InvestorsHub Logo
Followers 38
Posts 3120
Boards Moderated 0
Alias Born 07/07/2002

Re: None

Saturday, 07/23/2011 4:21:35 PM

Saturday, July 23, 2011 4:21:35 PM

Post# of 288
Possible breakout in Scorpio Gold stock (SGN.V/SRCRF) coming to an exchange near you, very soon.

Reviewing this presentation:
http://www.scorpiogold.com/s/presentations.asp

According to page 3 of this Scorpio Gold presentation in April 2011, institutional ownership is 51% and insiders own 38% of the float. In other words, 89% of the float is unavailable for trading. So getting extra precious metals funds interested in Scorpio would lead to increasing volume and upward price movement in SGN.V/SRCRF. This is just what happened Friday. It led to SRCRF being up 10.73%, on high volume, as follows:

http://finance.yahoo.com/q?s=srcrf&ql=1