Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Ranjan Tandon’s Libra Advisors Bought More $CGR

Ranjan Tandon’s Libra Advisors reported on November 18th that the firm took 8.66 million shares in Claude Resources, Inc. (CGR), corresponding to a 5.2% passive stake ownership. This is a 36% expansion in Libra Advisors’ position since the firm reported 6.39 million shares in CGR at the end of the third quarter. In the second quarter Libra Advisors reported 5.95 million shares in its position. CGR has a mixed path in 2011. The stock has dropped by 20% so far and is trading at $1.66 now.

Four hedge funds in our list reported positions in CGR in the second quarter. Eric Sprott’s Sprott Asset Management took the largest chunk and had 7.71 million shares, up by 25% from Q1. Ranjan Tandon’s Libra Advisors took the second place with its 5.95 million shares position. Charles Davidson’s Wexford Capital had 314 thousand shares, and Jim Simons’ Renaissance Technologies decreased its position by 89% to 35 thousand shares.


Ranjan Tandon’s Libra Advisors has a portfolio value of $335 million. It invests about 70% of its capital in Basic Materials sector. The firm also invests in Technology, Utilities, and Service sector.

According to Yahoo! Finance, Claude Resources Inc. “engages in the acquisition, exploration, and development of precious metal properties, as well as production and marketing of minerals in Canada. It primarily explores for gold in northern Saskatchewan and northwestern Ontario. The company holds interests in the Seabee gold mine located at Laonil Lake, northern Saskatchewan; and the Madsen property that consists of 6 contiguous claim blocks totaling approximately 10,000 acres, located in the Red Lake Mining District of northwestern Ontario. It also holds interest in the Amisk Gold project, which covers an area of 13,800 hectares in the province of Saskatchewan. The company was founded in 1980 and is based in Saskatoon, Canada.”

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.