14:17:45 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Inzinc Mining Ltd
Symbol IZN
Shares Issued 108,885,419
Close 2018-05-11 C$ 0.115
Market Cap C$ 12,521,823
Recent Sedar Documents

Kaiser says buy Inzinc in spite of recent selling

2018-05-11 21:36 ET - In the News

John Kaiser, writing in an SVH Tracker for April 20, 2018, says buy Inzinc Mining Ltd. at 11 cents. The editor has a long history with the stock. He said buy three times between Nov. 3, 2003, and April 2, 2008, at prices ranging from 18 cents to 28 cents. On Nov. 17, 2008, he said sell at six cents. Assuming investments of $1,000 for each of the three buys, selling at six cents would have yielded a $2,236 loss. He said buy three more times through April 13, 2010, at prices ranging from six cents to 24 cents. He said sell on Jan. 2, 2012, at nine cents. Assuming $1,000 investments for each of the three buys, selling at nine cents would have resulted in a $150 loss. Mr. Kaiser then said buy the stock back immediately at nine cents, and buy six more times through Aug. 25, 2017, at prices ranging from eight cents to 15 cents. An investment of $1,000 for each of the six buys would now be worth $7,508. Inzinc is drilling six to eight holes at its West Desert project in Utah. Meanwhile, Mr. Kaiser says someone has been pounding out stock, noting that on April 13, and April 20, the first and second tranches of a $3.5-million private placement came free trading. The only plausible explanation for the selling, Mr. Kaiser says, is that some of the 105 placees who took down 34.8 million units at 10 cents four months ago are clipping the 15-cent half-warrant and dumping the stock to get a free ride on the discovery upside.

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