FYI
Int'l Speculator says hold legal-snarling Great Panther
2007-05-24 21:08 ET - In the News
The International Speculator in its May 1, 2007, issue says hold Great Panther Resources Ltd. ($1.84). The newsletter said buy in May, 2006, at $2.27, and in January, 2007, at $2.30. An investment of $1,000 each time is worth $1,562. The Speculator's writer gets down to the business of relaying Great Panther's press releases for his readers, pointing out the April 28, 2007, statement on legal goings-on in Mexico. The upshot is the filing of a lawsuit to unwind the sale of the Guanajuato property. Despite the Speculator's long-held contention that investors should run away from property disputes when the lawyers get serious, this time it says hold. The reason is that senior editor Louis James visited the site in February and got to know the labourers. Since he detected no sign of simmering resentment, those who brought the lawsuit do not have public support. "We believe the suit is frivolous and that GPR will probably win this one hands down," argues the writer, who says buy if the price drops much further. The Gold Newsletter's Brien Lundin said buy in October, 2005, at 58 cents and in August, 2006, at $1.51. Jay Taylor in his Gold & Technology Stocks said buy in May, 2004, at 41 cents.