19:14:44 EDT Tue 16 Apr 2024
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Kaiser says buy Inzinc Mining

2016-11-08 19:43 ET - In the News

John Kaiser, writing in an Oct. 18, 2016, SVH Tracker, says buy Inzinc Mining Ltd. at 15 cents. The editor has a long history with the stock. He recommended it three times between Nov. 3, 2003, and April 2, 2008, at prices ranging from 18 cents to 28 cents. On Nov. 17, 2008, he said sell at six cents. Assuming investments of $1,000 for each of the three buys, selling at six cents would have yielded a $2,236 loss. He said buy the stock three more times through April 13, 2010, at prices ranging from six cents to 24 cents, and then said sell on Jan. 2, 2012, at nine cents. Assuming $1,000 investments for each of those three buys, selling at nine cents would have resulted in a $150 loss. Mr. Kaiser then said buy the stock back immediately at nine cents, and buy four more times through March 2, 2016, at prices ranging from eight cents to 12 cents. An investment of $1,000 for each of those five buys would now be worth $8,166. Mr. Kaiser says that the market was unimpressed when Inzinc acquired an option on an early stage zinc prospect in central British Columbia. Inzinc already owns an advanced-stage zinc project in Utah called West Desert. Mr. Kaiser says he called Kerry Curtis, who explained that West Desert is still the company's top priority, but it will also be making several acquisitions.

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