After announcing a C$5.3M investment at February 23, 2022 at a share price of C$0.59 in Dolly Varden Silver (DV.V)(DOLLF.US), maintaining their equity interest at 10.25%, Hecla Mining (HL.US) decided to invest further in the company, as part of a larger round led by Eventus Capital and Research Capital, which also saw other existing shareholder Eric Sprott participating again.
After a failed hostile take over attempt of Dolly Varden Silver (DV.V)(DOLLF.US) in in the past, Hecla Mining (HL.US) now resorts to maintaining their pro-rata equity interest in the company these days, as it exercised its anti-dilution right regarding the Homestake Ridge transaction.
At a point where the COVID-19 pandemic is playing out the Omicron variant, inflation is reaching levels not seen in decades, the Fed surprising the markets with a more hawkish stance than anticipated, with metal prices at very high levels although gold and silver seem to be consolidating and setting up for a breakout, The Critical Investor was asked again by Streetwise Reports to provide his top picks for the new year.
Sometimes you come across companies that are well financed, have good assets, strong backers and management, but don’t seem to get much traction during a tough commodity market. Dolly Varden Silver (DV.V)(DOLLF.US) fits that bill nicely, but after a correction in the silver price its management decided it was time to do something bold to set itself apart from the crowd.