RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Joe wants more than 120 million! For what?Curv
The paths for P are very limited that provide for any decent upside in shares no doubt. They must thread the needle on execution which has lacked for years and catch some good neighbor love from Wheaton and mexico in the longer term if they can first manage to survive the revolver issue and thats a tall order.
I happen to think its a reasonable but very risky bet at this point as I have no way of really knowing where P stands in relation to tax issue or stream issue for that matter. The current length of time without resolution really has no bearing on outcome if they can keep lights on but it paints a troubling trend. I can make a reasonable argument once tax issue hit P made a concious choice to take on union and arguably take a huge loss to get labor issue on track, lower reserves with new math and only just make enough to survive in order to make a deal. Or possibly they are just the worst leaders on planet.
But selling the mine for a fat profit now is a pipe dream imo. You just cant get there from here unless maybe you change name from P to bitcoin mining. No way no how. The market knows it, everyone knows it and thats why we sit at less than a dime. The reasonable bet is to throw in towel and use P shares as tax loss.