11:34:09 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Strategic Metals Ltd
Symbol SMD
Shares Issued 88,368,351
Close 2014-10-24 C$ 0.305
Market Cap C$ 26,952,347
Recent Sedar Documents

Int'l Speculator says hold Strategic Metals

2014-10-24 18:46 ET - In the News

The International Speculator, in its Oct. 6, 2014, issue, says hold Yukon-focused explorer Strategic Metals Ltd. (36 cents). This is the newsletter's second time round with Strategic. It said buy on Jan. 2, 2004, at 31 cents, and again on April 1, 2005, at 22.5 cents. It then said sell on July 1, 2005, at 16.5 cents. Assuming two buys of $1,000 each, selling at 16.5 cents yielded a loss of $802. The Speculator then said buy three more times between Dec. 1, 2011, and Feb. 6, 2013, at prices ranging from 66 cents to $1.39. Assuming another three investments of $1,000, the $3,000 holding is worth $1,224. In a brief update, the writer says the main reason he is holding Strategic Metals is because of its position in sister company Atac Resources Ltd. He adds that tax-loss season is looming, and he will revise his Strategic Metals advice then.

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