Is the bottom in?
The article makes some good points and I haven't seen a strong rebuttal to that yet. This stock is looking more and more like a dog, too many bad vibes around this one. I'd be interested only if it falls even lower, and it probably will unless someone clears things up. Be careful with this.
Damn GPL getting beaten down. . .
Well, just keep adding and keep that patience.
54% increase in cash cost per silver ounce, net of by-products, for the second quarter of 2011 to US$11.84 from US$7.70 for the second quarter of 2010. Cash costs are higher due to the impact of higher metal prices and lower ore grades while site unit costs per tonne of ore processed remain unchanged.
To follow up on the recent posts about baby-faced and diaper-rashed Ian Bezek's Swiss cheese hit job on GPL yesterday courtesy of Seeking Alpha...in a nutshell, he's getting schooled, which - to be fair - isn't hard considering it's middle school:
For convenience, here's the article he wrote: https://seekingalpha.com/article/287591-great-panther-shares-likely-to-continue-limping-lower
And here's a comprehensive summary of Ian's extensive experience: https://www.linkedin.com/in/ianbezek
Seeking Alpha should be everyone's trusted source for heavily vetted fair and balanced reporting by seasoned experts.
You beat me to it
It looks like Seeking Alpha pulled the article.
Interesting... very interesting. I've never had a stake with GPR and have been watching this closely from the sidelines, but I may be tempted to take one at these prices if everything is really nothing to worry about.
Now that is funny shit.
So now that 1) they're selling what they produce correctly and 2) they've decided to be honest about their true costs and 3) there's a plant expansion close to coming on line, this stock might just turn out to be a buy at these levels...after all these years too. So subscribers, we'll go into to numbers in this weekend's IKN Weekly, see what's what and make a measured decision. DYODD.
AG Eq Q2 2011 is 563,000 oz @ $11.84 cash costs per oz,worse than the worst years of 06 and 07.
AG Eq all of 2010 was 2.256 million oz..
GPR project 2.9 million oz Ag Eq 2011 @ $6.50-$7.50 per oz and $5 2012.
Clearly,this is not in line with Q2 production or costs.
San Ignacio has not been given a time frame for mining/milling/production.
There have been comments on the significant increase in cash costs for the second quarter. I am not an accountant, but wouldn't it seem reasonable that due to their inability to sell the concentrates, their inventory increased by approximately $4 million for the quarter. I assume they recognized the expense of this production which did not result in sales. If they carry their inventory at the lower of cost or market, the cash costs have been recognized already and when the concentrates are eventually sold, the related cash cost have already been expensed.
Am I missing something here? Please let me know, because I bought on the pull back and plan to buy more.
54% increase in cash cost per silver ounce, net of by-products, for the second quarter of 2011 to US$11.84 from US$7.70 for the second quarter of 2010.
Cash costs are higher due to the impact of higher metal prices and lower ore grades while site unit costs per tonne of ore processed remain unchanged.
There are two good articles written by Christopher Barker of the Motley Fool dated 8/17/2011 and 8/18/2011. These are a most read for Panther investors.
I have made money in this stock and plan to make more.
I discovered there was only one way in or out of the mine. We call this a road.
And they have labor problems with the teamsters.
Like we used to say in the Ninth Division, When you have them by the nuts, their hearts and minds are soon to follow.
I was in and out with a small net gain. Won't go back.
Of course, I could be wrong.
what is happening with GPR? very peculiar
want to elaborate?
want to elaborate?
call the IR person, he'll tell you all about it
As I will be calling the IR person tomorrow, I just wanted to make sure you are talking about Great Panther. The mine is in Mexico and the last time I checked, Teamsters and any other sort of organized labor did not have a big presence there. I have been to Mexico several times for work and pleasure and have not run into to many union employees. As far as a road that goes to the mine, yeah, that's how trucks get there to haul the silver concentrate to the refiner. Its a mine in the middle of Mexico, how many roads should go there?