06:01:20 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Cayden Resources Inc
Symbol CYD
Shares Issued 50,944,020
Close 2014-10-23 C$ 2.93
Market Cap C$ 149,265,979
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Taylor says tender Cayden Resources

2014-10-23 20:37 ET - In the News

Jay Taylor, in the Oct. 15, 2014, edition of Gold, Energy & Tech Stocks, says tender Cayden Resources Inc., recently $3.09. Mr. Taylor said buy on Feb. 12, 2014, at $1.29 and on Aug. 13, 2014, at $2.47. Assuming a $1,000 investment for each of the two buys, the $2,000 position is now worth $3,643. Cayden has accepted a friendly takeover offer from Agnico Eagle. For each Cayden share, holders will receive one cent and 0.09 of an Agnico share, for a total value of $3.07 (as of Friday, Sept. 12). A good deal of Cayden's stock is owned by management, which supports the acquisition, so Mr. Taylor says the acquisition is "all but a formality." He notes with pleasure that the deal represents a gain of around 140 per cent since he first recommended the stock in February.

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