Hummmmmm
Great Panther published their year results this morning and i do think it was a bit better than expected.
First they invested some good dollars in the new Peru mine bought out this year and drilled a lot more to prove a lot larger than originally thought silver reserves.
I am still highly impressed by the fact that Great Panther has NO DEBT AT ALL.....
This company is managed like an old family business where if you want something you pay for it cash.
Their shares float is 168M so imagine the speed at which it can react on any positive news even a small one.
Silver has been slammed over the last couple of years (in fact at it's lowest since 2009....or close to it)
That means that GPL has the power to shoot up very very rapidly and their results are based only on silver price.
We know now that they are profitable at these silver price.....imagine a 10% increase toward the 18$ and some.......
At 1,17$ i think this is a steal (my opinion only)
Have fun
Great Panther published their year results this morning and i do think it was a bit better than expected.
First they invested some good dollars in the new Peru mine bought out this year and drilled a lot more to prove a lot larger than originally thought silver reserves.
I am still highly impressed by the fact that Great Panther has NO DEBT AT ALL.....
This company is managed like an old family business where if you want something you pay for it cash.
Their shares float is 168M so imagine the speed at which it can react on any positive news even a small one.
Silver has been slammed over the last couple of years (in fact at it's lowest since 2009....or close to it)
That means that GPL has the power to shoot up very very rapidly and their results are based only on silver price.
We know now that they are profitable at these silver price.....imagine a 10% increase toward the 18$ and some.......
At 1,17$ i think this is a steal (my opinion only)
Have fun
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