20:36:29 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Kaiser refreshes his buy of Inzinc Mining

2018-01-30 20:06 ET - In the News

John Kaiser, writing in an SVH Tracker for Jan. 9, 2018, refreshes his buy of Inzinc Mining Ltd. at 22 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 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 $15,015. Mr. Kaiser says Inzinc should have been his star pick for 2017, but instead it was his lead balloon. Change might be on the way. Wayne Hubert took over as chief executive officer last fall. He then raised $3.5-million worth of units at 10 cents. Mr. Kaiser says dilution was tough to swallow, but there is still upside for speculative value hunters at the company's West Desert zinc project in Utah, where the company budgets $3-million on exploration this year.

© 2024 Canjex Publishing Ltd. All rights reserved.