John Kaiser, writing in a Dec. 4, 2014, Bottom-Fish Comment, says Amarc Resources Ltd., seven cents, is a bottom-fish to watch. He recommended buying the stock on Dec. 11, 1998, at 60 cents, and again on May 26, 1999, at 60 cents. Then, on Dec. 30, 2005, he said sell at 29 cents. Assuming an investment of $1,000 for each of the two buys, selling at 29 cents would have resulted in a $1,062 loss. Mr. Kaiser said buy again on Jan. 5, 2009, at 10 cents, and sell again on Jan. 2, 2012, at 41 cents. Assuming another investment of $1,000, selling at 41 cents would have yielded a profit of $3,059. Mr. Kaiser points out that Amarc is a past bottom-fish recommendation, dating back to the late 1990s, and it has been a disappointment in the past. Today he is adding the stock to his watch list, based on what appears to be a new major coppery discovery at the company's IKE property in British Columbia. Amarc optioned 80 per cent of IKE in late 2013, and completed its first drilling program in summer 2014; it plans more drilling for summer 2015. "There is a strong likelihood that I will elevate Amarc Resources Ltd. to a formal Good Relative Spec Value Buy recommendation in 2015," Mr. Kaiser says, if the junior can come up with a financing strategy that does not involve heavy dilution at the current price.
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