Sun, Jan 25, 2015, 9:50 PM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

First Majestic Silver Corp. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • pm_guru_1 pm_guru_1 Feb 29, 2012 9:29 AM Flag

    Acquisition target

    AG buying EXK is silly. Their resource base doesn't stack up to AG, not for $1B+ market cap.

    AG would buy something smaller and more under the radar. Like maybe something like Cream Minerals. They have a nice find and super cheap valuation. AG could buy them and issue a negligible amount of stock. That could be a great mine. EXK tried to buy it a year ago. It has gold byproduct - don't know if that means Neumayer wouldn't like it with the 90%+ exposure to silver thing...

    Another idea is that if PAAS doesn't complete the feasibility study at La Preciosa by April 15 then it revert's back to 100% Orko interest. THAT would be a steal with Orko around $2 area. PAAS has done a lot of work and spent a lot of money there advancing the project.

    Impact could be a small bolt on. That would add 1M oz production with 2M oz potential and could be purchased entirely with cash on hand - no dilution necessary.

    The most ambitious move AG could make would be to buy Golden Minerals AUMN. That would be a coup! They could get the Velardena mine - a 8M+ oz Ag-equivalent producer in Mexico. They would also get the world-class hi-grade El Quevar discovery. They would get a crapload of exploration assets and early-stage prospects. They'd get almost 500M Ag-eq oz - predominantly silver with strong gold byproducts. The market cap is a mere $300-350M now. AUMN is a company that could be purchased for 1/4th AG market cap that would more than double resources and potentially make AG a 30M+ oz producer. Food for thought. AUMN would be a great place for hot money to come in since there is a STUPID short position there. GORO another stock for PM bulls to burn shorts to the stake. Let's make it happen.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I think if they are going to buy a small company it could be great panther silver ticker GPL. Also a relatively unknown name in aurcana ticker AUNNF. Both trade for less than 3.00. Aurcana could be huge. If they hit target the CEO is pushing for 9 million ounces by 2014. Aurcana trades at 1.00 on the pinksheets now. They own la negra and are opening shafter this year in Texas. Both could do 2500 tons a day I they hit targets. I think both companies could be a huge plus for first majestic.

 
AG
5.94-0.35(-5.56%)Jan 23 4:02 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.