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Pan American Silver Corp. Message Board

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  • insurancedirector insurancedirector Nov 13, 2012 4:41 PM Flag


    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

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    • I would say that I agree with most of the comments that have been made. I'm, also, surprised at how undervalued the share price is at this point. I guess that I was hoping that the management would be a little more aggressive in defending the share price. With silver at approximately $32/oz, and a balance sheet possessing more than a half billion in cash (with little to no debt), one would think that the management would put the cash to work by increasing the dividend, declaring a special dividend, or possibly increasing the share repurchase program. At some point, this company becomes an attractive takeover target- as this company somewhat resembles TIE (a company with cash on the balance sheet, possessing little to no debt, and possessing a similar market cap).

      As always, any comments and/or feedback would be appreciated.

      Good discussion!

      Sentiment: Hold

      • 1 Reply to marke_60195
      • cde presented yesterday at dahlam rose and talked very briefly about a jv in santa cruz and afer 10yrs there not as concerned as if having no experience-project entering into pre feasibility stage--and listened to ssri presentation they are dealing with argentina difficulties and claimed thet are able to repatriate funds i think direct silver costs 12.50 -krebbs cde ceo also brought up bolivia and stated would not want to be there if not for outstanding team in bolivia--tried to access paas who presented but having trouble finding a route-

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