Silver Hammer Mining
HAMRF (US Symbol)
Trading in the shares of Silver Hammer Mining were halted on September 28, 2023 and remain halted as of this writing on January 25, 2023…(This writer has never seen such a highly touted stock be halted for such a long period of time. Investors weren’t even been able to take a tax loss at the end of 2023. It’s anybody’s guess what’s going on behind the scenes on this one.)
Some Background…
In the fall of 2021, Jeff Clark believed Silver Hammer Mining had 20x potential while acknowledging the stock was speculative. In late October of 2021 the stock had a market cap of around $14.6 Billion (USD) and a price of around 0.43 cents (USD). Lot’s of folks jumped in.
The purpose of this post is not to pick on Jeff Clark. Clark is an excellent mining stock analyst and has a history of a number of great ideas. The purpose is to highlight the risks associated with the junior mining stock sector. The potential is great but the risks are high. And things can change very quickly without warning…
As late as mid 2023, Jeff was still bullish on the stock…
July 18, 2023 – Jeff Clark – The Gold Advisor newsletter
“…assay results from the 2021-22 sampling programs confirmed the existence of a well-developed silver-rich mineral system, also enriched with copper. Once a full-scale drill program gets underway, we’ll find out just how rich it may be. I continue to hold the stock, and if you like the story here today might be a good day to add shares.”
May 31, 2023 – – Jeff Clark – The Gold Advisor newsletter
“The stock is up as I write, but at a mere C$11 million market cap, any positive news this summer could easily ignite it from such a low level.”
April 18, 2023 – – Jeff Clark – The Gold Advisor newsletter
“I think it’s fair to say that this process should’ve been done earlier—but new CEO Peter Ball is aggressively pushing all of Silver Hammer’s projects forward. They have a perfect team in place, with three highly prospective brownfield properties and the prospect of M&A.”
“The $11 million market cap on the stock does not match this potential.”
March 15, 2023 – Jeff Clark – The Gold Advisor newsletter
“If you don’t own it or are considering adding a few shares, the current $10 million market cap offers a very compelling opportunity. I own and remain overweight.”
September 28, 2023 – From the Silver Hammer Mining PRESS RELEASE
“Trading of the Company’s common Shares has been halted as a result of the announcement of the proposed Transaction and the Company expects that trading will remain halted pending closing of the Transaction, subject to earlier resumption upon CSE acceptance of the proposed Transaction and the filing of required materials in accordance with the policies of the CSE, if and as applicable.”
September 29, 2023 – Jeff Clark – The Gold Advisor newsletter
“We are dropping coverage of the company at this time.”
THE INFORMATION BELOW IS OUTDATED AND WAS POSTED IN 2021
Silver Hammer Mining is an early stage silver exploration with 3 highly prospective properties.
Their flagship property is Silver Strand, a former mine in the historic Coeur d’Alene mining district in Idaho.
Silver Strand is an old mine that was only mined to a depth of 90 meters.
Other mines in that area have been mined to a depth of 1800 meters.
Their other projects are the Silverton Mine in Nevada, about 1 hour and 20 minutes from Tonapah…
and the Eliza Project in the Hamilton District of Nevada.
Since doing a private placement in May of 2022, the company has about $3 million to $4 million (Canadian).
Morgan Lekstrom, the CEO, says they are fully funded to complete their exploration plans for 2022.
– May 2022 –
Cash/Working Capital = $3,000,000 (Canadian) to $4,000,000 (Canadian)
No Debt
Shares Outstanding (Fully Diluted) 60,153,200 (as per company website on July 04, 2022)
Market Capitalization $10,600,000 (approximately as of July 04 2022)
Stock Price – Yearly High/Low
Yearly High 0.8601 cents
Yearly Low 0.2109 cents
At the ‘2021 StockPulse Silver Symposium’ held in October of 2021 Jeff Clark was the keynote speaker and he discussed ‘Lakeview Exploration’ which has since changed its’ name to ‘Silver Hammer Mining’.
Below are some screenshots of Jeff Clarks presentation about Lakeview Exploration, and a link to Clark’s entire presentation. Click here for Jeff Clark’s Keynote Presentation at the ‘2021 StockPulse Silver Symposium’
In Jeff Clark’s presentation in October 2021, he indicated his view that Silver Hammer Mining had 20X potential.
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