Tomorrow: “The Biggest Gold Story of the Last 50 Years Hits the Press?” (McCoach)

By Travis Johnson, Stock Gumshoe, March 2, 2010

“This tiny gold outfit already tripled investor’s money since we first alerted you one year ago! But over the next five minutes, find out how Wednesday’s historic news could triple your money… AGAIN!”

That’s how the latest missive for Greg McCoach’s Insider Alert gets started — McCoach also runs a wider-circulation newsletter called Mining Speculator that I know many of my readers have sampled in the past, but his Insider Alert is the “upgrade” newsletter, they’re currently asking about $2,000 a year for a subscription.

And if you do subscribe, they’ll tell you all about this stock — they’ve been calling it the “biggest gold story of the last X years” since they first started teasing this miner close to a year ago, though at the time it was the biggest story of the last 14 years and now, 10 months later, it’s the biggest gold story of the last 50 years. Either way, certainly a big enough story to look at, eh?

On the odd chance that you’re not eager to pony up two grand for a newsletter in order to learn about this idea, however, I thought perhaps I’d take a quick look, make sure this is still the same company I thought it was last May, and share some details with you.

The first clue is that the shares are up 200% since McCoach first recommended the stock about a year ago, the stock is currently at about $1.05 (or was when this ad campaign was written) … and then he goes on to include a few clues in his pitch:

“You see, I recently returned from what could be – and scores of geologists agree 100% – the greatest gold exploration discovery in the past 50 years.

“It’s located only a few miles outside Timmins, Ontario.

“For those of you who don’t know, Timmins sits right in the heart of one of the greatest gold belts in the entire world, the famous Abitibi Greenstone Belt.

“In fact, it’s been churning out the yellow metal for so long (since 1907) that the entire region’s been dubbed ‘Elephant Country.'”

And McCoach says that he had a phone conversation with an eager investing friend who’s apparently great at picking hot mining stocks, talking about this particular property … this is how he recounts the conversation:

“‘Did you see it?! Did you see it?! They announced it! 12.17 grams per ton! The stock launched 56% today! It’s there! It’s [expletive] huge! They think it’s the same gold system that runs under Timmins… it’s just a little deeper under the ground! You have to see this report! This could be massive! I’ll fax it over!'”

The property is apparently one that used to be owned by Cameco, the big uranium producer, before they started shedding their gold properties:

“Fortunately for us, Cameco basically gave the property away… with all of the work pretty much done!

“In fact by 2002, according to a 627-page report they filed with the Ontario Ministry for Mines, Cameco drilled 15 holes and collected 1,067 gold samples in the property. Each one showed extreme potential for high gold mineralization.

“Here’s an excerpt directly from that 627 page report:

“‘These results, although not economic so far, are indicative of a large gold system. It is part of a major deformation corridor, traced by drilling for more than two kilometers along strike, up to 1.5 kilometers wide and more than 600 meters deep.'”

The teaser also includes a chart of the stock’s movements over the past year, showing that movement from the .20-40 cent range up to the current $1+, so that’s enough to confirm for me that this is still the same stock. And the last bit of temptation, the urgency that’s probably sending new subscribers rushing to get into McCoach’s letter (or so they hope, at least), is that they’re releasing some kind of results soon, as early as tomorrow. Here’s how they put it:

“And to make matters even more urgent and impressive, the company has some explosive news they expect to announce regarding their latest drill results as early as Wednesday!

“In other words, in 24 hours from now, the stock could skyrocket!

“And judging from the absolute swarm of trading on it lately, those results aren’t just going to be coming back soon – but could turn out to launch this outfit’s share price several times higher!

“In fact, as I write this, mega-firms across Europe already have massive funding deals on the table.

“… Deals so large that the share price could easily triple – AGAIN – as soon as their results are announced!”

So … the stock? This must be, as I first suspected back in May, Explor Resources (EXS in Canada, EXSFF on the pink sheets).

And I don’t know if it will triple again when they release their latest information, but certainly a company of this tiny size that gets this much attention generally flies … at least temporarily … and the stock is already up about 25% today as I type, on about twice the normal trading volume.

As for news from drilling, they do have drilling underway right now at at least one of their exploration targets in the Abitibi-Greenstone belt in Ontario (they have several target zones in a fairly small area that neighbors Xstrata’s Kidd Creek Mine as well as big discoveries by West Timmins Mining and others). I didn’t see any clear announcements about when they might release the drilling results, but I suppose it could be fairly soon. They are exhibiting at a conference next week, which will probably also help to drive a little more attention.

This is a stock that I know a lot of my readers have been interested in over the past year, following up on that original McCoach teaser, and it has certainly been one of the stronger teaser picks of the past year (it really is up by more than 200% so far, especially given today’s additional jump). You can see my original note about it here from last May, though I was more cautious about identifying the stock then — this time, with the definitive clue of the stock chart in the teaser ad and a few more tidbits under my belt, I can be more certain that this is really Explor Resources.

Can I be certain that they will release stunning drill results, or make you millions? Well, I think we all know better than that — and I can say that these kinds of promises of spectacular drilling results being imminent usually overstate the urgency of getting into the stock right away, or imply that the newsletter editor knows more than he does about the likely date when they’ll release data … for obvious reasons (rarely do you see a newsletter that says, “quick, think about this stock and maybe buy it in a few months!”). And I will say that I’m quite sure that Greg McCoach knows a lot more about mining and mining stocks than I do, and that he seems awfully excited about this stock.

That’s not enough to guarantee a huge hit, and he’s certainly teased stocks before that didn’t do very well (Canadian Zinc comes to mind from a few years ago, but that one is at least recovering more recently) … at least now you can do a bit of research on your own and see if you’re interested in Explor. After seeing the big moves this stock is making, I thought I’d better at least share the name of the stock, but I don’t know much more about how their story has progressed of late.

If you’re one of those who’s been trading this stock over the past year or so, let us know what you think … and what you think we should expect in the months to come. And of course, if you’ve subscribed to any of McCoach’s letters, please review them for us — we have a couple reviews on file for his less expensive Mining Speculator, but haven’t heard from any subscribers to his Insider Alert yet.

Related Gumshoe Articles

“Buy Signal of the Decade … this stock is about to take off …” (Alexander Green)

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62 Comments on "Tomorrow: “The Biggest Gold Story of the Last 50 Years Hits the Press?” (McCoach)"

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Rick
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Rick
March 2, 2010 4:02 pm

Looks interesting, but I prefer another Canadian junior mining pinksheets stock KAT Exploration (KATX). They announced some amazing finds on their Handcamp claim yesterday and IMO at around 0.06 they are undervalued right now by at least 10x.

MarMak
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MarMak
March 2, 2010 5:04 pm

I got into Explor last May and still own it. You hit the nail on the head with your call. Another stock to watch is Goldcliff Resourses, (GCFFF)

Dean
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Dean
March 2, 2010 5:06 pm

Rick, you should keep you spam somewhere else. Your stock projections are brutal.

Terry
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Terry
March 2, 2010 5:56 pm

Greg McCoach has been great. I have been with the mining speculator for about 9 months. Sold one stock for a 200%+ gain and the following are still open.
167.24;124.27;112.45;81.75;63.21;46.87;32.75;25.72 and one at -32% with a big announcement coming within the next month. Fantastic picks if you listen to his wisdom,

Charles Kelly
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Charles Kelly
March 2, 2010 6:00 pm

I am currently a Mining Speculator subscriber. I had been an Insider Alert subscriber, but I gave it up because of the $2000 cost per year. I believe I would be better off had I continued the subscription.
This how I currently stand with McCoach’s recommendations:
Trade
%gain+ loss-
1 +583
2 +338
3 -21(newest trade)
4 +320
5 +105
6 +83
7 +16
This occurred in about a year. Not so bad I think. This is certainly better than I have done on my own.
Charlie Kelly

jsf
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jsf
March 2, 2010 6:36 pm

Suggest you also look up Lake Shore Gold: CA = LSG; US = LSGGF, who bought out Timmins Gold.

This region has been producing base & precious metals for a long time.

These new discoveries will be ok if the gold price stays hi, because the mining cost to go much, much deeper with the new discoverys will likely be high – located 100s of feet under the existing mining zone.

Bill
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Bill
March 2, 2010 7:44 pm

Lithium For Batteries Tease or Fact..? Next big Source Need..? Money Morning Pronouncement… Same format, some mysterious little co… Has a lease on land holdings that future rise in demand will make us all rich if we get in..?

Bill
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Bill
March 2, 2010 7:48 pm

Oh.. One more.. Fiber optics co. That’s devoped a new optics capability that carries Trillons of data bits as opposed to the 1.2 Billion? Available now,- with no data loss from optics cable bending using nano tech in production…

patrick
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March 2, 2010 8:07 pm

bill,

i believe your referring to corning

Keith
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March 2, 2010 8:48 pm

I have been a member of his for 4 years and made alot of money following his tips, bought Explor for 36 cents bought low and sold high twice and still own about 50,000 shares. Also bought a few other stocks he recommended and up anywhere from 400-800%. All together I own 10 stocks he has recommended and never lost!!!!

clairmont faille
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March 2, 2010 9:16 pm

hi, so which one seems more productive :the mining s….or the insider alert thanks

Myron Martin
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Myron Martin
March 2, 2010 9:26 pm
Met McCoach at last years PDAC meeting in Toronto (on again this coming weekend) after having subscribed to his Mining Speculator the year before! I agree with other posters, his picks have been generally good and I only let the subscription lapse because i was fully invested and had more than enough hot stocks to choose from, besides, I found that with enough research I could identify good junior prospects from FREE sources without spending $2000. for his more exclusive letter. My son and I both invested in Explor at the 49-50c level after identifying it through personal research and… Read more »
didiree
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didiree
March 3, 2010 4:27 am

I am eager to put in some mkt order tonight, however it’s already up 20%, its a tough call. what do you think guys?

hl
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hl
March 3, 2010 9:30 am

Mr. Martin,

Would you be willing to share resources that you have found helpful for your research? Please understand, I am not asking you to share your system, just some of the information sources. Many thanks!

Timothyi
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Timothyi
March 3, 2010 11:59 am

didiree, eagerness in these junior miners is a great way to blow up your trading account. Up 20% yesterday, back down the same amount today. These stocks are nothing if not volatile.

If you’re really interested in a particular stock of this type, it would be safer to scale into it–buy a little here, and place limit orders at support levels (1.05, 0.76, 0.57, 0.37) and a buy stop if it closes above today’s high (1.62). You’re more likely to end up with a better average price, but the risk is still high.

burn victim
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burn victim
March 3, 2010 12:14 pm

Timothyi – please explain how one figures out what the ‘support levels’ are, and what a ‘buy stop’ is. Perhaps you can give an example. Thanks.

advantedges
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March 3, 2010 2:37 pm
Our hats are off to British Columbia and our Canadian friends to the North who offered an exciting and wonderful Olympics this year! (Yes, folks living on the east coast, we do have snow in the west,(whew! even if we have to make it!) but global warming is real unless you live in a bubble or listen to “talk radio!” We are preparing for extensive droughts!) Can someone help me here? If we are going to continue to explore pink sheet stocks that are primarily listed on the Canadian exchanges, how can we buy and sell a position without the… Read more »
burn victim
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burn victim
March 3, 2010 3:37 pm

advantedges — sign up with Etrade.

Brian
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Brian
March 3, 2010 3:59 pm

OOOPS!!!!! Wrong mine.

Should have been Trelawney Resources (tsx: TRR)

-Brian

Frederick
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Frederick
March 3, 2010 4:09 pm

I agree with Rick. If their claims are factual, KATX should prove a good play.

abe zieff
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abe zieff
March 3, 2010 5:01 pm

I saw this teaser in my email from Greg. In fact i already own a few shares as i had a short subscription to his news letter. I did buy some at 49 cents,so i can’t complain. i put an order to buy at a dollar, but it jumped 16 cents after the teaser,because all his subscribers were loading up,so i backed off. I’ll still watch it,and maybe buy some when the profit takers sell

abe zieff
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abe zieff
March 3, 2010 5:03 pm

I saw this teaser in my email from Greg. In fact i already own a few shares as i had a short subscription to his news letter. I did buy some at 49 cents,so i can’t complain. i put an order to buy at a dollar, but it jumped 16 cents after the teaser,because all his subscribers were loading up,so i backed off. I’ll still watch it,and maybe buy some when the profit takers sell. I’m talking about exsff in case you don’t know

John Cook
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John Cook
March 4, 2010 5:12 pm

EXSFF sure took a beating the past few days. I bought some today, but it sure does look risky, even at a discount. Where is the big news? Doubt if any really news existed. Pump and dump!

Royalmystic
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Royalmystic
March 4, 2010 5:43 pm

Whoa!…
Pump and dump is right!
This thing is back down to .91 from 1.46.
Somebody pulled a fast one…McCoach!

If anyone has any real news either way I’d love to hear it (that is from an unbiased source, please)

Truthpeeler
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Truthpeeler
March 4, 2010 6:06 pm

EXSFF is one heck of a dog pile today. Closed down 25% at 88 cents. Do I smell a pump and dump by Greg McCoach? If you want to buy because you like casino action, then follow Timothyi’s advice.

John Cook
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John Cook
March 4, 2010 7:01 pm
PR Released After Market Closed Today: Press release from Marketwire Explor’s Timmins Porcupine West Diamond Drill Program Update Thursday, March 04, 2010 ROUYN-NORANDA, CANADA–(Marketwire – March 4, 2010) – Explor Resources Inc. (TSX VENTURE:EXS) is pleased to announce the completion of a 10,000 meter drilling program on the Timmins Porcupine West Property (TPW). The program was designed to confirm the model announced in the September 11, 2009 press release. The first phase of drilling was concentrated on mineralized Zone “A” located on the south limb of the geo-syncline. Mineralized Zone “A” is one of Five (5) mineralized zone identified on… Read more »
JohnW
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JohnW
March 5, 2010 9:00 am

So, can someone tell me, is that good bad or indifferent? I guess we will find out today as we watch the stock price either jump or slump.

JohnW
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JohnW
March 5, 2010 9:44 am

Well, at first showing I guess it wasn’t exactly good news.

Royalmystic
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Royalmystic
March 5, 2010 10:59 am
Thanks for the big long post but you’d still have to be in the middle of the business (ie., insider) to know if the stock was headed up or down based on this information. My read was that it was pretty non-commital–“just the facts”–and we all know what can be done (hidden) in those kind of reports. I hope someone can post a response/comment from Mr. McCoach. I’d say right about now he’s looking pretty uncool and his credibility is slipping fast. I almost jumped into EXS at 1.05 then when it shot to 1.40 I gave it up, though… Read more »
JohnW
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JohnW
March 5, 2010 11:04 am

Where is the gold,
Greg said he’d give to me
For eternity,
Will it ever be?

Where is the gold?

He said the shares were going sky high, he said it really couldn’t fail. But they went down like a lead balloon, time for another ale!

Brian
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Brian
March 5, 2010 9:10 pm

Guys!

Explore (EXS) was the WRONG stock pick. The correct company was Trelawney Resources (TRR)

Check out this company and you will see that they announced a high quality gold find just outside of Timmins on the day that Travis said they would. TRR rose 98% in Thursday Globe Investor.

I bought some EXS too. I went all in. BIG LOSS!!!

John Cook
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John Cook
March 6, 2010 7:23 pm
Below is a reply I received from Explor Resources, when I asked them if anything was wrong with the company. They need to explain the meaning of their Press Release. Most people are not geologists who understand the meaning of all the numbers they released on Thursday. What’s the bottom line? JC Hello John: Yes, everything is fine within the company. I believe that the volatility was due to expectations about the timing of a press release outlining the first drill results on the West Timmins property. After the market today, the company issued a press release on these results.… Read more »
John Cook
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March 6, 2010 8:46 pm

The Timmins Porcupine West Project has as a Target Model “The Hollinger-McIntyre-Coniaurum System.” The Hollinger-McIntyre-Coniaurum (HMC) System has produced a total of over 30 million oz of gold is spatially associated with the Pearl Lake Porphyry. The high-grade gold bearing quartz veins which hosted the bulk of the gold at the HMC occurred in the adjacent mafic volcanics, located outboard from the porphyry itself.

Explor intends on the utilization of the existing historical data to create a 3D litho and mineralization model to generate high quality drill targets with an interpreted significant gold mineralization inside that corridor favourable rock package.

John Cook
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John Cook
March 6, 2010 8:49 pm
Info below is from the company’s web site. This is the Model that the above letter refers to: “The Timmins Porcupine West Project has as a Target Model “The Hollinger-McIntyre-Coniaurum System.” The Hollinger-McIntyre-Coniaurum (HMC) System has produced a total of over 30 million oz of gold is spatially associated with the Pearl Lake Porphyry. The high-grade gold bearing quartz veins which hosted the bulk of the gold at the HMC occurred in the adjacent mafic volcanics, located outboard from the porphyry itself. Explor intends on the utilization of the existing historical data to create a 3D litho and mineralization model… Read more »
John Cook
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John Cook
March 6, 2010 8:59 pm

Below has been posted on Explor Resources website:

Explor reported that in Section 2B Linear a 1.5 meter composit that assays at 30 gpt of AU.
Section 2a-iv, 1.5 meter composites (assay cut, 30 gpt AU). nThis is just an example of what the drilling found. More info will be released this weekend.

Royalmystic
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Royalmystic
March 7, 2010 10:27 am

Anyone think it would be fair to say the stock was “punished” by the press release scheme, and may go up in value when the smoke clears and news settles.

Is so, what do you think that is?

Looks like around .98 to 1.05 to me, which would be 25% upside from here.

BennyJ
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BennyJ
March 8, 2010 12:32 am

http://thefundamentalview.blogspot.com/2

Please read the above article and share your comments.

Buy&hold for huge profits.

visible gold:
gold grading at 21.39 g/t and the other at the 782 level that graded 13.37 g/t over a 1.5 width.

erich z
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erich z
March 8, 2010 11:02 am

Is it worth to get in at 0.5 or is this a total wrong pick by McCoach?
Any comments?
Travis, Royal Gold is always worth looking at!

Larry
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Larry
March 8, 2010 10:26 pm

HelpMe in the Northwest!

Scottrade is very easy to trade Canadian Stocks on the Pinksheets today. Cost is $7.00 and no extra costs invovled as in the past.

Nate M
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Nate M
March 8, 2010 10:27 pm

Does anyone have access to a current or a few month old Greg McCoach issue of Mining Speculator? I’m curious to investigate his track record to see if it would be worth ponying up the money for his newsletter. Thanks,

Nate

Warren
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Warren
March 9, 2010 8:32 am

There has to be more than punishment for a bad press release to explain the dump EXS mentality that happened day 1 after our trusty Gumshoe’s interpretation of the teaser.

Any idea’s ?

Warren

Pav
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Pav
March 10, 2010 9:37 am

What’s the outlook for NOX

BennyJ
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BennyJ
March 10, 2010 10:55 pm
From: Michael To: Subject: RE: EXPLOR BEGINS DRILL PROGRAM ON CARNEGIE Date: Wed, 10 Mar 2010 16:17:53 -0500 Thanks for your message and sorry I couldn’t get back to you earlier, as we were tied up at the PDAC Mining conference in Toronto from Sunday to today. It will be a few weeks for the results of the final three holes in the Timmins West project to be released as some of the core has not yet been sent to the lab for assay. It is still in the process of being logged. I believe that the Carnegie results are… Read more »
Ano
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Ano
March 13, 2010 10:17 pm

Can you all say … PUMP & DUMP!! Ha! Ha! Ha!

Charles cornwallis
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Charles cornwallis
March 14, 2010 4:48 am

show me

James Marx
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James Marx
March 15, 2010 2:42 pm
From a Mining perspective, the EXS results are average to good, depending on the mineralization of the ore body. They did not hit it out of the park, as Greg said they would. They need a larger resource base now to be a profitable mine or to be a buyout target. If there are no ‘major’ finds on the Explor Property, it will be assimilated as Lake Shores property was, at a reasonable price, by West Timmins, or another near-by producer, to increase their resource base and mine life. (I do have a small holding of EXS, and may do… Read more »
non
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non
April 12, 2011 11:06 pm

pump and fump time and time again with this company

compro oro Aosta
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August 25, 2011 1:13 pm

I believe youtube is a superb tool with regard to someone having thoughts in paying attention to or importing videos. Photograph using the internet site for a long time now, and still believe that it is doing a good quality job!

Jan
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Jan
October 10, 2011 3:24 pm

You all obviously know more about mining stocks than I do. Anyone know anything about TRX (Tanzanian Royalty Exploration)? It took a huge fall recently which is never explained or even mentioned in the places I go for information—-including its own web site and JSMineset, web site of the owner of TRX, Jim Sinclair. I bought it at $7.20 and it is now at 3.80 the last I looked.
Thanks for anything at all,
Jan

Rick
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Rick
March 2, 2010 4:19 pm

Sorry I forgot toput a link to yesterday’s PR from KATX: http://www.katexploration.com/press.html

stockcrazy10
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May 24, 2010 4:02 pm

KATX was promoted by TRYPENNYSTOCKS.COM, 24-t Stock Alert, DUBAI PENNY STOCK, Whisper From Wall Street, PENNY STOCK FINDER & COOL PENNY STOCKS last June and July. I'm not aware of any recent paid promotions.

Rick
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Rick
March 2, 2010 5:11 pm

That seems a bit unfair Dean. I’ve followed Stock Gumshoe for about a year now and this is the first time I’ve posted, so I’m hardly a spammer. The reason I posted is because KATX is a Canadian gold explorer with news out – seems very relevant to this discussion to me. I certainly wasn’t trying to offend anyone.

Ilan
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Ilan
March 2, 2010 5:28 pm

Rick,
Please don’t be discouraged, you did a legitimate thing- although the possibility of someone pushing stocks to hype and dump is always there, I don’t feel it is very prevalent on this site (thank you everyone) and i don’t think it is what you were doing.
Give the guy a break, Dean.

Dean
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Dean
March 2, 2010 5:33 pm

Sorry, I shouldn’t have lashed out at you. Just seen a lot of suspicious comments around here lately.

rw
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rw
March 3, 2010 3:59 pm

advantedges needs to open an account with Interactive Brokers. It opens a whole new vista for the resource stocks investor. http://www.interactivebrokers.com/en/accounts/individuals/individualMain.php?ib_entity=llc

MarMak
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MarMak
March 3, 2010 4:01 pm

advantages: Ameritrade charges 9.99 per trade, no matter how large or small.

StockGumshoe
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StockGumshoe
March 5, 2010 10:28 pm

Trelawney got a nice bump too — didn’t match the chart or clues like Explor, and of course the timeline of junior miners almost always tests an investor’s patience (or takes his money) … but it’ll take a wiser man than me to pick the winners out of a bunch of similar miners in the same region. Makes me want to look at Royal Gold again, let someone else choose the mines. 🙂

Gaetan Larochelle
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Gaetan Larochelle
August 28, 2010 1:04 pm

You are dead on….IT IS TRR….I was told when my friend went fishing with him in May 2010.

JohnW
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JohnW
March 9, 2010 8:21 am

Couldn’t get your link to work BennyJ so can’t comment.

BennyJ
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BennyJ
March 10, 2010 11:02 pm

Sorry about that if the link does not work.
Try this.
http://thefundamentalview.blogspot.com/2010/03/explor-resources-update-progress-of.html

Try copy and paste in the URL address bar loc of the browser and see and share your comments.

ilan
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ilan
March 15, 2010 3:09 pm

Are you sure you want to give that many kisses to Michael?

elaine
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elaine
May 25, 2010 11:34 am

What big announcement are you referring to? Also, what is your target price within the next 90 days?

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