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First Majestic Silver Corp T.AG

Alternate Symbol(s):  AG

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

Bullboard Posts
Comment by whypromoteon Oct 21, 2010 6:29am
370 Views
Post# 17591429

RE: RE: RE: FYI.....

RE: RE: RE: FYI.....Agree with the last 2 posts but the FR story is OUT - look at the volume the last month? Unch. Hot money doesn't give a rats A%$ about fundamentals. We had the same fundamentals at $.80. Now.... Momentum traders. I'm still long some shares but the easy money has been made here. Crowded trade....this Board went from a semi ghosttown to POM POM city. Happens on a run. Feels good - FR shareholders were due. As mentioned previously i bought in on the Morgan pump pre crash in the $3's....then the run to under a buck. Loaded up there ...sold most in the $3's after we could never breakout. We did....left alot on the table. Happens.

Just like SLW...FR has become a proxy for silver. A liquid trade trade in Canada/USA.

Wish we had options. Hedged with SLW and SLV. My point is if you are long - be hedged.

Good luck to all.

p
Bullboard Posts