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Cube Psytech Holdings Inc. T.P


Primary Symbol: P.CUUB

Cube Psytech intends to trade on the Canadian Security Exchange. There is no date set for the closing of their Initial Public Offering at this time.


P.CUUB - Post by User

Comment by the_ocotilloon May 27, 2017 6:10pm
232 Views
Post# 26292565

RE:RE:RE:Streaming Stupidity!

RE:RE:RE:Streaming Stupidity!The silver streaming agreement is beyond stupid and probably discourages a buyout from happening (even at today's share price). Those who think it is not that big a deal, do the math. Go over the last 5 years of financials and figure out how much revenue Primero has lost out on.  (And adding insult to injury, Primero might even have tro pay taxes on that lost revenue). And consider that when they bought San Dimas the streaming agreement was changed to  "life of mine". Who in their right mind spends almost $500m to acquire an asset with this type of onerous agreement? Yes, the Black Fox mine hasn't worked out, but the current San Dimas streaming agreement is a "sword of damacles" hanging over Primero. The company can simply close down the Black Fox mine, but at San Dimas Primero is counting on the "kindness of strangers" to get them out of that mess. 
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