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A sobering month for Fortuna Silver (FSM) fanboys

Let’s be gentle with them and not do the 12-month chart commentary…

…instead, just the last couple of months:

It’s sobering to consider that even those people who bought Fortuna Silver (FSM) when the company announced (or perhaps better said “claimed“) it had received its San José permit are now underwater on their position. Every buyer who took FSM’s word on things now being okay has done at least 10% of their money, what’s more silver prices have risen since then.

Take your time and think about it. After all, it’s your money and you’re free to spend it the way you want.

8 Comments

    A Beaten Down Prospectors Cabin In The Woods The Deep Dark Woods of British Columbia 29/01/22 1:31 pm

    Investing in any Mexican Gold or Silver mining company that’s actually producing Dore bars or very high grade concentrate (not just poking holes in the ground to sell lottery tickets) … is probably alot more risky than the Rick Rules of the world are fluffing it up to be ……

    https://www.youtube.com/watch?v=I3wQMNMma6g

    Reply

    Not speaking to Fortuna specifically, but dollar strength is going to put a premium on exports priced in dollars, oil and metals primarily. As emerging markets crack, as we saw in Asia in 1997, these exports are going to keep populations Fed and governments afloat. They may regret playing games with mine production for political reasons.

    Reply
    Jerry Los Angeles 30/01/22 1:25 pm

    a
    Yesterday, according to Investor Relations, the San Jose permit has been granted.
    What’s the mystery?

    Reply
    Jerry Los Angeles 30/01/22 2:21 pm

    Why is the question a joke?
    If the permit hasn’t been granted please provide some proof other than some kind of blabber.

    Reply

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