The International Speculator, in its Jan. 7, 2012, issue, says buy Alexco Resource Corp. at $3.56, officially, "Best buy." The newsletter said buy 11 times between May 2, 2006, and July 6, 2012, at prices ranging from $1.30 to $7.80. Assuming an investment of $1,000 for each buy, the $11,000 position is worth $10,538. The writer scans the press releases but does not find much worth reminding his subscribers about. He notes Alexco's shares took a hit on tax-loss selling. He remains a strong supporter of the company, saying he expects more high-grade production at the company's Bellekeno mine in the Keno Hill silver district of Yukon. He also figures the stock is on sale. Alexco continues to advance Onek and Lucky Queen toward production at Keno Hill. Elsewhere in the issue, "senior metals investment strategist" Louis James comments on what it takes to be a successful contrarian. For example, the 1867 Alaska buy from Russia was not viewed generally as a prudent move at the time, despite the price of only two cents an acre for the vast northern territory. Despite criticism, then-Secretary of State William Seward sealed the deal, but the moniker "Seward's Folly" would stick for many years. History, however, proved him correct.
© 2016 Canjex Publishing Ltd. All rights reserved.