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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 tictactoe111on Jan 22, 2021 12:09pm
150 Views
Post# 32359820

RE:RE:What’s Up With The Short Position On First Majestic Silver:

RE:RE:What’s Up With The Short Position On First Majestic Silver: Not so much big balls, just deep institutional pockets and a preference not to book the loss more likely. Many years back I knew a Credit Suisse trader that just kept feeding a hugely toxic position in GBP, for years with the banks support. Managed to get out in the 07/08 crash camouflaged by the chaos, HUGE loss.

Back to the video I thought quite optimistic the comment about the tax issue precedent, albeit vague on comparative detail.

This won't help the shorts and it is someway off, but worth knowing: https://www.youtube.com/watch?v=O4DeNbm1BNU
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