13:56:55 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Columbus Gold Corp
Symbol CGT
Shares Issued 141,665,086
Close 2016-05-24 C$ 0.64
Market Cap C$ 90,665,655
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Kwantes refreshes Columbus Gold buy

2016-05-24 22:13 ET - In the News

James Kwantes, in the April 30, 2016, edition of Resource Opportunities, refreshes his buy of Columbus Gold Corp., recently 55 cents. Mr. Kwantes also said buy on May 1, 2015, at 42.5 cents and on Nov. 3, 2015, at 45.5 cents. A previous editor of the newsletter, Lawrence Roulston, said buy three times from July 18, 2012, to May 26, 2014, at prices ranging from 30 cents to 41 cents. A $1,000 investment for each of the five buys is now worth $7,203. Columbus owns the Paul Isnard project in French Guiana and the Eastside project in Nevada. Its flagship deposit is Montagne d'Or at Paul Isnard. Russia's Nordgold can earn 50.01 per cent of Montagne d'Or by spending $30-million (U.S.) and completing a feasibility study by March, 2017. Separately, Columbus received some attention in March and April for its aggressive, if brief, stint as an activist investor of Eastmain Resources. Columbus made some money on its Eastmain shares and will now be able to review Eastmain's corporate data, Robert Giustra (Columbus's chief executive officer) told Mr. Kwantes. Mr. Giustra added that a major shareholder of Columbus, Auplata, has finished selling its shares. Mr. Kwantes expects this to reduce the recent selling pressure on Columbus's stock.

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