Company Updates From Management – Tue 20 Nov, 2018

Impact Silver – Recapping The PP and Overall Strategy For 2019

Impact Silver is a Company that has shifted more towards exploration this year in response to the drop in the silver price. Fred Davidson, President and CEO of Impact joins me to outline the current private placement and how the money will be used to advance the Company next year. With the focus remaining on finding and mining high grade silver there is also a new gold showing that will be followed up on. Impact has been a successful silver miner but with the drop in silver understood they needed to shift the overall strategy until a more substantial market recovery.

Please email me if you have any questions for Fred regarding the plans for next year or about the financing – Fleck@kereport.com.

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Click here to visit the Impact Silver website.


Comments:
  1. On November 20, 2018 at 9:10 am,
    Matthew says:

    Everyone should know by now how biased I am but I think Fred’s plan is “objectively” exciting. It won’t take much high grade gold production to have a significant positive impact on the share price of a $20M ($15M U.S.) average-grade silver producer.

  2. On November 20, 2018 at 6:37 pm,
    Excelsior says:

    Cory – Thanks for the good interview with Fred on IPT.

    It was nice to get his update on what their capital raise will be used for regarding their exploration, and how they are seeking out higher grade Silver stopes and mixing in some Gold in this $14 Silver price environment.

    One of the draws to Impact Silver is how pure of a Silver mix they had relative to most other Silver miners, so I’m not sure how the shifting focus to Gold will affect investor sentiment looking for pure plays on silver, but it does make sense to improve economics by bringing more of the yellow metal into the mix to improve economics.

    Of course, it would be better not to have to do a capital raise (especially with the warrants attached) right now at this low point in the miners, and instead wait for a rebound and higher share price before raising, which would have been less dilutive; but desperate times call for desperate measures.

    As a shareholder, I’m hoping they hit some enticing high-grade paydirt on this exploration program, so that down the road they have more profitability from mining and can fund their future exploration endeavors from their free cash flows from production (without having to raise/dilute further). Their strategy, however, is par for the course with most miners at this point in the cycle, and most just need to live to fight another day….

    Ever Upward!

    Wishing the Impact team all the success