Brien Lundin, in the April, 2015, edition of the Gold Newsletter, says hold Great Panther Silver Ltd., recently 75 cents. 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 investment is now worth $11,151. In its fiscal 2014, the company lost $33-million on revenue of $54.4-million. The writer says part of that loss was due to an $11.7-million non-cash impairment charge taken against the value of its Guanajuato and Topia mines in Mexico. Declining silver and gold prices are the reason for the losses. Great Panther's all-in sustaining costs in 2014 were $22.07 an ounce, a decrease of 16 per cent from 2013, but still not enough to overcome the drop in metal prices. Despite last year's loss, the company has no debt and a strong working capital. Great Panther also recently reported a plan to acquire Cangold Ltd., which owns the Guadalupe de los Reyes gold-silver project in Mexico, in an all-share deal valued at $1.7-million. The writer says it is a small transaction, but the development potential of Guadalupe de los Reyes bodes well for Great Panther's long-term success.