Fwiw
Lundin refreshes Sunridge Gold buy
2015-12-08 20:16 ET - In the News
Brien Lundin, in the November, 2015, edition of the Gold Newsletter, says buy Sunridge Gold Corp., recently 25 cents. Mr. Lundin said buy three times between August, 2014 and October, 2015, at prices ranging from 13 cents to 20 cents. Assuming a $1,000 investment for each of the three buys, the $3,000 position is now worth $4,561. Sunridge has accepted an offer by a Chinese conglomerate to acquire a 60-per-cent interest in the Asmara Mining Share Company in Eritrea. Sunridge will pay $102.4-million, equal to about 33 cents per fully diluted share. This would imply a 37.5-per-cent gain on current share prices of about 24 cents or a 65-per-cent gain on shares prices of 20 cents a year earlier. Mr. Lundin says buy for a nice-sized, quick profit.
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Nothing new here.We all know it is still undervalued although not as heavy now.