Pretivm Resources Inc. (PVG)

[silver100]

Int'l Speculator says buy Pretium Resources

2014-01-22 17:57 ET - In the News


The International Speculator, in its Jan. 6, 2014, issue, says buy Pretium Resources Inc. at $5.49, officially, "Best 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 four more times between Sept. 5, 2011, and June 6, 2013, at prices ranging from $8.67 to $16.69. Assuming four more $1,000 purchases, and taking into consideration the $500 investment remaining from the Feb. 7, 2011, sell, the $4,500 position is worth $2,322. The writer believes Pretium was hit by tax-loss selling at the end of the year. The selling came even though the company produced "a lot more gold than forecast" and released bonanza-grade drill results. Pretium at $5.49 is an opportunity, he adds.

© 2014 Canjex Publishing Ltd. All rights reserved.