10/14/11

Whatever makes you think that the management of Great Panther Silver (GPR.to) (GPL) is a bunch of self-serving bullshitters, Otto?

Ohhhh, just a hunch of mine, dude.


Let's compare and contrast Great Panther Silver's (GPR.to) (GPL) confident outloook statement from its 2q11 MD&A....
"The addition of new production areas from the increased development in the first two quarters, together with better grade control are anticipated to lead to increased mine output and higher grades in the second half of 2011. The recent drop in ore grades at both operations is being addressed as the cost per ounce at both mines is sensitive to grade."

 ....to the note about grade and production for the third quarter of 2011 in the NR out last night, after the bell:

"...a significant drop in ore grades resulted in metal production being lower by 18%."

It's going to be interesting to note where that fictional cash cost number GPR.to spews to the market every quarter is pitched this time, isn't it? And all this at a time when CEO Archer was selling over a million dollars of his own stock into the market.
Yeah, really.