written by reader karim rahentulla wall st daily

By traderj44, May 17, 2013

does any one know the latest stock karim is pitching it say”s gold so pure it is not supposed to exist any help would be welcomed joe catania PS his last recoccommedation that travis posted last week NOBEL ENERGY NBL is doing very well the jan 130 calls i bought last week at 3.90 is trading at 6.00 today thanks travis

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May 17, 2013 9:22 pm

I posted this tease to the Gumshoe. When I saw it it reminded me of a report that I read about re-discovery of gold in Macedonia. An Australian company, Genesis Resources Ltd GES:AU has licensed it They claim there is 45 tons there. I wasn’t able to find GES trading on another exchange. The latest tease from Karim says Siberia. I googled that and there is a discovery but it hasn’t been auctioned off, so,,,.

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May 20, 2013 4:12 pm

Genesis Resources.
On Barchart http://www.barchart.com/futures/marketoverview
Ticker symbol GES.AX $0.14

Rook Trader
Rook Trader
May 20, 2013 7:37 pm

The teaser video indicates that it is both a large player with 150+ prospects, but a relatively small player overall (at least when it comes to mining). Also in the video it indicates that it has a comparitively high beta, it has fallen to a 1/3 of a relatively recent price (which many in the mining industry have), they are cash rich, they partner with many mining companies, and they are trading for less than $5. The email that the teaser was included in also indicated that they trade for less than $2…in summary an exploration company that has a lot of prospects, a decent balance sheet, higher beta (although if you’re trading in the the sub $2 range this is expected), I’m not sure if there was any indication of which market they are trading in . I thought I picked up somewhere that they are related to copper mining in Arizona, but that could be a complete red herring. My thoughts were starting to gel along Kinross (KGC), but since they are trading at just over $5 (with a April low of just under $5), but that doesn’t seem to fit…anyhow, I have more pressing things to look into.

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