Another bullish rating by Lundin
Lundin refreshes Cayden buy
2014-03-20 14:36 CT - In the News
Shares issued 41,609,127
CYD Close 2014-03-19 C$ 1.84
"Brien Lundin, in the March, 2014, edition of the Gold Newsletter, refreshes his buy of Cayden Resources Inc., recently $1.60. Mr. Lundin said buy Cayden four times between December, 2011, and December, 2013, at prices ranging from 98 cents to $1.50. Assuming a $1,000 investment for each of the four buys, the $4,000 position is now worth $5,531. The company recently released assay results from three target areas, Angostura, Zapote and Poncho West, on its El Barqueno project in Mexico. Mr. Lundin says the assays from the target areas, which are outside of the property's more advanced Azteca zone, remind him that Cayden is operating in a gold-rich environment. The company also recently increased the size of its El Barqueno project by acquiring the neighbouring Shangri-la claim, which is beside Cayden's next drill target, Pena d'Oro. The newsletter editor says that Cayden has good management, a full treasury and it should be able to uncover El Barqueno's significant potential. It remains a buy."
