Primero Mining Corp. (fka PPPMF)

[IVRT]

That is quite fantastical. May be a trip to 12 to 15 cents a share will chase most PPP investors away,and with the proverbial blood in the street contrarian view Yahoo is touting buy into the bottom and hoping to see higher stock prices; however, the NYSE has given PPP, until the 30th of next month to get their stock price in order. With the latest pr, I would say PPP's days on the NYSE are numbered. As a going concern PPP is selling one mine and taking a 300 million dollar impairment. The current share price eludes to that loss going forward via a substantially lower share price. PPP has stated they are looking for partners or buyers of their producing mine and/or other assets. If they sell the San Dimas mine, PPP will have another impairment, and PPP's share price will be nearer 5 cents a share or less. Finally, their financially ability to finance their operations is jeopardized which brings us to the CEO having to look to alternate ways to increase shareholder value. That could be any enterprising venture. That could be mining or a totally different direction for PPP. It's all in the pr.

http://www.marketwired.com/press-release/primero-reports-second-quarter-2017-results-2229667.htm