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Wednesday, April 15, 2015 10:56:42 AM
As you may be aware - Agnico has recently been taking part in some kind of investment road shows. It has been making presentations to some big Wall Street merchant banks - Like JP Morgan, Morgan Stanley kind of investment banks.
My guess is that this was to discuss "off the record" up coming acquisitions they they either wanted to re-finance or to raise new funds.
From what we've seen recently - Agnico seems to be on a bit of a buying spree in Jalisco. It obviously likes the extremely high prospectivity of the area and I think understands the geology very well.
They have a guy based there who runs the show very well from what I can guess. He sure knows his stuff that's for sure. I'm led to believe this guy performed the DD on Cinco Minas for Agnico - nearly two years ago.
Then don't forget - SRGE put out a press release in May 2012 saying they were going to start exploring the unexplored 80% of Cinco Minas. I'm hoping that exploration might have pushed the sale price way above what we were previously told they were looking for for just 60%.
Please note, the above post is neither a recommendation to buy or sell the stock. Everyone thinking of investing in a company should always conduct their own due diligence, to satisfy themselves, according to their own investment criteria that each compan
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