RE:RE:Let's play the 'strategic acquisition' game I believe Keith N is a very smart guy and that is why he has started to rebuild FM "outside" of Mexico and intends to continue that strategy.. as it is now becoming unsafe / unstable for foriegn mining companies.
The times they are a changing and it seems resource investors need to seriously wise up to what is happening out there in terms of the political and other risks of mining in all but a very few countries ... this is one of the reasons I bought Alexco.. I posted about this a little while ago: Post# 34127548
That said i agree that it is much to soon to be looking at a buy out here from our point of view as shareholders. How about 10 bucks before we entertain such a thing.
Heywood_Silvers wrote: First Majestic is primarily involved in Mexico. If they had their sights on any acquisition target my guess is it would be Discovery Silver since Discovery is in Mexico and it will one day become the world's largest producing silver mine according to their CEO.
Remember back in 2015 when Keith N started the "gold bank" company to pick off junior projects with the idea of developing them? Acquiring a junior such as Discovery fits right in with his business model, preferred metal and preferred location.
Oh, by the way, Sprott is Discovery's largest shareholder. Personally, I don't want any rumours of a takeover until we are north of $5 a share, so I am fine waiting to see how many different suitors will eventuall come knocking....
Would FM pull the trigger on a Canadian silver miner? Possibly, let's see what happens.