00:59:51 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Atac Resources Ltd
Symbol ATC
Shares Issued 122,872,077
Close 2017-06-23 C$ 0.66
Market Cap C$ 81,095,571
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Lundin says hold Atac Resources

2017-06-23 21:19 ET - In the News

Brien Lundin, in the June, 2017, edition of the Gold Newsletter, says hold Atac Resources Ltd., recently 55 cents. He previously said buy three times from August, 2013, to November, 2014, at prices ranging from 46 cents to $1.23. He then said sell in August, 2015, at 40 cents. Assuming a $1,000 investment for each of the three buys, selling the $3,000 position at 40 cents yielded a loss of $1,535. Mr. Lundin said buy back into the stock in August, 2016, at 92 cents. A $1,000 investment then is now worth $597. In this brief update, Mr. Lundin says Atac recently closed its $8.34-million private placement with Barrick, issuing 16.68 million flow-through shares at 50 cents. Atac will use the money to explore its Rackla gold property in the Yukon. Part of this property has been sold to Barrick, so Atac will focus on the areas that it retained. Mr. Lundin will keep the stock as a hold while he awaits exploration results.

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