Avino Silver and Gold Mines Ltd (ASM) Quote

https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=asm&insttype=&freq=1&show=&time=8

I suspect another loss for Q2! If base metals prices do not recover they will resort to dilution or sale!

Cash burn is concerning. 2-3Q at current burn rate. They are going to need to consolidate with someone soon to survive.

Quarterely Report,

"Strong Q4 Financial Results Following Production Restart

Highest recorded revenues since Q4 2019, with revenues of $9.3 million generating $4.4 million in mine operating income, earnings per share of $0.03 and operating cash flow generated (pre-working capital adjustments) per share of $0.04."

Reading the report it looks as if they paid their debt down to zero, and are generating a nice profit. Forward PE would be at 8.0 at $0.96 a share on the Amex. This is a silver mining company, but gold, copper, lead, etc come right on out of the ground with the silver. They got these results with avg silver at $24 oz. Silver is north of $25 oz, and has been for days. A buy rating was just issued with a target of $1.50 which would easily take out the $1.31 52 week high. Going back to $0.61 or moving up from $0.96? I'd say with silver prices what they are it's going to move up.

You have a company that has spent all it's money and then some!

If they are forced to shut again, takeunder!

Production costs are higher than market price for the metal!

Now 0.83 cent

#ASM: WHAT DO WE HAVE HERE... 0.93

6 Month MDA Charts Showing Bearish Trending

* * $ASM Video Chart 02-01-2021 * *

Link to Video - click here to watch the technical chart video

Taking a quickie here 1.77 -1.84

$ASM is screaming for the top as Wall Street Bets places their next bet. Gains are at 150% and the short squeeze is just beginning. https://cnafinance.com/asm-stock-avino-climbs-as-reddit-eyes-silver/

$SVLKF will run today !!!!

Wow ...

Shares Outstanding 5 89.57M
Float 85.86M
% Held by Insiders 1 3.23%
% Held by Institutions 1 3.53%
Shares Short (Jan 15, 2021) 4 1.05M
Short Ratio (Jan 15, 2021) 4 0.69
Short % of Float (Jan 15, 2021) 4 1.21%
Short % of Shares Outstanding (Jan 15, 2021) 4 1.17%
Shares Short (prior month Dec 15, 2020) 4 708.54k

Avino Reports 60% Increase in Measured and Indicated Mineral Resources to 75.9 Million Ounces Silver Equivalent at the Avino Property

https://finance.yahoo.com/news/avino-reports-60-increase-measured-114500631.html

Looks like I lucked out picking ASM ... +51%

ASM looks like a nice play. grabbed some 1.25s premarket here ...

Silver & Copper current Prices maybe putting the floor in 2021 ..Gov't adding $3 Trillion to National Debt weaken U.S.$$'s

Silver & Copper current Prices maybe putting the floor in 2021 ..Gov't adding $3 Trillion to National Debt weaken U.S.$$'s

Watch dddx

Nice dip, back in.

Boom time.

I added back to my position today. Should go back above 1.20 with gold on the uptick.

more to come

Huge Volume

Turning positive

ASM Appears to own strong technical promise. Cut and paste this url to your browser to see. https://stockcharts.com/public/1164099

Awesome gains over the past few days here.

.5689 at the close, Q1 615,019 oz Silver equivalent production


Quarter 1


-- Gold production 1,813 oz
-- Silver production 268,399 oz
-- Copper production 1,062,702 lbs

10/16: ASM Maintained at Buy by H.C. Wainwright (Dow Jones)

The stock is forming a nice base in this range. We should hit at least .80 later this month.

ACCUMULATION very high on Daily...

Dilution at 65 cents.

Can someone please tell me why the stock price dropped substantially? What happened? Thank you

8/28: Avino Announces Commencement of Drilling at Bralorne and Exploration Update (PR Newswire)

8/9: ASM Sales $9.176M Beat $8.73M Estimate (Benzinga)

Join the bidding war for RPMGF!

we cam back

I almost had heart failure but at the same time I was happy happy happy!! I had sold out when I seen the pps dropping the other day. My thoughts were well....... I should have not sold! Then today happened and i thought......... dang I'm lucky!!! what a kick in the butt cheeks!! I missed it by only hours!!! I had kept one share as always so I can see what is going on with a stock everyday. Unreal!!! not sure if I will buy back in again for now? Holding off for a while. Good luck to everyone. Just luck I sold 1,499. JMO

It is because of the following. Shares issued at 1.57 and option of warrent within 36 months for 2.00



Avino Silver & Gold Mines Ltd. (NYSE: ASM) announces it has entered into an underwriting agreement dated November 21, 2016 (the "Underwriting Agreement") with Cantor Fitzgerald Canada Corporation, as sole bookrunner, and Rodman & Renshaw, a unit of H.C. Wainwright & Co., LLC, as lead manager, and certain co-managers (collectively, the "Underwriters"), to purchase, on a bought deal basis, 6,370,000 units of the Company (the "Units") at the price of US$1.57 per Unit (the "Issue Price") for aggregate gross proceeds of approximately US$10 million (the "Offering") in Canada and the United States of America. Each Unit will consist of one (1) common share of the Company (the "Common Shares") and one-half (1/2) of one common share purchase warrant (the "Warrants"). Each whole Warrant will be exercisable for a period of 36 months after the closing of the Offering and will entitle the holder to purchase one (1) additional Common Share at an exercise price of US$2.00, subject to adjustment.

Something about a $1.57 stock price issued to some underwriter as part of a warrant.

ASM

the market finally read my post from months ago predicting 1.50

ouch..what happened???, we were doing nicely then today down like a disaster..what the heck is going on????

OUCH! Check out that news on the warrant!

ASM

Well asm has moved up nicely my other stock has fell in pps recently, I think it moves up also soon? JMO PA@S

Well here I am talking to myself but I was able to sell some of those same shares I picked up for a nice gain!!! Still holding onto a small pile! Lets see $3.00 pps? might happen? JMO

Have a few more, and I picked up some shares of another silver mining company that is suppose to do well also? Time will tell. JMO

on track to target around 1.50
temp bounce from 1.80s shortly......

Well, been buying shares again. Not sure if I'm early but having mining stocks of silver and copper, and gold I think is a wise choice towards the end of the year? Guess we find out. JMO

read my previous posts here.
we are currently in correction/consolidation of bull metals market.
asm will likely retest previous highs from last spring in 1.60s, and then head higher.