Opinions
John Embry
Pelangio Exploration Ltd
PX-X
BUY
Jan 10, 2006
Tradewinds is drilling on their property at Detour lake and have had some interesting results. They have aslo taken an initiative to move into Ghana. An interesting junior stock.
$0.720
Stock price when the opinion was issued
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COMMENT
Likes the chart. Had consolidation at around $.30/.40 in 2005 fold by big growth and more consolidation in 06/07. Has changed from a penny stock to more of a player. Looks like another consolidation has begun. Probably hasn't a lot of downside based on its past. On a down side, be really careful if it goes back down by $1. Use a tight stop.
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