lex corp blog update
posted on
Aug 23, 2010 11:45AM
Edit this title from the Fast Facts Section
Last week I took a position in Alexis Minerals-AMC. I also bought Yukon Nevada Gold-YNG and increased my position in Canacol Energy-CNE. I believe Yukon Nevada Gold-YNG is now firing on all cylinders and the stock is getting ready to move much higher. I highly recommend reading YNG's last 4 news releases. Alexis Mineral-AMC has been experiencing some operational challenges, but I believe they are resolving these issues and the stock is currently trading at very attractive levels. I think there is currently very little down side in AMC,..the chart shows it's made a bottom. AMC also saw some big volume on Friday. Canacol Energy-CNE has been seeing lots of volume. I believe investors and the market is finally waking up to this Columbian oil play. CNE could be an early stage PRE-Pacific Rubiales.
GBG-Great Basin Gold- had a great break out this week. Like I said many times on my blog and website "If you snooze,..you lose!" I hope most of you bought the stock under $1.80 when I was banging my fists on the table saying that this is a cheap stock. With a run up, we can always expect a pull back. So, there still may be another buying opportunity.
Canaco Resources- CAN -is spending $13.7mil. to speed up their exploration project. They will be adding 2 more drills,...so expect more drill results. CAN could be onto the next biggest gold discovery in Tanzania.
Amarc Resources- AHR this company is still flying under the radar, but that will change as they expect to start drilling their Newton Gold/Copper project soon. This project is next door the Taseko's Prosperity Gold Project and it's part of the Hunter Dickinson Group.
Gammon Gold-GAM had a great move up today. I believe one of the major gold producer must have them on the radar. -read the last news release-. Adopts a shareholder rights plan.
Exeter Resources- XRC is one of my biggest holding. I believe the stock will make news highs late Sept. or Oct. In 6mths I believe Barrick will make an offer which will be 100% higher than todays prices.
Osisko Mining-OSK This stock is going much higher. I can see $20 by the end of Sept. I believe Goldcorp will be the one to take-over OSK. But,..if another major gold producer shows interest "Watch Out"! We can see a bidding war.
SQI-Silver Quest Resources - the stock has moved up nicely in July and seems to be consolidating around .68-.70. The next few news releases I believe will push the stock much higher. $1.00 is coming.