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Bullboard - Stock Discussion Forum 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... see more

TSX:AG - Post Discussion

First Majestic Silver Corp > Re:This seems like a huge win for all involved.....
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Post by mattbigham on Sep 05, 2024 7:42pm

Re:This seems like a huge win for all involved.....

Since there is a party or parties that do not agree with the agreement we can only guess if there was another suitor that is upset  and/or the 'certain executive officers' that objected have other ideas. Interested to see how First Majestic responds. :

All directors and certain executive officers of Gatos, as well as the Electrum Group, which owns approximately 32% of the issued and outstanding common shares of Gatos, have entered into voting support agreements with First Majestic pursuant to which they have agreed, subject to the terms of such agreements, to vote their Gatos shares in favour of the Transaction.
Comment by holographicbrea on Sep 06, 2024 2:35am
This isDon Durrets answer to my question on twitter - The premium seems low at 16%, but they are paying (are you sitting down?), around $11 per oz in the ground. I have Gatos currently at 50M oz for resources (that would be $18 oz), but their recent drill results point to at least 80M oz. If we divide 80M oz by their FD Mkt cap of $890M you get $11/oz. If use 100M oz, you still get $9 oz ...more  
Comment by Co2Harvest on Sep 06, 2024 7:46am
I think some might be underestimating Keith. I don't know the man, but anyone in his position coming out of the JC deal would certainly be taking any learnings forward not only for financial reasons but reputation and to win back the trust of shareholders. History is relative to your vantage point and Keith has grown all of his companies through acquisition, and so I am betting that history ...more  
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