SVL 2.02% 9.7¢ silver mines limited

So if your fund manager gets you into an investment that...

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  1. 1,611 Posts.
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    So if your fund manager gets you into an investment that required a $150,000 outlay and this investment now drops to $95,000-100,000 after 15-18 months and he/she tells you "let the value drop to $35,000-$40,000. Who really cares, great time to accumulate and bring the holding average down. The truth is, at some point what you are investing in will go up" ... I assume your response would be "oh terrific what an opportunity"?

    This is the mindset that gets "long term" retail investors into trouble. Or should I say "long term fundamental driven" retail investors.

    Personally I would love to see SVL at much higher prices as I have friends who hold this stock however stop losses are essential.

    I hope SVL does not drop to the 4-5c however if Blackrock needs to offload on-market their remaining shares then this is a possibility. SVL will need funds soon as well so expect a capital raising to further dampen "buying enthusiasm" short term.
 
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Last
9.7¢
Change
-0.002(2.02%)
Mkt cap ! $149.2M
Open High Low Value Volume
9.9¢ 10.0¢ 9.7¢ $427.0K 4.346M

Buyers (Bids)

No. Vol. Price($)
6 549082 9.7¢
 

Sellers (Offers)

Price($) Vol. No.
9.9¢ 31656 1
View Market Depth
Last trade - 16.10pm 03/12/2024 (20 minute delay) ?
SVL (ASX) Chart
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