Loading ...I woke up this morning with this thought regarding First Majestic’s announcement last week and my commitment to contact IR of the miners.
PM Mines are depleting asset. Every ounce that comes out of the ground has to be replaced.
The Management & Board of Directors of the PM Mining Companies have a fiduciary responsibility to their shareholders to get the best price for their product.
I am not a lawyer, but if management has any knowledge, or even suspicion of price suppression (and how could they not after 20 years of GATA ?), and they take no action, are they not legally liable?
The Fed, JPM & GS maybe immune to prosecution but, if there is any remnant of justice left in the US, the mining management shouldn’t be.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Go Keith Neumeyer of First Majestic!
Posted by ipso facto @ 13:39 on October 24, 2014
Mining CEO Seeks to Form Physical Silver Cartel to End the Paper Manipulation
Mining CEO Seeks to Form Physical Silver Cartel to End the Paper Manipulation