Valerie Gold Resources Ltd -
Fagan says former star tempting at under $1
Valerie Gold Resources Ltd VLG
Shares issued 12,070,107 1998-09-10 close $0.75
Friday Sep 11 1998
Brian Fagan, writing in the September 1998 edition of the Fagan Report (dated Aug. 28), says Valerie Gold may be worth buying in light of its strong cash position, low price and "great upside potential." Valerie was a high-flyer in 1996, making a startling run from below $5 in April of that year to a high of $28.90 in the next month based on not much of anything. It now trades around 75 cents. The 1996 run helped place $21-million in the treasury through the sale of warrants at $14 a pop. Mr. Fagan says Valerie is about to drill the Recluse base metal prospect in the Northwest Territories, but its main focus is the Estrella gold prospect in Nayarit, Mexico, where drilling also begins this month. "Since it has $14.5-million to work with, you should get good exposure for a 75-cent bet," Mr. Fagan says. He adds that if funds begin to unload the stock, it will go lower.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
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