05:56:30 EDT Thu 28 Mar 2024
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Great Panther Silver Ltd
Symbol GPR
Shares Issued 139,341,040
Close 2014-10-28 C$ 0.92
Market Cap C$ 128,193,757
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Lundin says hold Great Panther

2014-10-28 20:47 ET - In the News

Brien Lundin, in the October, 2014, edition of the Gold Newsletter, says hold Great Panther Silver Ltd., recently $1.13. Mr. Lundin said buy Great Panther 12 times between October, 2005, and June, 2014, at prices ranging from 21 cents to $2. Assuming a $1,000 investment for each of the 12 buys, the $12,000 position is now worth $16,800. Mr. Lundin says Great Panther is a staple of his newsletter's primary silver plays. He says that because most silver production comes as a byproduct of mining other metals, companies like Great Panther are few and far between. As a primary silver producer, the company offers investors a leveraged way to take advantage of spikes in silver prices. Mr. Lundin notes that Great Panther's two main mining operations, Guanajuato and Topia, are both in Mexico, and both mines are not hedged to silver prices. The company also recently filed a shelf registration in Canada and the United States for up to $80-million. The editor says given Great Panther's cash flow, it seems unlikely that the company would need to tap that full amount, but it provides investors with security knowing that in a difficult market management has access to capital. Mr. Lundin concludes Great Panther is a hold.

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