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First Majestic Silver Corp T.AG

Alternate Symbol(s):  AG

First Majestic Silver Corp. is a mining company. The Company is focused on silver and gold production in Mexico and the United States. It owns and operates approximately 350,000 hectares of land package, which include the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, the La Encantada Silver Mine, and a 70% joint venture interest in the Cerro Los Gatos Silver Mine as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, United States. The San Dimas Silver/Gold Mine is located over 130 kilometers (km) northwest of the city of Durango, Durango State, 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. The Cerro Los Gatos Mine is located around 120 kms south of Chihuahua City, Mexico.


TSX:AG - Post by User

Bullboard Posts
Comment by touaregon Nov 29, 2014 5:02am
240 Views
Post# 23176686

RE:RE:RE:RE:RE:RE:RE:RE:RE:New 52week lows for FR

RE:RE:RE:RE:RE:RE:RE:RE:RE:New 52week lows for FR

Howdy Gary.. I am glad you held on to reap the benefits of your pp shares.. i remember your frustration back in the early days when it seemed we would have to wait forever for the share price to truly reflect the phenominal growth acheived in those early years.. 

You are spot on about oldfx.. he is a professional and a voice worth listening to in a wall of mostly useless noise.. and someone I have learned a great deal from.
..and yes I agree with you about the coming times.. The role of PMs as a safe haven has virtually been forgotten in todays casino style markets but those who do take the time to educate themselves and act on it will give themselves an advantage when TSHTF!

You echo my sentiments exactly regarding Keith.. of course no one is immune from making mistakes and past success does not guarantee future success but I am sure those of us outside the company offices don't know the half of what is going on behind closed doors. During times like these it is far too easy for people to make assumptions and jump to conclusions. I'm sure Keith is keenly aware of the reality of the current situation and will be doing everything in his power to rectify the situation. Like you I certainly would not bet against him and the excellent team he has built around him.

There are two things that have not changed one iota in my book:

1) The secular bull market in gold and silver is intact.. sure we are in a bear phase right now but once it finally bottoms and capitulation is complete it will resume and most likely will surprise even the gold and silver bugs.. previous highs will be taken out and non-believers will be left in the dust! Siver will take out $100 per oz.. and some.. easily.

2) FR will survive and current share prices will turn out to be gift.

I certainly have every intention of putting my money where my mouth is.. having said that I have learned to be very patient and cautious and will ease my way back in with stink bids on those red days that the sector has become so familiar with these days!

Bullboard Posts