NIA is Buying Great Panther Silver (GPL)
Back in August of 2010, NIA’s President accumulated 504,600 shares of Great Panther Silver (GPL) between $0.70 and $0.80 per share. On October 4, 2010, with GPL trading for $1 per share, NIA released an exclusive private report to a select group of NIA members announcing GPL as its #1 favorite silver stock suggestion for the following 12 months. On March 7, 2011, GPL hit a high of $4.90 per share for a gain of 390% in just 5 months! NIA’s President sold his position in early 2011 at about $4.50 per share, earning a short-term profit of nearly $2 million!
One week ago, NIA’s President began accumulating GPL once again – at only $0.35 per share! NIA expects GPL to quickly become a triple digit percentage gainer from these current levels. In second quarter 2015, GPL‘s silver cash production costs were only $6.63 per ounce – down 56% from its second quarter 2014 production costs of $15.03 per ounce! Not only did GPL reduce its cash production costs by 56%, but it increased its silver equivalent production by 51% to a record 1,088,355 ounces!
No other silver miner in the world has been rapidly growing production while dramatically reducing costs! Unlike nearly every other silver miner, GPL is completely debt free with a huge cash position! We have visited GPL‘s operations in Mexico and plan to take another trip down there very soon!
NIA currently owns 50,000 shares of GPL. NIA intends to add to its position but can also sell its position at any time. Past performance is not an indicator of future returns. NIA is not an investment advisor and is not making any target prices or financial projections. Always do your own research and make your own investment decisions. NIA never recommends to buy or sell any stock. This message is not a solicitation or recommendation to buy, sell, or hold securities. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment advice.