Topic: How To Invest

Pat: What do you think about ATAC Resources as a speculative stock? Thank you.

Article Excerpt

ATAC Resources, $1.55, symbol ATC on Toronto (Shares outstanding: 72.1 million; Market cap: $111.8 million), explores for metals and minerals, with an emphasis on gold. Right now, the company is mainly focused on its wholly owned Rau property in the central Yukon territory. Drilling has revealed strong gold showings over a wide area. In order to concentrate on the Rau property, ATAC is trying to sell (or sell options on) all of its non-core project interests. As of September 30, 2009, ATAC had stakes in 36 mineral properties in the Yukon, and one property in British Columbia. ATAC recently raised $9.2 million in a share issue. The company will put these funds toward the development of its Rau property. ATAC is okay to hold, but only for highly aggressive investors. investors. …