Glencar stock (GEX in London) is too quiet! (note: on Bigcharts, the symbol is UK:GEX)
The biggest wildcat discovery of gold in recent West African history was the Glencar bonanza find in Mali. It's still "unsung", maybe because Glencar is still an obscure Irish junior gold explorer trading in London and Dublin with no American or Canadian stock listing. But the gold is there, and Glencar's got it. (It also has a very nice gold operation on it's Ghana property split off from Moydow's, but it's not quite the stunner that Glencar found in Mali.)
It's one thing for interest in the stock to dry up during the big gold correction -- that's fine. But when the gold train is moving again, the upside leverage on Glencar stock should be very high.
I have some Glencar stock, but due to a stupid arithmetic error (I mistakenly thought Glencar was quoted in pounds rather than pence when I bought), I missed literally 99% of the first up-leg. I was in on the second and third, and the down-leg that wiped out the third.
There's been no news. The Glencar stock price now has been idling on low volume doing nothing even as the gold price has taken off again. How fast they forget.... If gold prices rise, Glencar stock "should" explode again.
(By rise in the gold price, I mean rise in pounds and euros, not just in collapsing dollars.)
Should, ... but what do I know?
FL
AI
