Int'l Speculator refreshes Andina buyInt'l Speculator refreshes Andina buy
2009-07-13 20:10 ET - In the News
TheInternational Speculator in its July 1, 2009, issue, refreshes its buyof Andina Minerals Inc. at $1.49, officially, "Buy (in tranches)." Thenewsletter said buy three times between June 2, 2008, and June 1, 2009,at prices ranging from 74 cents and $3.94. An investment of $1,000 foreach of the three buys is worth $3,278. The Speculator's writer goesover the press releases and notes the company did a $13.5-millionfinancing to advance what he calls Andina's potentially world-classVolcan gold deposit in Chile. Recent drilling intersected goodbulk-grade gold mineralization near surface that should add ounces andimprove the project's economics. Andina is working on a new resourcecalculation, an event that has been good for the company in the past.He says the $1.50 private placement did not leave room for retailinvestors, but it was done with no warrants attached, keeping dilutionto a minimum.
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ADM is very undervalued in my opinion. I bought more at $1.40.
Volcan will be over 10mil oz deposit soon. Kinross will scoop them up for sure.
I say ADM one year target $4+ unless they get bought out sooner.
GL,
Art27
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