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Golden Predator Mining Corp
Symbol GPY
Shares Issued 53,501,561
Close 2016-06-29 C$ 0.94
Market Cap C$ 50,291,467
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Taylor refreshes Golden Predator buy

2016-06-29 20:28 ET - In the News

Jay Taylor, in the June 15, 2016, edition of Gold, Energy & Tech Stocks, refreshes his buy of Golden Predator Mining Corp., recently 83 cents. He said buy on April 14, 2016, at 18.5 cents. A $1,000 investment then is now worth $4,486. Mr. Taylor is pleased with the way this stock has "exploded" since his recommendation two months ago. Part of the explosion reflects rising gold prices, which lifted all junior gold stocks. Yet Golden Predator's stock held up even on a bad day for gold prices, May 24 (when New York spot gold shed over $21). The stock also rose on May 25, even though that was the day that Golden Predator issued 27 million shares at 16 cents, raising $4.3-million. This financing boosted the company's share count to 66.6 million. Chairman William Sheriff acquired 1.9 million shares through the financing and now owns 11.6 million. Mr. Taylor likes Golden Predator's high insider ownership, as well as its two promising gold projects in Canada's Far North, called 3 Aces and Brewery Creek. Although he warns that Golden Predator's shares will likely pull back from their recent highs, he nonetheless expects the stock to eventually make its recent two-month ascent look like "kids' stuff."

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