GsvrI owned Great Panther for a long time but got out some time ago due to poor performance of management .I am thus extremely familiar with the Mexican silver assets that were purchased by GSVR for what can only be described as an absolute steal .A huge complex with lots of silver and producing plants that can be started up for very little .15 million for these assets is just an extraordinary buy .I can't remember what Panther and its predessors paid and put into this complex in the past but it must be in the hundreds of millions .
The fact that this is in Mexico has nothing to do with the price of eggs ,Mexico for centuries has been a major silver producer and there are a number of highly successful silver mines in Mexico.Sadly many precious metals producing facilities are not in the most salubrious places.
Admittedly the price of silver is low right now but sometime within the next few years we will have another silver bull market .
The new management is off to a quick start so may nibble on a few shares ,seems like a promising company to me notwithstanding the negative comments from one person .