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Taylor says buy Great Panther Silver

2014-12-30 21:26 ET - In the News

Jay Taylor, in the Dec. 18, 2014, edition of Gold, Energy & Tech Stocks, says buy Bob Archer's Great Panther Silver Ltd., recently 86 cents. Mr. Taylor said buy six times from May 1, 2004, to Dec. 16, 2011, at prices ranging from 41 cents to $3.86. Along the way, he said sell half on April 16, 2007, at $2.08 and the rest on Dec. 20, 2012, at $1.51. Those sales yielded profits of $2,139 and $2,110, respectively. Mr. Taylor said buy again on June 19, 2013, at 78 cents. A $1,000 investment then is now worth $1,102. Great Panther is one of the few stocks on Mr. Taylor's list that has posted a gain for the year. He finds this impressive, for two reasons in particular: The silver market has been hit even harder than gold; and the company reported a loss of $6.1-million for the first nine months of 2014. Somehow the stock has borne up despite the continuous red ink. Mr. Taylor reckons this is because Great Panther, under the "stellar" guidance of CEO Archer, has kept increasing its production through the hard times. As well, it is mainly using internal cash flow to expand, rather than dilution or debt. Mr. Taylor feels that this stock should do "exceedingly well when the sun shines again on precious metals."

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