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Carlisle Goldfields Limited T.CGJ



TSX:CGJ - Post by User

Post by takeiteasy3on Apr 24, 2015 12:21pm
223 Views
Post# 23661360

In the News: Taylor says buy back into Carlisle Goldfields

In the News: Taylor says buy back into Carlisle Goldfieldssays buy back into Carlisle Goldfields 2015-04-20 21:16 ET - In the News Jay Taylor, in the April 10, 2015, edition of Gold, Energy & Tech Stocks, says buy back into Carlisle Goldfields Ltd., recently 23 cents. Mr. Taylor previously said buy three times from July 14, 2011, to Oct. 16, 2013, at prices ranging from five cents to 30 cents. He then said sell on Dec. 18, 2013, at four cents. Assuming a $1,000 investment for each of the three buys, selling the $3,000 position at four cents yielded a loss of $1,906. Mr. Taylor originally put Carlisle on his list because of its gold projects in Manitoba. A preliminary economic assessment of the Farley Lake and MacLellan projects in February, 2014, suggested to him that he was right to be optimistic, but the market was indifferent. That changed after Carlisle appointed an experienced new president and chief executive officer, Abraham Drost, who managed to bring in AuRico Gold as a joint venturer. AuRico also acquired a 25-per-cent interest in Carlisle. As a result, "Carlisle suddenly begins to look like a company to be taken seriously," says Mr. Taylor. If gold prices behave as he expects over the next several months, he predicts that "by the end of this year, buying Carlisle at its current price will look like highway robbery." © 2015 Canjex Publishing Ltd. All rights reserved.
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