Typically if the termination is mutual and amicable, this is disclosed in the press release. These are questions which the management should have already have received from other analysts and therefore would be prepared to answer them from me.įirst, and an issue that was at the top of my list of questions, was the sudden and unexplained resignation of the Chief Financial Officer: CFO's Employment Agreement Is Terminated. For me, not returning investor inquiry phone calls is a cardinal sin for any company - especially for small-cap companies with limited PR budgets - and it is a huge red flag for me as an analyst.Īs a consequence of this red flag being hoisted, I decided to take a closer look at some of the issues that I had determined needed some explanation from management. Some of them call or email me unsolicited when they have updates to report. In fact, typically with small-cap junior mining companies, senior officers of companies with larger market caps than Minco Silver will pick up their phone directly if they are available. Never in close to thirty years of researching companies has a phone call to a company not been returned in a timely manner. Based on these two observations, I believe that it is likely that the author also did not have any direct conversations with management. On an issue that requires explanation beyond press releases and website material, the author references the Company's 1st quarter MD&A. In the bullish report linked above, the author does not reference any direct conversations with management.

Not only were my calls never returned, I did not even get a courtesy call-back to set up a time for a phone conversation. Over the course of the past two weeks, I left several detailed voicemails with Jennifer Trevitt, the investor relations contact. Unfortunately, that opportunity never occurred. However, in my research of the publicly available information, I had several questions that needed to be addressed by management. If you read through the bullish report linked above, you'll see all of the factors that would lead an investor to conclude that Minco Silver is significantly undervalued and represents a tremendous value investment opportunity. Based on my experience as a financial analyst and trader, I can point to several problematic issues which lead me to conclude that investing in Minco Silver should be avoided.

However, I ran into a roadblock which coerced me into reassessing several factors about Minco Silver which had initially raised some red flags with me. Coincidentally, I was in the process of researching and conducting due diligence on Minco Silver and, on the surface, was on the way to reaching similar conclusions as the above analyst. Recently a report about Minco Silver ( OTCQX:MISVF) was published on Seeking Alpha which concluded that the market is mispricing the Company's stock based on several factors: Minco Silver Has Significant Potential.

Minco silver stock