The deal that cinched my negative opinion of Prinero management was when they stupidly overpaid for Cerro Del Gallo in 2012, laying out C$119m.
I will give them credit for one thing; they just found an even more incompetent management team, from Argonaut Gold, to pay U$15m to buy this essentially worthless 'asset'.
Speaking of companies to avoid, I used to own some shares of Kerr Mines when they were trying to reopen some gold mines in Ontario. Now they have new management and properties and are firmly in the hands of the pump and dump promotional crooks, whose only real interest in mining in prospecting for cash from the wallets of unsophisticated and/or dumb investors.
if you are nimble and connected, you can make money by playing the promotional cycles of these pump and dump schemes, but I prefer not to associate with crooks.
LC
