GREY:GPLDF - Post by User
Comment by
AlfTanneron Jan 07, 2021 11:23pm
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Post# 32251477
RE:RE:RE:RE:RE:RE:RE:Explosion
RE:RE:RE:RE:RE:RE:RE:Explosion greendayyyy, I am relatively new to Great Panther. I like how they have positioned the company, and I like the profitability with the current price of gold and silver.
I completely agree that too many shares and a low stock price is a negative for any mining stock. However, given that Great Panther has 3 mines, I would say that 360M shares is border line but still on the acceptable side. A stock price under $1 is always bad, but that will hopefully be remedied by a higher stock price in the coming months. I will admit that I would prefer 72M shares and a $4.50 stock price. That would make the company look more attractive to long term and institutional investors.
Either way, the stock is a bargain at the current price, and I am happy to have it in my portfolio.