For my precious metals followers.....some recent updates to my account....
as stated in an earlier message, My Exeter Resources (XRA) was/is being purchased by GoldCorp (GG). I did very well (over 300%) on this holding, but I have decided to tender my shares to Goldcorp on a 1 for 12 swap as I am still very bullish on GoldCorp.
If the market continues to push forward, I see Gold in the $1,350-$1,500 near term. In the recent gold slump, large miners cut back on operations and have continued to hoard cash. IMO, they are looking to pick up junior minors and exploration companies with proven reserves in this strengthening market.
Stocks that I now own and feel are good candidates for takeover:
Victoria Gold Corp VITFF: OTC Pink
International Tower Hill Mines Ltd THM: NYSE MKT LLC (Common Stock)
AuRico Metals Inc. ARCTF: OTC Pink
and my silver holding:
Alexco Resource Corp AXU: NYSE MKT LLC (Common Stock)
anyone having DD in this sector, please share, this is my own and no one elses!!!!
Harleyman!