Hi Darryl and All! The following write up on Baron Gold by Dennis Wheeler of "Gold Stock Report", an investor news letter, was just mailed out to the 9,500 subscribers last week. It is always nice to have the stock recommended! (I've just included the relevant copy)
"The Penny Stock Returns:
For the past 24 months, it's been fashionable to buy exploration gold stocks in the C$4 - C$6 range in hopes of watching them grow to C$20 or more. It wasn't always that way, as for many years it was fashionable to buy cheap penny stocks in Vancouver and watch them grow to C$1.00.
From what I hear investors telling me, I won't be surprised to see the penny stock make a big comeback. You see, so many investors have lost so much money seeing their $3, $4, $5, and $6 stocks fall so far, I think we're likely to see a return to the days when buying a stock at $.30 and riding it to $.90 was popular, if not sound, investment strategy.
This would be a strategy of defense; one that demonstrated the fear now resident in the marketplace. But I think it's coming.
(One set of exceptions to this rule will be those Companies out there with loads of cash in the bank that are exploring big gold targets. Some of them will hit and their shares will skyrocket.).....
A second penny stock that you should consider is Baron Gold (BXG.V, C$.29). This is a new play under the direction of Larry Reaugh, after whom Rea Gold is named. Larry has been an active mine finder form many years. BXG holds two properties in British Columbia, and the upcoming exploration work should spark enough interest to move the shares higher.
One project is called the Strebe Gold property located near Nakusp. Previous work has produced drill-inferred reserves of 75,000 ounces of gold. BXG intends on increasing this amount to the point where the project becomes a small but viable gold deposit. A drill program is scheduled to begin in July for this high-grade, underground vein-type project. (The best hold drilled in 1988 returned 12.5 feet of 1.20 OPT gold.)
This isn't what you'd call a potential big deposit. (The company is looking to prove up between 250,000 and 400,000 ounces.) But it is the type of situation that has been played in Vancouver for years. If you make a profit on it, take it and move on. For more information call Judy Ryon at 888-999-8607."
To subscribe to the "Gold Stock Report" call: 1-800-728-2288 ($49/yr in US, $62/yr in Canada)
Thought you'd find it interesting!
Judy Ryon
BXG IR |
