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First Majestic Silver Corp. Message Board

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  • Reply to

    AG

    by stockpicks92 May 7, 2015 4:29 PM

    Hey, my POOR sweet amateur SILVER SUCKERS and SILVER RETARDO DUPES........how is that fabled IMPOSSIBLE silver "short squeeze" working for you???? Duuuuuuuuhhh?? Duuuuuuuhh??? Ooooops, WRONG WRONG WRONG, again!!! ROFLMAO

  • Reply to

    AG getting hammered

    by northrnlightz Jul 30, 2015 7:04 PM

    It won't go to 1.75.

    Sentiment: Strong Buy

  • The problem is that there is a massive supply of silver available above ground. Estimates range from 1-2 billion ounces (investment grade bullion). So although silver demand has exceeded supply for the past 4-5 years, if the deficits continue at the current rate it is going to take a decade or more before silver comes into structural deficit--unless of course we get another financial crisis.

  • this stock is getting beat down big time,,when's the bleeding stop,,2 bucks or less?..im a buyer at 1.75

  • Speaking of $3 this was posted in the comments section at tfmetalsreort behind the wall.

    This from Uncle Ted's latest:

    On the $3 price drop in silver from May 19, managed money traders sold 57,000 net COMEX silver futures contracts (also mostly in the form of new short sales) or roughly 30% of the entire COMEX market, also the largest silver exchange in the world. That’s the equivalent of 285 million oz or close to 35% of world annual silver mine production. How could a large trader selling such incredible percentages of both the COMEX and world mine production not send prices lower?

    I know that what I just reported on involves trading in futures contracts and not in the actual commodities, but therein lies the rub. Because all commodity producers and consumers are price takers and not price makers, physical commodities are priced off the futures price. Make the price of silver $3 lower on the COMEX and that automatically becomes the price for all silver producers and consumers. It’s nuts (and illegal) for pure speculators to dictate prices to real producers and consumers, but we live in a mad, mad world. (Perhaps only until real producers stand up against the madness).

  • Several days have passed since the announcement and the dilution has now been accounted for...by all concerned IMO. Call me cautiously optimistic here.

  • Buy on the dips!

    Sentiment: Strong Buy

  • Marked...I reviewed all the opinions out there (analysts, Seeking Alpha, etc) and took a hard look at First Majestic today. With miners my general tendency is to invest long-term, so I don't get too excited by a dime move here or there. I now have a position in Fortuna Silver (profitable unlike many miners) and at the end of the day, I initiated a new position in Endeavor Silver. Endeavor was an old favorite but has not been on my RADAR in several years as it's share price has fallen almost 90%. From a pure valuation perspective/risk-reward - EXK gives me more than AG at this point. EXK revenue per share is about the same as AG...EBITDA is comparable and free cash flow is much better. Silver Crest may have indeed accepted a low offer IF it turns out that AG can extend the life of Santa Elena, but IMO that is an unknown at this point. Best of luck to you.

  • Healthy premium is a load right now going into the lows. Silver Crest should receive a better offer or go it alone until the bear resolves itself. This Seeking Alpha article is spot on.

    SilverCrest's Management Accepts A Low Offer

    SilverCrest is selling near the bottom.

    Accepting a low offer perhaps shows that management is not confident in the prospects of the company.

    Santa Elena has a relatively short mine life and La Joya is uneconomical.

    Insiders have shown no desire to buy the company's shares.

    By Ivan Y.

    On Monday, SilverCrest Mines (NYSEMKT:SVLC) accepted a roughly CD$154 million offer by First Majestic (NYSE:AG) in a friendly takeover. I think that this is a low offer and that SVLC's management either could've obtained a better offer from another company or waited for silver prices to recover and sold the company at that time. SilverCrest is selling low in my opinion. The takeover valued SilverCrest's Canadian shares at CD$1.30 and SVLC at US$1.00, but the stock was at this price just six weeks ago.

    continued....

  • Reply to

    AG

    by stockpicks92 May 7, 2015 4:29 PM

    Hey, my POOR sweet amateur SILVER SUCKERS and SILVER RETARDO DUPES........how is that fabled IMPOSSIBLE silver "short squeeze" working for you???? Duuuuuuuuhhh?? Duuuuuuuhh??? Ooooops, WRONG WRONG WRONG, again!!! ROFLMAO

  • Reply to

    AG raised by Scotiabank to $6.25

    by janiwebsite Jul 28, 2015 2:25 PM

    How much is that in yen? Or, pesos? Or, drachma? Good catch. I will be happy with $4.83 US
    dollars.

    Sentiment: Strong Buy

  • Excerpts from today's article in the Northern Miner on First Majestic/Silvercrest. As usual, three different analysts and three different opinions...so posting this under the FWIW category:

    "Raymond James’ analyst Chris Thompson comments the offer provides SilverCrest shareholders with a “healthy premium” and reflects the junior’s near-term value, while providing its management an opportunity to continue exploration via the SpinCo."

    "He notes the offer is “neutral to slightly accretive” to First Majestic shareholders on a net asset value basis. First Majestic will receive $30 million in cash (plus $15 million in debt) from SilverCrest and will benefit from Santa Elena’s “attractive economics.”

    "However, Desjardins analyst Michael Parkin views this deal as a very good one for First Majestic. Based on the reported first-quarter 2015 statements, SilverCrest generated US$2.99 per silver equivalent oz. in free cash flow (FCF), compared to First Majestic’s negative US$1.28 per silver equivalent oz., he explains."

    “We believe there is potential for an interloper on this deal, given the Santa Elena mine is doing well, and SVL is generating FCF and has a relatively good balance sheet,” Parkin writes, noting there is an $8 million break free payable to First Majestic if another entity acquires SilverCrest."

    "BMO analyst Andrew Kaip acknowledges that the acquisition will enhance First Majestic’s pro forma cash flow profile and treasury, but argues the transaction is “slightly negative.”

    “Using BMO Research metal price assumptions and a 5% discount rate, we calculate a 12% dilutive impact to the company’s net asset value per share.”

  • I woke up in the morning and I saw the News that AG managers (thieves) issued 33 millions new shares at the cost of my share value. What it means is that the legally grab (steal) my money and use it. It is in contrast to successful companies (e.g. Apple) where they make profit first and then buyback shares, i.e. they distribute profit to share holders. However, while the share price of this company was coming down daily basis and monthly basis, and as it was not enough for share holders, they decided to steal money of share holders. This is the result of investing in a company that bunch of lame people and thieves are running it. As there is no dignity and shame, for being concerned about investors and share holders, they do what they can. They never come to you to tell you how much bonuses they have divided between themselves or how much their salary was raised for their poor performance, but they easily steal your money over night because they can. They never tell you their plan to reduce the cost of their operations, and any possible plan to benefit share holders. Bunch of crooks call themselves Chief, VP whatever, and having peace of mind as people are losing their money in this company. Remember, there is no dignity in the world of corporations, and share holders are the first ones to be slaughtered. Poor investors and their families who were fooled by these companies and their bluffs. It's a pity.

  • Reply to

    Silver takeover gets a shrug

    by markedtofuture Jul 28, 2015 6:07 PM

    So, if 2015 turns out as expected, First Majestic’s all-in sustaining operating costs, with Santa Elena on board, could come down slightly and, assuming the price of silver doesn’t drop much further, boost cash flow.

    Meantime, First Majestic as a silver miner will gain in the ranks of silver producers (assuming silver-equivalent production), growing production in the near future by as much as 45%. It will potentially exceed Coeur Mining production next year, which is expected to produce about 15.8 million ounces silver in 2016 or about 1 million ounces less than a combined First Majestic and Silvercrest.

  • Silver consolidation in Mexico doesn’t create market buzz but gets kudos for free cash flow.

    Kip Keen | 28 July 2015 14:18

    On Monday, First Majestic Silver shares fell more than 10% on news it had inked a friendly, nearly all-share takeover with Silvercrest Mines. It seems the prospect of a bigger silver mining company, with more shares out, drove shareholders to dump shares amid an increasingly bearish precious metals market.

    Still, some analysts agreed with First Majestic reasoning that the takeover could buoy First Majestic cash flow and improve its operating cost outlook.

    "I think it is a good deal for First Majestic as it is free cash flow accretive and [comes with] a lower cost asset – so good on both of those items," Desjardins analyst Michael Parkins said by email. "The mine life looks good based on the reserves and the balance sheet of First Majestic will also improve on a net cash basis."

    The deal adds another mine in Mexico to First Majestic’s stable of six operations in that country. Silvercrest owns the Santa Elena gold-silver mine that is to produce some 4 to 5 million ounces silver-equivalent (gold is a major component) over the next few years. The mine plan shows declining production, falling to under 4 million ounces silver after that to 2022.

    First Majestic estimated production next year will grow by about 5 million ounces silver equivalent to 16.8 million ounces silver equivalent.

    Ownership-wise the combination mirrors the reserve base of both miners. Silvercrest is to own 21% of the combined company and brings a similar amount of silver-equivalent reserves to the table, 19 million ounces versus First Majestic’s 101 million ounces.

    Silvercrest forecast operating costs per silver-equivalent ounce beats out First Majestic somewhat. Silvercrest estimates all-in sustaining costs in 2015 just over $12/oz silver-equivalent versus First Majestic’s estimate for this year between about $14/oz and $15.50/oz.

    continued..mineweb

  • Reply to

    AG raised by Scotiabank to $6.25

    by janiwebsite Jul 28, 2015 2:25 PM

    Not a chance? Ok, Mr. Basher/Shorter!!! LOL

    Sentiment: Strong Buy

  • Reply to

    AG

    by stockpicks92 May 7, 2015 4:29 PM

    Hey, my POOR sweet amateur SILVER SUCKERS and SILVER RETARDO DUPES........how is that fabled IMPOSSIBLE silver "short squeeze" working for you???? Duuuuuuuuhhh?? Duuuuuuuhh??? Ooooops, WRONG WRONG WRONG, again!!! ROFLMAO

  • Reply to

    AG raised by Scotiabank to $6.25

    by janiwebsite Jul 28, 2015 2:25 PM

    6.25????? NOT A CHANCE IN HELL, PUMPER!!!! LOL

  • AG raised by Scotiabank to $6.25

  • Reply to

    My first impulse was to jump in at $3.12

    by steeloilsilver Jul 27, 2015 2:05 PM

    Unlike First Majestic, it diluted at the right share price - this is why they have so much cash. And the cash increased in the past quarter since they are profitable with one of the lowest AISC in the industry. On top of that the grades and production this quarter compared to last show that they have done even better, the results will show that and will have led to a rebound in SVLC price per share. On the contrary to your thoughts, in my opinion AG got a good deal and the synergies makes complete sense - same jurisdiction for parent company, for operating country and a good way for AG to raise cash while increasing production with profitable ounces. SVLC management took the mine very far in a short period of time and have controlled costs better than most, management is great. I believe the poor health of some of the SVLC top management is a partial reason to decide to transfer ownership. The share price drop means nothing in the short term, just that traders take advantage of a dilution event as they often do. Santa Elena will be First Majestic's best mine if this goes through.

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