Pretivm Resources Inc. (PVG)

[silver100]

Int'l Speculator says hold or buy Pretium

2013-04-18 17:21 ET - In the News


The International Speculator, in its April 4, 2013, issue, says hold or buy Robert Quartermain's Pretium Resources Inc. at $7.56, officially, "Hold/buy first tranche/prepare stink bid." The newsletter said buy on Feb. 7, 2011, at $6.42. It then said sell some -- perhaps half -- on March 4, 2011, at $12.33. Assuming a $1,000 investment, the half sell yielded a one-month profit of $439 and left shares, which cost $500, worth $949. It then said buy three more times between Sept. 5, 2011, and Dec. 6, 2012, at prices ranging from $9.96 to $16.69. Assuming three more $1,000 purchases, and taking into consideration the $500 investment remaining from the Feb. 7, 2011, sell, the $3,500 position is worth $2,336. The writer notes that Pretium has around $26-million in cash and he says the stock is "on sale." The company continues to make progress on its Valley of the Kings project, part of the Brucejack gold property in Northern British Columbia. The focus of activity is its very high-grade gold deposit underground. Fellow newsletter writer Jay Taylor said buy Pretium three times between Jan. 17, 2011, and Sept. 17, 2012, at prices ranging from $6.45, to $15.55, in his Gold, Energy & Tech Stocks.