GREY:GPLDF - Post by User
Post by
YeOldGoldNuggeton Feb 07, 2011 3:17pm
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Post# 18088700
$2.80 Hilarious
$2.80 HilariousI also got that alert in my mailbox about Dundee Securities raising their target to $2.80 for Great Panther in 2011.
When I read it I thought it was one of the most hilarious statements I've read in a while. Especially considering we've already almost hit $2.80 on two previous occasions. (Early December 2010 and End December 2010)
Looking at silver futures and the ever increasing demand for actual real deliveries this can only be very bullish for the price of silver.
Then looking at Great Panther and their already two operating and cash creating mines in Mexico I'd say an estimate of $2.80 is nothing short of being very conservative.
So when GPR hits $2.80 in the first few months of this year they can sit around that big table and start patting themselves on the backs claiming how right they were? LOL ;-)
Come on.
Also, when they released their estimate we already were hitting 2.40 and if my mathematics is still up to its standards then hitting $2.80 is only a 16% increase in share price. Something which with rising silver prices is nothing short of a breeze to hit.
Mind you, we've hit a low of $1.85 a couple days ago and a run to $2.80 is over 50% increase. So OK, we mightn't get there in one run without hitting some resistance but calling $2.80 for the entire year is a joke.
I suppose other houses also saw that low estimate and thought the same I was thinking when I saw it and already raised their targets to above $3
Nothing bad about Dundee cause they only do their job but if you undervaluate a company then you're always right in the end.
Seeing as we already hit $2.64 today that only leaves 6% increase in share price before we hit $2.80 ;-)
I say, with todays news of GPR getting listed on AMEX we're well on our way to hitting that $2.80 this month. We will run into some resistance due to the run up we've had (50%) but in a stock with the volumes we're having I'd say any resistance will be easily overcome and the down won't last long...if there will be one that is.
YeOld