My initial recommendation for Solomon Gold (LON:SOLG) last March was based on a value of gold and copper 'in the ground' that its drilling was then targeting on just one part of its Ecuadorian Cascabel project, which looked – even at a conservative 1% – to be at least six times Solomon's then market cap. Since then, early followers have seen a nine-fold rise and there are 70% more shares in issue. A market cap now 15 times higher has well exceeded that original 'target'. So what next?
The answer is a lot! Newcrest Mining, Guyana Goldfields, and Maxit Capital, all of whom have bought major stakes, have moved the game a long way on. The $44m they brought to the table allows Solomon to step up a drilling programme that might otherwise have taken 10 years to unearth Cascabel's full potential, with seven drills operating by October compared with only two last month.
by Zak Mir | Trading| 1 mins. to read I have had a long standing technical target of 1.1p on Red Rock Resources (LON:RRR). The latest newsflow makes this appear all the more realistic near term.
by Filipe R Costa | Economics| 5 mins. to read The last two months and a half have been extremely positive for equities, for the U.S. dollar, for commodities, and for inflation and growth.
by Zak Mir | Trading | 1 mins. to read It has been quite a journey for shareholders of Amur Minerals (LON:AMC). But it would finally appear that the fundamental and technical positions are starting to be revealed in positive fashion.
by Evil Knievil | Evil Diaries | 1 mins. to read Coral must be completely mad – at least on the facts disclosed in today's Racing Post. A Mr Albert Kinloch, 74, of Glasgow put £100 on Glasgow Rangers being relegated in 2012 at 2,500/1.
by Victor Hill | Economics | 11 mins. to read On the day that the 45th President of the United States of America assumes office, during Davos week, I recall the observation of a great contemporary economist.
Material contained within Master Investor Magazine and its website is for general information purposes only and is not intended to be relied upon by individual readers in making (or refraining from making) any specific investment decisions. Master Investor Ltd. does not accept any liability for any losses suffered by any user as a result or any such descision.
Ingen kommentarer:
Send en kommentar