First Majestic Silver Corp T.AG

Alternate Symbol(s): AG

Metals & Mining Silver

First Majestic Silver Corp. is a mining company. It is focused on silver and gold production in Mexico and the United States. It owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine, and a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, United States. It also owns and operates its own minting facility, First Mint, LLC, and offers a portion of its silver production for sale to the public. The San Dimas Silver/Gold Mine is located over 130 kilometers (km) northwest of the city of Durango, Durango State, Mexico and consists of 71,868 hectares of mining claims located in the states of Durango and Sinaloa, Mexico. The Santa Elena Silver/Gold Mine is located over 150 km northeast of the city of Hermosillo, Sonora, Mexico. The La Encantada Silver Mine is an underground mine located in the northern Mexico State of Coahuila, 708 km northeast of Torreon.

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First Majestic Silver Corp

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Comment by tictactoe111on Dec 27, 2006 12:02pm

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Post# 11923533

RE: Penson paying up for 16000 shares

To a certain extent it's that illiquidity that could do ludicrous things to the FR stockprice when investors are bottlenecking into the sector. Obviously the flip side of that is what we saw when the hedge fund got called on margin and threw the stock at the market a couple of months back. Either way though it can create an artificial stockprice, we had it tested on the downside and it recovered quickly. I do wonder how hard and fast it could go in a frenzied market but I suspect as and when we get to that stage charting the moves will be pointless. Until that point is reached however: