Friday, June 5, 2009

On the look out for the next Oro Gold and Underworld Resources

As I'm not one to cease doing research just because one of my plays (Oro Gold) is on the verge of a major break-out, I've been looking this week for the next under $.20 stock that has the potential to be a 5 bagger like Oro Gold (OGR) and Underworld Resources (UW). As you know, those are few and far between but I may have come across a stock that has the potential to break-out over the next few weeks. The stock is Northern Tiger Resources (NTR.V) and I've put out a quick short story report on them which is linked on my website at the top left. Take the time to do some more research on them this weekend as their Nightmusic zone looks awful inviting. The share structure is tight which is one of the ingredients needed for a major move up in price. Once the story gets out that it is high grade gold and on trend to the Underworld Resources discovery, the price may move quickly. I've been buying shares this week under $.20 but it is difficult to buy in blocks without the price moving up quickly.

There has been a major rush to stake ground near the Underworld discovery but any drilling by other companies will be months away. Northern Tiger will be drilling this month now that they closed their $1 million private placement. As always, please do your own due diligence and sell 1/3 to 1/2 when the stock doubles.

1 comment:

Unknown said...

Hey Stateside thanks for the heads up on NTR i picked it and 2 others up today

ALR alder and ADG Arcus

hope this play heats up fast!!

regards

caliche

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