Gold Exploration in West Africa

[FL]

Glencar Mining (GEX,London) just doubled again. Looking "parabolic" now, but that bonanza hit in Mali of 19 meterrs at 53 grams gold/ton may justify valuing the company at several times what it was before. Now it's at 8p/share in London.

You can see a Glencar price chart at http://www.bigcharts.com by typing in the symbol "UK:GEX" there. How much higher and steeper can Glencar stock go before reacting sharply? These rises almost never form a smooth S-curve (that is, after going parabolic and vertical, smoothly curve back to horizontal at a higher level). No; rather they form a sharp upward spike and prices crash jaggedly after the "parabolic" phase. Usually.

Lucky are those prescient investors who happened to buy up Glencar stock on increasing volume just before the official announcent of the bonanza hit.

FL