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Pan American Silver Corp T.PAAS

Alternate Symbol(s):  PAAS

Pan American Silver Corp. is a Canada-based producer of silver and gold in the Americas, operating mines in Canada, Mexico, Peru, Brazil, Bolivia, Chile and Argentina. The Company is engaged in silver and gold mining and related activities, including exploration, mine development, extraction, processing, refining and reclamation. The Company also owns the Escobal mine in Guatemala that is currently not operating. In addition, the Company is exploring new silver and gold deposits and opportunities throughout the Americas. Its segments include Silver, Gold and Other. Its Silver Segment includes La Colorada, Cerro Moro, Escobal, Huaron and San Vicente. Its Gold segment includes Dolores, Shahuindo, Timmins, Jacobina, El Penon and Minera Florida. Its Other segment includes Pas Corp, Yamana Corp and other.


TSX:PAAS - Post by User

Bullboard Posts
Comment by Umpatanon Nov 14, 2012 8:49am
327 Views
Post# 20597389

RE: here is what Canaccord said about PAA

RE: here is what Canaccord said about PAA

$25.00 target price, now that is beyond delusional.  Pan American Silver will just be nationalized by Argentina even if January 1, 2013 Gold Standard comes to play.  Also, despite Silver's ability to hold water, Pan American Silver is dropping like a rock.  If there is good news, precious metals drops, and Pan American Silver will drop.  If markets have fear and precious metals rise but Pan American Silver slides.  In either case, I see no reason to cover my 50,000 Pan American Silver shares shorting on margin since $21.07.  It has now broken the 20.00 support, and will just tank from here, and will not be surprised if it retest the lows.  I hope $25.00 is sometimes next year long after a much further correction has taken place on this stock.  Many of you here who are bullish I advise to sell now and sit on the sidelines wait for the correction if you are too afraid to short something that has a 99.9% chance of dropping much further or your broker will not let you short, and wait for a much lower reentry price.

Bullboard Posts

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