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First Majestic Silver Corp T.AG

Alternate Symbol(s):  AG

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

Comment by stocktraderguy1on Jan 14, 2021 3:50pm
140 Views
Post# 32299169

RE:RE:the shorts are screwing themselves..

RE:RE:the shorts are screwing themselves..

you mean 7.5% ,,, plus the 20 million shares shorted last year right?... so add 300,000,000 USD  then re calculate your number and get back to me.
 

I could just as easily say the low for the year was 4.17 and its trading at 12.50,, so almost a triple... and you should also include the value of the shorts added right....so thats over $15.... near 400%....

every argument that you repeat constantly... fully confirms my thinking that First Majestic is undervalued... $2.73 at an absolute min for the Shorts currently sold... realistically closer to $4-5 to actually buy the shorts back... remember the short squeeze...

the more I look into it.. the more I am convinced that AG has been the target of predatory short selling,, and I am not saying the shorters are worried... I could care less...

REALITY is those shares when bought back will re-inflate at the value of the SP taken out... currently $625,000,000 USD

I dont see you argueing that,

I agree that the tax issue likely contributed to the short position,,, by now that should be fully baked in months ago...

The tax issue WILL BE RESOLVED... and even if they lose which looks unlikely they have already aborbed the SP hit and any run down will quickly be countered with profits.

Nobody cares what people project as possible future silver prices. I am sure you will not gaurantee that silver never goes over $100...will you? Cause I will take that bet.

 

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