Silvercorp Metals Inc (SVM) Quote

Ok, here goes.

The Orecorp deal is closed in Sydney. It was a bad deal for the major shareholders who pressed for the all cash deal. Real smart business men -not.

It was a bad deal for the small stock holders and the cash and stock offer was a better deal. Why? let me explain.

From March 1st though April 16th gold went up 289.65 an ounce. Silver went up 5.29 an ounce. SVM stock went up 1.23 The value of all silver and gold deposits went up. Including shares and or silver and gold deposits in other companies we have ownership in right now.

IMHO Orecorp did not deal fairly when SVM got the loan to start moving the people. They then pushed for their interests for a higher cash bid. They should have been resolute on the SVM deal before they ever allowed SVM to hire a project manager, get a loan and start moving people.

The analyst failed to monitor and update their advice on the all cash offer suddenly not being worth as much as the cash and stock offer.
They needed to reevaluate all the silver and gold holdings for the SVM book of business. Their advice and lack of an update really hurt the small investor's and helped the big shareholders get cash. They will owe tax and IMHO have a much worse deal. .57cents less 10 tax is not a better deal than the stock deal which would have clearly off set any tax by the increase of value over the time frame for the offer to close on the 16th. The analyst should have said hold on, the deal is no longer better as a cash deal. Most people were talking about the daily increase in gold and silver and the analyst did not continue to monitor and speak up.

SVM and their shareholders should be re- immbursed all moneys we spent and the breakup fee.

Boing X 2

There are articles of the silver supply running out in two years.

SVM needs to tie up New Pacific Metals at 51 percent ownership while the stock is still reasonable.

They will have decades of mine supply. If others run out SVM could really be seeing premium prices on silver. Also, they have gold.

Boing X 2

SVM needs to get to 51 percent ownership now.

"https://www.youtube.com/watch?v=lSqsROcHA7k"

Omai is a steal at this stock price.

4 day old video,

Boing X 2

silver just ended the week with a bullish engulfing candle.

Might have lift off next week.

Boing X 2

SVM needs to get 51percent ownership right now. Dirt cheap stock. Now up to 3.8M oz gold and more expected. Most of plant still in place.

"https://finance.yahoo.com/news/omai-gold-delivers-pea-tax-142600999.html"

Will make up for ore corp loss and much cheaper.

Boing X 2

Gareth Soloway just said silver had a confirmed breakout yesterday.

Boing X 2

Correction.

Tendered the stock or sold the stock. Not held worthless.

I have much more to say after the Perseus offer closes on April 19th which will be April 18th our time. Figure 7pm closing of offer in Sydney.

Boing X 2

Questions I would like to see Lon answer;

What happens to the project manager they hired to move people for Ore corp?,

Are we getting the breakup fee?

What happens to the stock we bought. Tendered back or held?

Was it Ore corp that was responsible for the 28M raised to facilitate moving the people and if not do they now pay us back?

Boing x 2

Article this am. at Kitco. Expect silver supplies to run out in two years.

"https://www.kitco.com/news/article/2024-04-02/silversqueeze-coming-stocks-could-be-depleted-two-years-td-securities"

IMHO SVM should grab New Pacific Metals right now while it is still reasonable and set themselves up should this happen.

Not only silver they get gold likewise. Not going to be cheap two years from now.

Silver was over the magical mark of 26.25 this am. then dropped back down under. Need to close at or above to confirm.

Boing X 2

Two day old video. New Pacific Metals

"https://www.youtube.com/watch?v=9pYWczMconE"

Big tonnage of silver and gold at Carangas

Boing x 2

While two years old, this video shows why I think they should go after OMAI gold now. Shows the layout and never really drilled properly.

"https://www.youtube.com/watch?v=OIRt0hDCxTQ"

Boing X 2

Some thoughts now Ore Corp is no longer on the table.

OMAI gold already has 2M ounces gold and likely will find as much or more. We already own a ton of their stock and sit on their board.

The mill is already in place. They might have to add new ball mills. A thought is, with a properly supported tunnel, under the mill they can expand on the other side without removing the plant that was left. This would save major money.

OMAI stock is still so cheap it would not take much money to get to 51 percent ownership now.

Next,

SVM might consider getting to 51 percent on New Pacific now. We are at 27.4 percent now. Again not much money to have control with mega silver and gold reserves for years to come. They could accomplish taking over OMAI and New Pacific likely for less than what Ore Corp was going to cost them.

Just al IMHO.

Boing X 2

Two day old Lon Shaver interview with comments on Orecorp.

We do have a breakup fee they pay us if it doesn't go through. He feels with the market going. up our offer is a better offer then the all cash offer. If we don't get the takeover we still have a large number of shares to participate and make money.

In other words a win any way one looks at it.

My best guess is we prevail over an all cash offer. Orecorp shareholders get a slice out of SVM other assets by going with our offer.

The end is March 22nd. The gold and silver prices might continue higher in the mean time and make our offer even better for them to accept.

Boing X 2

New Oami update,

"https://finance.yahoo.com/news/omai-gold-increases-indicated-mineral-121500284.html"

Boing X 2

3rd quarter results,

"https://ih.advfn.com/stock-market/AMEX/silvercorp-metals-SVM/stock-news/93240116/silvercorp-reports-adjusted-net-income-of-11-5-mi"

Boing X 2

Just need Orecorp shareholders approval now.

"https://finance.yahoo.com/news/silvercorp-receives-tanzanian-fcc-approval-014600631.html"

Boing X 2

High grade drill results,

"https://finance.yahoo.com/news/silvercorp-reports-high-grade-silver-123000737.html"

5kplus g/t on one drill result.

Boing X 2

We are almost there. Mid Feb.

"https://ih.advfn.com/stock-market/AMEX/silvercorp-metals-SVM/stock-news/93160218/silvercorp-satisfies-another-condition-in-connecti"

Boing X 2

New Pacific new video 3 days ago,

æ

Boing X 2

New video with Lon regarding Orecorp

"https://www.youtube.com/watch?v=RWITDd9YLIY"

Boing X 2

"https://finance.yahoo.com/news/silvercorp-reports-operational-results-financial-221500320.html"

"https://finance.yahoo.com/news/silvercorp-provides-orecorp-transaction-052900252.html"

Sounds like they thing the government will approve.

Boing X 2

Ownership in Tincorp climbing,

"https://finance.yahoo.com/news/tincorp-announces-credit-facility-cancels-175800033.html"

Boing X 2

Another hurdle to cross,

"https://www.miningreview.com/gold/silvercorps-takeover-offer-for-orecorp-faces-regulatory-challenges/"

Boing X 2

A lightbulb just went off, I know, I know, No jokes.

BTG is in the same office as SVM.

Six months ago BTG said they were looking to expand in the Philliipines

How about SVM an BTG do a joint buy out of CLA.AX. not a big cost to either that way and we get a fully permit operation going.

They both win.

Boing X 2

Just wow!

I thought I would check on Celsius. Stock has tanked.

Celsius Resources Limited (CLA.XA)
Cboe AU - Cboe AU Real Time Price. Currency in AUD
Follow

0.0125+0.0005

Lon might want to consider grabbing 51percent of shares at this price and just take them over.

I think they tried to shake him down and he wasn't going to have it.

Boing X 2

Silvercorp Adds New General Manager for Tanzania Project
December 28 2023 - 07:30AM
PR Newswire (US)

VANCOUVER, BC, Dec. 28, 2023 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) is pleased to announce the hiring of Mr. Kevin Moxham as General Manager of Tanzania Projects effective January 1, 2024.

Reporting to the CEO and the President, Mr. Moxham's main responsibility will be to lead the construction and commissioning of the Nyanzaga Gold Project, along with related infrastructure, in Tanzania, once Silvercorp has assumed effective control of the project.

Prior to joining Silvercorp, Mr. Moxham most recently served as Executive General Manager of the Khoemacau Copper Mine in Botswana where he was instrumental in facilitating its sale to MMG Limited for approximately US$2 billion in November 2023. Mr. Moxham led Khoemacau's mine development efforts from 2017, that culminated in the commencement of production in June 2021, accomplishing all targeted milestones and ramping up to full capacity of 10,000 tonnes per day by the time of its sale to MMG Limited.

Mr. Moxham started his mining career with Anglo American and has held General Manager roles at Barrick Gold's North Mara Gold Mines in Tanzania, Bisha Mining Share Company in Eritrea, and Newmont's Golden Ridge Akyem Gold Mine in Ghana, among other senior leadership positions. He is a past president and honorary lifetime member of the Association of Mine Resident Engineers of South Africa and a Founding Board Member of the Centre of Mechanization, Witwatersrand University. He had also played professionally in first-class cricket in the past for South Africa's Easterns franchise.

Dr. Rui Feng, Chairman and CEO of Silvercorp, commented, "We are very pleased to welcome Kevin to the Silvercorp team. Kevin brings decades of experience in the African mining industry and his deep industry knowledge on that continent will make a great contribution to Silvercorp's future growth."

About Silvercorp
Silvercorp is a profitable Canadian mining company producing silver, lead and zinc metals in concentrates from mines in China. The Company's goal is to continuously create healthy returns to shareholders through efficient management, organic growth and the acquisition of profitable projects. Silvercorp balances profitability, social and environmental relationships, employees' wellbeing, and sustainable development. For more information, please visit our website at www.silvercorp.ca.

This came in right after I left town.

High grade gold and silver drill results,

"https://finance.yahoo.com/news/silvercorp-reports-high-grade-gold-003900731.html"

Setting up for a great new year.

Boing X 2

It looks like Lon just might have pulled it off.

https://finance.yahoo.com/news/silvercorp-announces-takeover-offer-orecorp-221000635.html"

And, OreCorp is agreeing with him. Great going Lon.

Boing X 2

It further sucks that the court said that SVM can't vote their shares while Persus can????? Totally unfair. They paid for their shares just the same as Persus.

Australia is going down the tubes lately.

Boing X 2

Not happy I had to dig to find this,

"https://www.orecorp.com.au/upload/documents/investor/asx/231130220511_231101SchemeMeetingPostponed.pdf"

Meeting postponed to Jan 18th.

Boing X 2

Omai finds more gold,

"https://finance.yahoo.com/news/omai-gold-announces-7-69-130100643.html"

Boing X 2

Some thoughts on OreCorp.

I note on 11/27 there were 50M shares traded. Then on 11/30 there were 57M shares traded.

We know Lon said he was going to consider his options.

It would seem less probable that Persus would buy those shares with a potential value of .60 cents a share that were bought at an average cost of around .48 cents a share over those two days and then vote no. That would be in addition to the 19 percent they already own.

It would seem more probable that SVM bought the shares and would then vote the shares and then cancel them and not have to pay .60 cents in stock and cash out there by saving money and less share dilution.

Not sure why that volume would be sold at .48 cents average vs. holding out for the higher figure.

At any rate the vote takes place at 9PM our time tonight. That will be 10am. Perth time Friday. So, we should know late tonight or early tomorrow if the plan was approved.

Good luck Lon and SVM.

Boing X 2

I notice it says they will pay the dividends on or before Dec. 15th.

It would be a nice holiday present for them to pay them early while the market is down. They have already kissed the money off and it would be great to get to reinvest them at this lower price. Helps them on shareholder ownership likewise.

Boing X 2

Lon to the rescue,

"VANCOUVER, BC, Nov. 30, 2023 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) notes the announcements made by Perseus Mining Limited ("Perseus") (ASX: PRU) (TSX: PRU) in relation to its acquisition of a 19.9% interest in OreCorp Limited ("OreCorp") (ASX: ORR). Silvercorp is considering these announcements to determine an appropriate course of action in the best interests of Silvercorp shareholders.

About Silvercorp
Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company's strategy is to create shareholder value by 1) focusing on generating free cashflow from long life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) long term commitment to responsible mining and ESG. For more information, please visit our website at www.silvercorp.ca.

For further information
Silvercorp Metals Inc.
Lon Shaver
President
Phone: (604) 669-9397
Toll Free 1(888) 224-1881
Email: investor@silvercorp.ca
Website: www.silvercorp.ca
"

Boing X 2

Orecorp update,

"https://www.miningmx.com/top-story/55089-perseus-builds-19-9-stake-in-tanzania-gold-developer-orecorp/"

Time will tell. Must be a good property.

Boing X 2

Orecorp update,

"https://ih.advfn.com/stock-market/TSX/SVM/stock-news/92642557/silvercorp-and-orecorp-enter-into-amending-agreememt"

Boing X 2

Towards the end of the video Lon says some additions coming on to the Ying district shortly.

My best guess is regarding gold. We shall see.

Boing X 2

Just posted video,

"https://www.youtube.com/watch?v=TExRBdpdsDY"

Boing X 2

SVM had a solid close above the 50 day moving average of 2.32 on Friday.

One analyst opinion,

Analyst Forecast
According to one analyst, the rating for SVM stock is "Strong Buy" and the 12-month stock price forecast is $8.0.

Price Target
$8.0
(238.98% upside)
Analyst Consensus: Strong Buy

Hope he is right.

Boing X 2

New video for New Pacific.

:"

Boing X 2

New video under last post.

Boing X 2

Sorry about the typo on Omai.

Hot off the press for the Ying mine,

"https://www.youtube.com/watch?v=TnlWrS8G1Qo"

Looks like a lot of potential for mining more gold.

Boing X 2

Omar keep getting good drill results,

"https://finance.yahoo.com/news/omai-gold-drills-5-89-131400962.html"

Boing X 2

Silvercorp Provides Update on OreCorp Transaction Progress

November 16 2023 - 07:30AM
PR Newswire (US)

OreCorp's Scheme Booklet, including a fair and reasonable conclusion from the Independent Expert's Report, sent to OreCorp shareholders last week

Scheme Meeting of OreCorp shareholders to take place at 10:00 am (AWST) on December 8, 2023

Approval from the Tanzanian Fair Competition Commission for the proposed acquisition has been issued to Silvercorp

Silvercorp generated $28.8 million in operating cash flow during Q2 Fiscal 2024 and held $189.1 million in cash, cash equivalents and short-term investments, plus a further equity investment portfolio with a total market value of $124.0 million as at September 30, 2023, after it invested $18.5 million into the equity of OreCorp to finance its Resettlement Action Plan ("RAP") for the Nyanzaga Gold Project

VANCOUVER, BC, Nov. 16, 2023 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) is pleased to provide an update on the proposed transaction (the "Transaction") with OreCorp Limited (ASX: ORR) ("OreCorp") as first announced on August 6, 2023.


Transaction Progress

The extensive documentation necessary to seek OreCorp shareholder approval of the Australian scheme of arrangement under Part 5.1 of the Corporations Act 2001 (Cth) (the "Scheme") has been sent to OreCorp shareholders

On November 2, 2023 the Federal Court of Australia approved: the convening of the OreCorp shareholders meeting to consider and vote on the Scheme (the "Scheme Meeting"), currently scheduled to take place at 10am (AWST), December 8, 2023, and the delivery on November 8, 2023 of the explanatory statement and notice of Scheme meeting (together, the "Scheme Booklet") to OreCorp shareholders for their consideration

The Scheme Booklet sets out the key terms of the Transaction, the reasons for OreCorp's directors' recommendation, and includes an Independent Expert's Report that concluded the Scheme, in the absence of a superior proposal, is fair and reasonable and in the best interests of OreCorp shareholders

In late October, representatives of both companies attended the Tanzanian Mining & Investment Forum and held constructive meetings with several representatives of the Tanzanian government who continue to express enthusiasm and support for the Transaction and development of the Nyanzaga mine

Tanzanian FCC Approval

After the Silvercorp team held meetings with the Government of Tanzanian, on November 6, 2023, Silvercorp received a Merger Clearance Certificate (dated November 3, 2023) from the Tanzanian Fair Competition Commission (the "FCC") approving the Transaction without conditions. The FCC approval represents the sole Tanzanian regulatory requirement needed to complete the Transaction.

Silvercorp Chairman and CEO, Dr. Rui Feng commented: "We would like to express our gratitude to the FCC for their support throughout the approval process. We also thank everyone involved for their collective efforts over the past few months, resulting in successfully achieving numerous milestones for the transaction—paving the way for the creation of a new globally diversified precious metals producer. We eagerly anticipate continuing Nyanzaga's project execution in close partnership with the Government of Tanzania to ensure a successful development that benefits all stakeholders."

Silvercorp has the financial strength to close the Transaction and advance the development of the Nyanzaga Gold Project

Silvercorp reported strong Q2 Fiscal 2024 financial results on November 9, 2023. During the quarter, cash flow from operating activities totaled $28.8 million, and with $189.1 million in cash, cash equivalents, and short-term investments at the end of Q2, Silvercorp has the financial strength to close the Transaction and advance the development of the Nyanzaga Gold Project.

Silvercorp's equity investment portfolio, valued at $124.0 million as of September 30, 2023, includes a $18.5 million private placement in OreCorp, completed in August 2023. Proceeds from this investment have been applied towards resettlement activities outlined in the RAP. This important step will assist in facilitating the prompt development of the Nyanzaga Gold Project. As of OreCorp's report for the quarter ended September 30, 2023, issued October 19th, compensation payments in relation to the implementation of the RAP are well advanced, with approximately 84% of the agreements fully executed and approximately US$6 million paid to date. The tender process for constructing resettlement housing is well underway.

Transaction Details Recap
Silvercorp intends to acquire all fully-paid ordinary shares of OreCorp not held by Silvercorp (the "OreCorp Shares") by way of the Scheme, with each holder of OreCorp Shares (other than ineligible shareholders and Silvercorp) receiving, for each OreCorp Share held on the record date for the Scheme, A$0.15 in cash and 0.0967 of a Silvercorp common share, or at the OreCorp shareholder's election, 0.0967 of a new Silvercorp CDI (subject to ASX admitting Silvercorp to the official list of ASX and approving Silvercorp CDIs for official quotation). The Transaction is subject to the satisfaction and/or waiver of various remaining conditions, including OreCorp shareholders approving the Scheme at the Scheme Meeting, final approval of the Federal Court of Australia, and acceptance from the TSX and NYSE American, including in respect of the issuance and listing of new Silvercorp common shares issuable pursuant to the Scheme.

The OreCorp Board has unanimously approved the Transaction and has recommended that all OreCorp shareholders vote in favour of the Scheme at the Scheme Meeting, in the absence of a superior proposal and subject to the independent expert appointed by OreCorp (the "Independent Expert") continuing to conclude that the Scheme is in the best interests of OreCorp shareholders.

About Silvercorp
Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company's strategy is to create shareholder value by 1) focusing on generating free cashflow from long life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) long term commitment to responsible mining and ESG. For more information, please visit our website at www.silvercorp.ca.

Silvercorp and Orecorp timeline.

"https://www.orecorp.com.au/upload/documents/investor/asx/231106015646_231103RegistrationbyASICwithSchemeBooklet.pdf"

Approval by Tanzania,

"https://www.orecorp.com.au/upload/documents/investor/asx/231107010236_231107FCCApproval.pdf"

Boing X 2

error

Just found this,

"https://www.youtube.com/watch?v=IvUkFfucBRE"

He is thinking SVM is a buy.

Boing X 2

Found this on Orecorp. No PR yet. Nov.3rd.

"Australian Federal Court Orders OreCorp to Seek Shareholder Approval for Takeover"

Boing X 2

Tincorp video,



Must listen.

Finding tin on offshoots. Possible gold. Going to raise money In next two weeks. SVM needs to participate and maintain position .

Boing X2

Two new videos on New Pacific,





SVM needs to be sucking up more of their shares while cheap. 1st video says they are going to drill a potentially larger gold deposit they believe they have just found at Carangas.

Major silver reserves already there as well as gold.

If Silvercorp starts producing more gold they just recently found we need to consider taking out New Pacific before Pan American Silver.

Boing X 2