10:12:27 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



IDM Mining Ltd
Symbol IDM
Shares Issued 44,250,701
Close 2014-12-19 C$ 0.135
Market Cap C$ 5,973,845
Recent Sedar Documents

Lundin comments on IDM Mining

2014-12-19 21:45 ET - In the News

Brien Lundin, in the December, 2014/January, 2015, edition of the Gold Newsletter, comments on IDM Mining Ltd., recently 14 cents. Mr. Lundin said buy three times between February, 2011, and April, 2012, at prices ranging from 29 cents to 67 cents. He then said sell in March, 2014, at 3.5 cents. Assuming a $1,000 investment for each of the three buys, selling the $3,000 position at 3.5 cents yielded a loss of $2,802. Mr. Lundin said buy again in August, 2014, at 55 cents (the stock rolled back 1:6 on June 11, 2014). Assuming a $1,000 investment for the new buy, the position is now worth $254. Mr. Lundin says IDM has released impressive results from a 12-hole drill program at its Red Mountain project in B.C. The 141 zone, a target 280 metres away from the resource-hosting zones, returned 7.5 metres of 10.45 g/t gold within 138 metres of 1.41 g/t gold. Three other targets also yielded solid assays according to Mr. Lundin. The market chose to shrug at the news however, which the editor attributes to the general market downturn rather than the assays themselves. He continues to like this stock, but says there is no need to buy aggressively as we are entering the slow winter season.

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