It's better than running out of cash. It's also not a bad outcome for anyone who loaded up at 7 cents during the SPP 4 months ago who's now doubled their investment.
The analyst forecasts I've seen for Primero have the SP heading north of $9-10 next year so there could be at least another 50% gain to come.
No, it's not the 43 cents that one analyst reported, but that's only 1 analyst's opinion.
I'm not saying this is the best deal of all time but I don't think it's a disaster either.
CJO Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held