Loading ...Great Panther Silver
Holders of GPR may want to consider switching horses..
http://www.fool.com/investing/2016/07/07/why-great-panther-silver-ltd-shares-are-losing-the.aspx
EDIT
GPR has diluted share holder value with the issue of 16.25 million new shares (below market) and 8.125 million warrants.
(Edited figures above. My apologies for misquoting the article. I still don’t like it though)
Now what: Arguably the biggest headache for Great Panther Silver shareholders are the warrants, which can be executed at $2.25. In effect, these warrants could stymie any upside in Great Panther Silver stock over the near term if warrant holders choose to execute.
Why ?
Its at support
This comment likely won’t post, but I will try anyway. GPR has diluted share value by issuing 46 million new shares (below market price) and 23 million warrants. Bummer.
…the company announced an increase to a previously announced financing deal…
Now what: Arguably the biggest headache for Great Panther Silver shareholders are the warrants, which can be executed at $2.25. In effect, these warrants could stymie any upside in Great Panther Silver stock over the near term if warrant holders choose to execute.
well seen silver fox
Why issue shares below the market plus a warrant. Poorly done and the stock is a sell for me.
That article could be written about any of the miners that have done financings recently. I don’t know what the fuss is about. Not sure where silver fox gets the 46 million shares and 23 million warrants from either?
16 million shares plus 8 million warrants. Not really a concern. After the brutal bear market we have just been through, any company that doesn’t have a big cash cushion is nutz not to raise some money now.
I have held GPR for over 8 years now. The last time I bought it was in 2008 or 2009 at under $.30. I sold 2/3 of my shares on the runup in 2010/11 and am riding the remainder for free plus a profit. Would I buy it now? Probbly not.