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First Majestic Launches Offering of Convertible Senior Notes
7:31 am ET November 29, 2021 (Newsfile) Print
Vancouver, British Columbia--(Newsfile Corp. - November 29, 2021) - First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (the "Company" or "First Majestic") announces that it is offering US$200 million aggregate principal amount of unsecured convertible senior notes due 2027 (the "Notes") pursuant to private placement exemptions (the "Offering"). First Majestic expects to grant the initial purchasers of the Notes an option to purchase up to an additional US$30 million aggregate principal amount of Notes. First Majestic intends to use the net proceeds of the Offering to repurchase, in separate privately negotiated transactions, a portion of its outstanding 1.875% convertible senior notes (the "Existing Notes") and for general corporate purposes, including strategic opportunities.
In accordance with the terms of the Existing Notes, First Majestic intends to redeem, following a required 30 day notice period, any Existing Notes that are not converted or repurchased in conjunction with the Offering.
The final terms of the Offering will be determined by First Majestic and the initial purchasers. The Notes will bear cash interest semi-annually at a fixed rate and be convertible by holders into First Majestic common shares (the "Shares"). The Notes will be redeemable by First Majestic at its option in certain circumstances. Holders will have the right to require First Majestic to repurchase their Notes upon the occurrence of certain events.
The Notes and the Shares into which the Notes are convertible, have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or qualified by a prospectus in Canada. The Notes and the Shares may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from registration under the Securities Act and may not be offered or sold in Canada except pursuant to exemptions from the prospectus requirements of applicable Canadian provincial and territorial securities laws.
This news release is neither an offer to sell nor the solicitation of an offer to buy the Notes or the Shares into which the Notes are convertible, and shall not constitute an offer to sell or solicitation of an offer to buy, or a sale of, the Notes or the Shares into which the Notes are convertible in any jurisdiction in which such offer, solicitation or sale is unlawful
I believe it's said that Wall Street is the place where the prudent man with patients takes the money from the inpatient man.
Hope everyone has a Happy Thanksgiving.
2021-11-15 13:16:00 GMT DJ Clover Health Investments Price Target Raised to $9.00/Share From $8.00 by Credit Suisse
Don't you think that soon we'll be seeing upgrades?
This is a serious buying opportunity IMO.
Roots, Do you happen to know Keith? Does IR answer you in a timely manner?
IR does not answer me, what's even worse than they not answering me, I was very nice. That's not always the case with me and the IR departments of different companies.
THe reason I'm asking, clearly, Keith doesn't like folks shorting him, so why doesn't he make a PR about how much bullion he's sitting on. Drives me crazy that we're down. My puts are 12.5's, so I doubt we are going that low, it's just a matter of principle.
Have a good weekend,
Slim
Bio, I follow that same path, we live in a good country, don't complain about paying your taxes. Of late, I'm not crazy about what they are doing with my money, yet the principle is still the same.
How have you been, I'm still holding AMC, left board for my own mental health!
We own the float. They have to meet our price not the other way.
Yes, we sure do and that Float is a lot more than what's listed as Outstanding shares, we own Billions of shares, IMO.
I agree with you, IMO, the whole report was filled with fantastic news the very detailed account of CLOV's continued progress was easy to follow, personally, I do not understand the sell off.
Thanks for the links, I do not care at all what Zacks says, they are AI driven nonsense, plus, IMO, Seeking ALpha is another horrible site, yes, Quad 7 Capital wrote a positive article (sort of positive) about AG, but Seeking Alpha is a short's dream machine.
Quad 7 Capital gets paid for hits, God Bless them.
I'm going to get paid when AG squeezes :)
You have me as for what's going on. AG closed down four cents Thursday, $13.90
The hard metal itself:
Silver Futures 25.335 Up 0.563 2.27% (Barrons)
Plus, iShares Silver TrustNYSE Arca:SLV 23.35 up 0.48 2.10%
How does JPM (or any other short) think they can hold AG down? I'm here to watch and learn, I do believe my Puts will close out of the money, but who the hell knows!
First Majestic Silver Price Target Raised to C$23.00/Share From C$20.00 by Cormark Securities
1:05 pm ET November 8, 2021 (Dow Jones)
IMO, Cormark is still to low, C$23 is $18.50 US dollar, I believe AG should be at least twenty bucks, US, which is a tab less than C$25.00
Happy to provide the little bit of knowledge that I have. I believe you're right about your account not being set up to trade options, you have to sign a release for whatever firm you're trading with, plus you sign that you've read the risk involved in trading options.
Roots, I'd contact your customer service, tell them you want to at least sell cover calls. If you're thinking about selling any stock that you hold, one hundred shares is one contract, you can look at a higher price than the stock is currently trading at, then sell the call. You get to keep the money, BUT, they might call your shares. JPM has a lot of action, check out their table, doesn't cost a thing to look. AG is lightly traded. Today, AG picked up action, also OI is open interest, that means how many outstanding contracts are currently being held by investors.
https://www.investopedia.com › articles › covered-call
When to Sell a Covered Call — A covered call is constructed by holding a long position in a stock and then selling (writing) call options on that ...
?What Is a Covered Call? · ?Profiting from Covered Calls · ?When to Sell a Covered Call
Good Luck
Roots,
I couldn't find any evidence that Keith is selling Futures, not sure why, since he is holding the metal, seems like selling high is easy money, I liken it to selling way out of the money calls. You're only getting pennies for a 17-18 call, but if you sell enough of them, you're getting real money.
On another note, should be some short covering with today's report, IMO.
Good Luck,
Slim
Good to see you Captain, hope all is well
First Majestic Reports Third Quarter Financial Results and Quarterly Dividend Payment
7:01 am ET November 4, 2021 (Newsfile) Print
Vancouver, British Columbia--(Newsfile Corp. - November 4, 2021) - FIRST MAJESTIC SILVER CORP. (NYSE: AG) (TSX: FR) (the "Company" or "First Majestic") is pleased to announce the unaudited interim consolidated financial results of the Company for the third quarter ended September 30, 2021. The full version of the financial statements and the management discussion and analysis can be viewed on the Company's website at www.firstmajestic.com or on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. All amounts are in U.S. dollars unless stated otherwise.
THIRD QUARTER 2021 HIGHLIGHTS
(compared to Q3 2020)
Generated revenues of $124.6 million, representing a 1% decrease due to the decision to withhold 1.4 million ounces of silver in inventory in an effort to maximize future profits. Had the Company sold these ounces at the end of the quarter it would have generated approximately $33.2 million in additional revenue using the quarterly average realized price of $23.10 per ounce
Cash costs increased to $14.09 per AgEq ounce due to the addition of Jerritt Canyon
All-in sustaining costs ("AISC") increased to $19.93 per AgEq ounce primarily due to an increase in sustaining capital costs related to the $12.3 million Tailings Storage Facility 2 ("TSF2") lift project at Jerritt Canyon
Mine operating earnings of $3.5 million during the quarter, compared to earnings of $48.0 million in Q3 2020, the decrease in earnings was primarily attributed to lower silver ounces sold due to the holdback of 1.4 million ounces of silver along with higher costs attributed to the first full quarter of operations at Jerritt Canyon
Net earnings of ($18.4) million attributed to the reduction in revenue as a result of withholding 1.4 million ounces of silver from sales at quarter end
Adjusted EPS of ($0.07) after excluding non-cash and non-recurring items
Cash flow per share of $0.09 (non-GAAP)
Cash and cash equivalents at September 30, 2021 were $192.8 million with strong working capital of $262.5 million
Declared a third quarter cash dividend payment of $0.0049 per common share for shareholders of record as of the close of business on November 17, 2021 which will be distributed on or about November 30, 2021
"Our decision to inventory a significant amount of silver during the quarter obviously impacted our third quarter financial results but those additional revenues and cash flows are expected to be realized in the coming quarters as prices improve," stated Keith Neumeyer, President and CEO. "During the quarter, we also invested in two significant capital projects at Jerritt Canyon which temporarily increased our all-in sustaining costs at the site. With the majority of these investments now complete, we expect a reduction in costs starting in the fourth quarter driven by higher production, reduced capital costs and continued improvements in operating efficiencies. At San Dimas, AISC costs decreased by 19% to $11.58 per ounce due to higher production and higher consumption rates of low-cost energy from our hydro dam when compared to diesel or grid power. At Santa Elena, the mill is preparing to begin test batching low-grade stockpiles from the Ermitaño deposit which is expected to further drive down costs and increase overall production. Finally, the Company declared its third quarter dividend which was also impacted by the lower quarterly revenues due to the withholding of the 1.4 million unsold ounces of silver, however, the upcoming future quarter dividends are expected to increase as this large inventory is divested."
OPERATIONAL AND FINANCIAL HIGHLIGHTS
Key Performance Metrics 2021-Q3 2021-Q2 Change
Q3 vs Q2
2020-Q3 Change
Q3 vs Q3 2021-YTD
Operational
Ore Processed / Tonnes Milled 943,126 826,213 14 % 655,920 44 % 2,383,584
Silver Ounces Produced 3,302,086 3,274,026 1 % 3,158,866 5 % 9,484,135
Silver Equivalent Ounces Produced 7,319,441 6,435,023 14 % 5,201,085 41 % 18,294,760
Cash Costs per Silver Equivalent Ounce (1) $14.09 $13.89 1 % $9.48 49 % $13.65
All-in Sustaining Cost per Silver Equivalent Ounce (1) $19.93 $19.42 3 % $14.01 42 % $19.60
Total Production Cost per Tonne (1) $106.52 $104.94 2 % $71.56 49 % $101.73
Average Realized Silver Price per Ounce (1) $23.10 $27.32 (15 %) $22.58 2 % $25.74
Financial (in $millions)
Revenues $124.6 $154.1 (19 %) $125.9 (1 %) $379.2
Mine Operating Earnings $3.5 $29.4 (88 %) $48.0 (93 %) $61.1
Net (Loss) Earnings ($18.4) $15.6 NM $30.9 NM ($1.0)
Operating Cash Flows before Movements in Working Capital and Taxes $22.6 $51.2 (56 %) $52.2 (57 %) $104.9
Cash and Cash Equivalents $192.8 $227.1 (15 %) $232.4 (17 %) $192.8
Working Capital (1) $262.5 $276.3 (5 %) $266.7 (2 %) $262.5
Shareholders
(Loss) Earnings per Share ("EPS") - Basic ($0.07) $0.06 NM $0.14 NM $0.00
Adjusted EPS (1) ($0.07) $0.05 NM $0.12 NM $0.01
Cash Flow per Share (1) $0.09 $0.21 (58 %) $0.24 (64 %) $0.44
NM - Not meaningful
The Company reports non-GAAP measures which include cash costs per ounce, all-in sustaining cost per ounce, total production cost per ounce, total production cost per tonne, average realized silver price per ounce, working capital, adjusted EPS and cash flow per share. These measures are widely used in the mining industry as a benchmark for performance, but do not have a standardized meaning and may differ from methods used by other companies with similar descriptions. See "Non-GAAP Measures" in the Company's MD&A for a reconciliation of non-GAAP to GAAP measures.
Q3 2021 FINANCIAL RESULTS
The Company realized an average silver price of $23.10 per ounce during the third quarter of 2021, representing a 2% increase compared to $22.58 per ounce in the third quarter of 2020.
Revenues generated in the third quarter totaled $124.6 million compared to $125.9 million in the third quarter of 2020. Revenues in the quarter were impacted primarily due to the temporary withholding of 1.4 million ounces of silver, which remained in the inventory at quarter end. Had the Company sold the withheld inventory, the Company would have generated approximately $33.2 million in additional revenue using the quarterly average realized price of $23.10 per ounce.
The Company realized mine operating earnings of $3.5 million compared with mine operating earnings of $48.0 million in the third quarter of 2020. The decrease in mine operating earnings was primarily attributed to the decision to withhold 1.4 million silver ounces from sale along with higher costs primarily attributed to the first full quarter of operations of Jerritt Canyon.
Earnings for the quarter was ($18.4) million (EPS of ($0.07)) compared to $30.9 million (EPS of $0.14) in the third quarter of 2020.
Adjusted net earnings for the quarter was ($18.1) million (Adjusted EPS of ($0.07)) compared to $25.7 million (Adjusted EPS of $0.12) in the third quarter of 2020, after excluding non-cash and non-recurring items.
Cash flow from operations before movements in working capital and income taxes in the quarter was $22.6 million ($0.09 per share) compared to operating cash flow from operations of $52.2 million ($0.24 per share) in the third quarter of 2020.
Ended the quarter with $192.8 million in cash and cash equivalents as of September 30, 2021. In addition, the Company has a strong working capital position of $262.5 million and total available liquidity of $272.5 million, including a $10 million of available undrawn revolving credit facility.
OPERATIONAL HIGHLIGHTS
The table below represents the quarterly operating and cost parameters at each of the Company's four producing silver and gold mines.
Third Quarter Production Summary San Dimas Santa Elena La Encantada Jerritt Canyon Consolidated
Ore Processed / Tonnes Milled 214,205 234,862 263,645 230,415 943,126
Silver Ounces Produced 1,888,371 508,641 905,074 - 3,302,086
Gold Ounces Produced 20,767 7,498 114 26,145 54,525
Silver Equivalent Ounces Produced 3,422,032 1,061,657 913,481 1,922,270 7,319,441
Cash Costs per Silver Equivalent Ounce $8.29 $17.09 $12.25 N/A $14.09
All-in Sustaining Cost per Silver Equivalent Ounce $11.58 $21.10 $15.28 N/A $19.93
Cash cost per AuEq Ounce N/A N/A N/A $1,735 N/A
All-In sustaining costs per AuEq Ounce N/A N/A N/A $2,286 N/A
Total Production Cost per Tonne $128.67 $75.76 $41.08 $192.17 $106.52
The Company reports non-GAAP measures which include cash costs per ounce, all-in sustaining cost per ounce, total production cost per ounce and total production cost per tonne. These measures are widely used in the mining industry as a benchmark for performance, but do not have a standardized meaning and may differ from methods used by other companies with similar descriptions. See "Non-GAAP Measures" in the Company's MD&A for a reconciliation of non-GAAP to GAAP measures.
The Company produced 7.3 million silver equivalent ounces consisting of 3.3 million ounces of silver and 54,525 ounces of gold, representing an increase of 1% and 17%, respectively, compared to the previous quarter primarily due to a 39% increase in gold production from the Jerritt Canyon operation in Nevada. In the first nine months of 2021, the Company has produced 9.5 million ounces of silver and 124,942 ounces of gold for total production of 18.3 million silver equivalent ounces, or approximately 69% of the Company's 2021 guidance midpoint of producing 25.7 to 27.5 million ounces. Furthermore, the Company anticipates achieving its 2021 production guidance due to expected higher grades at San Dimas, Jerritt Canyon and Santa Elena in the fourth quarter.
COSTS AND CAPITAL EXPENDITURES
Cash cost per ounce for the quarter was $14.09 per AgEq ounce, an increase of 1% from $13.89 per ounce in the previous quarter. The increase in cash cost per AgEq ounce was due to the addition of Jerritt Canyon which was producing at a higher cash cost compared to the previous quarter which was primarily affected by a 14-day planned semi-annual maintenance shutdown of the dual roasters.
AISC in the second quarter was $19.93 per ounce compared to $19.42 per ounce in the previous quarter. The increase in AISC per AgEq ounce was primarily attributed to the TSF2 lift project at Jerritt Canyon. The increase in AISC was partially offset by lower costs at San Dimas and La Encantada as a result of increased rates of production.
Total capital expenditures in the third quarter were $59.7 million, primarily consisting of $22.4 million at Jerritt Canyon, $14.2 million at San Dimas, $15.7 million at Santa Elena (including $9.3 million towards the Ermitaño project), $2.8 million at La Encantada and $4.6 million for strategic projects.
Q3 2021 DIVIDEND ANNOUNCEMENT
The Company is pleased to announce that its Board of Directors has declared a cash dividend payment in the amount of $0.0049 per common share for the third quarter of 2021. The third quarter cash dividend will be paid to holders of record of First Majestic's common shares as of the close of business on November 17, 2021 and will be distributed on or about November 30, 2021.
Under the Company's dividend policy, the quarterly dividend per common share is targeted to equal approximately 1% of the Company's net quarterly revenues divided by the Company's then outstanding common shares on the record date.
The amount and distribution dates of future dividends remain at the discretion of the Board of Directors. This dividend qualifies as an 'eligible dividend' for Canadian income tax purposes. Dividends paid to shareholders outside Canada (non-resident investors) may be subject to Canadian non-resident withholding taxes.
ABOUT THE COMPANY
First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Jerritt Canyon Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine.
FOR FURTHER INFORMATION contact info@firstmajestic.com, visit our website at www.firstmajestic.com or call our toll-free number 1.866.529.2807.
FIRST MAJESTIC SILVER CORP.
"signed"
Keith Neumeyer, President & CEO
I'm with you Bio, Not sure what just happened, either. I really don't care.
THat said, somebodies knew, check out today's call buying. I'm not complaining, I just hope we keep running....
Pretty easy, I sell ten contracts below what AG is trading at, so that would be the 12.5 contracts.
Sell to Open 10 AG Nov 05 2021 12.5 Put Market 0.33
I use TD-Ameritrade, they charge $6.50 for the trade, if AG is trading less than 12.50 next Friday, I'll buy a thousand shares at 12.50, even if it's trading for ten bucks. However, if it's trading for twenty bucks (where it should be) I get to keep the $330.00 less their commission. This week I'm going to buy at 13.00
I watch the price of silver listed on Barrons plus iShares Silver Trust, SLV, I love that Keith didn't sell his silver, that tells me that someone is toying with our share price, plus Keith has enough money to run our mines. I'll keep buying AG, sooner or later, Silver is going to shine and whomever is shorting AG is going to be sorry.
Roots, I think I've been doing this from 18 or so, perhaps higher. I also do the same with SLV, funny thing about that, I hardly own any SLV compared to AG. (sold 22 puts for about $240.00)
IMO, when AG reported the extra gold in the last quarter, AG should have move (as in jumped) up in share price, something stinks. IMO
Mick, I think we are the only ones watching GILD on iHub, whatever.
I bought more, could have bought better, but what the hay, I feel the sell off was uncalled for on dividend alone, we beat on earning as well as revenues, I believe investors wanted to know why Trodelvy results weren't part of the call, O'Day gave his reasons, he had to be political correct, plus what he said may very well be true; however, the FDA was never efficient but with Covid, they were working remote, hell, they hardly worked when they were at the office, plus, a lot of resources went to studying Covid itself as well as vaccination drugs. That's my nickel take on what's going on, here's what O'Day said.
Gilead CEO Dan O'Day says the delay isn't concerning, and is common in studies that require a certain number of patients to have their cancer worsen before data are analyzed. "Nothing has changed concerning our confidence" in the study's outcome, O'Day says. The delay could be a good sign, assuming Trodelvy patients are taking longer than expected to have their disease worsen. But RBC warns it could also be the control chemotherapy group causing the delay. Trodelvy had 3Q sales of $101M, in line with analyst projections. Trodelvy's sales are projected to be $689M in 2022, and to reach $2.1B in annual sales in 2025.
5PM, we'll see how close you are, I'm hoping you're a tab low.
Roots, I have been selling ten put contracts (1 Stack) for the past nine months, when the puts are put to me, I buy and hold. Like Keith, I do not sell calls on my shares for I too, think silver is undervalued.
The demand for silver has increased with 5G, an area that never existed. They are also using silver in windows to reduce heat loss as well as as a heat reflector. I'm way to foolish to know how or why this works, yet I'm smart enough to know that these new usages for the metal certainly increases the demand.
Conclusion, I agree with Keith. I also know that I never dreamed when I started selling a stack of puts each week that I would accumulate as many shares as I own.
Take care, Slim
I doubt that Gates is selling and I know that VW isn't selling, the float on QS is around 100 million shares, yet down the Hedge Funds takes us going into earnings.
Jaqdeep Singh has publicly said that the Hedge Fund that shorted QS was lying his butt off, I'm betting big that Singh will have the last laugh this Tuesday.
QuantumScape Announces Timing of Third Quarter 2021 Financial Results and Webcast
SAN JOSE, Calif.--(BUSINESS WIRE)--October 15, 2021--
QuantumScape Corporation (NYSE: QS), a leader in the development of next-generation solid-state lithium-metal batteries for electric vehicles, today announced it will release 2021 third quarter financial results after market close on Tuesday, October 26, 2021. This will be followed by a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Participating on the call will be Jagdeep Singh, co-founder and chief executive officer, and Kevin Hettrich, chief financial officer, of QuantumScape.
Starting today, October 15, retail and institutional shareholders can submit and upvote questions they would like addressed on the earnings call. QuantumScape management will respond to a selection of the most upvoted questions. To submit questions, please visit the Say online platform; shareholders at brokers with Say can participate directly in their investing app or broker website. We will accept questions on the Q&A platform until Friday, October 22, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).
The earnings call will be accessible live via a webcast on QuantumScape's IR Events Calendar page. An archive of the webcast will be available shortly after the call for 12 months.
About QuantumScape Corporation
QuantumScape is a leader in developing next-generation solid-state lithium-metal batteries for electric vehicles. The company is on a mission is to revolutionize energy storage to enable a sustainable future. For more information, please visit www.quantumscape.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20211015005325/en/
I know that I am!
L2, you digging this chit?
When earnings coming Tuesday, we are going to fly baby fly!
Holy Grail, baby..........Holy Grail
And take us over $1, get audited and listed
We be white shrimp, no more of this pink sheet chit
America must have slept on the wrong side of the bed.
Silver Futures 24.050 up 0.786 3.38%
THis is only a FYI link, I clearly have no idea if this is the company in today's post.
https://www.850businessmagazine.com/floridas-only-commercial-shrimp-farm-is-20-miles-from-the-gulf/
Not sure what you are looking at when you said, "looks like shorts are getting stronger too me"
I think you could use some new glasses, Enough Said!
No doubt, Jamie has made a ton of money for his shareholders, that said, I don't like the man. A lot of his money is on the backs of tax payers.
Not saying I like Pocahontas, but she's on to Dimon.
GL, it's just not for me.
Roots, I am not here to second guess Keith, I'm just chit chatting with you. I'll bet that AG has been stung by selling Futures in the past, while this last quarter, that might have been different.
That said, that extra gold allowing AG to sit on their silver, well you have to believe there's a smile on Keith's face that can't be wiped out. Plus, I'm certain he knows that they have shorted the living chit out of silver in face of a growing demand for the metal, while not saying a thing about a lousy dollar and inflation.
I'm liking this!
Everyone that believes that Gensler is stopping the counterfeiting.
Frank, on my side of the avenue, 5% is not a good day, it's a great day.
Good question, I don't believe they have any intentions of stopping. Way to much money to be made.
I'm not sure how they do it, but they are far from done printing counterfeit shares.
Not everyone believes they are done printing counterfeit shares, there's way to much money to be made, plus it has worked so well and for so long, why stop?
I know one person that will only believe it when Kenny is taken away.
People that are paying off those that sit in Congress can also lied to them, just don't you try it, Senor!
I leave the board cause it's not pleasant seeing how much my shares have devalued due to the corrupt market, but seeing you with your ENOUGH SAID nonsense trolling us warms my heart for someday soon, someone is going to have to account for all those counterfeit shares; that means, there will be some serious buying going on.
ENOUGH SAID
Invest,
BlackRock buys shares of different companies to make SWAPS which they sell to the Citadels' of the world. They aren't buying shares of AMC to hold as if they were Apes.
The bank's SWAP profit is the difference between the higher fixed rate the bank receives from the customer and the lower fixed rate it pays to the market on its hedge. The bank looks in the wholesale swap market to determine what rate it can pay on a swap to hedge itself. ... 20% on the swap with the customer.
Gensler is useless, the SEC Southeast Conference is run better than Wall Street, but there's nefariousness deals done in each, while nothing is being done about any of it
Hedge Funds run the SEC, Gensler wouldn't last a week in Texas without a team of some good old boys to watch over him. If anyone thinks Gensler cares about any little old shrimp company in Texas, they are in for a big surprise.
I want to know if the FDA cares about any little old shrimp company in Texas, shady things gets done down there in Texas, it's just a damn shame that shrimp just don' grow down there.
Roots, do you know if AG sells Silver Futures?
I cut this from your link:
Withheld 1.4 Million Ounces of Silver: At the end of the quarter, the Company held 1.4 million ounces of silver in inventory due to suppressed silver prices in the third quarter. Silver sales are anticipated to resume in the fourth quarter. Furthermore, the Company has not withheld sales of any of its gold production.
I like that they aren't selling sliver at these prices, but I'd like it even more if they were selling Futures at such a high price that they aren't exercised, I have to believe that they are. I own a lot of shares for me, but not enough that Keith is going to be calling for a chit chat! :(
Cramer knows about as much about Korea as my unborn child.
Cramer wanted people to buy in September because his friends owned shares from CPNG's IPO, the lockup ended in August.
Now is the time to be buying, however, I own shares bought north of 45, this is another Amazon like company, there's no reason it's stock won't also grow as did Amazon.
Yes
Coupang can deliver so quickly because most Koreans live in large cities, close to each other. Families live together, too.
South Korea has a great amount of mountains, causing most citizens to live in cities. (North Korea does, too)