DCGD could fly this morning again with that great news!
DCGD is expected to see a new rally again after that big news. DCGD’s trend is very BULLISH so please make sure you put DCGD on your radar in the morning. This is a new low float gold play with price at the bottom so the chance for an upside is very big!!! There are breakout signals everywhere!
This is an extremely rare find!
Discovery Gold Corporation is an emerging U.S. based mineral exploration company offering shareholders the opportunity to participate in the ownership of high-potential international gold exploration and development.
The Company’s wholly-owned subsidiary, Discovery Gold Ghana Limited, currently holds a 65% interest (with the opportunity to re-acquire 25% for a 90% interest total) in the exclusive rights to explore the Edum Banso Gold Project within the historic and prolific gold producing Ashanti Gold Belt in Ghana.
Discovery Gold is well-positioned to take advantage of the largest gold bull market in history with recent spot prices for gold reaching over US$1600 per ounce. Global inflationary pressures and economic uncertainties are expected to further support gold prices and demand.
The Company’s corporate strategy is to grow through acquisition and exploration of high quality properties within established mining regions.
DCGD has a bounce signal to trend up once the huge news this morning being absorbed by the Street. Be ready to catch a new rally this morning!
DCGD has an impressive management team!
Its President Stephen Flechner, brings nearly 35 years of mining management and consulting experience to the Company. He was Vice President & General Counsel of Gold Fields Mining Company, the U.S. operating subsidiary of former global mining giant Consolidated Gold Fields. During his tenure with Gold Fields, his organization grew from 12 to 1200 people while acquiring, exploring, permitting, financing, developing, and operating three highly profitable gold mines (Ortiz, Mesquite & Chimney Creek), producing an aggregate of 400,000 oz. gold/year. The Mesquite and Chimney Creek mines were subsequently acquired by Newmont Mining. Later in the 1990s, Steve served as president of a TSX-V listed mining company that acquired and explored an early stage gold project in Ghana. Subsequently, he consulted to a TSX company regarding gold and uranium acquisitions in Europe and Nevada, culminating in a $40 million bought deal financing.
The reasons why I think DCGD will be a big gold winner:
- 2011 showed a 22% increase in the price of gold! Research analysts are forecasting an even stronger 2012 and expect gold to reach $2,200 per ounce! Some experts even say the value of gold may reach and exceed $5,000 per ounce sometime in 2013!
- As you may or may not know, gold mining stocks have are extremely HOT right now!
- Another observation from watching DCGD is that it moves upward on very light volume!
- Rumors say that Big News is on the horizon and typically Solid News causes a Huge Burst in Volume. This may drive the PPS Upward exponentially!
- I have kept a close eye on DCGD's trading activity the past month. The price-per-share (PPS) is up +27.27% in the past 5-days and up +40% in the past 3-weeks!
Here are some of the data of gold plays for your comparison: NECA +7.04% AUMY +48.89% DIGX +17.06% AMWI +150% DCGD ?
The buzz around DCGD is very strong heading into this morning as smart penny stock traders continue to put their buy orders in for what could be the most undervalued gold stock on the market. I can foresee a new burst in trading volume coming off breaking news this morning!
This low float gold play is extremely rare and it could put major profit in your pocket from this point!
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