RE:RE:RE:RE:tomorrowI also disagree. If the market always “knows” then why are there ever sudden spikes and falls in stock price anywhere? Why did the share price drop close to $0.30 in two days the first week of August if the market always knows? Alexco has been right every time. It aligns with what I have heard directly from Joe myself. Everyone can sit here and debate about what they think should happen or seem like they are the smartest people out there and speculate otherwise but the reality is the mine is getting sold and that has been the goal the whole time. At $0.25 that is a market cap of $48 million. It doesn’t seem out of the realm of possibility that’s what is left at the end of a san dimas sale.
The argument I keep seeing on here is why would primero work so hard to pay down the RCF and mine so much ore in the fourth quarter if they were just going to sell the mine. What choice did they have except take the RCF seriously with the deadline being reached? The RCF would have to be paid off either way whether they did it at the end of the sale or as they went along. If doing what they did bought them the time they needed to negotiate the sale then so be it. The last quarter imo has been all about getting as much cash in the bank while finalizing the sale with the ultimate goal of liquidating the company and have as much cash on hand for the shareholders. Sucks for the ones who bought a long time ago, but that’s the reality. Primero is a broken company. There is no saving it. They are getting what they can and moving on. So should we.