You may not remember this post back in March that looked at the participants of the placement ran at the time in Southern Silver (SSV.v), but basically it noted that Electrum Group looked as though it was making a long term bet, while various hangers-on getting ready to make a short-term killing on the back of the bigger sponsor.
And so to today, with this NR on Electrum buying into one of the specific SSV.v projects and this NR announcing a new round of financing for insiders. IKN would again like to make crystal clear its opinion of Electrum’s position compared with the opportunists who’ll drive the upcoming promo, as from what we see the bigboy player is actually in this to try to do some real development and discovery work on the SSV project, thereby going for longer-term gains. The others milling around, less so. It’s going to be interesting to watch how this one pans out the in the weeks to come, if only as a case study in how retailers get raped by a corrupt system. Let’s see how the pump runs come end June/early July, when those first placement shares come out of escrow.
