Saturday, May 19, 2012 5:25:07 PM
Read More on 007StockChat: www.007stockchat.com/GEAR
GEAR International is an emerging resource development company in the United States. Today the key projects of the company are concentrated in the following areas:
Metals and mining
Housing and Energy
Currently GEAR is in the process of acquiring upwards of $30 Billion in proven and probable in ground mineral assets.
Is $GEAR an undervalued stock?
1. If you take the current Market Value and divide it by the O/S you will get the current price per share as per
the last closing day.
$3,401,829 / $147,905,619 = .0229 which was the range of the close of GEAR price Thursday 5.17.12
2. Look at the End of Year filing located here: http://www.otcmarkets.com/financialReportViewer?symbol=GEAR&id=80707
3. Go to page 11 which is titled Balance Sheets.
4. Total Assets are $13,596,175 up 2400% from last year.
5. Total Liabilities are $5,893,826
6. Subtract Liabilities from Assets and you have a Shareholders Equity of $7,702,349
Now when evaluation of companies takes place, Gold and mining companies are given a
Speculative Market Value 5 to 7 times its current Shareholder Equity value.
Being conservative we use the 5 times formula.
$7,702,349 * 5 = Estimated Market Value of $38,511,745.
Following the previous calculation of Estimated Market Value divided by O/S
$38,511,745 / 147,905,619 = .26 estimated price per share.
Do we see why GEAR can be considered a very undervalued stock?
$GEAR Update Share Structure:
Market Value1 $3,401,829 a/o May 17, 2012
Shares Outstanding 147,905,619 a/o Mar 31, 2012
Float 76,655,299 a/o Mar 31, 2012
Authorized Shares 600,000,000 a/o Mar 31, 2012
$GEAR latest news on 19/5/2012:
$GEAR Enhances Executive Team, Significantly Reduces Share Structure
$GEAR Enhances Executive Team, Significantly Reduces Share Structure
$GEAR Chart: http://stockcharts.com/h-sc/ui?s=GEAR&p=D&yr=0&mn=3&dy=0&id=p81682029007
Technical Analysis on GEAR chart as of 18/5/2012:
Chart looks to have found a bottom, with friday's volume surging 10x the average volume- BULLISH
Rsi at 60.32 - BUY signal heading into liftoff zone at around 70 imo
Closed ABOVE resistance on friday at .0232 - Bullish
MACD close to zero line, touching the signal line and looks ready to do a bullish uptrend.
All In All, the DD and insights seem to enhance GEAR's stand of being the 2012 PLAY OF THE YEAR IMHO! Trading below its Estimated Value of 26 cents, it is no wonder peeps have begun to take notice of the stock and investors are taking their starter positions while 1000% gains from these levels are still in sight imo. Let's Profit With $GEAR! Good luck trading and dont forget your $GEAR bullet train tickets~ =)
For more info, check out: http://www.007stockchat.com/GEAR
ALL IMO,
Jason~
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