Wednesday, January 31, 2018 1:36:12 PM
Gungnir and Timberline Buying Opp
Good Afternoon,
I'll keep this short and sweet mainly for readers already involved and aware of these companies, which are both in my top 10 junior gold recommended list. Gungnir Resources (GUG/ASWRF) and Timberline Resources (TLRS/TBR) have been drifting lower for several months and are now becoming extremely attractive valuations to buy in. I've attached weekly charts on both stocks and two things stock out to me.
Gungnir has pulled back in a very systematic way since early 2016, retreating 50-60% from highs every 6-8 months, followed by multi month rallies to new highs. Investors that add/added around the areas circled have become quite pleased in the ensuing 3-6 months and we are at that level right now. This is an excellent gold junior company with a very exciting story in Sweden, major nickel assets, new discoveries from last season to follow up on, and a $1MM annual incoming cash royalty. I'm reiterating my strong buy on GUG....buy up to 15 cents CDN
Timberline Resources is now approaching a major long term support area, which you can clearly see on the chart. The price is oversold on low volume. Uncertainty around the Talapoosa option payment due this spring has investors on the sidelines. However, there are a lot of possibilities on how this shakes out in the next 60 days, anything can happen. Even if the worst case comes and they give the project back, the company has 800K ounces of gold at Eureka and Seven Troughs to build on and right now that gold can be bought for about $6 an ounce in the ground (just Eureka). Downside is very limited at current prices and I continue to recommend accumulation.
It is easy to figure out what you believe. The difficulty lies in determining - is what you believe the truth.
Recent TLRS News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/13/2024 06:27:02 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 01/17/2024 05:38:00 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 01/02/2024 08:34:02 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 01/02/2024 04:43:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/28/2023 10:28:45 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/20/2023 08:34:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/15/2023 10:23:34 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/11/2023 04:04:13 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 07/12/2023 05:19:18 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/07/2023 07:29:21 PM
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