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Bullboard - Stock Discussion Forum MAG SILVER CORP. T.MAG

Alternate Symbol(s):  MAG

MAG Silver Corp. (MAG: TSX / NYSE A) is a Canadian exploration and development company focused on becoming a top-tier primary silver mining company, by exploring and advancing high-grade, district scale, silver-dominant projects in the Americas. Our principal focus and asset is the Juanicipio Property (44%), being developed in Joint Venture partnership with Fresnillo Plc (56%). Juanicipio is... see more

TSX:MAG - Post Discussion

MAG SILVER CORP. > A buying opportunity due to incompetence
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Post by oilsyd on Dec 28, 2021 10:39am

A buying opportunity due to incompetence

Anyone else as peed off as me about the latest announcement? They rush rush rush to get the commissioning completed just "on time" and boast about it and then  they don't have any electricity to run the plant?  What was the point?

How could they have not found out except at the last minute that the electricity hook up was not going to be completed on time and they would have to wait 5 months?  It does not seem like they were on the ball at all about this.  Wouldn't you be calling the electricity company in advance?

Why did they make the announcment when Canadian exchanges are closed?  This is a classic bad news tactic.


"It is quite understandable. It's a very natural reaction. But one day, in a week, a month, a year, on that day when God willing, we all return to our homes again, you're going to feel very proud of what you have achieved here in the face of great adversity. What you have done, should be, and I think will be, an example to all our countrymen, soldier and civilian alike. You have survived with honor, that and more, here in the wilderness. You have turned defeat into victory. I congratulate you. Well done.   Wait, wait, wait, did not one call the electricity company? Well sir, you can't expect us to do everything".
Comment by Retiredgeo on Jan 04, 2022 3:35pm
The world is full of Covid deniers.  The markets are making new highs as if the pandemic is over!  Management misjudged the effect covid is/was/will have on the workforce.  They are not alone.  Most airline CEOs fall into the same boat.
Comment by Jetboy1 on Jan 06, 2022 6:49pm
Yes it dose seem a bit goofy to be at this stage and now being told no one availble to hook them up,I am quite sure it is a big to do to get the Electricity to the plant,big power needed. The good thing is we can buy up all the shares that people will get rid of due to the news and they still have ore going to the Fres plant so money will be comming in, not as much as when the plant is operational ...more  
Comment by rob1237 on Jan 25, 2022 12:11am
They partner ahould make an offer tomorrow.. they will get a good deal..
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