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XMFSinchiruna (26.54)

The Market's $270 Million Blunder



December 17, 2012 – Comments (1) | RELATED TICKERS: AG

In response to First Majestic Silver's announcement of a friendly, predominently share-based transaction for Orko Silver valued at $393 million, Mr. market saw fit to slice $270 million from First Majestic's market capitalization today. That laughable response opened a window of opportunity for those investors who truly understand the value of this deal. To the hedge-fund hot-shots out there who don't believe that First Majestic can unlock value from this asset, prepare to be humbled by Ramon Davila and his non-expat army of highly trained personnel.

1 Comments – Post Your Own

#1) On December 18, 2012 at 1:50 PM, cizastro (20.47) wrote:

I'm currently looking at the markets blunder on Alexandria and am buying more shares aggressively.  I didn't think I'd have another opportunity to buy in this range again.

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