Silvercorp Metals - Jetzt geht\'s hier richtig los! (Seite 296)

[elsolivars]

Antwort auf Beitrag Nr.: 42.322.260 von sloopjohn am 08.11.11 23:21:11

danke

[sloopjohn]

N' Abend @all:

Silvercorp Reports Revenue Up 71% to $62.1 Million and Record Operating Cash Flow Up 140% to $35.2 Million in the 2nd Quarter of Fiscal 2012

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 8, 2011) -Silvercorp Metals Inc. (TSX:SVM)(NYSE:SVM) ("Silvercorp" or the "Company") today reported its unaudited financial and operating results for the second quarter ended September 30, 2011 ("Q2 2012"). The following financial results are expressed in US dollars (US$) unless stated otherwise.

The Company reported adjusted earnings (a non-IFRS "International Financial Reporting Standards" measure) of $23.6 million, $0.14 per share, in the second quarter of fiscal 2012. Net income attributable to shareholders was $18.5 million, $0.11 per share. The Company also reported record operating cash flow of $35.2 million and revenue of $62.1 million based on average net realized silver selling price of $30.48 per ounce.


SECOND QUARTER HIGHLIGHTS AND SIGNIFICANT EVENTS

•Revenue of $62.1 million, up 71% from $36.3 million in the second quarter of fiscal year 2011 ("Q2 2011");

•Record cash flow from operations of $35.2 million, or $0.20 per share, up 140% from $14.6 million, or $0.09 per share, in Q2 2011;

•Net income attributable to shareholders of $18.5 million, or $0.11 per share, a 49% increase compared to $12.4 million, or $0.08 per share, in Q2 2011. Adjusted earnings were $23.6 million, or $0.14 per share;

•Silver production of 1.4 million ounces, a 4% increase, gold production of 2,516 ounces, a 739% increase. The silver-equivalent production (includes only silver and gold) was about 1.5 million ounces. Silver and gold sales accounted for 74% of the total sales in the quarter, compared to 55% a year ago;

•Realized selling price per ounce of silver increased 108% to $30.48 from $14.63 in Q2 2011;

•Completed the acquisition of the XBG silver-gold-lead-zinc mine in the Henan Province, China;

•Expanded the second mill capacity to 2,200 tonnes per day ("t/d") to achieve a total milling capacity of 3,200 t/d at the Ying Mining District, or about 1 million tonnes per year;

•Silvercorp continues to maintain its low cost producer status with a cash production cost per ounce of silver of negative $4.55;

•Repurchased and cancelled 4.5 million shares at an average of $7.90 per share, totalling $35.4 million, through a normal course issuer bid;

•Paid cash dividends of CAD$0.02 per share, totalling $3.7 million for the quarter; and

•Successfully defended the Company against false and malicious anonymous allegations, made in a "Short and Distort" scheme.

Das ganze in aller Ausführlichkeit:
http://tmx.quotemedia.com/article.php?newsid=45962215&qm_sym…

Beste Grüße,
sloop

[sloopjohn]

Antwort auf Beitrag Nr.: 42.300.271 von sven641 am 04.11.11 06:03:08

VANCOUVER, British Columbia – November 1, 2011 – Silvercorp Metals Inc. (“Silvercorp”) plans to release its unaudited second quarter results for the period ended September 30, 2011, on Tuesday, November 8, 2011, after the close of the market.

Silvercorp’s management will hold a conference call on Wednesday, November 9, 2011, at 10:00 a.m. PT/1:00 p.m. ET to discuss the results with analysts. Shareholders, media and interested investors are invited to listen to the live conference call over the internet by going to www.silvercorp.ca and clicking on the conference call link on the home page or over the phone by dialing [phone] just prior to the starting time.

sloop

[sven641]

Wann kommen die Ergebnisse?

Dachte gestern,aber nix gesehen

[keepitshort]

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http://messages.finance.yahoo.com/Business_%26_Finance/Inves…
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http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks…
Only 6-7 million more shorts to cover before SVM is back to its normal 3-4 million short interest. The question is, will we get a short squeeze or just steady buying pressure from short covering?


Also, SVM is still undervalued and should trade in the high $13-$15 range over the next couple of months or so at today's silver prices.
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[Sunray01]

These were "hidden" purchases that were done outside of the market to avoid creating a panic that would have generated an immediate short squeeze. The shorts knew they were fried and probably had to pay a premium to cover their positions.

Das ist ja eine richtige Hausnummer. " These were "hidden" purchases " verdeckte Käufe, um eine short squeeze zu verhindern. Da fällt einem ja nicht mehr viel ein. Zum runterprügeln in WEB waren sie sich nicht zu schade, Eindeckung danach alles klamm-heimlich. Was für eine Schwei...ei
Das kann ja nur ausserbörslich laufen

[keepitshort]

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http://messages.finance.yahoo.com/Business_%26_Finance/Inves…

(..)
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks…
Just to recap for sndk and others that may have forgotten...

The original short attack entered 25 million shares at an estimated entry point of $8.65.

A couple of days after the letter came out the original shorts covered. They were helped by the short pumping newsletters (A*L and associates). The original shorts were able to cover as they were replaced by a new set of shorts. The new shorts entered the market BELOW $7.25 at an average price somewhere just below $7. The new short interest was raised to 27 million shares short.

Since that time there has been more shorting at higher prices and some of the orginals have covered.

All of this was determined by following the money. I downloaded and read every daily short sale report that I could get my hands on every night and correlated it to the sales activity during the open market.

Its not really a difficult task but rather a tedious and time consuming task.

Right now there are 10 million shares REPORTED shorts. This isn't a true reflection as it does not include naked shorts. We have also determined that the 15 million shorts that covered from 25 million down to 10 million were not covered on the regular markets as the daily volumes did not reflect those purchases. These were "hidden" purchases that were done outside of the market to avoid creating a panic that would have generated an immediate short squeeze. The shorts knew they were fried and probably had to pay a premium to cover their positions.

Hope that clears it up for you.

[keepitshort]

it´s just another brick in the wall

Auch der Silberpreis dürfte die nächsten 3 Monate steigen
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Special GGR Excerpt – Silver COT Most Bullish in Eight Years
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As we do with gold, we compare the nominal silver LCNS to the total open interest.  We think that gives us a better idea of the relative positioning of the largest hedgers and short sellers – the Producer/Merchants and the Swap Dealers combined into a single category – compared to all the other traders on the COMEX.  
Just below is the nominal LCNS graph for silver futures.
 
http://www.gotgoldreport.com/2011/10/special-ggr-excerpt-sil…
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[dontoto]

Laut folgender Seite sind nur noch ca. 10 Millionen Aktien Short...

http://www.dataexplorers.com/products/data

Kürzel SVM eingeben

[klaus3132]

Silvercorp Statement From Chairman

Silvercorp Metals Inc. (TSX:SVM)(NYSE:SVM) ("Silvercorp" or the "Company"), of Vancouver, Canada, provided additional comments from its Chairman, Dr. Rui Feng, following receipt of the KPMG Forensic Inc. ("KPMG") report, commissioned by its Special Committee (the "KPMG Report") which was disclosed by Silvercorp yesterday.

Statement by Dr. Rui Feng, Chairman, and Chief Executive Officer:

Immediately following the receipt of an anonymous, threatening letter on September 1, 2011, Silvercorp provided comprehensive and detailed information to refute the anonymous allegations and rumors contained in the letter and subsequent electronic communications. These ill-founded claims, made by admitted short sellers, were intended to manipulate Silvercorp's share price and harm the Company and its shareholders. The Company is of the view that the KPMG Report released yesterday provides thorough, independent confirmation that the substance of the anonymous allegations addressed in the KPMG Report has no merit (the details of the KPMG Report were released by press release on October 24, 2011).

We have fought hard against the anonymous short-sellers' scheme to malign our Company and profit from their short positions. To reassure the market, our board formed a Special Committee, who, among other things, retained the services of KPMG to conduct an independent investigation into the matters addressed in the KPMG Report. The forensic accounting investigation into the matters set out in the KPMG Report was extensive and expensive. From September 6, 2011 when they were retained, until the final report was finished, KPMG expended over 2000 man-hours on the forensic work carried out in Canada and China. Total expenditures to date for fighting this manipulation scheme are estimated at $2 million dollars which includes KPMG Forensics' fees, plus bills for the Special Committee and its independent legal counsel, and other costs.

In addition to monetary costs, my focus and that of my entire management team has been almost completely distracted from our normal business operations over the last two months. Employees at every level of our operations have been concerned and worried with what has happened to Silvercorp, and what may happen to the Company in the face of such serious and nefarious accusations. Fighting this battle has been exhausting! We have demonstrated that there is no fraud at Silvercorp, that we have been unfairly targeted, and that we are the victim of a classic "short and distort" scheme.

We have gone above and beyond all reasonable efforts to deal with this "short and distort" manipulation scheme. The facts and data are available. Our books have been properly audited, we have now been forensically examined as provided in the KPMG Report, and all our transactions have been fully disclosed. There is absolutely no substance to the anonymous allegations. Moving forward we will refocus and concentrate on our business of mining, mine development, and exploration, things that build value for our shareholders.

While we will focus on building value for our shareholders going forward, many questions remain to be answered. (1) Who are the anonymous short sellers behind this short and distort scheme? (2) Who will compensate the Company for the substantial monetary and non-monetary losses incurred to defend ourselves against these non-recourse allegations and rumors? (3) Who will compensate shareholders who were frightened into selling their shares at a loss? (4) How will market integrity be protected from this kind of anonymous short and distort scheme so that no other legitimate companies and their shareholders will be hurt by a similar scheme again?

In closing, we are grateful to our shareholders and employees who stood faithfully by Silvercorp through the last difficult two months. We are also grateful for our Special Committee members whose normal lives and busy schedules were interrupted to investigate the short sellers' anonymous allegations in a timely manner.

About Silvercorp Metals Inc.:

Silvercorp Metals Inc. is engaged in the acquisition, exploration, development and mining of high-grade silver-related mineral properties in China and Canada. Silvercorp is the largest primary silver producer in China through the operation of the four silver-lead-zinc mines at the Ying Mining Camp in the Henan Province of China. The Company is developing its GC silver-lead-zinc mine in the Guangdong Province and recently acquired the BYP gold-lead-zinc mine in Hunan Province. In Canada, Silvercorp is preparing to apply for a Small Mine Permit for the Silvertip high grade silver-lead-zinc mine project in northern British Columbia to provide a further platform for growth and geographic diversification. The Company's shares are traded on the New York Stock Exchange and Toronto Stock Exchange and are included as a component of the S&P/TSX Composite and the S&P/TSX Global Mining Indexes.

Contacts:

Silvercorp Metals Inc.

Rui Feng

Chairman/CEO

[phone] or Toll Free: 1-888-224-1881



Silvercorp Metals Inc.

Lorne Waldman

Corporate Secretary

[phone] or Toll Free: 1-888-224-1881

[phone] (FAX)

[e-mail]

www.silvercorp.ca


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