The world got a chance to look behind the curtain of the fed yesterday.
Now the world realizes that while big bens rhetoric was good, 7.6% unemployment after so many years of asset purchasing has made little dent.
You will be reading articles shortly that ask "can the fed ever dramatically reduce the size of its purchases?" or "will it need to make more?"
Big, Big trouble and I forsee huge bets against the $ andObama permitting it due to him wanting to increase the global competitiveness of the US.
The isolotionism policy has not worked....ask the man on the street whose inflation is running 4-5%... and the DOW at 15k is not a victory.
I can see another big dip coming, and unemployement numbers spiking up as whilst peolpe are happy the FED are not reducing the purchases, the spectre is there, which will hurt the certainaity that small businees neeeds to increase emloyment.
I see China coming out of this recession first. Which will help the $, and Gold/Silver
You are deludesd, silver is crashing, china inventories at all time high.
Going to be a very tough year for silver by all accounts.
May see $20 an ounce, and PAAS loses money then.
consensus is 22 tp, of course you should take the highest!
yeah and drops 3% in a day!! Great advuce.
POS company. Silver/Gold is collapsing and we spend 50m of our money buying into a junior producer.
talk about eggs in one basket.
My bad, missed it with all the spam. Funny transaction, an asset sale for stock a share purchase and a loan. Looks like they are trying the slw model. Good news form swl today should bode well for tomorrow. Bid/ask is up after hours
Pan American will subscribe for 20,600,000 Common Shares of Esperanza at a price of $1.70 per Common Share representing a premium of 29% to the 20-day volume weighted average share price on the TSX Venture Exchange and a 48% premium to the closing price on February 22, 2013 (the "Offering"); and
Current shareprice is $1.05.
Why they doing this?
Unless of course it ups production. Silver price too low . Silver been trading sideways for the first time in years either going to break up or down . Don't know which.
Link to credit Suisse comments on Nasdaq. Not picked up by fool and bots as they got paas ticker wrong. http://www.nasdaq.com/article/analyst-actions-credit-suisse-revises-estimate-target-price-on-silver-standard-cm223108#.UTfh5vq9Kc0
seems to be consolidating arounnd the $28.5 mark, just have to wait and see which way it goes now, but either way (up/down) the move will be violent
Looks like paas is finally getting it together. Decent cost control , organic growth , decent divi, in line revs and eps. With these factors clear and concise , the price of silver and gold are really the only variables. With the world economies slowly regaining their footing , one can only think that paas is priced pretty cheaply looking forwards. Hopefully the price of silver and gold can continue their bullish runs. Good luck all.
Obviously a couple of things have come out of this.
1. Did they overpay for minefinders? They seem to be decreasing the reserves since acquisition, not a good sign.
2. If they plan on taking impairment for Navidad it will last 6 years at this rate....however the flip side is that say if they take a total $300m writedown and then they get to mine it, it will be an instant 15-20% on the SP.
I did correctly predict the extra divi, it does help with the losses, LOL!
im AMAZED at the market cap considering the cash.
the divi needs to be increased to cover my losses.
I bought in at 20 Bucks. Thought that was cheap, silver went on a charge, barack got reelected, but I was repaid with a 25% loss!