Silvercorp....Kaboom!
If it felt a little like a ghost site the past 24 hrs it's because I was away for that time period.
Gordon did a great job covering my back and he was rewarded accordingly with Silvercorp going up over 12% today!!
The volume was much, much higher than average at over 1.6 million shares trading hands.
I hope you had bought Silvercorp sometime in the past couple months I have been touting it as my #1 (silver) pick.
This news that came out today about the mine permit was the last possible overhang that I can think of that could keep some people from buying it.
But now, I am predicting that there will be a huge rush by fund managers and the big boys to get their hands on Silvercorp.
And I can't blame them, it is the best possible silver growth stock on the TSX!
But, too bad they didn't pick it up when I was recommending you to buy it more than $12 ago!
I have averaged up several times now on my own holding of Silvercorp and I will continue to do so as long as Silvercorp continues to go up.
When/if we stop/slow down, then I will think about what to do next.
But right now, the next stop is $25...and it's coming much sooner than you might expect.
What will continue to drive Silvercorp's share price forward?
Well I think the Amex listing will get many American Investors in on the game. Next, you should count on many future positive drill testings from other veins on the Yang property. Also, Cathy hinted that Silvercorp has a few year window in which it can acquire further high quality Silver properties in China at fair prices.
Plus, even though the share price is up over 200% in 2-3 months, Cathy and Rui haven't sold a single share! Why? They know it's going higher!