Primero Mining Corp

P-T

Analysis and Opinions about P-T

Signal
Opinion
Expert
COMMENT
COMMENT
March 7, 2017

Doesn’t think there is anything particularly wrong with this from an asset perspective. It just its small size. It has reasonable levels of debt. In this kind of environment, you want to be a little more choosy. He would rate this as a Hold or more possibly a Sell.

Show full opinionHide full opinion

Doesn’t think there is anything particularly wrong with this from an asset perspective. It just its small size. It has reasonable levels of debt. In this kind of environment, you want to be a little more choosy. He would rate this as a Hold or more possibly a Sell.

COMMENT
COMMENT
January 3, 2017

This is a stock that he would never tell somebody not to play it. He likes mining and he likes gold going forward. If that has any correlation to the stock at all, and it does have any push at all, you could be a buyer here, but he wouldn’t put all his money in. This is going to take time and/or results to get it moving.

Show full opinionHide full opinion

This is a stock that he would never tell somebody not to play it. He likes mining and he likes gold going forward. If that has any correlation to the stock at all, and it does have any push at all, you could be a buyer here, but he wouldn’t put all his money in. This is going to take time and/or results to get it moving.

WATCH
WATCH
November 11, 2016

There is a Mexican tax issue, but he is not concerned. Thinks it will be solved by negotiation or arbitration. He is concerned about the operating results and the general administrative expense relative to operating revenues. Doesn’t see himself becoming a holder of this stock.

Show full opinionHide full opinion
Primero Mining Corp (P-T)
November 11, 2016

There is a Mexican tax issue, but he is not concerned. Thinks it will be solved by negotiation or arbitration. He is concerned about the operating results and the general administrative expense relative to operating revenues. Doesn’t see himself becoming a holder of this stock.

PAST TOP PICK
PAST TOP PICK
July 26, 2016

(A Top Pick June 17/15. Down 45.95%.) A gold/silver producer in Mexico. A difficult story. Great cash costs and you have a fantastic mine, but they made an acquisition in the Black Fox mine in Ontario, which has not worked out as expected. Also. there has been a CEO transition that was unexpected. More importantly there has been a tax agreement in Mexico and the Government said they had to pay a tax on silver on the spot market, not on what they actually received. Feels the risk/reward is favourable.

Show full opinionHide full opinion

(A Top Pick June 17/15. Down 45.95%.) A gold/silver producer in Mexico. A difficult story. Great cash costs and you have a fantastic mine, but they made an acquisition in the Black Fox mine in Ontario, which has not worked out as expected. Also. there has been a CEO transition that was unexpected. More importantly there has been a tax agreement in Mexico and the Government said they had to pay a tax on silver on the spot market, not on what they actually received. Feels the risk/reward is favourable.

TOP PICK
TOP PICK
June 17, 2015

A gold producer out of Mexico. 250,000 ounces a year. Costs are about $1,000 all in, so you have a good margin of a couple of hundred dollars an ounce. That generates free cash flow which is the main driver. Sees free cash flow of around 6%-7%, coming mainly from the San Dimas mine in Mexico. What is really compelling, which is lost on a lot of investors, is the wealth creation potential from that mine. A new discovery called Jessica has 2X the grade in gold and 4X the silver grade, and is not far from their existing mine.

Show full opinionHide full opinion

A gold producer out of Mexico. 250,000 ounces a year. Costs are about $1,000 all in, so you have a good margin of a couple of hundred dollars an ounce. That generates free cash flow which is the main driver. Sees free cash flow of around 6%-7%, coming mainly from the San Dimas mine in Mexico. What is really compelling, which is lost on a lot of investors, is the wealth creation potential from that mine. A new discovery called Jessica has 2X the grade in gold and 4X the silver grade, and is not far from their existing mine.

DON'T BUY
DON'T BUY
March 23, 2015

There is not too much company specific. It is trading in line with gold generally.

Show full opinionHide full opinion

There is not too much company specific. It is trading in line with gold generally.

PAST TOP PICK
PAST TOP PICK
March 3, 2015

(A Top Pick Jan 30/14. Down 32.58%.) Chose this on the basis that it had a nice stable mine in Mexico, sub-$1,000 all-in costs, good free cash flow generator and did an acquisition in Ontario. Was under capitalized and is going to take a little longer with possibly a little more capital than was initially expected. He is looking for an entry point on this, and for a couple of more quarters of no surprises.

Show full opinionHide full opinion

(A Top Pick Jan 30/14. Down 32.58%.) Chose this on the basis that it had a nice stable mine in Mexico, sub-$1,000 all-in costs, good free cash flow generator and did an acquisition in Ontario. Was under capitalized and is going to take a little longer with possibly a little more capital than was initially expected. He is looking for an entry point on this, and for a couple of more quarters of no surprises.

PAST TOP PICK
PAST TOP PICK
November 5, 2014

(A Top Pick Jan 30/14. Down 39.06%.) Sold his holdings as part of his reduction in gold. Had a pretty healthy capital loss, so he utilized that to offset some of the big gains on the other side. The stock performance was not just about gold, but some of their activities. This is still a name that he would add to at the right time if he wanted a little more gold exposure.

Show full opinionHide full opinion
Primero Mining Corp (P-T)
November 5, 2014

(A Top Pick Jan 30/14. Down 39.06%.) Sold his holdings as part of his reduction in gold. Had a pretty healthy capital loss, so he utilized that to offset some of the big gains on the other side. The stock performance was not just about gold, but some of their activities. This is still a name that he would add to at the right time if he wanted a little more gold exposure.

COMMENT
COMMENT
March 25, 2014

(Market Call Minute.) Great company. Phenomenal management.

Show full opinionHide full opinion

(Market Call Minute.) Great company. Phenomenal management.

TOP PICK
TOP PICK
February 3, 2014

Run by one of the better CEOs in the industry. In the process of acquiring an Ontario gold producer. Production will be 250 oz per year. It will get onto the radar of others who have not looked at them in the past. Lots of free cash flow. 5% yield with potential to grow over time. Ontario and Mexico are two of the best jurisdictions in the world. Thinks there is potential for a re-rating.

Show full opinionHide full opinion
Primero Mining Corp (P-T)
February 3, 2014

Run by one of the better CEOs in the industry. In the process of acquiring an Ontario gold producer. Production will be 250 oz per year. It will get onto the radar of others who have not looked at them in the past. Lots of free cash flow. 5% yield with potential to grow over time. Ontario and Mexico are two of the best jurisdictions in the world. Thinks there is potential for a re-rating.

TOP PICK
TOP PICK
January 30, 2014

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.

Show full opinionHide full opinion
Primero Mining Corp (P-T)
January 30, 2014

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.

PAST TOP PICK
PAST TOP PICK
December 11, 2013

(A Top Pick Oct 30/12. Down 29.09%.) Still, a big believer in this company. Good management. A lower cost producer. Still a Buy.

Show full opinionHide full opinion
Primero Mining Corp (P-T)
December 11, 2013

(A Top Pick Oct 30/12. Down 29.09%.) Still, a big believer in this company. Good management. A lower cost producer. Still a Buy.

HOLD
HOLD
November 5, 2013

Chart shows a parabolic upward move in 2012. After that aggressive rally, it started to trend down in a channel. However, it has recently had a bit of an upward breakout. That could be good news for the stock and it could get up to $6.50-$7.50. Be careful as once it starts getting into those old resistance points, it may reverse.

Show full opinionHide full opinion
Primero Mining Corp (P-T)
November 5, 2013

Chart shows a parabolic upward move in 2012. After that aggressive rally, it started to trend down in a channel. However, it has recently had a bit of an upward breakout. That could be good news for the stock and it could get up to $6.50-$7.50. Be careful as once it starts getting into those old resistance points, it may reverse.

PAST TOP PICK
PAST TOP PICK
September 17, 2013

(Top Pick Oct 30/12, Down 27.81%) Continues to be a good mine in Mexico, creating free cash flow and ramping up production. It is just that the market is off and you can’t do anything about that. The gold price will dictate what happens.

Show full opinionHide full opinion
Primero Mining Corp (P-T)
September 17, 2013

(Top Pick Oct 30/12, Down 27.81%) Continues to be a good mine in Mexico, creating free cash flow and ramping up production. It is just that the market is off and you can’t do anything about that. The gold price will dictate what happens.

TOP PICK
TOP PICK
October 30, 2012

Management has unlocked a huge amount of value in this asset. Trading at about 7X cash flow. Expanding production. Has great potential to become a dividend player. Could see this $10 or higher in 12 months.

Show full opinionHide full opinion
Primero Mining Corp (P-T)
October 30, 2012

Management has unlocked a huge amount of value in this asset. Trading at about 7X cash flow. Expanding production. Has great potential to become a dividend player. Could see this $10 or higher in 12 months.

Showing 1 to 15 of 15 entries
  • «
  • 1
  • »