Pretivm Resources Inc. (PVG)

[silver100]

Int'l Speculator upgrades Pretium Resources to buy

2013-06-28 18:59 ET - In the News


The International Speculator, in its June 6, 2013, issue, upgrades Robert Quartermain's Pretium Resources Inc. (recently $8.67) to a buy, officially, "Buy first tranche." 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 $2,679. (On May 6, 2013, the newsletter downgraded its advisory on Pretium to hold from buy.) This month, the writer noted the "pro-business" Liberals won the election in British Columbia. Pretium's main promotion is its Valley of the Kings project, part of the Brucejack gold property in Northern B.C. 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.