Jeff Parent B. Eng. FCSI CIM
Atna Resources Ltd.
ATN-T
WEAK BUY
Mar 23, 2012
barely any trading for a long time, then a good rally, then some profit taking. Now is the good time to buy. Sell at $1.05. He would avoid a stock like this, but if you like this type (low cap resource) now would be the time to buy.
Excellent leverage to the gold price. Acquired the Pinson mine from Barrick and the company believes they have access for a potential 2 million ounces of high grade gold. Competent management.
(A Top Pick Dec 22/04. Down 24%.) A great guy behind the company and he's just getting going on his property in Nevada. Will need some financing in the not too distant future. Very cheap.
Atna Resources is an interesting company. They acquired a property in Nevada from Barrick and Barrick has the right to back into the project.
Believes that this property will take a lot of money and reserves. But recently, Atna found a lot of mineralizations in what they are calling the "ohgee" zone. Watch for further developments in the ohgee zone.
He's followed this for many years. They launched well, but they have been hurt by piracy of South Asian content. Governments need to protect broadcasters and creators with new laws.
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