tag:blogger.com,1999:blog-546884093908579135.post8749745417264190179..comments2023-10-26T00:24:55.370-07:00Comments on Simple Digressions: Energold - Last Year Was Not Turnaround Simple Digressionshttp://www.blogger.com/profile/10996326569422618066noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-546884093908579135.post-68561728330404162862017-04-10T14:11:49.815-07:002017-04-10T14:11:49.815-07:00Zestil,
I would not say that Impact Silver had a ...Zestil,<br /><br />I would not say that Impact Silver had a stellar year (rather a decent one). I generally like this company but its shares are still too expensive (for example, the EV/EBITDA multiple stands at 40 now). Simple Digressionshttps://www.blogger.com/profile/10996326569422618066noreply@blogger.comtag:blogger.com,1999:blog-546884093908579135.post-10226202643841093492017-04-10T10:44:42.213-07:002017-04-10T10:44:42.213-07:00SD, thank you for sharing this article.
The same ...SD, thank you for sharing this article.<br /><br />The same people who run Energold are also at the helm of Impact Silver (V.IPT). Like everything else this close association between Energold and Impact is hurting disproportionally Impact shareholders. As you pointed out Energold has incurred some bad years (I understand that their Western Canada drilling operations were in line with the state Western Canada oil and gas economy).<br /><br />My concerns is that Energold in addition to its own troubles, may pull down the performance of Impact Silver.<br /><br />As opposed to Energold, Impact Silver had a stellar 2016, are once again cash flow positive and are reporting great results in their San Ramon mine. The trouble is that, instead of capitalizing on the new capital (2 oversubscribed PPs in 20160, positive cash flow and very promising results, Impact Silver management is doing not enough to build on the positives and that inaction is clearly indicated in the stock price performance in late 2016 and 2017.<br /> <br /> <br />Zestilhttps://www.blogger.com/profile/14856751544583990415noreply@blogger.com