Impact Silver IPT.V

[coach247]

The trend of completing PPs at lower prices is unhelpful to the capital structure. And I would add, the rhetoric from the company after each placement always states: the money will be used to fund exploration... How many millions of dollars of PPs and tens of millions of newly issued shares later, and how many drill holes actually completed? Sitting on that big cash balance and talking ambitious about programs that never really get traction is just more excuses for weak performance. I would add there are non-cash expenses associated with every placement that further undermine the operating results of the company and put yet another dent in the market value for the stock. Why aggressively accumulate a company that is lucky to break even every year but the lead agents of these share offerings are making bank on dealer warrants and commissions.
cheers!
mike

[mobax]

shyte!
Fully diluted 233,176,976 before latest financing

That's a pretty shitty number if you ask me. Dilution is the solution??
Oh no, that's for harmful chemicals, my bad.

[waldipup]

"Fully diluted 233,176,976 before latest financing "

Yep , and without the increased output to justify it .
Could'a cleaned up in the last runup over a buck ,
Now Warrants expired and no cigar .
Next silver runup will wave goodby to all shares .

FSM seems to have legs .

[muskoka]

shyte!
Fully diluted 233,176,976 before latest financing

[muskoka]

I remember Darrell being totally disgusted or maybe just frustrated at Fred
for prioritizing Energold Drilling over Impact, and the share dilution of IPT way back then

glad I got out of all my positions several years back to hold just physical silver
what a source of frustration for most investors

Doug

[waldipup]

I'm disgusted with this company .

I've never sold a single share and will not , but will not buy anymore of what are now diluted shares either .

[coach247]

More dilution and another kidney punch to the market value for current shareholders: https://ca.finance.yahoo.com/news/impac ... 00977.html

I think this is a mistake. But as a long term shareholder I wonder, why would IPT make a statement recently of how strong the treasury is with all that cash, if they just go out and raise more money in a placement? Is it strong - then dont raise anymore fucking money. If you do not have enough, do not tell the market your cash position is so strong.

Whatever. I am just disgusted with the entire sector at this point.
cheers!
mike

[coach247]

Looks like maybe the plan for another PP near the all-time lows is on hold for now? Some big bids started appearing and now IPT has recovered back to where it was before this nonsense was being discussed. I still consider 23 cents to be ludicrously cheap for this story but I suppose when the company is just sitting on a huge cash position and not even achieving their own objectives for exploration ambitions it makes sense. Why hold a dead stock that is paying out all income to senior management that barely holds any shares, while loyal shareholders have been left to wither on the vine year after year? Pandering to institutional investors that puke stock on a whim, and can expect to reload on cheaper offerings on command is not the strategy for a serious company to grow. I do believe that IPT management deserves credit for surviving this dreadful extended bear market and maintaining operations from small-scale production for so many years. The opportunity to deliver on a growth plan is at hand with the new acquisition. Do not just sit on a cash balance and hide under your desk to keep getting paid! Get to work and create something to warrant a higher market cap...
cheers!
mike

[coach247]

I was actually on the phone with IR when this news was posted: https://impactsilver.com/investors/news ... ng-income/

Q3 2023 and YTD Highlights:

The Company completed the final rehabilitation stages during the quarter to bring the Plomosas high-grade zinc mine back online subsequent to quarter-end
After investing $3.8 million in exploration expenditures and mining assets during the quarter, the cash position remained strong at quarter-end at $8.9 million with working capital of $8.7 million.
YTD the Company has invested $7.3 million in exploration and mining assets of which $4.9 million was spent at Plomosas toward start up of operations.
The Company continues to have no long-term debt.
“Despite a challenging market, we are pleased with the performance of the Company in 2023. We have countered stagnant and declining commodity prices by substantially increasing our gold production while recently bringing online the transformative high-grade Plomosas zinc mine that will meaningfully diversify revenue and contribute to profitability as production continues to ramp up. With an eye on cost controls amidst a difficult inflationary environment coupled with a strong Mexican Peso, we continue to invest in exploration to improve silver grades at Zacualpan while aiming to grow our zinc resources and output at Plomosas” said Fred Davidson, President & CEO.

I am very frustrated with a lot of short-term issues related to IPT but I do think the Plomosas mine is a good acquisition once all the non-cash items and back-end payments are resolved. It will take a few more quarters before they start earning serious cash flow from the operation and I expect some negative surprises to emerge too - there ALWAYS are with any project that was put on care-and-maintenance by previous cash strapped operators. Nonetheless it will look good soon enough as a significant revenue generator, and Fred has a history of wringing maximum efficiency from smaller production, historical mining centers.

If IPT can avoid doing yet another dilutive financing there is plenty of room to run from this price range. I suspect long term existing shareholders get thrown under the fucking bus yet again so the funds can plunder the market value of this company with one more cheap financing deal. Maybe then in 2024 the rest of us get to see a gain on our investment. I have not sold a share which makes me the biggest sucker in the history of junior investing after the way this stock has performed for the last 5 years.
cheers!
mike

[coach247]

More than 2 million shares trade today and down about 10% on no news, while the rest of the sector was ripping higher. This does not inspire confidence and I wonder if some issues are surfacing as operations resume at La Plamosa. Its always something. That said, it does seem to be a very good buying range to add here ahead of what I believe will be a great start to 2024. I cannot believe Fred is doing yet another PP and that would be the only explanation that makes sense for this move. Or, some influencial blog is throwing shade on the company, for whatever reason. I am not about to rush in and buy until I know what the fuck is going on. It could just be a fund dumping stock and if so, that would be just one more reason why I am disgusted at the sweetheart financing deals IPT has arranged to give cheap shares to funds that have no loyalty.
cheers!
mike

[coach247]

News out: https://ca.finance.yahoo.com/news/impac ... 00243.html

Following the acquisition of the Plomosas mine in April 2023 (see IMPACT news release dated April 3, 2023), the Company embarked on an extensive rehabilitation and upgrade program at the site, including inside the mine, at the mill and on all associated mobile equipment and infrastructure. As well, new technical and supervisory staff were added to restart production which had been halted since late 2022 under the previous owner.

Fred Davidson, President & CEO stated, "This is a tremendous milestone for our Company as we embark on our next phase of growth. When we bought the Plomosas mine earlier this year, we remained steadfast in our ability that we could bring the asset back into production on time and on budget. I would like to thank our exceptional technical team for a job well done. Our shareholders can now look forward to a diversified mix of high-grade zinc at Plomosas in addition to our legacy silver producing assets at the Royal Mines of Zacualpan, which are now in their 17th year of continuous production and revenue generation."

The Company has reached a significant milestone in shipping the first concentrate to the smelter after restarting production following an intensive effort initiated just five months ago. Mine planning and rehabilitation have been ongoing over the summer including replacing underground equipment and dewatering activities inside the mine. Scoop trams and underground trucks have been actively extracting material with volume increasing on a regular basis as initial processing levels have been achieved at the mill.

All I want to see is that the new mining is profitable. I could care less about all the other platitudes and qualifiers that will be thrown around. This was an expensive acquisition and its the gift that keeps on giving because IPT is obligated to pay out a significant share of the cash flow from operations as part of the deal. These transactions are messy and often the acquiring company ends up holding the bag, paying for all capital costs to restart operations and then recovering almost nothing in earnings on the back end. It could be a very profitable deal at the right time, which pushes IPT above that 'small miner, limited resources' category which has held it down for a long time. Too soon to call. Getting production underway is a good start.
cheers!
mike

[coach247]

https://www.newsfilecorp.com/release/18 ... mbol-ISVLF

IMPACT Silver Commences Trading on the U.S. OTCQB Exchange Under the Symbol ISVLF
Vancouver, British Columbia--(Newsfile Corp. - October 2, 2023) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) ("IMPACT" or the "Company") is pleased to announce that its shares are now trading in the USA on the OTCQB Market under the symbol "ISVLF". The Company's shares also continue to trade in Canada on the TSX Venture Exchange under the symbol "IPT".

[coach247]

Quarterly results out: https://www.newsfilecorp.com/release/17 ... ing-Income

Vancouver, British Columbia--(Newsfile Corp. - August 28, 2023) - IMPACT Silver Corp. (TSXV: IPT) (OTC Pink: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") announces its financial and operating results for the second quarter ended June 30, 2023. The Company reports revenue of $5.5 million in Q2 2023, representing a 57% increase over revenue of $3.5 million in Q2 2022. Mine operating income (before amortization and depletion) in Q2 2023 was $0.90 million compared to $0.03 million Q2 2022. The overall improvement in revenue is due in part to increased gold and silver sales. The net loss in Q2 2023 was $0.9 million compared to a net loss of $0.8 million in Q2 2022. The net loss in the period includes $0.5 million for G&A costs related to the new Plomosas acquisition as well as one-time costs related to the marketing of the Company's recent non-brokered private placement.

The Company maintains a strong balance sheet with $13.7 million in cash and no long-term debt. During the period, the Company completed a $9.0 million, non-brokered private placement and ended the quarter with working capital of $13.3 million.

Q2 2023 Financial Overview

On April 3, 2023, the Company paid a total of US$6.0 million to acquire the Plomosas zinc-lead-silver mine, consisting of US$3.0 million in cash and the balance in the form of IMPACT shares (a total of 11,441,647 shares were issued and are subject to certain restrictions). Post closing adjustments are being made based on changes in working capital, as agreed to between the two parties.

Revenue in Q2 2023 was $5.5 million, up from $3.5 million in Q2 2022. No revenue in Q2 2023 is attributed to the new Plomosas mine acquisition.

Mine operating earnings before amortization and depletion in Q2 2023 was $0.90 million, compared to $0.03 million in Q2 2022.

The net loss in Q2 2023 was $0.9 million compared to net loss of $0.8 million in Q2 2022 The net loss in the period includes $0.5 million for G&A costs related to the new Plomosas acquisition as well as one-time costs related to the marketing of the Company's recent non-brokered private placement.

After investing $2.8 million in exploration expenditures and mining assets during the quarter, the cash position remained strong at quarter-end with $13.7 million with working capital of $13.3 million.

During the quarter, the Company closed an oversubscribed, non-brokered private placement for an additional $9.0 million.

The Company has no long-term debt.

Q2 2023 Production Overview

Mill throughput in Q2 2023 was 35,753 tonnes compared to 37,183 tonnes in Q2 2022.

Silver production during the period increased by 1% to 155,744 oz compared to 154,001 oz in Q2 2022 while contributions from lead and gold saw production increases on a year-over-year basis of 49% and 383%, respectively.

Revenue per tonne sold was $155.67 in Q2 2023, representing an increase of 63% over the same period in 2022 of $95.44.

Direct costs per production tonne were $130.67 in Q2 2023, representing an increase of 38% over Q2 2022 costs of $94.86 per tonne. Much of this increase is due to foreign exchange, with the balance coming from inflation-related pressures in Mexico.

cheers!
mike

[coach247]

It looks like some of the holders of that last placement from the spring are jumping ship today now that the offering is free trading. More than half a million shares dumped so far today and IPT is back to a 52wk low. It is always something in this fucking sector. I hope its only just the institutional clowns dumping paper because otherwise there may be some very bad news lurking behind the scenes to account for this on a day when the market is usually somewhat quiet.
cheers!
mike

[SAPlayer]

Silver is still reasonable at $23 but all silver miners have taken one on the chin no doubt... fall will be better?

To be fair IPT's balance sheet is rock solid.