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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??

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

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