Silvermex Resources (SLX.TO)

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Thu, Jul 7, 2011 - 1:35am mouser
TheGoodDoctor
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Is there any way to get into

Is there any way to get into a private placement unless you have the big bucks? Or would warrants really be the only way to go?

“Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves.” Norm Franz
Thu, Jul 7, 2011 - 9:59am
mouser
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I tried getting into the

I tried getting into the private placement at .62 and they told me it was only for institutional , (Sprott etc) , but that they would inform me if another is offered. They have plenty of cash now and are likely making a profit from here on in.

Warrants to be exercised will raise more capital. I dont think they will ask for more in Private placements until they decide on an expansion plan. I do not believe there are any warrants available in the market right now. Buying at .61 i got just under same price as the inst in the private placement.

Fri, Jul 22, 2011 - 8:50am
Archie
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Insider Position @ SLX

Hi,

Does anyone know what are the current insider-holdings (stocks, options and warrants) of the following people?

Arthur Brown

Duane Nelson

Michael Callahan

Joseph Ovsenek

Kenneth C McNaughton

James Anderson

Sat, Jul 23, 2011 - 6:45pm
mouser
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Holdings according to SEDI

James Anderson the biggest holder ( despite his latest disposition to his son and his church) at 7,483,284 common shares , 150,000 options and 11,895,400 warrants.

Anderson Christian Foundation also has 300,000 shares

James wife, Karen Anderson holds 4,464,460 common shares and also has 550,000 warrants

Arthur Brown only 100,000 shares and 100,000 warrants , but 1,200,000 options.

Michael Callahan has 225, 000 commons and 225,000 warrants, and also 2,475,000 options.

Duane Nelson, the CEO has 1,964,734 commons and 1,275,000 options

Joseph Ovesnek has 50,000 shares and 400,000 options

Kenneth McNaughton has only 400,000 options.

Sat, Jul 23, 2011 - 7:09pm mouser
TheGoodDoctor
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Over at stockhouse board

Over at stockhouse board there was a post that said he got rid of some shares to give to his family and a foundation.

“Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves.” Norm Franz
Sat, Jul 23, 2011 - 8:38pm
mouser
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Actually was a gift to his

Actually was a gift to his son ( 1 million ) and a donation to his church of 7 million shares !! SO i guess SEDI, not right up to date, as the SEC filing shows less commons held by Anderson.

https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&filenum=005-8...


As of July 18, 2011, the Reporting Person ( James Anderson) was the beneficial owner of 24,843,144 Shares (or approximately 9.98%) of the Issuer's outstanding common stock. These 24,843,144 Shares consist of: (i) 6,933,284 Shares; (ii) 11,895,400 Warrants entitling Mr. Anderson purchase an equivalent number of Shares; (iii) 700,000 Stock Options entitling Mr. Anderson to acquire an equivalent number of Shares at an average exercise price of
.57; (iv) 300,000 Shares held by Anderson Christian Foundation, a nonprofit corporation controlled by Mr. Anderson; (v) 4,464,460 Shares held by Karen S. Anderson, Mr. Anderson's spouse; and (vi) 550,000 Warrants held by Karen Anderson which entitle her to purchase an equivalent number of Shares. The 300,000 Shares held by Anderson Christian Foundation were gifted to it by Mr. Anderson on December 24, 2010, when the market price of the Issuer's common stock was C$1.01 per Share.

Tue, Jul 26, 2011 - 2:07pm
crackor
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WHATS HAPPENING HERE

SLX just popped 30%.......whats with that??

Tue, Jul 26, 2011 - 2:25pm crackor
surfeitndearth
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WTF

Cannot find any news on it. But YEAH!

Only the small secrets need to be protected. The big ones are kept secret by public incredulity. - Marshall McLuhan

Tue, Jul 26, 2011 - 6:27pm surfeitndearth
TheGoodDoctor
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Same here. WTH?

Same here. WTH?

“Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves.” Norm Franz
Tue, Jul 26, 2011 - 8:12pm
infinite_easing
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SLX had its AGM today, but

SLX had its AGM today, but haven't got a feed on any of the highlights; also heard it got a mention from a metals commentator - however that hardly seems to account for more than 6 million shares being traded today.

Tue, Jul 26, 2011 - 8:26pm infinite_easing
JoeyJoeJoe
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... wished I got in on that

... wished I got in on that action. I threw a few stink bids at it the last few days, but those never got picked up. Seems like someone royally pumped it, but as you said, such high volume... o.O

Tue, Jul 26, 2011 - 9:31pm JoeyJoeJoe
bobby
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JoeyJoeJoe wrote:... wished

JoeyJoeJoe wrote:

... wished I got in on that action. I threw a few stink bids at it the last few days, but those never got picked up. Seems like someone royally pumped it, but as you said, such high volume... o.O

I was cheering since I'm holding.

Tomorrow will be an important indicator--will there be follow through on this up leg.

If it does then either some significant money is coming in or there is an imminent development coming soon to move the stock higher.

And the same for Romios on todays huge move.

Tue, Jul 26, 2011 - 9:46pm infinite_easing
mouser
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Apparently , from reading the

Apparently , from reading the bullboards, SLX was pumped by Dines in his newsletter as a his top silver pick. Geex about time one newsletter writer jumped on board here. It is really a good story.

Anyhow i had picked up another 20K at these rock bottom prices below .64 and paid off quite nicely today. Sold half while i was at work, albeit only for an .08 gain, still it all adds up. Will be holding the rest to see where the Dines pump can take us.

Tue, Jul 26, 2011 - 9:49pm mouser
bobby
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mouser wrote: Will be holding

mouser wrote:

Will be holding the rest to see where the Dines pump can take us.

I hope it becomes a new dance craze. The Dines Pump. Or maybe a shoe!

Tue, Jul 26, 2011 - 11:22pm
ginger
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Quite happy with this one

Quite happy with this one today! ....And it's about time.. ...GGCRF is my largest miner holding ..although I'm not anywhere near Mouser's league .....Still, I'm happy with the shares I've managed to accumulate and sure wish I could have added more over the past several months but couldn't.

Best of luck to us all! I really hope all the patience with this one is about to pay off.

Tue, Jul 26, 2011 - 11:26pm
ginger
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By the way... in my opinion

By the way... in my opinion ...speaking long term, ANYTHING under a dollar on this play is an unbelievable value. I will still add more when I can on pullbacks even as the price advances.

Mon, Aug 15, 2011 - 8:38pm
mouser
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Silvermex financials nothing outstanding

And i am bit disappointed we have not seen any results from the drill program they started about 4 months ago.

Still holding some of this one.

Silvermex loses $1.2-million in Q2

2011-08-15 15:45 PT - News Release

Mr. Duane Nelson reports

SILVERMEX RESOURCES ACHIEVES POSITIVE CASH FLOW AND LOW COST PRODUCTION AT ITS LA GUITARRA MINE

Silvermex Resources Inc. has released its unaudited financial and operating results for the quarter ended June 30, 2011. The company is currently ramping up production at its La Guitarra mine, as well as conducting extensive exploration within the district and at its other key projects.

Highlights from the quarter include:

  • Positive cash flow from operations of $400,000 was achieved.
  • Gross profits of $1.1 million were achieved on revenues of $2.8 million.
  • Positive adjusted EBITDA of $80,000 on adjusted net loss of $500,000 was achieved.
  • Net losses decreased by 27% over the second quarter of 2010.
  • The La Guitarra mine produced 81,400 ounces of silver and 1,111 ounces of gold.
  • Total cash costs of silver produced was US$4.45 per ounce, net of gold credits.
  • Average realized silver price was US$39.03 per ounce and average realized gold price was US$1,502.64.

Financial Results

The Company achieved a gross profit of $1.1 million for the three months ended June 30, 2011, on sales of gold and silver of $2.8 million, compared with a gross loss of $600,000 for the comparative 2010 period on sales of gold and silver of $200,000.

The Company incurred a net loss of $1.2 million for the three months ended June 30, 2011 compared with net loss of $1.7 million for the same period in 2010. The improvement in net loss is mainly attributable to increased production of gold and silver as well as increases in grade recoveries over the same period in 2010. Production grades for the quarter averaged 174 g Ag/t and 2.4 g Au/t. Recoveries to concentrate for the quarter averaged 90% for silver and 88.5% for gold.

At June 30, 2011, the Company had working capital of $23.8 million, cash on hand and short term investments of $20.6 million and current assets of $28.3 million. Operating activities generated cash of $400,000, compared with cash used of $2.3 million for the same period in 2010.

Production Results

Silver production for the second quarter of 2011 decreased 12.5% over the first quarter of 2011 and gold production decreased by 6%. This decrease was due, in part, to restricted cyanide deliveries to the Company's refiner as a result of the flooding of DuPont's cyanide production facility in Memphis, TN. This caused the Company to stockpile inventories to capacity and eventually interrupt production as the refinery was unable to receive and process the Company's silver and gold. During this interruption the Company took advantage of the time to perform annual routine maintenance on the plant. It is anticipated that this inventory will be shipped and processed in the third quarter. Furthermore, during the quarter, Silvermex was mining some of the available lower grade stopes due to the lack of past mine development. As the Company continues to focus on mine development and production, continued improvement in grade and production levels are anticipated for the remainder of the year.

During 2011 the Company plans significant levels of underground drilling and mine development with the goal of having sufficient reserves and working areas developed to support operating the La Guitarra mill at capacity prior to year's end. "We are confident that we will continue to meet our objectives over the remainder of the year and achieve full capacity by Q4", stated Michael Callahan, President of SIlvermex. "Even with the decrease in production due to the ongoing mine development and the cyanide shortage, which forced us to stockpile silver and gold during the quarter, we have still exceeded our internal budgets for production, and have surpassed that of the same period in 2010. We've also achieved greater grades and recoveries than our internal expectations for the quarter."

The Company's long term goal remains focused on expanding production from the La Guitarra mine and to continue to evaluate expansion opportunities to take advantage of the potential of the Temascaltepec mining district. This will require a well-managed and successful surface exploration and drilling program, the compilation of existing exploration data, improved mining practices, increased underground development and additional capital projects. Underground drilling is currently ongoing, and surface drilling is expected to commence in the third quarter of 2011.

This earnings release should be read in conjunction with Silvermex's MD&A, Financial Statements and Notes to Financial Statements for the corresponding period, which have been posted on SEDAR at www.sedar.com as well as on the Company's website at www.silvermexresources.com.

Mon, Aug 15, 2011 - 9:28pm mouser
bobby
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mouser wrote: Still holding

mouser wrote:

Still holding some of this one.

super post!

enjoy and appreciate your work!

I'm holding a small stake too.

Please see my post in gold miners about valuation versus sales.

thanks again! it's why I come here!

Thu, Aug 18, 2011 - 3:40pm mouser
Einherjar
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Hi mouserman...nice to see

Hi mouserman...nice to see you in here.

Wed, Aug 31, 2011 - 6:10am
infinite_easing
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I'm expecting a good second

I'm expecting a good second half. The 2nd Q MDA shows for the three months ended June 30 2011, cash cost of production per ounce at US$4.45 (net of gold credits).

Interesting read - the analysis is as at August 11, 2011. Here: https://www.silvermexresources.com/i/pdf/2011-Q2-MDA.pdf