Hey Basher!Considering what the central bank corporation is doing to our paper money, I only intend to use the fiat for liquidity to trade from one real asset to another. I see too much risk in being in paper money rather than the metals or the mines that produce them. Companies that today have a profitable production of Gold or Silver I believe will be the greatest success stories of tomorrow. At least the ones that have enough cash to survive the occasional panic.
There’s nothing wrong with long-term investing in this company. I held a core position for several years and only recently exchanged it with the rest of my panther shares. I know well the despair of watching an investment decline. I went from a little over a dollar all the way down to 17¢ (2008) before the panther ever produced a profit. But, I held on and was rewarded for doing so. Trading isn’t for everyone and I respect those that have taken a position with long-term conviction. If I didn’t believe this company to be worthy of that, then I wouldn’t be here.
Near the market close today, I sold First Majestic in exchange for Great Panther. It was nice to receive a 2¢ per share dividend this week from the Silvercorp shares I sold on the 4th. Great Panther should pay a dividend too.
The result of my recent trading is 33% additional shares and a little cash left over. The 3rd quarter financials may be released as early as next week and I wouldn’t want to get caught being out when they are.
Bought GPL on October 26, 2011 @ $2.41
Sold AG on October 26, 2011 @ $17.44
Bought AG on October 13, 2011 @ $16.86
Sold GPL on October 13, 2011 @ $2.51
Bought GPL on October 4, 2011 @ $2.11
Sold SVM on October 4, 2011 @ 7.32
Bought SVM on September 19, 2011 @ $6.60
Sold GPL on September 14, 2011 @ $3.30
Bought GPR on June 16, 2010 @ .76¢
Good luck to all of the Honest people!
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mineshack
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