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Lundin Mining Corp
Symbol LUN
Shares Issued 733,692,965
Close 2020-11-13 C$ 8.84
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Int'l Speculator says buy Lundin Mining

2020-11-13 20:12 ET - In the News

The International Speculator, in its Oct. 26, 2020, issue, says buy Lundin Mining Corp. at $8.39, officially, Buy up to $10.50. This is the newsletter's second time round with Lundin. The Speculator said buy three times between Feb. 1, 2005, and Oct. 2, 2006, at prices ranging from $11.45 to $29.70. On Jan. 2, 2007, it said sell some -- half perhaps -- at $43. Assuming an investment of $1,000 for each of the three buys, selling at $43 yielded a profit of $1,634 and left shares, which cost $1,500, worth $3,268. The stock split 3:1 on Jan. 25, 2007. The newsletter then said sell the remaining half at $13.69 on Aug. 8, 2007. Selling the remaining investment ($1,500 cost) at $13.69 yielded a profit of $1,621. The Speculator then said buy five more times between Dec. 22, 2017, and March 26, 2020, at prices ranging from $5.46 to $8.23. Assuming five investments of $1,000, the $5,000 position is worth $6,410. The buy comes without elaboration.

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