Here's the latest from Stockhouse Online Journal
Seems Im the only one on this thread and talking to myself. Next time I won't bother...
Regaards, Dan
'The source' updates us on SGV today:
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Time for another update on SGV...
On KWG Resources (KWG), 26% held by SGV:
We had some excellent news release on KWG today. See StockHouse for the release. Look at the numbers and judge for yourself. This Cupey property has $9.5 billion of recoverable metal which is calculated at very conservative numbers. There is no question that this project is going to attract the attention of big money who may want to get in on the action either through financing or some other JV deal.
On another front, we should expect some news release this month to come on the Dominican property which KWG has a JV with Falconbridge. Let's keep an eye for the news as expectations are high that it should be an excellent release.
Now, if the above is not enough, how about recent releases on the KWG/SPQ.
Remember, KWG has only 22 million shares outstanding. The company is very well financed and is ready to produce gold in Russia. What more can you ask for? Oh, yeah, higher gold prices perhaps! Well, if not, KWG as diamonds and now nickel and cobalt. If they can make money on Cuban cigars, KWG may be in it too!
On Genoil (GNOL), 36% held by SGV:
There was expectations that GNOL would hit gas in the St. Leonard No. 1 well. As it turned out the well was not capable of commercial gas production and therefore was abandoned. High risk high rewards!
You may have noticed that the shares of GNOL have been active in the last few days and the price of the shares moved up from $1.80 to hit $2.50. The company was requested by the ME to explain the last two days of activities. According to the company, they have no explanation. Let me help. Expectations are high on finding a mega oil well on the Ana Maria NO. 1 well in Cuba. Why else would the stock move with what is relatively high volume trades for GNOL shares.
Well, now you have the latest update and perhaps you can see why SGV has the potential to move much higher. The company gains no matter which of its holding companies hits it.
The source.. I'll be back!!! |
