What’s Lundin’s February “Gold Investor” Stock?

by Travis Johnson, Stock Gumshoe | February 6, 2014 1:25 pm

Bonus Irregulars Note on a teensy weensy miner

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Source URL: https://www.stockgumshoe.com/reviews/gold-newsletter/whats-lundins-february-gold-investor-stock/


20 responses to “What’s Lundin’s February “Gold Investor” Stock?”

  1. Leo says:

    I am interested.

  2. arch1 says:

    I think maybe better investment, one pull on $5 slot machine.

  3. aunt_barb says:

    Thanks Gummy for this intriguing little extra. I’d agree that the results are not “remarkably high” but they do look pretty darn good. The stickler is, of course, economic. What will it cost to bring this stuff out, and is that 12 million going to be enough to support successful production? I’d love to hear Myron’s take on this one.

  4. jackarias says:

    This type of stock usually gets run up on the promotion then drops back to the original price. It takes millions of dollars to bring a gold mine into production, very few of them make it. It is difficult to get stock without paying a substantial premium and then even harder to get out unless you are willing to accept 20% below the last. It has already more than doubled so the play here is to short the stock which I would do in a heartbeat but shorting OTC stocks is not allowed.

    Right now the spread between the bid and asked is 23%–try getting out of a stock like then when it starts to drop and it will as the volatility is extremely high and the number of shares traded is 6,000.

    I can name 20 penny gold stocks with better numbers.

  5. lily says:

    What does that mean, that the stock is going “on the sale rack”? Appreciate an explanation.

  6. blondiegreg says:

    does any of my fellow irregulars have some thoughts on emxx. THANKS GUYS

  7. John333 says:

    I expect to lose part or all of it, but I decided to purchase 2000 shares just in case (good bid/ask spread at Fidelity: 0.237-0.245). Shares have been in a range between 10-30c in the last month. Won’t make me rich, but might someday become a source of funds.
    There’s just a (small) chance it could do something big. I agree with aunt_barb that “results are not ‘remarkably high’ but they do look pretty darn good” (5.62 g/t gold).
    See: http://goldrushresources.ca/2013/01/what-constitutes-a-good-grade-of-gold-in-gt-measurements-or-estimates/

    That concentration seems to have gradually trended higher over the past few years in these reports — but this was a cursory examination on my part.

    For a 2010 review of the company’s efforts, see: http://www.youtube.com/watch?v=gD_sskqj7Bg

  8. angryyachtchef says:

    If you are after a real gold story, check out ABU.AX in Australia. Growing high grade (15g/t gold) resource from surface, trail mining compete, waiting on final approval of Mining Licence…. look into it, this one is GOLD.

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