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Scorpio Mining Corporation T.SPM

Sector: Metals & Mining | Sub-Sector: Industrial Metals & Minerals

Scorpio Mining Corporation through its subsidiary is engaged in the acquisition, exploration, development and exploitation of mineral resource properties in Mexico.
Price: $0.235 | Change: +$0.005 | %Change: +2.17%
Volume: 287,316 | Day High/Low: 0.235/0.21 | 52 Week High/Low: 0.435/0.17
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0 stars

Silver is going up on opening tomorrow am

Glta, maybe we have some legs to finish the year but tomorrow am at least we are going up! Current Spot Silver Per Ounce $16.26 +0.11 +0.68% Nov 20, 2014, 8:19 PM EST  rate and reply
5 stars


I regard the combination of these companies as definitely a positive for SPM and hopefully the share price as well. Like mentioned by many this company is trading below the valuations of more
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Most likely Instinet is covering some shorts. SPM short position spiked to 154,000 as of Nov. 15. Highest in over a year.  rate and reply
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I see Instinet is a big buyer for Scorpio and for USA the last few days.  rate and reply
5 stars

RE:Scorpio / US Silver Merger

Someone is liking it today. Would be nice to see this love affair continue. I have been in and out of this stock for the past 7 years or so. I like the deal - not because I am any great analyst - more
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Scorpio / US Silver Merger

What's the general feeling here from shareholders? Is there anyone who will vote against the merger? Are there any shareholders who think the merger is the wrong move for the company?  rate and reply
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"The merger is fair to shareholders of both companies"

"Both companies and the new company are/will be extremely cheap relative to other silver miners, presenting investors with a unique opportunity. ." See details: more
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Forget about book value - stick with reality value

At current price, this is how it is valued with current low silver pricing environment... with stronger USD, precious metal to stay depressed. Therefore the new merge company is in the tank for more
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RE:RE:RE:RE:RE:Basic value ???

Thanks to the both of you for the explanation.  rate and reply
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RE:RE:RE:RE:Basic value ???

USA share price is about 1.6x higher, plus if you look at the total number of shares outstanding USA has considerably fewer shares out.  rate and reply
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RE:RE:RE:RE:Basic value ???

USA share price is approx 1.68 times higher than SPM share price.  rate and reply
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RE:RE:RE:Basic value ???

Could anyone on this board explain to me why this multiplier (1.68) was applied to US Silver & Gold and not to Scorpio mining.  As far as I know this was never clearly explained.  TIA  rate and reply
5 stars

Replay of Conference Call

Replay of Conference Call Here  rate and reply
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RE:RE:Basic value ???

Bought a bunch of USA today for that 1.68 multiplier buying USA @ .32 is like buying SPM for .19  rate and reply
3 stars

RE:Basic value ???

Based on ball park prices from the a Friday news.  SPM @ $.20 x 198.6mil = $39,720,000 market cap USA @ $.30 x   81.2mil = $25,172,000 market cap    Combined is $64,892,000  rate and reply
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RE:Basic value ???

I get Equity SPM= $141,707,000.00 + USA = $ 110,076,000.00 = $251,783,000.00 / 335,000,000 shares= .75 cents book value. all for .21 cents a share or .32 for USA ( a bit of a discount at the more
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Basic value ???

What is this? basic value at 65m$ for 335m shares when combined !! so 0,194$ per share when finalized! is there something that I don't see or read? wow if it is the final number... currently ,21$ and more
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Presentations  rate and reply
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RE:RE:Clarification on share exchange

Thanks Jonny and Steve for the clarification. it is greatly appreciated.  rate and reply
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RE:Clarification on share exchange

100 Scorpio Shares will = 100 Scorpio Shares. 100 US Silver and Gold Shares will = 100 x 1.68 = 168 Scorpio Shares.  rate and reply

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