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.

TSX:AG - Post by User

First Majestic Silver Corp

Bullboard Posts

Post by musingon Mar 05, 2008 4:11pm

518 Views

Post# 14602542

Haven't See The Release But

Someone posted that it was a $45 M bought deal and someone else indicated that this wouldn't cause a halt. Well, I have another stock, BIM, which was halted today and the announcement was a bought deal.

If it is indeed a bought-deal, its a good sign that FR can get a bought deal in these markets. Of course, I'm not surprised given FR's prospects. It will be interesting to see the price/share for the bought deal. Often these sorts of deals set a "floor" on the share price, not a formal floor or hard floor but a resistance level. Of course, more important than anything is the price of silver.

Looking forward to confirmation.

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