Brien Lundin, in the September, 2015, edition of the Gold Newsletter, says buy Great Panther Silver Ltd., recently 51 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 position is now worth $7,582. In the second quarter of 2015, the company lost $4.7-million, which Mr. Lundin says is mainly due to a $3.8-million foreign exchange loss, a $1-million increase in amortization expense and additional exploration expenses associated with its recent purchase of Cangold Ltd. The writer then calculates the company's adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) at $4.2-million, and decides Great Panther has a promising outlook. He also notes that revenue increased to $19.2-million in the second quarter of 2015, compared with $14.5-million in the second quarter of 2014. Great Panther's management has also lowered the all-in sustaining costs at its Mexican silver mines to $12.54 (U.S.) an ounce, compared with $24.40 (U.S.) an ounce in the second quarter of 2014. The writer concludes the company will bounce back in the next two quarters and he is changing his hold recommendation to a buy.