GREY:GPLDF - Post by User
Comment by
moongroveon Jul 19, 2016 11:30am
306 Views
Post# 25065188
RE:gpl
RE:gplIf you sold out on your positions in GPR, why are you still out here posting negative comments on the stock? Just let it go.
Also, GPR from Jan 1 to its peak this year, had gone up by 250%. Albeit, this is not as high as what some other companies have climbed by, every stock has different emotional sentiment attached to it which is why some stocks rally further than the others. This has NOTHING to do with the quality of the company.
I agree the recent bought deal has diluted the stock which is why the SP has fallen from $2.60. However, at the same time Great Panther Silver has next to no debt, and one of the lowest production costs in the industry, which is why GPR WILL climb with the rise in silver prices. Additionally, I agree with the other gents that GPR is a good takeover target for other major mining companies. However, that is not something that should be used as a rationale to buy this stock as it is not presently on the table. A higher future silver price, the 2nd quarter earnings report in two weeks, and the FOMC meeting next week are the reasons you should consider buying GPR. This is a waiting game. There is a reason why patience is a virtue. Good luck to all!