Int'l Speculator refreshes Tower Hill buyInt'l Speculator refreshes Tower Hill buy
2010-04-29 16:01 ET - In the News
The International Speculator in its April 1, 2010, issue, refreshes its buy of International Tower Hill Mines Ltd. at $5.68. The newsletter said buy on Nov. 5, 2008, at $1.21. It then said sell some -- perhaps half -- on April 1, 2009, at $2.60. Assuming an investment of $1,000, the half sell yielded a profit of $554. It said buy again on June 1, 2009, at $2.77, and on Dec. 1, 2009, at $6.66. Assuming another two $1,000 investments, and taking into consideration the $500 in shares left from the April, 2009, half sale, the Speculator's $2,500 investment is worth a rather fine $5,197. The writer goes over the press releases and sees more good drill results converting waste to ore at Livengood in Alaska. He says, however, it is the pending prefeasibility study he expects to have the greatest effect on the stock in the near term. The story has only become better over the past month, "and it is on sale cheaper." Offering a little personal investment advice, for some subscribers Tower Hill is a buy; for others it is not, depending on what they did with his earlier advice. Fellow letter writer Brien Lundin said buy in January, 2009, at $1.46, and then again in July, 2009, at $3.33, in his Gold Newsletter.