RE:My concerns...I am still not convinced the bleeding will be over in just one day as the NASDAQ delisting looks like it is becoming more and more likely which would result in more potential sell offs.
Whichever way you look at the labour dispute it is not good - workers striking, no production - getting workers back to it will cost Primero. In the workers' eyes, they think Primero is doing much better than it actually is so they are justified in their strike action. My concern #2 has been addressesd from an earlier post (below).
Still a high risk stock - waiting until after March when they have announced details of their credit facitilty as well as some sort of guidance might be a good time to get in but not before. Will see some crazy volatility in the interim for sure!
Sorry to all those who have lost so much money on this - hope it turns around for you.
TOMMY1 wrote: I took a major hit with this stock after the big drop (after Q3 results) and decided to bail and will not jump back in as there are a few [major] unresolved issues lingering (in addition to the declining price of gold). Things could get a whole lot worse and no one seems to address these issues. I thought I would share my concerns:
1) Potential NASDAQ delisting - they have so far not maintained the US$1 price (which is required to be listed on the NASDAQ). If things don't turn around, they will be delisted. They have 5 months left:
https://www.streetinsider.com/Corporate+News/Primero+Mining+Corp+(PPP)+Receives+NYSE+Non-Compliance+Notice/12372284.html.
2) No update on labour disputes which has impacted production and which caused them to miss their Q3 guidance.
3) Credit facility to be renegotiated in March and with the company's current situation, the renew terms and interest rate may not be favourable.
If you don't agree shareholders should be concerned about the above, let me know.