22:33:56 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Premier Gold Mines Ltd
Symbol PG
Shares Issued 151,320,324
Close 2013-10-21 C$ 2.14
Market Cap C$ 323,825,493
Recent Sedar Documents

Int'l Speculator says buy Premier Gold Mines

2013-10-21 20:06 ET - In the News

The International Speculator, in its Oct. 7, 2013, issue, says buy Premier Gold Mines Ltd. at $2.03, officially, "Buy first tranche." The newsletter said buy three times between Jan. 2, 2008, and Jan. 2, 2009, at prices ranging from $1.55 to $2.69. It then said sell some -- perhaps half -- on Jan. 4, 2010, at $4.29. Assuming an investment of $1,000 for each of the three buys, selling half of the $3,000 investment at $4.29 yielded a $1,961 profit. It then said buy six more times between Oct. 4, 2010, and April 4, 2013, at prices ranging from $2.57 to $6.59. Assuming six more $1,000 investments, and taking into account the remaining $1,500 left from the Jan. 4, 2010, one-half sale, the total $6,500 investment is worth $4,139. The writer likes Premier because it is designed for takeover, with all of its projects boasting high grades and located near active mines. He believes exploration under way at Premier's joint venture with Goldcorp Inc. at Red Lake has "company-maker" potential, and diamond drilling is under way. The promoter, Ewan Downey, is very excited about this prospect. The writer also likes the small but high-grade Cove project in Nevada, which provides Premier's near-term speculation.

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