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Primero Mining Corp. $PPPMF 52-Week High 1.4900
Fibonacci 61.8% 0.9437
Fibonacci 50% 0.7750
Fibonacci 38.2% 0.6063
Last Price 0.21
As I see it, correct me if I'm wrong, it will take 30.07518 shares of PPPMF for 1 AG share which at current price would give me a 50% loss. Will hold on for whatever is ahead. See a lot of write ups on 2018 being a good year for silver.Now have to research AG to form an opinion.
MazelTov is loading up here on P, buying as much as he can, going after that multi-dollar run.
Lol, so you did MazelTov, so you did.
I was curious as well SIO. I assumed my PPMF shares would become AG shares at some point, but not sure.
In fact wondering: In this deal today, are U.S. OTC shares of Primero, PPPMF, treated and converted to First Majestic shares in the same manner as the Canadian P.TO shares? And then if so, are the PPPMF shares converted to First Majestic U.S. shares (AU), or currency converted equivalent to Canadian FR.TO shares, at .03325 to one?
Anyone familiar with how this transpires upon closure of this buyout?
You can let your P.TO shares convert to First Majestic (FR.TO) shares and regain value with FR over time. Miners may take off here at some point.
You mean like this call? “Multi dollar run.”
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=137513127
TIME TO LOAD THE BOAT. $PPPMF
BOOOOOOM. TOLD YOU!
Disappointed. I should’ve averaged down more than I did. Sitting at an avg of .61 :(
Oh well. You win some and you lose some, but you live to fight another day.
VANCOUVER, British Columbia and TORONTO, Jan. 12, 2018 (GLOBE NEWSWIRE) -- First Majestic Silver Corp. ("First Majestic") (TSX:FR) (NYSE:AG) (Frankfurt:FMV) and Primero Mining Corp. ("Primero") (TSX:P) are pleased to announce that they have entered into a definitive arrangement agreement (the "Arrangement Agreement") whereby First Majestic will acquire all of the issued and outstanding common shares of Primero (the "Arrangement"). Under the terms of the Arrangement Agreement, all of Primero’s issued and outstanding common shares will be exchanged for First Majestic common shares on the basis of 0.03325 of a First Majestic common share for each Primero common share (the "Exchange Ratio").
Concurrent with execution of the Arrangement Agreement, First Majestic has entered into agreements with Wheaton Precious Metals International Ltd., a wholly-owned subsidiary of Wheaton Precious Metals Corp. ("WPM") whereby, following closing of the Arrangement, the current silver streaming interest at Primero’s San Dimas silver-gold mine (“San Dimas”) held by WPM will be terminated and First Majestic and WPM will enter into a new stream arrangement based on 25% of the gold equivalent production at San Dimas (the "New Stream") with ongoing payments of $600 per gold equivalent ounce delivered under the agreement. As part of the transaction, WPM will receive 20,914,590 common shares of First Majestic having an aggregate value of $151 million.
The Exchange Ratio implies consideration of C$0.30 per Primero common share, based on the 20day volume weighted average price of the First Majestic common shares on the Toronto Stock Exchange (“TSX”) for the period ending January 10, 2018, representing a 200% premium to the weighted average price of Primero common shares on the TSX over the same period. The total transaction value is estimated at approximately $320 million, consisting of First Majestic equity to be issued to Primero shareholders and WPM described above and certain additional amounts payable in connection with the Arrangement, including repayment of all amounts owing under Primero's existing revolving credit facility, net of Primero cash on hand and the expected repayment of Primero's $75 million of outstanding convertible debentures and various transaction expenses.
Primero operates the 100%-owned San Dimas silver-gold mine in Durango, Mexico, a premier low-cost asset with more than 100 years of mine production history. Primero has identified more than 120 epithermal veins with exploration potential. Together with First Majestic's existing six operating silver mines in Mexico, the combined company is expected to be a premier leading Mexican silver producer with pro forma annualized attributable silver equivalent production of 27-30 million silver equivalent ounces. With a strong balance sheet and liquidity profile and a diversified portfolio of seven producing silver mines in Mexico, the combined company is expected to continue generating strong free cash flow and industry leading exposure to silver prices.
DEAL FINISHED!
First Majestic Silver takes over Primero!!
Each Primero share will get 0,00325 shares of First Majestic Silver which means 0,23 USD per Primero share!
Mostly old news and garbage. One needs to believe in miracles to have any hope here.
Maybe a rise to provide exit (sellling) opportunity before news, tomorrow or soon thereafter.
I don't know...looked at the chart and looks like over half of it was in three huge sells throughout the day. Still...I try not to use the word 'hope' when discussing stock performance, but that's where I am now with this one.
Irony is I was alerted to Primero by MT, yet the false and misleading pumping is unappreciated. Nice to see P up as anticipated.
There was good volume on TSX today. 2.6 million shares traded today.
We haven't seen that much volume for months!
Maybe good news tomorrow! We will see!
PPPMF was NYSE stock and 10 dollars now 9 cents.. possible 1000% for short period of time.. producing monster amount of gold.. hit the floor, for bargain hunters.. rarely you can find.. it was following for a long time.. decided to load..
http://www.primeromining.com/
http://www.primeromining.com/English/investors/news/press-release-details/2017/Primero-Reports-Second-Quarter-2017-Results/default.aspx
Hey what is 6.6 to 13.2 it's a double ! I'm happy . If and it will hit 27 cents on Friday it's, come on and say it , yes I'm delighted. Sell if you want but why ? I'd be happy just doubling my investment now I'm going to be at least a 3 bagger. JMO
Love your pumping! Great! Super!
Sometimes correct.
Often fabricated claims.
If it keeps drifting up maybe news has leaked out. Friday 20 cents ?
$PPPMF Technically oversold / undervalued. #Elliotwave
$PPPMF next leg .40
Holy cow the bid and ask have gone up for the first time in 6 months. How can this be??
Here we go.. $PPPMF big year in 2018. Multi-dollar run imo
Primero Mining Corp. $PPPMF 52-Week High 1.4900
Fibonacci 61.8% 0.9437
Fibonacci 50% 0.7750
Fibonacci 38.2% 0.6063
Last Price 0.079
Pretty good, thanks. I’d give 3% more to each your 20% and 70% as bk seems particularly low option considering willing buyers for san dimas. I’m not familiar with current secured and first-rights holders’ percentage of equity, yet maybe a san dimas sale and then primero provides equity distribution to the various stakeholders in bk fashion after a sale of san dimas. Or is that a remote prosition as well.
My opinion:
1. 70% chance they sell San Dimas over the next few weeks
2. 20% chance Primero will operate San Dimas in the future with a changed WPM- silver purchase agreement
3. 10% chance for bankruptcy
Position 1 and 2 will mean some value for shareholder!
As Primero and WPM both stated: San Dimas is a world class asset and there is a lot of healthy interest for the mine but the key factor realy is the bullshit streaming deal with WPM. The actual silver purchase agreement is a high burden for the mine operating company and it means a dispute with the mexican tax authorities, too. WPM stated: "Primero's problems are solvable. There are solutions on the table and it's up to Primero to choose!"
Last Quarter report Q3/2017 San Dimas produced 17.070 Ounces of gold and 1.05 million ounces of silver! That would be around 39 million USD even in a bad quarter if there wasn't the bullshit streaming deal. With the streaming deal they just received around 26 Million USD revenue! The actual streaming deal is one of the most expensive in the mining sector. Very bad for Primero!
So the key factor is WPM: San Dimas could be very very profitable again with a changed streaming deal! WPM is willing to change the deal but they want compensation and in my opinion they want a new mining company to operate San Dimas. Primero management made several realy bad decissions over the last years and WPM is not willing to reward Primero for their incompetence. Primero will be kicked out of the game for their incompetence but the question is: How much money will Primero receive for leaving the gamefield on their own feet or will WPM knock Primero down and Primero will be left dead on the field?
So my speculation: WPM will choose a way through the middle! We will get around 50% of book value, which is still much more than actual marketcap and the new operator of San Dimas will get a changed streaming deal!
BTW: I expect Q4 will be much better than Q3 and perhaps Primero payed almost the RCF back or refinanced the remaining RCF. That would bring them in a much better position in negotiations!
We will see in the very near future!
If they keep san dimas, could well likely exceed 10x.
I don’t know whether sale of san dimas or will retain.
Either way seems Primero comes out better for stock valuation. BK seems, has generally seemed, unlikely. 10x looking at chart and expecting some momentum on news of finalization either way. Some hope too, though market cap reasonable at 10x. Depends on deal arranged. Mngt doesn’t seem bullshitter sheisters like with Banro.
Regarding wpm, thanks for your insight.
Wonder how much cash they are burning for ops since the last ER. It's been exceptionally quiet which I'm hoping for something more than a mine sale.
Hopefully there's enough left that we can see 25 cents. That would make me happy. Of course more is better. I just can't fiquire out what is there.
Where do you see a 10xer?
Do you expect Primero can continue as an operating miner or do you expect a sell of San Dimas finalized next week?
There is still the fate of Banro on the table? They still could fill for bancruptcy, but I doubt that. They are in a much better position than BAA was.
Primero's 3rd Quarter was not bad and I expect the 4th quarter to be even better!
I expect them to sell San Dimas next week, because I think WPM wants a new miner for their stream and wants to punish Primero as well. WPM is playing hard ball and they hold axe to cut this knot!
Primero was a mess and management knows it as well. Conway wants a final deal and will shut the door for a last time imo!
I expect a 3xer to 5xer but would take a 10xer as well!
I see a 10Xer.
Who you pumping to? And with outdated information.
In 30 days I feel we will be above 20 cents, or lower . I 'm betting on a 3 bagger !
Umm yeah they do actually. Just look at pos Banro
$PPPMF Does penny stock mine look like this? >>>>
I didn't think so either! Patience is a virtue.
https://impeller.net/magazine/news_en/doc6535x.asp
Agreed. This whole shebang at this point just comes down to whether they will continue ops and if not then how much will they get for san dimas. That said, I still added today because I got tired of looking at a weird number of shares.
I think folks have had enough pumperoni pizza. Lol
$PPPMF Traders expect silver prices to touch Rs 40,000-41,000 a kg in the physical market by the middle of this year as demand for solar panels and electrical vehicles is increasing.
Read more at:
https://economictimes.indiatimes.com/markets/commodities/news/silver-prices-likely-to-rocket-by-mid-year-on-solar-push/articleshow/62332435.cms
$PPPMF Tax loss selling is done, it's a new year, the future looks bright. And the stock price is UP! A good start for 2018.
$PPPMF watch for .50 Gold is on a tear again +10.10 +0.78%
30daychg +33.00 +2.58%
1yearchg +161.70 +14.05%
Alerts Charts
LOL, nothing like outdated info.
This mess will end in a couple of weeks! We actually have still book value of 179 million and a market cap of 12 Million! So perhaps there will some meat left on the bone for retail shareholder!
Hmmm, interesting, thanks, MazelTov:)
Finally got my price down to 12 cents, hopefully we can get to a quarter for a double. Don't know their game plan but hopefully something left at the end.
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