Gold up Stock downLife boats are in the water, is it time to abandon ship?
Management is running out of time before NYSE pulls the plug. Perhaps they should provide an update on their goals noted in the December 27th announcment.
"Primero has formally replied to the NYSE notification with the Company's intention to restore compliance to the minimum share price criteria within the prescribed time frame. Primero expects to achieve re-compliance by delivering on a number of key strategic and operational initiatives, which include, but are not limited to:
- Reducing costs and returning operations to industry-leading profitability as historically reported at its flagship San Dimas mine;
- Delivering increased cash flow from its Black Fox mine with production focus on the high-grade Deep Central Zone;
- Exploring and identifying high quality mineral resources in and around our current mines and projects."
Read more at https://www.stockhouse.com/news/press-releases/2016/12/27/primero-receives-nyse-notice#BglmDbGyQoIUuucT.99
Or perhaps they are incompetent and need to be fired.