Opinions
Dennis da Silva
Primero Mining Corp
P-T
TOP PICK
Jan 30, 2014
$6.170
Stock price when the opinion was issued
Mining
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HOLD
DON'T BUY
Almost went bankrupt. They are trying to get an electronic version for the rail lines. Had high debts and were burning a lot of cash. Were losing money on their first 2 projects. Recently found some financing with convertible debts from Teachers. Needs to see some contracts being signed.
transportation equip & components
DON'T BUY
Changing power systems of rail changers. Technology has been good but weren't able to make any profits. Have been selling at a loss. Trying to restructure and now that they have a financing in place they possibly can be more successful in getting sales. Would like to see some sales ramp up.
transportation equip & components
Within the context of gold and it’s range $1100-$1300, names like this one will start to stand out because of their cost structure. It is now in Ontario, was only in Mexico previously. Blank Fox mine goes from 160,000 oz to 250,000 oz and there can be lots of exploration as well as growing in Mexico. Very good free cash flow generation.