10:44:13 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Kaiser refreshes his buy of Inzinc Mining

2017-12-11 21:07 ET - In the News

John Kaiser, writing in an SVH Tracker for Nov. 20, 2017, refreshes his buy of Inzinc Mining Ltd. at 13 cents. He has a long history with the stock, recommending 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 loss of $2,236. He then said buy the stock three more times through April 13, 2010, at prices ranging from six cents to 24 cents. He said sell on Jan. 2, 2012, at nine cents. Assuming $1,000 investments for each of these 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 six more times through Aug. 25, 2017, at prices ranging from eight cents to 15 cents. An investment of $1,000 for each of the seven buys would now be worth $8,873. Mr. Kaiser says Inzinc snoozed through 2017, making it one of his bigger spec-value-hunter duds. It is now raising $2-million, a financing that the editor says is already oversubscribed in terms of verbal orders. The company also has a new chief executive, Wayne Hubert, who sold his previous company, Andean Resources Ltd., to Goldcorp Inc. for $3.5-billion in 2010.

© 2024 Canjex Publishing Ltd. All rights reserved.