Great Panther Mining Ltd GPLDF

RE: RE: Back to 3,50

[Jasper16]

joes2cents

I know what your saying and that was the reason for my call to Archer. 99% of the time I call Eric and he does a great job. In fact this was the only time I called him since I first bought at .51. The reasoning for my call was the long term dilution since I first bought. I wont recap the whole call but in short (this is my take and not his words) GPL would not be at $4 if he didn't do it before as the cash paid for major improvements and bumped up mining big time. That is past though and this is present. GPL took advantage of the share price to raise significant cash right now. The offer was there and tomorrow it may not be. I felt silver production cash would do it but Archer said no no no. They need current cash flow and the money to get things hopping.  (to risk all your cash on the mine and if the market was smashed again like in 2008 (yes it was a BS hit job on PM shares) then GPL would be in deep doodoo) So why risk the whole farm for a few more cows. He has to look at it as a business and not speculate, so I get it but then again I'm speculating hence the difference. 

On a side note there is nothing that says that this money can only be used for the mine. They could use it to do a buyout  of another property. Per my friend an investment adviser he told me this is common. They can't list they are or they have to disclose it which violates the NDA with the other CO. So..they could be up to something else but I don't know nor I'm I going to guess.

This is a little long winded but my take anyway so hope it helps. Currently I sold all at 4.00 during the run up and bought back half at 4.33 so I'm down on that part.

Good hunting