Had 2 highs, one in May and the other just recently. Trend line shows in a still in an uptrend. His only problem is that when he uses a MACD, it is showing a negative divergence, which is usually a set up for a down side. Would worry about the stock.
It is a mining company with enormous upside potential. Has an agreement with Hunter Dickinson group which will allow them to do more exploration. Could be operating a world class open pit.
(A Top Pick Sept 25/06. Down 19.9%.) Made a good move by selling Detour Lake property and keeping 47% interest in it. Now exploring/developing one of the more exciting global exploration plays in Ghana.
Have some very good connections in Ghana, which is the best destination on the planet for gold. Also has a project at Detour Lake. A very interesting junior.
It owns half of Detour Gold Corp (DGC-T) and has quite a significant holding in Africa. Undervalued relative to Detour. A good leveraged way to play the gold market.
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.