TSX:FR   FIRST MAJESTIC SILVER CORP
First Majestic for Canadians . I posted an idea on AG a while ago and i wanted to do the canadian version for my own reference . FR has been through quite a few bouts of bad news dealing with the mexican govt which has added to the weakness in the stock price over the last year . They still have a significant amount of proven reserves , are diversifying , maintaining their dividend and actually produced more silver last quarter . Still plenty of issues but i feel the stock has been beaten down and all the bad news is in the price already . Im betting on a rise in the silver price to get this baby lit . It has completed 3 major waves down into fib support and is reacting with an upward move . I already own this but might be adding more soon . Looks decent here .
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