HIGHLY OVERSOLD, IR-time writing this post - see a
Post# of 65
https://www.barchart.com/stocks/quotes/GPL/overview
Fear and doubt are within us all, yet one has to take control of oneself.
Been reading some more, hope you find it interesting;
72 institutions hold shares in Great Panther Mining Limited (GPL), with 3.7M shares held by insiders accounting for 7.04% while institutional investors hold 23.23% of the company’s shares. The shares outstanding are 354.89M, and float is at 350.73M with Short Float at 0.65%. Institutions hold 22.99% of the Float.
So, the institution is the key; 23,23% of the shares now and hold 22.99% of the Float! Almost half of the total shares are held by major gold funds;
The top institutional shareholder in the company is Van Eck Associates Corporation with over 21.32 million shares valued at $18.17 million. The investor’s holdings represent 6.01% of the GPL Shares outstanding. As of Dec 30, 2020, the second-largest holder is Ruffer LLP with 12.25 million shares valued at $10.44 million to account for 3.45% of the shares outstanding. The other top investors are Mirae Asset Global Investments Co., Ltd. which holds 7.02 million shares representing 1.98% and valued at over $5.98 million, while Franklin Resources, Inc. holds 1.92% of the shares totaling 6.81 million with a market value of $5.81 million.
My guess is they will buy more shares and that way gain more value. We small retail investors can piggyback on the big boys until our payday.