Primero has filed its 2010 management's discussion and analysis of financial condition and results of operations ("MD&A") and 2010 audited financial statements, together with its information circular on SEDAR www.sedar.com

first buy on Fed 28: : 3.97

today's close (Apr 20): 4.84

Called it a bit early - you could have got in around 3.50 in March, but that's all hindsight. A pullback is probably in order before buying any more, but what do I know? I'm not in this one to trade - this is a longer term investment for me.

If there's one negative it would be their takeoff agreement with SLW and how that affects their taxes - al explained in the MDA. I notice they bought calls to offset some of this - a bit risky perhaps, but overall this isn't a huge issue. Moire like dragging a small anchor than hitting a reef.

I like the company. Good management with solid track record - good property in a favorable jurisdiction - yada yada. Check it out if you like stocks you can sleep on.

ebear