$0.71
0.00 (0%)
Apex Silver Mines Limited (SIL.DL)
CAPS Rating:
The Company is engaged in the exploration and development of silver and other mineral properties in Latin America.
Fool.com
The World's Greatest Investing Community
RSS Headlines
Fool UK
Recs
Silver, Zinc, Lead miner that has some bad hedges that may force them to sell some of their mining rights, or go bankrupt!Not sure if this is fully priced in already, but sure looks like it from the chart. If they can get past this hurdle, their mine is actually on the verge of being profitable. So, I can't tell if this is going up, or going down short term. So watch and see in CAPS. My gut is that it is likely to going down a little more for a few weeks/months, and then back up dramatically next year (2009).I choose an outperform on this since any potential gain from a short-term underperform is outweighed by the upside "risk"... see today's 7% jump.
Well, with today's 14% drop, I decided to invest some real money... not much, but enough that if this gets back into the teens, I'll be very happy. And if it goes to zero, well, I only lost one month's contribution into my ROTH.So, I call it up from here (2.28/share).