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Pan American Silver To Buy Minefinders...

|Includes: PAAS, Pan American Silver Corp. (PAAS)

I bought back MFN on the tankage below 10, but traded out too soon in favor of a miner I felt was a better company for my needs. So my okay profit did not turn out to be a great profit. Dat's show biz.

Meanwhile, Otto over at IKN will be quite happy because he identified MFN's value (confirmed by PAAS) in his newsletter and not only held on, but averaged down. This is what people do when they see value in contradiction to price activity. In fact, NFTRH171 went on about this concept this week in a more macro sense. VALUE, people... value.

Anyway, this is one of those acquisitions that reflects well on the entire precious metals sector. I am sure when the next bull cycle comes, the garbage will rise too. But over the long term, you can't go wrong buying up value when you see it. Especially when value is at odds with the prices the markets have assigned to a specific stock or sector.

Pan American to Acquire Minefinders...

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.