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.

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First Majestic Silver Corp

Bullboard Posts

Comment by HCI_STEELon Mar 31, 2011 1:38pm

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Post# 18368105

RE: Earnings Out

The lenders forced them to adjust the exercise price of the 3M warrants and certain other terms. Sure hope AG didn't impair the ability to repay the converts by agreeing to some term that would in any way impair repayment or you'll find another class action lawsuit, this time by the convert holders!

I didn't see the new agreed exercise price listed anywhere (formerly 4.00) so why keep that detail silent? It's not like it is confidential info since they had the former price listed. THAT info would be telling as to where they think the unit price is going.

We'll see if they say anything during the 'no questions asked' conf call!

Bullboard Posts

Who, why, and what of the great "Crypto Surge"