This has been a big disappointment to watch/own the last couple of years. Many others and mostly lessor companies are flying higher while mag sits as dead money. Easy to see why some would want to put the money to work elsewhere. Can anyone make a case for holding or going in deeper here? Is it jinxed against other bidders since fresnillo's attempt to take it under? Will no others buy because they don't want to partner with Fresnillo? Just seems so undervalued and unappreciated.
i believe hedge book is only applicable to producers who can deliver product within specified contracts. I don't think MAG has any hedges, which if true condering the resource they hold, should be way undervalued based on stock price.