Fortuna Silver news

The quarterly results from Fortuna Silver (FVI.v) made for good reading. The conference call today was strong and positive (and I hear well-attended too, but if you missed it a recording will be available very soon at the company website). The stock is trading well, with nearly 500k volume done yesterday and closing in on the same figure today.

FVI is up 5% and threatening to break out at this point (the TA heads tell me a $1.04 finish would be good). Damn well should, too.

This weekend's IKN Weekly will feature a NOBS fundamental analysis report on Fortuna Silver as we take in the recent happenings and set a target for the end of the year. Be there or be square.

Fortuna does the Apple

Do we shamelessly pump junior silver mining companies that we like? Yes we do, because we don't base our arguments on wings'n'prayers. Nor do we base them on the fact we hold a massive underwater position and are trying to get a new bunch of saps to bail out our personal wallets (see previous post). We look to fundamental analysis round here. Chez Otto we approve of honest shareholder-friendly management that actually know how to run a working mine successfully (not just an IR dep't). Put briefly, we like Fortuna Silver (FVI.v).

So tomorrow the FVI.v crew hits New York City as part of its promo show-them-to-the-money-people roadshow. I know a couple of readers will be attending so I hope you don't just take FVI.v at their word but ask them a few tough questions, cos the more you find out about FVI.v the more you'll like it, I'm quite sure. And if anyone else is in the area and wants to find out what a small silver junior is like when it's just trying to prove to a cynical world how good it really is and not resorting to playing hide'n'seek behind a wall of BS hype, go along to the presentation yourself. Then buy some stock.

Disclosure: Long FVI.v (no sheeyit Sherlock, eh?)

Fortuna Silver (FVI.v): Get the report

My marketing friend is telling me to "prosecute the sale" (whatever that means), so here we go with the post about the new Fortuna Silver (FVI.v) report out and available immediately. Be warned that (due to wife input after reading marketing friend's mail today) this post is getting repeated tomorrow, too.

Thanks in advance, etc.
Otto

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Mailbag and Fortuna Silver (FVI.v)

Click to enlarge

On Friday I had this short but very gratifying exchange with reader JB. Here it is in full (with names reserved):

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On Fri, Feb 13, 2009 at 2:19 PM, XXXXXXXXXXXXXXXXX wrote:

Just wanted to say thanks for you blog on this day that my Fortuna investment reached 100.46% gain. All the best, XXXXXXXXXX

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On Fri, Feb 13, 2009 at 3:47 PM, otto rock wrote: Wow XXXXXXXX, that's great! I'm very happy for you. With your permission I'll include this mail in tomorrow's mailbag post

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Anyone who gets me 100% can do anything they'd like with my mail. :)

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Thus permission was granted and you get to read the mails :-). I'd like to point out to JB and all readers that I didn't "get him 100%" as he got it for himself. DYODD, dude....I really mean it. It's always your money and your responsibility when you invest, so pat yourself on the back JB as the credit is yours. Still, it's great that somebody took into account my views on this humble corner of cyberspace and has managed to make good coin as a result.

So all that said, here comes the pitch for a new NOBS report on Fortuna Silver (FVI.v) available to the general public at a low, low price. I've written a latest update on the company with my views on how its earnings will develop in 2009. The report gives the necessary background, explains about its development plans, takes into account three metals prices scenarios and gives the reader a solid idea of Fortuna silver's price sensitivity to silver, zinc and lead. It rounds off with price forecasts and practical advice on how trade the stock.

This eight page report, packed with details and giving you the parameters you need to trade FVI.v in 2009, costs just U$10 (yep, just ten US dollars) and is payable by PayPal. Either send straight from your own PayPal account to.....

otto.rock1 (AT) gmail (DOT) com

........or use this paypal button (it's set for $10 by default):

As you'll see behind that button, all the usual credit cards are accepted.

So get wise to Fortuna Silver by investing just U$10 (the price of one trade's commission, basically) and getting your hands on a copy of this NOBS report, created from scratch by yours truly (someone that has visited FVI's Caylloma mine not once but twice in the last couple of years). I'd venture to say that once you see how 2009 prices and market sentiment is likely to play out on this stock price, the small investment in this report will pay for itself many times over for savvy investors.

Order your copy now and it will be delivered immediately on receipt. Thank you for your attention.

Fortuna Silver (FVI.v): Get wise

This below is a re-post from yesterday because...well...because I want you to buy a copy of the report. Those that have already ordered (seven of you) and those that order today will get their copy delivered tonight. If you order in the days to come you'll get yours immediately on receipt. Thanks in advance.

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Mailbag and Fortuna Silver (FVI.v)

Click to enlarge

Yesterday I had this short but very gratifying exchange with reader JB. Here it is in full (with names reserved):

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

On Fri, Feb 13, 2009 at 2:19 PM, XXXXXXXXXXXXXXXXX wrote:

Just wanted to say thanks for you blog on this day that my Fortuna investment reached 100.46% gain. All the best, XXXXXXXXXX

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

On Fri, Feb 13, 2009 at 3:47 PM, otto rock wrote: Wow XXXXXXXX, that's great! I'm very happy for you. With your permission I'll include this mail in tomorrow's mailbag post

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Anyone who gets me 100% can do anything they'd like with my mail. :)

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Thus permission was granted and you get to read the mails :-). I'd like to point out to JB and all readers that I didn't "get him 100%" as he got it for himself. DYODD, dude....I really mean it. It's always your money and your responsibility when you invest, so pat yourself on the back JB as the credit is yours. Still, it's great that somebody took into account my views on this humble corner of cyberspace and has managed to make good coin as a result.

So all that said, here comes the pitch for a new NOBS report on Fortuna Silver (FVI.v) available to the general public at a low, low price. I've written a latest update on the company with my views on how its earnings will develop in 2009. The report gives the necessary background, explains about its development plans, takes into account three metals prices scenarios and gives the reader a solid idea of Fortuna silver's price sensitivity to silver, zinc and lead. It rounds off with price forecasts and practical advice on how trade the stock.

This eight page report, packed with details and giving you the parameters you need to trade FVI.v in 2009, costs just U$10 (yep, just ten US dollars) and is payable by PayPal. Either send straight from your own PayPal account to.....

otto.rock1 (AT) gmail (DOT) com

........or use this paypal button (it's set for $10 by default):

As you'll see behind that button, all the usual credit cards are accepted.

So get wise to Fortuna Silver by investing just U$10 (the price of one trade's commission, basically) and getting your hands on a copy of this NOBS report, created from scratch by yours truly (someone that has visited FVI's Caylloma mine not once but twice in the last couple of years). I'd venture to say that once you see how 2009 prices and market sentiment is likely to play out on this stock price, the small investment in this report will pay for itself many times over for savvy investors.

Order your copy now and it will be delivered well before the opening bell Monday. Thank you for your attention.

Mailbag and Fortuna Silver (FVI.v)

Click to enlarge

Yesterday I had this short but very gratifying exchange with reader JB. Here it is in full (with names reserved):

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

On Fri, Feb 13, 2009 at 2:19 PM, XXXXXXXXXXXXXXXXX wrote:

Just wanted to say thanks for you blog on this day that my Fortuna investment reached 100.46% gain. All the best, XXXXXXXXXX

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

On Fri, Feb 13, 2009 at 3:47 PM, otto rock wrote: Wow XXXXXXXX, that's great! I'm very happy for you. With your permission I'll include this mail in tomorrow's mailbag post

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Anyone who gets me 100% can do anything they'd like with my mail. :)

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Thus permission was granted and you get to read the mails :-). I'd like to point out to JB and all readers that I didn't "get him 100%" as he got it for himself. DYODD, dude....I really mean it. It's always your money and your responsibility when you invest, so pat yourself on the back JB as the credit is yours. Still, it's great that somebody took into account my views on this humble corner of cyberspace and has managed to make good coin as a result.

So all that said, here comes the pitch for a new NOBS report on Fortuna Silver (FVI.v) available to the general public at a low, low price. I've written a latest update on the company with my views on how its earnings will develop in 2009. The report gives the necessary background, explains about its development plans, takes into account three metals prices scenarios and gives the reader a solid idea of Fortuna silver's price sensitivity to silver, zinc and lead. It rounds off with price forecasts and practical advice on how trade the stock.

This seven page report that will give you the parameters you need to trade FVI.v in 2009 costs just U$10 (yep, just ten US dollars) and is payable by PayPal. Either send straight from your own PayPal account to.....

otto.rock1 (AT) gmail (DOT) com

........or use this paypal button (it's set for $10 by default):

As you'll see behind that button, all the usual credit cards are accepted.

So get wise to Fortuna Silver by investing just U$10 (the price of one trade's commission, basically) and getting your hands on a copy of this NOBS report, created from scratch by yours truly (someone that has visited FVI's Caylloma mine not once but twice in the last couple of years). I'd venture to say that once you see how 2009 prices and market sentiment is likely to play out on this stock price, the small investment in this report will pay for itself many times over for savvy investors.

Order your copy now and it will be delivered well before the opening bell Monday. Thank you for your attention.

Fortuna Silver provides an update

At Caylloma, underground extraction caught on camera

Here's the link to the full PR. Go read it for yourself.

But I'm sure you'll like:

• improved production tonnage
  
• more silver from the mine
• even more coming in 2009 (1.4m ounces will be 70% more than this year)
• recovery rates for all metals are improving (now over 80% recovery for silver)
• new copper circuit that adds easy money by-product cashflow
• strong cash position Mr Taylor
• etc etc

This company is the real deal, people. Read that PR for yourself, but I'd like to point out just one small thing here. FVI announced it had started developing the Soledad vein (the bonanza-grade vein mentioned in the PR) on September 23rd and just six weeks later the ore is being processed and those big silver grades are being turned into saleable ounces. This is the difference between an explorer company and a junior actually in production and is something many junior investors don't appreciate. Far too often a PR announcing high grades hits the airwaves as part of an ongoing drill campaign but nothing ever comes of it, or if something does we have to wait months or even years for a solid result. Not true when you can throw the ore into the processor in a matter of days.

All junior miners are not the same. DYODD. Here's a link to the Fortuna website to help you.

Fortuna Silver: If you needed proof that the market is crazy......

.....Fortuna Silver (FVI.v) is now fully priced only on its cash at bank.

With U$46.6m in cash at bank (yep...real cash. Folding bills. Don't confuse it with 'working capital' either, as that stands at U$55m) and shares out at 85m, this means each share has C$0.65 of cash to back it up. The share price is now C$0.55.

Let's put this as simply as possible: Buy FVI.v stock at C$0.55 and you get C$0.65 worth of cash. And that doesn't even include:

• A working mine that made over $4m last quarter

• $14m worth of plant and equipment

• A hedge book that sells a large slug of its zinc and lead production at $1.10 to $1.20/lb

• A very large and exciting silver mine project in Mexico that is already a long way down the development track

• Wonderful new rich vein finds at the Caylloma mine that promise to extend mine life way way into the future
  

• A damn good management team

• etc

So if you like, buy the company out at 55c, sell the machinery, keep the cash, give the two properties away to charity or something and keep the twenty five million dollar profit that you make. It wouldn't be a bad day's work, would it? And I bet the charities would be happy, too.

The bottom line is less flippant. All the above is an example of market inefficiency, and this is what the investor should always be on the lookout for. It might be very tough on junior miners with no cash at bank at the moment, but if the market thinks their properties aren't going to get developed any time soon and they have no cash to support themselves, then at least the market has a reason for pricing them way way down (be that reason proved correct or false over time). But pricing a working mine with positive cash flow at the amount of cash it has in bank? Gimme a break!

I suggest you do some DD on Fortuna Silver, folks. I'm quite sure that once you do you'll come to the same "it's a buy" conclusion as I do. Here's the link to the company website.