Wednesday, November 21, 2012

3 Press Releases and a Value Play

Happy Thanksgiving Eve, I don't have time for a video tonight but there were 3 press releases that you may want to look at tonight. Atac Resources (ATC) announced additional drilling results from their Rackla project. Bengal Energy (BNG) announced a new oil discovery in the Cooper Basin of Australia and Chalice Gold Mines (CXN) announced assays from their Mogoraib drilling. On the value play, Opawica (OPW) announced the start of drilling on their Teck-Kirkland project. They are trading at $.035 and have 110 million shares out for a $4 million market cap. They own 9.9 million shares of San Gold (SGR) which trades at $.92/share so they have $9 million of shares that they can sell in January 2013. The market as in so many cases doesn't care. Happy Thanksgiving!

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