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6/16/14

Junior mining success, Solvista Gold (SVV.v) edition

Here's Solvista (SVV.v) today, proclaiming the end of one era of success and wonderfulness and the start of a new era of success and wonderfulness:
TORONTO, ONTARIO--(Marketwired - Jun 16, 2014) - Solvista Gold Corporation ("Solvista" or the "Company") (TSX VENTURE:SVV)(SVVZF) announces that effective today Miller O'Prey has resigned as President and CEO of the Company to pursue other interests. Mr. O'Prey will remain as a member of the Board of Directors of the Company. Bruce Durham, P.Geo, currently a director of the Company, has been appointed as the new President and CEO of Solvista with immediate effect.
Commenting on the news, Gerry McCarvill, Solvista's Chairman stated, "on behalf of the Board, I wish to thank Miller for his excellent guidance since the inception of the Company. Under his leadership we have made discoveries at both our projects and successfully negotiated an option agreement with IAMGOLD for our Caramanta project that will ensure the advancement of the project while at the same time protecting the Company's treasury of approximately $4 million. We are well positioned to advance the Company's interests in Colombia or wherever we identify opportunities. Given Bruce's broad experience and Toronto base we anticipate that Solvista will be reviewing a host of new opportunities in both base and precious metals in multiple jurisdictions."
Bruce Durham, the Company's new President and CEO commented, "I look forward to building on the solid base that Miller has created for the Company. We have two excellent projects in Colombia, with Caramanta currently under option to a major mining company who continues to aggressively explore the project and plans to commence drilling in the third quarter of this year. In addition, the high-grade gold-silver discovery made in 2012 at our Guadalupe project warrants further exploration. We will continue to review new opportunities with a view to expanding the Company's portfolio of quality projects."

Excellent guidance. Quality projects. Successfully negotiated. Well positioned. New opportunities. You'd think from all that we're witnessing the handing over of the baton from one winner to another, now wouldn't you kind reader? So let's check that there chart now:


Oh, just the 75% down since the start of 2013, is it? 

A mere trifle I'm sure. 

Because winning.

And don't think I'm picking the timeline on that chart too carefully either, as just three months previously to the start of this one (Sept'12) SVV.v was trading 50% higher than on January 1st 2013. So here's a special message for SVV.v and all other juniors who continue to lipstick their pigs in this way: You're deceitful little shits the lot of you and need to learn how to...