RE:SANDSTORM/agreement with Primero
The information the Sandstorm refers to is not ,comparatively, new. Several weeks old. The bad thing is that there's no support levels down there below US$2.50 since 2010-2011.Because of that It's hard to predict where the drop will stop. And the volume today was big on both exchanges. Looks scary. Too late to get out and too early to buy some more to do infamously "average down" thing. Some other gold stocks I follow wouldn't go down as I expected them to do so, stubbornly holding their ground. But Primero dived in unchartered territory. Generally speaking, fundamentals haven't change. Big problem with silver export has been resolved. Things don't seem that grim to justify such a drop. But I've always had an impression that the market (or big players) favoured Primero more than it actually deserved relative to it's fundamentals. If now this favour is gone it's hard to predict where the sp will go.