13:30:01 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Goldquest Mining Corp
Symbol GQC
Shares Issued 215,732,384
Close 2017-04-20 C$ 0.465
Market Cap C$ 100,315,559
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Lundin refreshes Goldquest buy

2017-04-20 22:03 ET - In the News

Brien Lundin, in the April, 2017, edition of the Gold Newsletter, refreshes his buy of Goldquest Mining Corp., recently 53 cents. Mr. Lundin previously said buy in April, 2013, at 35 cents and in June, 2014, at 27 cents. He then said sell in April, 2015, at nine cents. Assuming a $1,000 investment for each of the two buys, the sale yielded a loss of $1,439. Mr. Lundin said buy again in May, 2016, at 31 cents and in November, 2016, at 42 cents. A $1,000 investment for each of those two buys is now worth $2,970. Goldquest recently completed a $22.86-million private placement with Agnico Eagle. The larger company bought 38.1 million shares of Goldquest at 60 cents, thereby taking a 15-per-cent interest. Goldquest will use the money to explore and develop various assets in the Dominican Republic, including its core Romero project. Mr. Lundin is pleased to see "the smart money" backing Goldquest and its properties. The stock provides good value at current levels and remains a buy, especially on any significant weakness.

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