Two people have already mailed me this morning about this press release from FVI.v today. According to the presser, illegal roadblocks have been set up byprotesters at the company's San José silver project in Mexico. So rather than send the same copypasted mail to the 3rd, 4th, 5th etc mailer (although getting your mails is great, so keep 'em coming) here are my thoughts:
1) I don't work for the company and have no special information. In fact FVI.v hasn't even bothered to pick up the phone and say "hi" since I pointed out to them that they were hitching their wagon to a real unhinged scammy pump artist (who'll remain un-named this time as he scans Google for mentions of himself and them bombards you with hatemail if he doesn't like what he reads) who doesn't give a damn about anyone but himself. I haven't lost any sleep, though. This is business, not love.
2) Even if we talked today the company wouldn't be in the position to hand out information away from the official line that could be quoted, so no point in asking them. The water rights issue is the touchy one, for sure. Note that the enviro permit papers have just been filed, so this might be a Corleone-style negotiation tactic or NGOs making a fuss...or a bit of both.
3) FVI.v has always valued good community relationships and I've seen that attitude in action first hand. However Continuum were definitely faster and looser and unliked in the San José area, especially on a couple of projects that locals said were leaking pollution. This may be the root cause now that CNU.v has been fused in to the company.
4) FVI.v isn't managed by stupid people, it's managed by intelligent people. I'm the first one to call out the scam artists of this industry, but also I'll call the good ones as good. FVI.v is a responsible mining company that does care for the environment around it, just the type that will win out. Therefore with silver where it is right now, anything sub 90c is a buying opportunity if people decide to panic themselves out of selling an excellent silver mining comapny.
Disclosure: I don't own right now. Those of you that bought the NOBS report on FVI.v in February (still available, see link here) will know that I consider it inside a short-term trading range until further notice and know where my likely buy and sell points are. So far it's done pretty much what I expected.
1) I don't work for the company and have no special information. In fact FVI.v hasn't even bothered to pick up the phone and say "hi" since I pointed out to them that they were hitching their wagon to a real unhinged scammy pump artist (who'll remain un-named this time as he scans Google for mentions of himself and them bombards you with hatemail if he doesn't like what he reads) who doesn't give a damn about anyone but himself. I haven't lost any sleep, though. This is business, not love.
2) Even if we talked today the company wouldn't be in the position to hand out information away from the official line that could be quoted, so no point in asking them. The water rights issue is the touchy one, for sure. Note that the enviro permit papers have just been filed, so this might be a Corleone-style negotiation tactic or NGOs making a fuss...or a bit of both.
3) FVI.v has always valued good community relationships and I've seen that attitude in action first hand. However Continuum were definitely faster and looser and unliked in the San José area, especially on a couple of projects that locals said were leaking pollution. This may be the root cause now that CNU.v has been fused in to the company.
4) FVI.v isn't managed by stupid people, it's managed by intelligent people. I'm the first one to call out the scam artists of this industry, but also I'll call the good ones as good. FVI.v is a responsible mining company that does care for the environment around it, just the type that will win out. Therefore with silver where it is right now, anything sub 90c is a buying opportunity if people decide to panic themselves out of selling an excellent silver mining comapny.
Disclosure: I don't own right now. Those of you that bought the NOBS report on FVI.v in February (still available, see link here) will know that I consider it inside a short-term trading range until further notice and know where my likely buy and sell points are. So far it's done pretty much what I expected.