The deal EXK just did with AUQ was really good. They will only issue about $100M in stock and they increase production immediately from 5M to 7M ozs, which puts them in First Majestic's neighborbood. Also, the 2nd property has potential to be another 2M oz mine and has a NPV almost $100M using only $24 silver and $1450 gold.
But I like First Majestic's purchase of Silvermex even more. AG is only issuing 10M shares, but they are adding a district size project. Great move. I am glad my silver juniors are smart and nimble and not like the gold majors and their clunky junky M&A activity.
So there you have it, EXK basically just paid $250M for 2M ozs of production and a development project. Wouldn't you say AUMN is extremely undervalued considering Velardena and El Quevar blow away the noncore assets AUQ is shedding? And yet for some reason AUMN is trading for less than EXK just paid?!
You know Brad Cook would have much rather spent the same amount of money and gotten AUMN, but that would have never been possible LOL.
I am glad you guys are confident this company is not the issue. I am starting to get concerned there is something more with this company than market manipulation. This stock is down every day regardless if the market is up or down!
when you are spending 8 figures a year developing a natural resource in a country that just annoucned it arbitrarily nationalizing a different resource company, it's probably not going to to good things to your stock.