RE:RE:RE:Why is Primero the Most Dropped Large Cap Last 3 Years?i agree.
all the essential elements of being a profitable mining company is still there. but got the temporary set-backs from administrative issues, subsequently the market overreacted ( as it always does).
noticed the stock earlier this year, been buying and selling throughout the year, never held long. bought in again at 1.05, and sold some at last jump. will get more if it pulled back to the low 1.10s
in my opinion, good news on any of the numbers of the set-backs would shoot this puppy up, at least to the point which the SP is relevant to the gold price again. right now it is pure penny stock garbage status.
RichyRich$ wrote: Yeah Steve. I saw there was a labour dispute over employee safety and tax hike issues. From my research I saw that the higher grade low cost areas were halted for mining in 2016 due to time and money spent to make it safer. And this had them mining in only the safer higher cost areas. So this caused the AISC cost of mining to increase from apx. $1,000 up to $1,400.
Yes, a lot of people lost there shirts holding this in 2016. Not only lost money, but opportunity cost loss from missing the gold sector rebound. So it succks for 2016 holders. But for new eyeballs looking to invest. I'm reading that the labour safety issue is solved and back to normal mining in 2017 and if the AISC gets back down to $1,000. This stock can easily triple or more even if gold stays level. The tax issues will most likely get resolved. Am I missing anything here? I see this as an opportunity if Primero is down just due to temporary set-backs in 2016.