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Great Panther?

PostPosted: Wed Apr 06, 2011 11:08 am
by Merwanseth
I recently saw this site. Does anyone have any feedback concerning them?

http://www.greatpanther.com/s/Home.asp

Re: Great Panther?

PostPosted: Wed Apr 06, 2011 5:54 pm
by Morsecode
Looks like a typical venture capital penny stock originating out of Vancouver, BC (where else?), who aggresively managed to get their stock price above $3 - the only notable requirement for gaining listing on the AMEX. They can easily maintain a pre-tax income of $750,000 simply by selling branded bullion...the odds of them ever pulling any out of the earth themselves are probably a million to one. Chances are they will spend more money on producing glossy six-color annual reports than on any actual mining operation.

That's not to say you couldn't climb on the hoopla train and ride it to $10 a share. Or in other words, exactly the kind of high risk stock I've been known to buy with both hands.

:D

But to answer your specific question...No, I don't know anything about them.