Great Panther 3q11

Here's an interesting chart*:

After the sales glitch reported by Great Panther (GPR.to) (GPL) earlier this year, the company then told us, on August 8th, that they'd found a new buyer and everything was hunkydory again. As this chart shows, indeed payable ounces outstripped produced ounces in 3q11 to the tune of 20k oz Ag, however if we consider the underlying difference between produced and payables at GPR, I'd guesstimate that the company has only made a 35,000 oz dent in the inventory build-up it had back in 2q11.

In other words, GPR had over half the 3q11 period to reduce that stockpile with its new buyer and didn't move so very many of those backlogged ounces. Interesting this time around, but potentially very interesting in the current 4q11 period when those numbers eventually surface.

*If you're a total nerd, at least. Count me in