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First Majestic Silver Corp. Message Board

edmundaronson 448 posts  |  Last Activity: 1 hour 33 minutes ago Member since: Jan 4, 2009
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  • edmundaronson edmundaronson Apr 1, 2016 8:53 AM Flag

    that is not a new information been in play quite awhile -go to sec filings and check out recent filings about not baying in 2015 certain incentives and cutting back in 2015-krebbs salary the same for 3 years and hanagarne gets a raise-a bit complex -hl management all took decreases in salary-the ceo baker the most-

  • edmundaronson edmundaronson Apr 1, 2016 7:55 AM Flag

    dilution and debt just added 1.7 million oz's or more of gold-wharf also increased resources by 39% giving an extra 3 yrs mine life-jualin added 250,000high grade oz's and growing for the cost of a tunnel-WILD GOLD IS ONE DUMB TROLL-he was behind the door when God handed out intelligence

  • edmundaronson edmundaronson Apr 1, 2016 5:29 AM Flag

    what an idiot the the revese split saved cde from delisting ,forced 60,000,000 milion shorts to cover ,allowed institutions to buy shares,repaid debt,allowed for palmarejo to finish and build kensington institutions bought 70% of stock-it this idiot wild gold knew what he was talking about he would know it was the franco royalty deal that crippled coeur or the ban of mining at 4400 ft at bolivian mine -the highest grades in mine plan could not be reachesd-and who would know that the mountain could collapse-coeurs mining was from tailings ,no dynamite ,no underground,then there was lapse in paying land fees thart resulted in 32 million settlement paid with nsr rochestor-and some would object to purchase of orko-
    coer had a billion in revenue and market cap over a billion before metals and sector collapse-coeur was lumbered with inefficient mines ,mine managers ,a onerous royalty,low grade mines and an AISC of 28.00-today kensington ,rochestor,bartolome are all efficient,sustainable mines with higher grade discovered or sourced-AICS is 13.55 and couer the sector leader in decreasing AISC-
    the franco royalty was the most crippling of events forced on coeur by 2008 crash and under 10.00 silver prices but it allowed them to finish palmarejo but 50% of gold production went at 400.00 an ounce that really hurt-there are three ways to get money earn it,debt and selling shares which is just part o fraising capital in this industry for expansions and to purchase more metal-acquistions and building mines is a very expensive buisness,so is debt and
    dangerous during low metals prices-coeur had foresight to capture orko and even more forsight to not start building--coeur has grown resources .production and debt with selling shares-so what

  • edmundaronson by edmundaronson Apr 1, 2016 4:18 AM Flag

    dynasty a nsr component in coeur capital is in trouble-dynasty a small gold mine in ecuador--

  • edmundaronson edmundaronson Apr 1, 2016 3:14 AM Flag

    that crippiling reverse split allowed coeur to finish mines during 2008 crash stock went for .36 facing delisting or 3.60 to 38.00 and a billion in revenue-the reverse split was not the culprit it was crippling the sector collapse and silver/gold prices were too blame-the reverse split rescued coeur-this guy is so ignorant -AND NOT A SHAREHOLDER
    the reverse split was announced shorts started covering , stock quickly rose from .32 lows to 1.70 on day of r/s split coeur was 14.40 and during highs of metals was 38.00

  • edmundaronson edmundaronson Apr 1, 2016 2:58 AM Flag

    wild gold-that shelf offering according to coeur some technicality about market cap-
    dilution bought joaquin
    dilution bought preciosa
    dilution bought global capital now coeur capital,
    dilution bourght paramount
    dilution bought back 54 mill in discounteed debt
    paas,first majestic,coeur all have similar share structure and hl about 300million shares
    ddilution bought 100,s of millions ozs silver and millions of oz's gold
    bought a free cash flow positive financial royalty company
    preciosa one of worlds largest silver deposirts will produce 10million oz's a year
    joaquin a over 60million oz n43-101 and hardly explored
    pzg is royalty free silver/gold a huge land package ,high grade and uses infrastructure
    paper shares for metal in ground
    new retail buyers have bought in 2's have close to tripled their money

  • Reply to

    CDE is same price as SSRI......

    by mredlark Mar 29, 2016 2:14 PM
    edmundaronson edmundaronson Mar 31, 2016 4:24 PM Flag

    coeur produces 325,000oz gold -more than ssri
    coeur produces 15million oz silver -50% more than ssri
    piquitas nearing end of mine life-and in argentina
    coeurs aisc realized price about the same
    pitarilla has water problems a big deal in mexico
    ssri has no debt-coeur has debt
    same amt of cash
    ssri adding claude gold underground canadian mine--coeur added wharf and pzg
    coeur has much larger resources and preciosa ready to be built-without water problems

  • Reply to

    coeur and mexico reinvestment

    by edmundaronson Mar 31, 2016 8:30 AM
    edmundaronson edmundaronson Mar 31, 2016 9:51 AM Flag

    coeur has a non current value added tax recievable of 24,768,000-coeur has a 2015 value added tax recievable of 50,669.000

  • edmundaronson by edmundaronson Mar 31, 2016 8:30 AM Flag

    in 2013 coeur asserted its intention to permanently reinvest its profits in mexico-thus getting an 81 million dollar tax benefit-their is a valuation allowance for tax benefits that may not be realized-each quarter coeur analyzes these tax deferrals and adds or lowers valuation allowance-this permanent reinvestment probably took into consideration building of preciosa

  • edmundaronson by edmundaronson Mar 31, 2016 6:20 AM Flag

    if i remember correctly capital expenses for the first two quarters were planned to be the heaviest at both kensington and guadalupe, so this rally in metals is fortuitous-the confuence of events reaching indepencia,higher grades and recoveries and efficiencies are picking up steam but it is not till sept that the franco royalty changes to 800 and oz with no minimum-money is being spent at kensington as the tunnel is only 1/3 complete but underground drilling is soon starting-
    what prices coeur realized over the first quarter is anybodies guess-DOES ANYBODY HAVE A FIGURE- coming into play soon should be seasonality and statisticaly lower demand from india and china-but the strike by jewellers may change this causing some pent up restocking
    in the end it will be silver and gold prices ,coeurs large production gives coeur tremendous leverage but cuts both ways but coeurs programs will mitigate downside and amplify to upside-

  • Reply to

    dilution for assets so what

    by edmundaronson Mar 30, 2016 9:45 AM
    edmundaronson edmundaronson Mar 31, 2016 5:25 AM Flag

    money has been spent on exploration -look at results
    money has been spent onguadalupe underground and twin declines at indepencia
    money has been spent underground to reach jualin high grade and efficiencies-pebble sorter
    money has been spent at rochestor new crusher,haul road shortened,
    coeur has maintained 200million cash position
    coeurs targets have been met and its 3yr plan well advanced

  • Reply to

    How many shares is the shelf offering?

    by wild_gold Mar 30, 2016 8:43 PM
    edmundaronson edmundaronson Mar 31, 2016 4:59 AM Flag

    you own no position,you do this on seveal boards,you post no information-these new buyers stand to make alot of money-when metals recover and i don't tell people to buy-just post facts and whats going on that doesn't come up in presentations and often stuff that does but is overlooked-holding on to cash untill metals prove they have truly bottomed or in case another wharf comes about-protective and pro active-

  • edmundaronson by edmundaronson Mar 30, 2016 10:31 AM Flag

    coeur rescued palmarejo fro closeur with the renegotiating of franco royalty,franco could not ammend the royalty at time because of shareholder upheaval so they advanced 22 million to build guadalupe -stage one
    they discovered indepencia and purchased paramount all shares getting high grade royalty free ore
    the open pit is closing and guadalupe producingf the twin declines to indepencia have allready been reached
    exploration is adding oz's all over the place guadalupe deep,los bancos,nacion indepencis este -palmarejo rescued and will become very profitable

    rochestor cranking out ozs effciently
    exploration found grade double to seven times greater-thats a big deal-jumps the que of rochestors long mine life
    added wharf 90,000oz production and extended mine life 3 yrs
    ;found jualin and 1/.3 of the waty there-
    AISC is 13.55-i remember when it was 28.00

  • Reply to

    Shelf Offering

    by edwinblair Mar 29, 2016 8:12 PM
    edmundaronson edmundaronson Mar 30, 2016 10:09 AM Flag

    filing was for unsecitied amount for corporate purposes-

  • edmundaronson by edmundaronson Mar 30, 2016 9:45 AM Flag

    paid down expensive debt bought back at discount-during scaryt times
    dilution bought one of the largest deposit in world - will be10,000,000oz a year producer
    dilution bought coeur capital a free cash flow positive financialk asset
    dilution bought out jv partner on joaquin deposit,dilution bought paramount -royalty free high grade and its land package
    coeur diluted for millions of ozs gold in ground,100s of millions of silver
    next up cycle and you guys will be P---ing in your pants-
    150,000 shares is about par with first majestic and paas
    and noway is this time to use 200mill in cash
    wharf was bought with debt and is coeurs biggest money maker
    buying years of exploration ,costs ,permitting now can oly be accomplished by shares -fcmi wanted to do deal for coeur shares the same with blue mountain capital-couer just aded 1.5 million ozs or more between paramount and wharf-a couple hundred million ozs silver at preciosa

  • Reply to

    Shelf Offering

    by edwinblair Mar 29, 2016 8:12 PM
    edmundaronson edmundaronson Mar 30, 2016 9:27 AM Flag

    go to war -what a farce-you own no shares and don't know what your talking about-

  • Reply to

    Shelf Offering

    by edwinblair Mar 29, 2016 8:12 PM
    edmundaronson edmundaronson Mar 30, 2016 9:25 AM Flag

    edwin i have been reporting on northair and paramount-you guys can pull the sec docs or go to website -i don't think this is mostly about performance awards it was a long and ardous read but there have been rollbacks and no salary increases except hanagarne-but i saw no printing of shares that was immediate but i am a total laymen and got bored as well as confused

  • Reply to

    paramount and calico

    by edmundaronson Mar 30, 2016 7:29 AM
    edmundaronson edmundaronson Mar 30, 2016 7:45 AM Flag

    rudi fronk is chairman/director of calico and ex ceo seabridge
    as well as present ceo seabridge jay layman is a director
    that quite a board for calico
    this says good things for paramount

  • Reply to

    paramount and calico

    by edmundaronson Mar 30, 2016 7:29 AM
    edmundaronson edmundaronson Mar 30, 2016 7:36 AM Flag

    correction thats fcmi and albert d friedberg and family-

  • edmundaronson by edmundaronson Mar 30, 2016 7:29 AM Flag

    parmount gold and silver nevada is a spinoff with its main project the sleeper mine and proposed merger with calico for its advanced usa gold project
    coeur has a 4.9% stake of paramount nevada and supplied funduing of 10,000,00 as part of buying paramounts mexican package
    fscmi is major shareholder in paramount nevada from its conversion of shares acquied as result of coeur /paramount merger
    fscmi and seabridge are major holders in calico and fscmi is a majo rholder of seabridge
    calico' grassy hills deposit a high grade underground gold deposit with technical report and advanced permitting has n43-101 and is in oregoni
    rockstar resources once tried to buy calico-thats wheeler and his gang-
    fscmi-is a finacial arm of the billionaire frieberg family
    seabridge is a huge advanced canadian project next door to pretium ,

AG
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