Wednesday, September 14, 2011

Raymond James defends Silvercorp...

Raymond James is defending Silvercorp (SVM) following a fraud investigation from Canadian regulators, and a negative report from Alfred Little. The firm thinks a Chinese mine brought up in Alfred Little's report is a quality asset, and believes the recent decline in Silvercorp shares presents a buying opportunity.

We mentioned this story yesterday as Silvercorp's stock was falling.

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