14:33:03 EDT Wed 24 Apr 2024
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Great Panther Silver Ltd
Symbol GPR
Shares Issued 138,528,715
Close 2014-04-16 C$ 1.08
Market Cap C$ 149,611,012
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Lundin says hold Great Panther

2014-04-17 16:52 ET - In the News

Brien Lundin, in the April, 2014, edition of the Gold Newsletter, says hold Great Panther Silver Ltd., recently $1.12. Mr. Lundin recommended Great Panther 11 times between October, 2005, and April, 2013, at prices ranging from 21 cents to $2. Assuming a $1,000 investment for each of the 11 buys, the $11,000 position is now worth $15,520. Great Panther's operations at its Guanajuato mine in Mexico were disrupted in March due to a dispute with illegal miners. According to the company, illegal miners used weapons to force their way into the mine so they could steal ore. To keep its employees and contractors safe, Great Panther hired armed security officers to guard the mine. Soon after, on March 5, an altercation with the company's security resulted in one of the illegal miners being shot and killed. Mr. Lundin says the following week 60 people occupied Great Panther's administration building at Guanajuato, and remained there for four days until the Mexican authorities were able to peacefully remove the intruders. The editor says Great Panther management did a good job working with the Mexican authorities to bring order, but he worries there is an underlying problem that the company needs to resolve because many of the illegal miners seem to have come from the co-operative that sold the mine to Great Panther in 2005.

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