Good Evening,
I've posted the July Investor Alert on Knick Exploration (KNX) at the top left of the web page. If after doing your due diligence you choose to purchase shares, do not chase the stock. Let the price come to you in the $.28-$.32 range. The initial IPO was done at $.50 so there is still room for this to run until the first set of results are released in August. This stock has:
- high grade gold
- safe jurisdiction
- no cheap shares or warrants
- 10 million shares out
- mid-depth potential as previous holes only went down 200 meters
- no other newsletter coverage (this is the first write-up)
- hot gold camp
- fully funded for current drill program
- no debt
- no retail chatter at all
- complete unknown
- currently drilling
- first twinning, then going deep (oro gold?)
- most important - 1st day of trading as Knick Exploration was on my birthday :)
stateside
Tuesday, July 21, 2009
Monday, July 20, 2009
July Investor Alert
Hi,
I'm in the process of finalizing my July Investor Alert. It is a gold junior currently drilling that has only 10 million shares out and should announce high grade gold intercepts of 3-4 meters over 70-80 g/t in August. I'm somewhat reluctant due to the extremely tight share structure but the enticing double or triple is winning me over. They are a new 2009 company and were "born" on my birthday so the gold Gods are saying "yes". I own 7,000 shares right now having bought them over the last few weeks and I'm hoping the shares stay in this range so that investors can get in on the play at relatively low prices (still 40% below their PP price) once I release the report. I should have it ready by Wednesday.
stateside
I'm in the process of finalizing my July Investor Alert. It is a gold junior currently drilling that has only 10 million shares out and should announce high grade gold intercepts of 3-4 meters over 70-80 g/t in August. I'm somewhat reluctant due to the extremely tight share structure but the enticing double or triple is winning me over. They are a new 2009 company and were "born" on my birthday so the gold Gods are saying "yes". I own 7,000 shares right now having bought them over the last few weeks and I'm hoping the shares stay in this range so that investors can get in on the play at relatively low prices (still 40% below their PP price) once I release the report. I should have it ready by Wednesday.
stateside
Sunday, July 19, 2009
Still working on the format for a weekly webcast
I've changed my mind now a few times on the format of a weekly webcast I want to put together for download. The thought is to provide the headline, stock symbol and # of outstanding shares for companies that issue significant press releases during the week. This will help those who can't catch every important story and allow them to start to do their own due diligence on a stock. I may have something this weekend but most likely next week.
stateside
stateside
Sunday, July 12, 2009
ORO GOLD COMPLETES $12 MILLION PRIVATE PLACEMENT
I expect a news release this week on as few as 2 or as many as 4 holes.
ORO GOLD COMPLETES $12 MILLION PRIVATE PLACEMENT
Oro Gold Resources Ltd. (“Oro Gold” or the “Company”) (TSX-V: OGR) is pleased to announce that it has closed its private placement financing previously announced on June 17, 2009 (the “Offering”). The Company issued 17,200,000 units of the Company for aggregate gross proceeds of $12,040,000. Each unit, priced at $0.70, consists of one common share and one-half of one common share purchase warrant; each whole warrant entitles the holder to purchase one additional common share of the Company at an exercise price of $1.00 until January 7, 2011.
The Company intends to use the net proceeds of the Offering for additional exploration and development on the Company’s 100% owned Trinidad gold property in Mexico and for working capital and general corporate purposes.
Wellington West Capital Markets Inc. acted as lead underwriter and book-runner on behalf of a syndicate of underwriters including Canaccord Capital Corporation and Blackmont Capital Inc. (collectively, the “Underwriters”). The Company paid a cash commission to the Underwriters in the amount of $772,800 and issued to the Underwriters 1,104,000 warrants, each exercisable to acquire one common share of the Company at a price of $0.70 until January 7, 2011.
The common shares issued pursuant to the Offering and the common shares issuable upon the exercise of the warrants are subject to a statutory hold period which expires November 8, 2009.
About Oro Gold
Oro Gold is a publicly-listed junior gold exploration company with 11 projects located in Mexico and Panama. The district scale 651 km2 Trinidad property continues to be the company’s top priority project and the main focus of exploration and resource definition efforts. Oro Gold’s corporate mandate is to maintain low costs in gold resource acquisition and discovery while growing the company’s gold assets to attract producing companies.
ON BEHALF OF THE BOARD OF DIRECTORS
Darren Bahrey
President and CEO
ORO GOLD COMPLETES $12 MILLION PRIVATE PLACEMENT
Oro Gold Resources Ltd. (“Oro Gold” or the “Company”) (TSX-V: OGR) is pleased to announce that it has closed its private placement financing previously announced on June 17, 2009 (the “Offering”). The Company issued 17,200,000 units of the Company for aggregate gross proceeds of $12,040,000. Each unit, priced at $0.70, consists of one common share and one-half of one common share purchase warrant; each whole warrant entitles the holder to purchase one additional common share of the Company at an exercise price of $1.00 until January 7, 2011.
The Company intends to use the net proceeds of the Offering for additional exploration and development on the Company’s 100% owned Trinidad gold property in Mexico and for working capital and general corporate purposes.
Wellington West Capital Markets Inc. acted as lead underwriter and book-runner on behalf of a syndicate of underwriters including Canaccord Capital Corporation and Blackmont Capital Inc. (collectively, the “Underwriters”). The Company paid a cash commission to the Underwriters in the amount of $772,800 and issued to the Underwriters 1,104,000 warrants, each exercisable to acquire one common share of the Company at a price of $0.70 until January 7, 2011.
The common shares issued pursuant to the Offering and the common shares issuable upon the exercise of the warrants are subject to a statutory hold period which expires November 8, 2009.
About Oro Gold
Oro Gold is a publicly-listed junior gold exploration company with 11 projects located in Mexico and Panama. The district scale 651 km2 Trinidad property continues to be the company’s top priority project and the main focus of exploration and resource definition efforts. Oro Gold’s corporate mandate is to maintain low costs in gold resource acquisition and discovery while growing the company’s gold assets to attract producing companies.
ON BEHALF OF THE BOARD OF DIRECTORS
Darren Bahrey
President and CEO
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