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

Alternate Symbol(s): MAG

Metals & Mining Silver

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

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TSX:MAG - Post Discussion

MAG SILVER CORP. > Losing Faith George

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Post by looking on May 14, 2024 7:39pm

Losing Faith George

In January 2023 George raised and diluted company shares for Deer Trail exploration and a security blanket just in case the start up of Juanicipio required additional funds...I was questioned the move but understood the conservative move.
in hind site we really never needed the funds and the stock price has never recovered because of the move.
silver prices have moved up and our stock price is inching up.

we have a war chest building and George has implied that years end we should see dividends paid to the loyal shareholders. This should definitely come to be especially with the higher mineral prices we are now getting.
What I don't like is the raising of funds and dilution and we don't even know what it is for .
im not prepared for another price drop considering the war chest we are building and the promise of dividends.

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