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