Monday, August 10, 2009

SNS Silver Corp.

I'm looking at a possible new trade. Risk is higher so if you decide to invest my advice would be to only use a small portion of your finances.

We're looking at SNS Silver Corp (Public, CVE:SNS). (SNS) which is a Canada-based company engaged in the exploration and development of mineral properties.

Looking at the chart we had alot of sideways action around 0.10
MACD might just do a crossover.









Latest news was about a private placement Aug 7, 2009
http://www.marketwire.com/press-release/Sns-Silver-Corp-TSX-VENTURE-SNS-1027655.html

announces a non-brokered private placement of up to 10,000,000 units at a price of $0.10 per Unit, for gross proceeds of up to $1,000,000. Each unit will consist of one common share and one non-transferable warrant. Each warrant will be exercisable to acquire one additional share for a period of 24 months from closing at an exercise price of $0.20. The proceeds from the private placement will be used for completion of the scoping study on the Crescent Mine and for general working capital purposes. Funds raised may include up to a 10% finder's fees in cash or shares.

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3 comments:

  1. SNS Silver has seen little or no action since my first alert.
    However, according to the latest newsletter they are making progress. I'm still expecting a nice pop. The stock still trades at crisistime lows at or around 0.10$

    Crescent Mine Nears Production

    VANCOUVER, BC - SNS Silver Corporation continues to advance their holdings in the Silver Valley, Idaho. Based on a recently completed 43-101 resource calculation at the Crescent Mine, preliminary discoveries have been conducted for a scoping study and mine development planning. SNS' engineering team is considering several different scenarios in their effort to determine the most effective means of resource development. Additionally, talks have been initiated regarding a number of mills that would provide a mutually beneficial means of accommodating Crescent Mine ore.

    Continues at http://www.miningrecord.com/featured-articles/SNS0709.html

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  2. http://finance.yahoo.com/news/SNS-Silver-Corp-and-Andover-iw-1885868305.html?x=0&.v=1

    VANCOUVER, BRITISH COLUMBIA--(Marketwire - 09/02/09) - SNS Silver Corporation ("SNS" or the "Company") (TSX-V:SNS - News) announces today that both David Greenway, President and CEO of SNS, and Gordon Blankstein, CEO of Andover have agreed on a settlement of Andover's debt to SNS.

    Under the terms of the agreement SNS will receive 4,000,000 common shares in Andover valued at $1 Million dollars plus $1 Million in cash for settlement of the principal debt between the Companies.

    No breakout as of yet. If you're tired of waiting then only sell on up-days.

    Maybe tomorrow and with the latest news some new investors will be drawn into the stock. We shall see.

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  3. Last update on this one.
    Since I started with SNS silver not much has happened to SNS.
    Still more of the same sideways and rangebound action around 0.10

    As of this moment the chart looks a little bit more appeasing to the eye. There are some positive points to mention.
    We've passed the 20 day moving average and hit a 3 week high.
    This really needs to break the 0.12

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