RE:Losing Money Like This.I am invested and I choose to view it as a turnaround play. They had the issue with the well at one mine and also the Jerritt Canyon situation but then consider just a few of the positives. Silver will at least maintain its current price which is above FR's AISC, but it could also go up in price, we will see. They have made some important discoveries on existing assets recently. They have formed their own mint which will no doubt pay off in the coming years as they grow that arm of their business, filling a gap not only for themselves but for other miners (this based off of things Keith has said). Having said all that, turnaround plays are not for everyone. DYOD and good luck to all!
kidderpeabody wrote: Investors can buy Silvercorp which finished the day at $4.96.
Silvercorp had earnings of 28 million last quarter and has retained earnings of 281 million.
Fortuna Mining is another good stock with 154 million in retained earnings.
Aside from losing money the accumulated deficit of First Majestic $674 million.
I really don't understand investors buying companies like Majestic.
The ceo has some serious problems to work out for the good of shareholders.
If he is incapable then give someone else the job.