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Americas Gold and Silver Corporation T.USA

Alternate Symbol(s):  USAS

Americas Gold and Silver Corporation is a Canada-based precious metals mining company with multiple assets in North America. The Company owns and operates the Cosala Operations in Sinaloa, Mexico, manages the 60%-owned Galena Complex in Idaho, United States, and is re-evaluating the Relief Canyon mine in Nevada, United States. The Company also owns the San Felipe development project in Sonora, Mexico. The 100%-owned Cosala Operations are located in the state of Sinaloa, Mexico and consist of about 67 mining concessions that cover approximately 19,385 hectares (ha). The 60% owned Galena Complex is located in Idaho’s Silver Valley. The Relief Canyon Mine is located in Pershing County, Nevada. The project encompasses an open pit mine and heap leach processing facility. Its landholdings cover approximately 25,000 acres, which include the Relief Canyon Mine asset and lands surrounding the mine in all directions. The San Felipe silver-zinc-lead project is located in Sonora, Mexico.


TSX:USA - Post by User

Comment by bob4977on Sep 10, 2012 10:34am
248 Views
Post# 20342078

RE: RE: RE: On the negative, and positive, side...

RE: RE: RE: On the negative, and positive, side...

Sandy, It is not that management is forcing the price down to get cheap options, its that they are taking advantage of poor market conditions to get cheap options. The recent rise of 30c in the stock price has little to do with management performance and plenty to do with the surge in silver prices. Regardless, management is 30c per share richer now. USA were not the first company to take advantage of depressed prices to issue options. I doubt they will be the last either. I would like to see something like options being priced at the higher of yesterday's closing price or the 90 day average. As far as I am concerned this is an industry problem as opposed to a USA problem. My solution would take less money out of my pockets and straight into management's.

Bob

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