First Majestic Silver Corp C.AG.UN

Primary Symbol: 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

Comment by OptsyEagleon Jan 26, 2011 3:58pm

194 Views

Post# 18030676

RE: RE: RE: RE: RE: RE: RE: RE: Debentures

Add to my ' suggestion :
list the warrants on the tsx, or one of the junior exchanges, giving 'us' the option of holding and possibly exercising, or selling for cash.

-------------------------

Tannin, if you get your money back you will have done well. I think at this stage that offer of 100 cents on the dollar will seal the deal with the majority of convertible holders, I cannot see the other creditors giving you much more.

If they want you to refinance, any offer of warrants would only be in lieu of a higher interest rate or a higher conversion price, which of course would make your bonds less valuable by probably the same order to what your new warrants would be worth.

So, hopefully you understand that whatever package they give you it will unlikely be worth more than simply 100 cents on the dollar, they just might package it differently for you. I hope that helps.

Bullboard Posts

Paramount Resources signs $3.32 billion asset sale