Amazing Energy Oil and Gas Co. (fka AMAZ)

[KevinFx]

I opened my position in 2009 and just holding.

The good point is some of their properties are next to NovaGold and Newmont both billion dollar mining companies.

The bad point is that their properties are undeveloped. So for this to get of the ground they are going to need a massive investment from an outside party in the region of $5 million just to put the roads, water supply and power.

If gold keeps rising then it will happen eventually but when is anybodys guess.

I like the fact that they only have 45 million shares in the float. So it will be very easy for pps to go up. They also have a share structure that is very accommodating to outside investors, unlike other mines that have billions of shares.