Did you dip your toes into this?
Been trying to release some positions, but, can't get out rite now,damn.
Fear by the time I can will be chasing.
What's your view.
A Deeper Look Into Today's Trading
Dear FutureMoneyTrends.com Member,
I wanted to give you my initial thoughts on why NGE “technically” doubled for a short time in today’s trading.
Let's look at the underlying facts that may have contributed to today's movement, including how tightly held it is....
With 60% of shares being held by insiders and their top 4 shareholders, one of whom is John Kaiser, one of the most respected resource stock pickers in the world.
Management and family own about half of the entire company. This is very positive, in my opinion, when management’s interests are aligned with shareholders. But it leaves very little for public trading, which is one of the key reasons for why the stock was up so much today, as compared to its last trade Friday.
Adding to demand for the stock today was NGE’s important press release, reporting new drill data confirming the presence of a large, gold-bearing hydrothermal system at their Grass Valley project.
With this news, our own coverage, and the lack of sellers, the stock gapped open at CAD $0.32, when the previous close was CAD $0.25. The same thing happened on the U.S. side; Friday, NVDEF closed at $0.18, and today it opened at $0.25.
The market seems to have sorted itself out today, in my opinion, and FutureMoneyTrends.com is recommending our members consider shares of this developing story immediately.
According to John Kaiser in our recent interview, CEO Wade Hodge’s could spark a modern-day gold rush in Nevada, with Nevada Exploration (NGE).
This is a long-term stock suggestion for us, so expect updates regularly.
Best Regards,
Daniel Ameduri
President, FutureMoneyTrends.com
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