First Majestic at this price has to be a take over target
The assets of this company are worth well more than the current stock price. The company has to be a target at this price, production is up, proven reserves are up, exploration expense are down, and the company has enough cash to buy back 5% of the company shares. This company could be gone as early as Monday.
No takers. You got to find a miner willing to buy other miners; no good candidates. Too many targets, every silver stock could be taken over if someone comes from different universe where silver price is still in 30s. In other words, talk about takeover belongs to field of fiction (aka imagination).
Actually, I have bought three companies in the past 7 years. I look for bargains in my industry. I could see a big boy like RIO buying this company while the chips are down. Businessmen actually look for bargains. I have no idea if it will ever happen, but it is a bargain right now.