There is NOT a single speck of logic for this PAAS hype job to trade at its current superbubble level, especially when you understand that PAAS mines a product that is in massive overabundance, namely silver.
The nation of India by itself is said to hold at least a 20 year aggregate supply of silver, sitting beneath the beds of the Indian public, collecting dust, and there is NO need to mine another ounce of silver for at least another two decades. The many rumors about a silver "shortage" are total BS, likely planted by the cheerleader shills working on behalf of these mostly worthless silver mining companies and even more worthless silver explorers.
The entire rationale for owning silver is FALSE and PHONY, and there is absolutely NO reason for miners like PAAS to remain in existence any longer.
People, wake up and shut down these non-essential miners, providing a product that is NOT needed. Hell, young people no longer want either silver or gold jewelry, they prefer platinum, and even my elderly grandma prefers platinum jewelry today to silver or gold jewelry, so the useless silver metal is NOT even desired as jewelry any longer.
STOP listening to old senile dinosaurs like every typical senile gold fund manager grandpa, who pumps gold and silver mining stocks, especially these ridiculously overhyped silver miners. Even worse than the senior golds are the penny junk junior silvers, most of which are completely WORTHLESS. Repeat. WORTHLESS!!!
Wake up, people, and DUMP PAAS asap before you wake up one day soon to see it trading below 5.00, on the pink sheets.
Hey, Sacred Vulture, please remained perched here for awhile. You're a great contrary indicator. (This guy has posted on the PM boards for years--usually calling everyone else "kiddies"--when he posts, its a BUY signal)
god if i didnt know better i'd say u were totally short in silver including silver. Dream on, silver has many industrial uses and growing exponentially every day. sitting on mountains of useless silver, funny one!
Awwwww, whats the matter?? Did you lose all of your money shorting Paas and silver. BBBBBBBBBBBWWWWWWAAAAAAAAAAAA!!! It seems to me that your the one who is in the wrong here. I am going to have to do some research on your claim that India has 20 years worth of silver consumption just sitting around. I wonder what it is that you think has value. The US dollar?? BBBBWWAAAA! Study your history pal or you will be doomed to repeat it.