RE:RE:RE:RE:Primero Q3 will be out tomorrow mornig
I dare to say they make progress! Not a bad quarter! Last quarter we have seen a big impairment in valuation! The reason were the offers they received for their assets!
- Cerro del Gallo was valued at 15 million last quarter and is sold for 15 million!
- Black Fox was valued at 35 million last quarter and was sold for 35 million!
- San Dimas was valued at 239 million last quarter, so that may be the price that had been offered with a changed SPA.
WPM made big profit out of San Dimas. They are willing to change the agreement and we will see the result very soon! Maybe they don't sell San Dimas but the whole company! Evan once told me that this is the plan but it all depends on WPM!
I have a feeling that they cancelled the conference call for a good reason! This may be no good investment but I think it's actually a good speculation or bet!