15:23:55 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Cangold Ltd (2)
Symbol CLD
Shares Issued 42,780,599
Close 2014-09-19 C$ 0.135
Market Cap C$ 5,775,381
Recent Sedar Documents

Taylor refreshes Cangold buy

2014-09-22 19:47 ET - In the News

Jay Taylor, in the Sept. 16, 2014, edition of Gold, Energy & Tech Stocks, refreshes his buy of Cangold Ltd., recently 15 cents. Mr. Taylor said buy nine times from June 23, 2003, to Aug. 13, 2014, at prices ranging from 4.5 cents to 45 cents (the stock rolled back 1 for 5 in May, 2011). Along the way, he twice said take some profits -- perhaps sell half -- on April 16, 2007, at 17.5 cents and on July 16, 2007, at 22.5 cents. Assuming a $1,000 investment for each buy, the two half sales yielded profits of $948 and $1,148, respectively. The remaining $7,000 position is now worth $5,576. Cangold holds the Guadalupe De Los Reyes gold-silver project in Mexico. In 2013, another company completed a preliminary economic assessment on the project, based only on open-pit mining. Cangold's president and chief executive officer, Bob Archer (who took Great Panther Silver to production in Mexico), thinks the project has underground potential as well. Cangold has started resampling drill core from the previous operator. Mr. Taylor urges investors to keep an eye on the stock, because once money starts returning to this sector, small companies with promising projects like Cangold will "explode to much, much higher levels."

© 2024 Canjex Publishing Ltd. All rights reserved.