Primero Mining Posts Solid 1Q

How this stock is still under $3 a share is beyond me.

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First Quarter Highlights:

--  Improved Earnings and Cash Flow: Adjusted 

    net earnings of $18.8 million ($0.21 per share) 

    were improved from $1.6 million ($0.02 per share) in
    2011 and operating cash flow before working capital 

    changes increased to $21.3 million ($0.24 per share) 

    from outflows of $1.2 million (-$0.01 per share) in 2011; 

    prices to commence in May.

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Cash Position Continues to Grow


 The Company's cash position increased to $86.3 million 

 at March 31, 2012(after paying the initial $9.4 million

 principal and interest payment on the promissory note held 

 by a subsidiary of Goldcorp Inc. in January) from the December 31, 

 2011 balance of $80.8 million. The Company continues to invest in organic 

 growth while building on its balance sheet strength 

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Expecting big things from Joe Conway (formerly CEO of IAMGOLD) and Primero. 

I am long Primero(Quote - PPP).