IDCN DD – GOLD/OIL & GAS PLAY~
We feel this subber is setting up for a very strong technical breakout comparable to that of BEHL, SRSR and GOIG, which all had huge runs into the multiple pennies from this level.
Gold is hot, the world and the economy are changing rapidly and there are talks of gold hitting $2000.00 by years end. This will not change for some time, IDCN is in the right place at the right time and positioned to benefit greatly. Don’t forget the company is also positioning themselves in the oil and gas industry (see news below).
The stock has recently run to .0028 and pulled back to the .0012 area, only to make a run at new highs of .0031, this is very bullish. We had another pull back again to the .0012 area which was met with solid buying that drove it up to .0018 in Friday’s trading session. We are anticipating a .002 break early on in Monday’s trading session, and a push to news highs this week is a strong possibility. A break of .0031 should send us quickly to the .004/.005/.0075 area for 200% +++ gains from current levels. While 200 +++ gains are always welcome we will be holding a core position for the move into the pennies which could take anywhere from 3 – 12 months, but could happen much sooner with the right news. In our opinion it will be worth the wait.
*** We are digging in for the long haul, this is not a flip or one day play, just review the dd below and you will understand why our group has been accumulating these discounted levels.
*** Previous Alerts by our group that had massive runs!
*** (SRSR) Sarissa Resources Inc. is a junior mineral exploration company – we alerted it at .0003 and it went to .089 in 8 months and within 2 years it hit $.20, that’s right $.20 a share! Will IDCN do the same? We think anything is possible after these stocks break the .01 area, and with the right news. How high can we go?
Time will tell but we like our odds for a run into the pennies.
*** SRSR alerted at .0003 area – ran to $.20
*** LFWK / SLJB alerted at .001 area – traded as high as $.20
*** EESO alerted at .0005 area – ran to $.05
*** GOIG alerted under .001 – ran to $.06
*** Due Diligence
*** STOCKCHARTER and his group are accumulating heavy at these levels, so we know we are in good company!
Recent communications with the CEO, who stated there will be solid news soon. Friday we saw some heavy late day buying, which tells us there is something big to come. There are rumors that we could see big news as early as this week! (see email below)
The chart is primed for a challenge of .0031, which is recent highs, and with news we feel new highs will come quickly!
Assays results are due within the next couple weeks, and we fell that alone will put a huge run on the stock!
The company has recently announced a 1 YEAR AWARENESS CAMPAIGN so we expect to see a great deal of news and updates going forward! (see news below)
*** Feedback from IDCN's CEO Jeffrey Bruhjell
Posted by: cddilo Date: Thursday, May 06, 2010 11:02:54 AM
In reply to: None Post # of 34287
I emailed the CEO of Indocan Resources (Jeffrey Bruhjell) last night and asked "when can we expect news". He responded with the following:
"WE have solid news soon. Excellent property coming together.
Assays will be out in a few weeks. We already know what is there. This work is done as required by government to keep mining claims in tact."
Recent News Highlights:
*** Indocan Resources Commits to Oil & Gas Play
2010-03-05 13:59 ET - News Release
MISSOULA, Mont., March 5 /PRNewswire-FirstCall/ -- The Board of Directors of Indocan Resources, Inc. (OTC: IDCN) announces that our Oil Patch efforts are moving forward nicely. We have committed to 50% of an Oil & Natural Gas project in Pennsylvania whereby our Indocan Resources Oil & Gas LP will invest with funds from our investors, the Limited Partners, up to $593,000 in a twenty well plan that yields 60% NRI to us. These wells will co-produce oil and gas. Surrounding area wells are producing with a zero water cut and we expect the same. Drilling should commence in April with cash flow to begin in July if all is on schedule.
*** Indocan Resources Announces a Securities Awareness Campaign PR Newswire "US Press Releases "
MISSOULA, Mont. , April 21 /PRNewswire-FirstCall/ -- The Board of Directors of Indocan Resources, Inc. (OTC: IDCN) announces its plan to launch a Securities Awareness Campaign beginning April 22nd, 2010 and running until April 21st, 2011.
