start here

start here

The Daily IKN email digest, get all daily posts sent to you next day (& no ads)

11/14/17

Primero Mining (P.to): IKN wins a wager

Primero: Buys Cerro Del Gallo in 2012 for C$119m. Sells Cerro Del Gallo in 2017 for U$15m. Winning.


I've had a U$50 bet running with reader/pal 'MK' for the whole of this year and I just won it. The theory behind my choosing of Argonaut (AR.to) as the eventual buyer of Primero's (P.to) Cerro del Gallo is that it would take a company that's 1) larger than and also 2) even more inept and stupid than P to pay real money for that waste of concession paperwork and when it comes to Mexico, there was only one candidate.

MK, expecting your mail, sir :-)