Jason Napadano rates it's a "BUY" and his price target offers 400% upside.
Currently trading under a dime with a $25M market cap.
China continues to accumulate gold as it plans for the Yuan to replace the dollar as the world standard currency.
The Yuan recently surpassed the Euro and moved into second place as the currency used most in global trade transactions.
Gold is at a bottom here.
The company and its potential is still unknown to the vast number of potential shareholders. Word is getting out gradually.
So much potential for less than a dime a share.
Most of the tax loss selling has already taken place and those individuals are looking for a reason to re buy their positions. This may be the catalyst to get many of them to do so tomorrow. A ten percent move to the upside this week wouldn't surprise me.
I suggest you cover your short position.
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Change the date in the link to get the daily numbers after 6:30 p.m. eastern time.
Solantey On Ihub:
This is setting up for a "short squeeze" run back to the 52 week high in the .20 range. I think it will hold that range and move higher from there as the time frame for the up listing to NASDAQ shrinks. My expectation is that the up listing will occur in the second quarter of 2014.
The shorts are struggling to keep a lid on the share price as follows:
12/2: 2,582,665 Shares Traded - Short Shares: 792,534 30.6%
12/3: 4,894,225 Shares Traded - Short Shares: 2,858,364 58.4%
12/4: 6,053,177 Shares Traded - Short Shares - 2,686,009 44.4%
6,336,907 Short Shares Over the last three sessions.