It'll Pounce Hard and Continue Up Remainder of 2017Warren Buffett alwasy said to invest in companies that are down due to temporary setbacks. Like the strike issues effecting AISC in 2016. With the strike resolution and gold stabilizing in 2017, this puppy will at least double. I remember the same situation with Silvercorp SVM. I was in near bottom but chickened out and sold the pop from $.60 to $.90. Now one year later it's at almost $6.00! 10 X Gain in one year and SVM was also delisted on the US side for being under $1.00. Delisting on the US Side didn't stop the 10 X Gain rally. On the US side the in simply traded on the OTC market and the volume on the US side was still larger than the TSX Canadian side!
All I can say for you guys is not to sell the next pop. This train is ready gain momentum in 2017. Check out this chart of SVM Silvercorp. With Primero at only $114 Million Debt and $31 Million Cash, with strike issues to be over to increase the AISC, and more exploration in the future, Primero at this price could also be a buyout target. Expect at minimum a double or triple. Take a look at what SVM did! And Primero has a history of popping hard like that!
