19:51:48 EDT Tue 30 Apr 2024
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Inzinc Mining Ltd
Symbol IZN
Shares Issued 73,355,419
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Kaiser refreshes his buy of Inzinc Mining

2017-02-21 16:57 ET - In the News

John Kaiser, writing in a Jan. 31, 2017, Bottom-Fish Comment, refreshes his buy of Inzinc Mining Ltd. at 29 cents. The editor has a long history with the stock. He said buy 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 $2,236 loss. He said buy the stock three more times through April 13, 2010, at prices ranging from six cents to 24 cents, and then sell on Jan. 2, 2012, at nine cents. Assuming $1,000 investments for each of the 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 five more times through Oct. 18, 2016, at prices ranging from eight cents to 15 cents. An investment of $1,000 for each of those six buys would now be worth $17,722. The editor says Inzinc did nothing in 2016, other than acquire an exploration property from insider Kerry Curtis, who has since replaced Chris Staargaard as chief executive officer. Mr. Kaiser says it has been difficult recommending Inzinc year after year without any reward, but he suspects 2017 will be the year Inzinc finally "rises from the sink."

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