nt'l Speculator refreshes Great Panther buy

2012-05-24 18:25 ET - In the News

The International Speculator in its May 7, 2012, issue, refreshes its buy of Great Panther Silver Ltd. at $2.23, officially, "Best buy." The newsletter said buy three times between May 2, 2006, and July 2, 2007, at prices ranging from $1.81 to $2.30. It then said sell on May 1, 2008, at $1.08. Assuming an investment of $1,000 for each of the three buys, the Speculator's sell yielded a loss of $1,502. The newsletter then said buy on Sept. 5, 2011, at $2.87, and again on March 5, 2012, at $2.65. Assuming another two investments of $1,000 each, the holding is worth $1,603. Reviewing the press releases, the writer notes Great Panther enjoyed record production in the last quarter and remains on track to continue increasing output. Combined with the San Ignacio project in Mexico advancing toward production and adding to its resource base, he remains bullish on the company's prospects. Fellow newsletter writer Jay Taylor said buy five times between May 1, 2004, and April 18, 2011, at prices ranging from 41 cents to $3.86; along the way he sold half his position.