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Pan American Silver Corp. Message Board

  • chasingthesunsett chasingthesunsett Nov 13, 2012 11:28 AM Flag

    edmundaronson

    just wondered about the push down today with paas, we still feel it is highly undervalued, long jan 19 calls, wondered what you feel about short term movement-next month or so...not liking this price action...thank you

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    • coming into options expiration for nov -they will push this around and take as much as they can and pay as few-november usualy good for metals but cot report has not been flushed, open interest still high to dismay of bankers, dec delivery month coming, they got to shake some leaves-bankers are running into a stubburn lot and raids can't seem to shake them--can't advise you i got in high expecting bigger sales from santa cruz because of previous quarters overhang- couldn't factor in lack of production because of intentional slowdown and that dramatic increae in silver cost at santa cruz-not liking what i found in south america and delay at dolores but silver rise cures alot and still forcasting big production--warmcamp is very wise-ididn't realize this baby was so flawed--cde 18/20 million production at 7.50--- 215.225,000 oz gold 89million shares no debt,10mill buback in place less south american mine in bolivia gret team there and relationship modern and insured above ground mining-- this post just for discussion not advise -

      • 1 Reply to edmundaronson
      • yes to add to the discussion, these guys have over half a billion in cash. Price of silver for the quarter is %15 above q3 (and we're half way through q4 already), so revenue on similar production (which they conformed in q3 results) should come in above, and they should hopefully meet the EPS.

        What price this will be as it ex dividend is anyones guess.

        I reduced my holding by 33% at 20.5, which seems like a good move (although 100% would have been better).

        I would like to see this taken out by a larger player or a diversification into Gold.

        Sentiment: Hold

 
PAAS
8.525+0.035(+0.41%)2:45 PMEDT