IKN

Hereditary sloth instructs me

“Buy Allied Nevada (ANV)!!!”, from the man who brought you “Buy Metanor (MTO.v)!!!”

Seriously, how much is Jay Taylor paid to promote these death spiral companies? From Stockwatch today:

Taylor says buy Allied Nevada

2015-02-24 21:04 ET – In the News

Jay Taylor, in the Feb. 13, 2015,
edition of Gold, Energy & Tech Stocks, says buy Allied Nevada Gold
Corp., recently $1.21. Mr. Taylor said buy four times from Feb. 17,
2009, to June 21, 2011, at prices ranging from $6.16 to $31.61. He said
sell on Sept. 20, 2011, at $44.85. Assuming a $1,000 investment for each
buy, selling at $44.85 yielded a profit of $11,288. He said buy again
on April 17, 2013, at $10.75 and on Jan. 16, 2014, at $4.60. A $1,000
investment for each of the two buys is now worth $375. Mr. Taylor
recently talked to a major Allied Nevada shareholder who is “very well
connected” with its goings-on. The shareholder claimed bafflement at the
company’s poor share performance given its ownership of one of the
largest and most economic gold mines in Nevada, Hycroft. Mr. Taylor
reckons that the malaise stems from the myth that Allied Nevada took on
over $500-million in debt and got nothing in return. The company is
undoubtedly indebted, says Mr. Taylor, but it used the money on projects
that either have provided or will provide a substantial increase in
production. “There is no way the household-name majors working in Nevada
are not licking their chops over Allied Nevada,” Mr. Taylor concludes.
He has been buying.

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