The following was posted in Stockhouse, Insider report.
stockhouse.com
St. Genevieve, which was brought to us by the 'source' at $0.78 has performed well and today looked strong as they announced news that its joint venture partner, Ambrex Mining Corporation, has negotiated and signed a letter of intent with Noranda Inc.
The stock was up $0.11 to $1.09 on strong volume. Here is the latest from the 'source':
I just wish to mention to you that SGV, posted here at $0.78, will be moving up again very shortly. I would like to give you may target price for this stock but each time I turn around there are new developments in the pipe that come closer to reality and I feel more bullish on SGV. So with this moving target, what I can say is that it's going much higher.
As I mentioned in my previous posting, SGV has a lot of projects on the go, and new ones popping up from each of the companies it holds share interest in. Here is the latest update for these companies:
On KWG Resources (KWG), 26% owned by SGV, posted here at $5.75, I
expected 2 newsletters to be issued which have now been delayed by 2 weeks. The influential newsletters are very bullish on KWG. The combined number of readers of these newsletters is 300,000. I will provide you more details once they are out. Now, there is no change to the expected news coming out from the Dominican JV with Falconbridge. The target is still the end of May.
On Spider Resources (SPQ), 15% owned by SGV, an influential newsletter will be out next week. I'm almost certain that this will bring institutional buying and we should see daily volume to hit the million range. I expect SPQ will hit $0.75 very shortly, like before summer! It will trade at $1.00 this summer. Now, I believe that the above unnamed newsletter has a much higher target, so please don't think that I'm hyping the stock. $2.00 was already mentioned by Investor's Digest.
On Genoil (GNOL), 36% owned by SGV, I mentioned in the last posting that they expect to hit the drill target of 4200m by early May. Due to late start it's at the end of May now. WOW! If they hit gas, it sure will be sweet icing on the cake.
On Emerging Africa Gold (EAGI), 37.5 owned by SGV, I'm still waiting to be pleasantly surprised, and we will! Remember, EAGI is like a box of chocolates, you never know what you gonna get!! Of course we know it'll be sweet.
Well, this is the update for today! Now that Bre-X is out of the way we can focus on our private show.
The Source... I'll be back!!!
----------------------------------------------------- |
