Tuesday, May 24, 2016

Excessive Demand On Americas Silver Shares

Due to the strong demand on its shares, today Americas Silver announced an additional private placement, amounting to around C$10 million. This placement plus the one, announced on May 20, should fuel the company with cash of around C$30 million. 

 As I stated in my Seeking Alpha article on Americas Silver, it is a lot of cash for the company. 

 To show it, below I have plotted a pro-forma version of Americas Silver balance sheet:


As the table shows, after the two private placements the company should hold cash of $26 million. I remind my readers that Americas Silver plans to spend $21.4 million on implementing the San Rafael project. 

 It looks like the project is fully funded now...
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2 comments:

  1. UnknownMay 25, 2016 at 5:14 AM

    Simple, will you consider investing in this silver miner? Profile wise it's also targeting to be a 4 mil ozs producer, yet it's valuations is far below GPL, despite it's strong run up from the Dec lows.

    ReplyDelete
  2. Simple DigressionsMay 25, 2016 at 11:48 AM

    It is quite an interesting company but it is too early for me to present any opinion. I have some doubts - need to check them...

    ReplyDelete

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