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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 peruchocanuckon Apr 24, 2013 4:41pm
126 Views
Post# 21296687

RE: Two comments

RE: Two comments

A couple of comments for Sandy:

1) You conveniently forget to mention about the 7.9M debt due July 1st that RXE brought to this deal, so when you say that putting the worst face is to assume we gave 30% of stock for nothing, you are wrong, the worst case scenario is we gave 30% of stock for a  7.9M liability due on July 1 and with silver @ 23 

2) "...with 30% shares fewer outstanding the price would be 30% higher"

This is a very simplistic statement, this is not pure math, there are also other factors that are affecting the share price, the main one being LOST OF TRUST to the BOD because all their lies, including a synergy that never happened, getting cheap options for nothing, etc etc etc.....so without the merge I would say the SP would be at least 60% higher, if not more.....

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