10:03:45 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Atico Mining Corp
Symbol ATY
Shares Issued 97,591,571
Close 2014-12-18 C$ 0.63
Market Cap C$ 61,482,690
Recent Sedar Documents

Int'l Speculator upgrades Atico to buy

2014-12-18 21:09 ET - In the News

The International Speculator, in its Dec. 5, 2014, issue, upgrades Atico Mining Corp. (recently 65 cents) to a buy from a hold, officially, "Buy first tranche." The newsletter said buy on Nov. 8, 2013, at 49 cents. Assuming an investment of $1,000, the position is worth $1,313. The writer says he is encouraged that Atico posted net income for the third quarter, even though its El Roble mine in Colombia has not reached full production. Over all, he says, the company has great management, exploration upside and high-grade gold. Elsewhere in the issue, Louis James, Casey Research's senior metals investment strategist, says he is encouraged by gold's performance. Mr. James notes that on Nov. 25 in U.S. trading, gold opened lower, then bounced back and ended the day higher. He says that pattern has been repeated several times in recent weeks, including Dec. 1, immediately after the Swiss voted down their gold reserve referendum. "This tells me that despite all the negativity from the 'gold is dead' and 'gold is going below $1,000' crowds, there are plenty of buyers in the market today who see the current price range as cheap and are willing to act whenever gold dips," Mr. James says.

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