Seasonality from Mid-July until Mid-October. It is happening again as it has already had a huge gain. It broke a long term downward trend, it is outperforming the market and momentum is positive. This is an interesting play that will last until the second week in October.
Invests in very small, grass roots, early stage exploration businesses with low probability of success. Doesn't buy because of a particular project, but because of management with technical competence and business acumen. His 3 top picks have the best management that he knows of.
Its volumes have been declining along with other exchanges. Very resource and financial oriented now, has become a more speculative world. Not the best place to be right now. Would buy at a 10-15% lower price.
Great company. Market cap of about $110 million with about $20 million banked post this current financing. Discovered a new Carlin Style (?) system in eastern Nevada and have proven up measured indicator 800,000 ounces. His calculations indicate it is worth $2.90 a share. Currently trading at fair value but the upside exploration potential downtrend is enormous. Has not been drilled in depth so could potentially become a major district.
(A Top Pick May 29/09. No change.) Still likes it and is worth picking up on bad days. A deposit in Nevada and have just got the go-ahead to start drilling. Potentially could be onto something very significant.
(A Top Pick May 29/09. Up 6.6%.) Very intelligently run company. The game plan is to generate ideas/geologic targets and bring a major company in to do the hard, expensive work. Made a discovery of a very nice deposit in Long Canyon Nevada and hold 49% with Frontier being a joint partner.
Your Watchlist
Add stocks to watchlist to monitor them daily and get important alerts.
Seasonality from Mid-July until Mid-October. It is happening again as it has already had a huge gain. It broke a long term downward trend, it is outperforming the market and momentum is positive. This is an interesting play that will last until the second week in October.