Like What I SeePrimero CEO Joe Conway on BNN Commodities show yesterday. Good interview and worth watching.
Not sure how to do link, but it’s their Feb 24 broadcast.
https://www.bnn.ca/Shows/Commodities.aspx
Note insider confidence also seems to be very high at Primero. Insiders have recently bought almost $400,000 in shares on the open mkt btwn Nov 12-Jan 19 btwn $4.24-$5.95. See below.
One Year Public Market Bias
Company Officers and Directors
Buying Selling
CEO $317,514 None
CFO $9,980 None
OFFICER $22,488 None
DIRECTOR $43,139 None
Total $393,121
Net Buying $393,121
I like;
- the gold/silver space
- fact P shares are beaten up and hopefully putting in a bottom around this level…either way…looks like ltd downside from here…with much greater upside potential
- experienced management with great track record
- low cost producing gold/silver mine…with anticipated further cost savings
- exploration upside potential and fact they are going to be aggressively drilling up resource this year
- large insider buying …with no selling
- safe mining friendly area/country
- well funded
- good positive analyst coverage
- large institutional holdings with lots retail upside...and fact this play still relatively 'undiscovered' by the rest of the 'heard'
The only thing that's not on my wish list is good technicals…but hey…I’m thinking (hoping) we may be testing the bottom here around $4.
Under $4, all in all…risk reward looks very attractive indeed …so and I’m in!!!
Happy investing and GLTA longs!