GPL: With the market up more than ever after a long streak of down days, we are looking for undervalued silver stocks. One stock we feel is very undervalued with a huge potential in upside is (GPL); Great Panther Silver Limited, together with its subsidiaries, engages in the acquisition, exploration, and development of precious and base metal properties in Mexico. From a technical standpoint, GPL is definitely over sold and has the potential to break-out very soon. The company as a whole shows tremendous growth in the near future and is definitely a company to be watching. The upside is that GPL is a very cheap stock and we could definitely see this stock over $3-5 by next year.
VANCOUVER, BRITISH COLUMBIA–(Marketwire -11/30/11)- Great Panther Silver Limited (TSX: GPR.TO - News)(AMEX: GPL -News) (“the Company”) is pleased to announce that underground drilling programs at the Company’s wholly owned Guanajuato Mine have been successful in confirming continuity of the Santa Margarita gold-silver vein plus two footwall veins between the 435 and 500 metre levels, and in extending the Guanajuatito silver-gold mineralization below the 100 metre level, down to the 390 metre level (see also news release January 27, 2011).
VANCOUVER, BRITISH COLUMBIA–(Marketwire -11/14/11)- GREAT PANTHER SILVER LIMITED (TSX: GPR.TO - News)(AMEX: GPL - News) (or “the Company”) announces the financial results for the three and nine months ended September 30, 2011. Great Panther is pleased to report revenues for the nine months ended September 30, 2011 of $40.3 million, representing a 42% increase over the same period in the prior year. The Company also significantly grew earnings from mining operations to $20.9 million for the nine month period, a 97% increase over the comparable period in 2010. Revenues for the three months ended September 30, 2011 increased by 46% to a record $16.3 million, while earnings from mining operations increased by 78% to $8.3 million. Working capital increased to $53.8 million from $18.8 million at December 31, 2010. The full version of the financial statements and management’s discussion and analysis can be viewed on the Company’s website atwww.greatpanther.com or on SEDAR at www.sedar.com.
Disclaimer: We have a position in GPL. We are not liable for anything you purchase.