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$PPPMF Primero Mining Corp., a precious metals producer, engages in the acquisition, exploration, development, and operation of mineral resource properties in Canada and Mexico. The company primarily explores for gold and silver deposits. It holds interests in the San Dimas Mine and the Cerro del Gallo project located in Mexico; and the Black Fox mine and adjoining properties located in the Timmins mining district, Ontario, Canada. The company was formerly known as Mala Noche Resources Corp. and changed its name to Primero Mining Corp. in August 2010. Primero Mining Corp. is based in Toronto, Canada.
Primero Extends Revolving Credit Facility to January 11, 2018
http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20171222:nMKWtdQzJa
One more last extension coming to an end - going to go green or red(der)?
$PPPMF Primero projects 2017 production of between 125,000 and 135,000 gold-equivalent ounces, including 110,000 to 120,000 ounces of gold and 4.5 million to 5 million ounces of silver. Output at San Dimas is now listed at 75,000 and 85,000 gold-equivalent ounces.
Gold Prices Are Headed to $10,000 With This Ammo About to Ignite
https://www.thestreet.com/story/14402093/1/gold-prices-and-federal-reserve.html
Tomorrow's the newest deadline, right? I would like to think the best thing would be a multi-year extension of the LT debt, but I don't think they could profitable operate a mine even if the gold was all laying on top of the ground... So maybe a huge price to sell it and just get out from under this one with minimal loss for me.
Yahoo finance? Not Primero's filings or website? And when Primero is utilizing all existing cash to payoff it's debt obligations… as stated by Primero mngt? Seems slave mentality is yours, as you demand others to do as you say while you further demand your laziness.
I bought some Primero, by the way. Nothing I've said suggests I'm short, as you've conjured with disdain. Own 30K shares, yet no trading here.
"Historic production" is not current. Nice try.
Fabricated my butt. Tell that to Yahoo finance Balance Sheet
Total Cash (mrq) 12.14M https://finance.yahoo.com/quote/PPPMF/key-statistics?p=PPPMF
Learn how to read "San Dimas district has been estimated to total 11 million ounces of gold and 582 million ounces of silver." http://www.primeromining.com/English/operations/producing-mines/san-dimas-mine/default.aspx
I did, as did others. Info not there buddy-boo.
Example of made up info (a lie): https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134640201
Proof to back it up:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135409890
And another with fabricated information:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135605005
And another made up, no legitimate evidence:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135135405
Completely fabricated here too:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134829438
and the response, again fabricated:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134959772
More misleading info, proposed as if current, when in fact no longer relevant or correct information as to actual current state and ownership of and by Primero:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135987033
with a reply to it:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135987033
Check their website. i never lied goofball
Higher lows. Accumulation going on
little by little, encouraging... Every step that isn't bk bodes well.
December 01, 2017 22:10 ET Primero Extends Revolving Credit Facility to December 15, 2017
(Please note that all dollar amounts in this news release are expressed in U.S. dollars unless otherwise indicated.)
TORONTO, ON--(Marketwired - December 01, 2017) - Primero Mining Corp. ("Primero" or the "Company") (TSX: P) today announced that the Company has agreed with its lenders to an extension of its revolving credit facility ("RCF") and guarantee provided by Wheaton Precious Metals Corp., previously maturing on December 1, 2017. The maturity of the RCF has been extended to December 15, 2017, providing the Company with the ability to continue negotiations surrounding its previously announced strategic review process and the possible divestiture of its San Dimas mine in Mexico. There can be no certainty that these discussions will result in a resolution acceptable to all stakeholders.
About Primero
Primero Mining Corp. is a Canadian-based precious metals producer that owns 100% of the San Dimas gold-silver mine in Mexico.
Primero's website is www.primeromining.com.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
This news release contains "forward-looking statements", within the meaning of applicable United States and Canadian securities legislation, concerning the business and operations of Primero Mining Corp. and its consolidated subsidiaries (collectively, "Primero" or the "Company"). All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release include statements regarding the expected extension of the Company's revolving credit facility, the Company's ability to continue negotiations surrounding its previously announced strategic review process and the possible divestiture of its San Dimas mine. The assumptions made by the Company in preparing the forward-looking information contained in this news release, which may prove to be incorrect, include, but are not limited to: the expectations and beliefs of management; the specific assumptions set forth above in this news release; that negotiations will continue regarding the Company's strategic review process, or that negotiations will result in any resolution acceptable to all Primero stakeholders.
Old news, Yeah, $300,000 buy.
Two of three posts now with correct information. Better than lying. Good job.
Guessing we'll have something by the end of the week? Could probably extend credit again if progress looks like it'll be good for the lenders. Hopefully they won't give their last mine away for a song and end up as corporate husk that still has crows picking at it.
Wheaton is lined up behind creditors in case of bk, right? That's probably good for us.
Gold Prices Are Headed to $10,000 With This Ammo About to Ignite
https://www.thestreet.com/story/14402093/1/gold-prices-and-federal-reserve.html
$PPPMF Primero Mines $15,000,000 Closes Sale of Cerro del Gallo
I’m guessing it is because I haven’t seen the bid uptick in about 5 months lol. Someone must like it.
Is this a good price?? Anyone?
November 27, 2017 07:00 ET
Primero Closes Sale of Cerro del Gallo
TORONTO, ON--(Marketwired - November 27, 2017) -
(Please note that all dollar amounts in this news release are expressed in U.S. dollars unless otherwise indicated.)
Primero Mining Corp. ("Primero" or the "Company") (TSX: P) today announced that the Company has closed the previously disclosed sale of the Cerro del Gallo development project (the "Project"), via the sale of all of the issued and outstanding shares of San Anton Resource Corporation, the indirect owner of the Project to Argonaut Gold Inc. (TSX: AR) ("Argonaut"). Primero has received total consideration of $15 million. The proceeds net of closing costs will be used to permanently reduce the outstanding balance on the Company's revolving credit facility ("RCF").
So we are now in the final phase of the negotiations.
We have book value of 171 million USD, so will there be anything left for Primero-Shareholders after all the dust of this mess has settled?
I'm on the fence, but holding anyway. Did you see that big buy yesterday at the end of the day? 4 million shares.
I'm still of the opinion that the company will be sold over the next few weeks. Actual shareholders equity is 171 Million, so there should be value for shareholder! Market cap of 14 Million USD is way to low imo!
$1+ coming in 2018 imo
Forget about whether $100 silver is possible — how about $1,000? https://www.marketwatch.com/story/forget-whether-100-silver-is-possible-how-about-1000-2015-07-30 #Silver #Mining #Metals
Big volume yesterday only a few minutes befor the bell!
News:
Primero Mining Corp. ("Primero" or the "Company") (TSX: P) today announced that the Company has agreed in principle with its lenders to an extension of its revolving credit facility ("RCF") and guarantee provided by Wheaton Precious Metals Corp., previously maturing on November 23, 2017. The maturity of the RCF will be extended to December 1, 2017, providing the Company with the ability to continue negotiations surrounding its previously announced strategic review process and the possible divestiture of its San Dimas mine in Mexico. There can be no certainty that these discussions will result in a resolution acceptable to all stakeholders.
Q3 has been published:
The numbers were in line!
Interesting: More Vat return in October than I expected! Cerro del Gallo has been sold for 15 Million!
If you look close on the Q2 finanacials after the big impairment last quarter you can clearly see that they valued Black Fox at 35 Million, Cerro del Gallo at 15 Million and San Dimas at 239 Million at the end of quarter 2. These valuations were the direct results from the offers they received during their strategic review process!
So there seems to be an offer for San Dimas of around 239 Million but the buyer wants to change the silver purchase agreement!
Without debt this would leave Primero with around 50 Cent cash for every share and we are traiding around 7 Cent!
Looks like an opportunity imo!
BTW: They cancelled the conference call for today! The reason? Perhaps they do not want any information conserning San Dimas to leak!!
Today they will publish their Q3 - financials and perhaps some updates conserning future of the company!
What's tomorrow (now today)?
Lol, I've lost my rear in this so it's almost all upside at this point.
What can we expect tomorrow?
Sandstorm published their numbers and with an 8% stream agreement we can expect around 17k ounces from Black Fox for the last time.
WPM got around 1 Million ounces of silver from San Dimas, so we expect around 17k ounces AuEq from san Dimas as well.
McEwen said in their Q3 discussion: They were interested in San Dimas as well, but they first had to digest Black Fox!
WPM said in their Q3 discussion:
Kevin Fu
First off just want to say thank you for the additional detail breakout of the other categories for production and sales quite helpful. Just a few questions from me, on San Dimas with Primero’s credit facility coming due in a couple weeks. Any thoughts as we approach to that deadline?
Randy Smallwood
Yes, I mean its Randy here Kevin it’s, we’re supportive in terms of working with Primero. We’ve been pretty clear about the fact that as long as progress is being made towards a solution here that we would extend that guarantee, and so we’re hopeful that Primero keeps making progress.
Anita Soni
And then, secondly in terms of have ever had your actual title on the royalty or the stream tested in bankruptcy court?
Randy Smallwood
We have in the past we’ve got a very strong security position on San Dimas. So this is a little bit different every, every partnership is different. You know, our hopes are that, we do see there is a solution here and we’re just waiting for Primero to act on that solution that would have avoid any of this kind of process, but that is up to Primero. But our security being, second rank behind the debt and the fact that we’ve guaranteed that top level debt puts us in a very, very good position with respect to this asset, hope we never have to use though.
Anita Soni
And so at this stage - I mean would we expect another extension or is that’s the 23rd is the deadline?
Randy Smallwood
Well the 23rd is the deadline, we’ve always been very clear that – in fact that's why we provided the guarantee in the first place. We’ve been very clear about being supportive to Primero as they worked their way through this process. What I can tell you is that the asset does have healthy interest, and so there is lots of – there is opportunities here and now it is up to Primero to choose their own path. We’re willing to work with them and we have been working with them and we’ll continue to work with them to hopefully get them, to take one of these paths, but they have one their choices so.
So my conclusion is that Primero still has several opportunities to solve their problems! Their biggest burden and mistake was Black Fox. They lost hundreds of millions with Black Fox. San Dimas always was their key asset and is actually valued at 239 Million USD. This valuation is based on the offers they received from potential buyers.
The whole company is actually valued at 179 Million! That is around 90 Cent per share and it is actually traiding around 0,07! Am I the only one thinking that this is way to cheap?
There are some additionally risks like the tax dispute, so I think around 30 to 50 Cent is a possible price one can get for the whole company today!
And last: I think all discussions with WPM and potential buyers/partners are already done! Primero now has to choose between selling San Dimas, selling the whole company or trying to find new finaciers or partners to remain as an independent company.
WPM has already signed their will to adjust the streaming agreement!
Tomorrow will be interesting!
But will PPPMF? PPPMF is not Gold.
PPPMF has good chance of moving higher when mngt resolves the Primero financing/debt issue by the end of this month. San Dimas sale (seems less likely), debt extension, streaming renegotiation. BK seems low odds, as at minimum San Dimas can be sold, in particular that mngt has relayed offers have knocked on mngt's door, and mngt seems fairly straight-up.
$PPPMF Gold Is About To Breakout, Here's Why - Analyst
http://www.kitco.com/news/2017-11-09/Gold-Is-About-To-Breakout-Here-s-Why-Analyst.html
A 16 month old presentation you post.
One mine in presentation no longer owned by Primero.
Your credibility is zero.
Now outdated Corporate Video with sale of Black Fox,
…and potential sale of Primero's last remaining and flagship producing mine San Dimas.
Decision of which seems apparent by the end of this month, November, 2017.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=135409960
$PPPMF Primero Mining. Primero's Corporate Video
$PPPMF 52-Week High 1.4100
Fibonacci 61.8% 0.8943
Fibonacci 50% 0.7350
Fibonacci 38.2% 0.5757
Last Price 0.0680
Thanks, jnug working out, for now.
One month do or die for Primero.
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