07:27:09 EDT Fri 29 Mar 2024
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or Name
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Rubicon Minerals Corp
Symbol RMX
Shares Issued 370,539,244
Close 2014-12-19 C$ 1.13
Market Cap C$ 418,709,346
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Int'l Speculator upgrades Rubicon to buy

2014-12-19 21:42 ET - In the News

The International Speculator, in its Dec. 5, 2014, issue, upgrades Rubicon Minerals Corp. (recently $1.22) to a buy from a hold, officially, "Buy first tranche." The newsletter said buy on Dec. 6, 2013, at 96 cents, and again on Aug. 6, 2014, at $1.65. Assuming an investment of $1,000 for each of the two buys, the $2,000 position is worth $1,990. The writer says Rubicon continues mine and plant construction at its Phoenix gold project in Red Lake, Ont. He believes the project can make money even if gold is under $1,000. Elsewhere in the issue, Louis James, Casey Research's senior metals investment strategist, says he is relaxing last month's stricture whereby the publication made no buys -- only holds and sells. He figures now is the time to load up on what he calls bargains during the tax-loss-selling season. Mr. James stresses he is not necessarily calling the junior market's bottom, but his outlook for the group has improved, thanks to the low prices. "I don't want to miss any chance just ahead at what may be the best bargains we'll see before the next big run up, so I'm going to remove the 'hold' from the best of our best picks," he says.

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