The pattern of sophistry over at Great Panther Silver (GPR.to) (GPL) has been clear for years. Well, clear for anyone that bothers to read their filings, at least. It's a kind of dainty dance that goes..
1) Promise great Growth! Make sure Growth! is mentioned all the time.
2) Make lame excuses when Growth! doesn't show up
3) But don't worry, just keep on promising that great Growth! Talk about Increases! too, because that's a nice positive word to mix in with Growth!
4) Return to point 2)
Want some examples? Yeah, let's do examples and there are literally dozens upon dozens to choose from, so we're going to feature just a short selection here so that you get the drift.
Here's a slice of the company's 2q10 MD&A
This is from the 4q10 MD&A
Now an example from the 1q11 MD&A
Now from the 2q11 MD&A
This last one (got the message yet?) is from the 3q11 MD&A
So we get promises of growth...and promises of growth....and more promises of growth. And hey, guess what people?
The latest NR out of GPR today tells us that 2012 will be a year of....wait....you've guessed already haven't you?...
GROWTH! So let's compare the perma-bullshit nonsense from the company's outlooks and forecasts above to how things have really done at GPR all this time:
Oh man, see that there GROWTH! NEGATIVE GROWTH! But finally let's not forget this little gem, either:
Yes indeed, Robert Archer dumped a whole bunch of his shares last year at prices 50%, 60%, 70% higher than the current levels and found himself sitting on a cool million by the time that selling was over. We're happy that at least some growth, that of his own back pocket, was achievable in this time.
So if you're sick and tired of the utter bullshit that emanates from junior mining companies, you will DYODD as well, dude.