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First Majestic Silver Corp. Message Board

marvin_lsd 2 posts  |  Last Activity: May 1, 2014 7:50 PM Member since: Jan 29, 2004
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  • marvin_lsd marvin_lsd May 1, 2014 7:50 PM Flag

    Hard to miss a - $0.28 analyst estimate.

    Good info! I'll have to check facts here and take to other MB's.

  • I haven't seen a posted 1st Q reporting date but for past 2 years it was between May 10- 15th.
    However, only the 2nd q and the 4th q/full year have been by conference call including questions...
    so likely no chance to ask questions at 1st q update.

    I do have questions per below with lead- in background. If anyone has any insight into my
    questions for AG, please comment... I may forward to IR anyway after their 1st q update.

    Background: In 2013, AG had earnings as follows:
    1st= $0.23; 2nd= $0.00; 3rd=$0.14; 4th= -$0.69; year= -$0.33... so full year negative
    Company reported 4th q loss as follows:
    * Net loss 0f $81.2 million in Q4 2013 after non- cash impairment charge of $28.8 million and
    a deferred tax accounting adjustment of $38.8 million as a result of Mexican Tax Reforms
    Not fully understanding these charges, my questions to AG management would be
    (1) An explanation of the non- cash impairment charge and, more importantly, do they anticipate
    any similar charge for 2014??
    (2) Regarding the deferred tax accounting adjustment, do they anticipate another similar charge
    for 2014??

10.74+0.03(+0.28%)Jul 30 4:01 PMEDT

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