Home > Boards > US OTC > Delisted > Primero Mining Corp. (fka PPPMF)

Q3 has been published:

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Lucullus Member Profile
 
Followed By 15
Posts 1,239
Boards Moderated 0
Alias Born 04/26/06
160x600 placeholder
Lucullus   Tuesday, 11/14/17 07:33:09 AM
Re: None
Post # of 652 
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!!

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences