07:01:57 EDT Tue 16 Apr 2024
Enter Symbol
or Name
USA
CA



Carlisle Goldfields Ltd (2)
Symbol CGJ
Shares Issued 54,580,233
Close 2015-08-27 C$ 0.23
Market Cap C$ 12,553,454
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Taylor refreshes Carlisle Goldfields buy

2015-08-28 20:49 ET - In the News

Jay Taylor, in the Aug. 12, 2015, edition of Gold, Energy & Tech Stocks, refreshes his buy of Carlisle Goldfields Ltd., recently 21.5 cents. Mr. Taylor previously said buy three times from July 14, 2011, to Oct. 16, 2013, at prices ranging from five cents to 30 cents. He then said sell on Dec. 18, 2013, at four cents. Assuming a $1,000 investment for each of the three buys, selling the $3,000 position at four cents yielded a loss of $1,906. Mr. Taylor said buy back into Carlisle on April 10, 2015, at 23 cents. A $1,000 investment then is now worth $934. Carlisle and AuRico Gold are developing the Lynn Lake joint venture project together. AuRico, the operator, has a 25-per-cent interest, but can increase that to 51 per cent by spending $20-million toward the advancement of a feasibility study by Nov. 10, 2017, or to 60 per cent by actually delivering a feasibility study within the same period. The study will consider open-pit production from the MacLellan and Farley Lake gold deposits. Outside the study area, Carlisle and AuRico are working on a $4-million exploration program, with Carlisle taking over as operator. Mr. Taylor is confident that with AuRico's help, Carlisle will turn Lynn Lake into a successful gold mine.

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