This is an update to the following article first published on July 26 2013. Note where these stocks are today compared to just under one month ago.
The Juniors on the TSX have been badly beaten up for some time. Current pricing represents what some analysts are terming the buy of a lifetime in terms of upside potential. Catching the falling knife as the saying goes is a dangerous game, much safer to buy once a bottom has formed and that is the key issue for any trader. Has a new up trend emerged or more importantly has a multi-year bottom in prices been made?
Evidence suggests we are at or in the turn now and this next quarter may be the time to act. Already there are several companies trading on the TSX-V that have rewarded investors handsomely in the last month, suggesting we are now heading up.
Aurcana Corp. (AUN.V) a silver producer recently completed a 10 for 1 roll back that is often deadly for share prices. In the aftermath it fell to $1.14 but has since bounced back to over $2.50 per share and trades today (July 26) at $2.32 for a gain of over 100% in just a few weeks. Today, August 23, 2013 we see AUN continuing to move up now trading in the $3.00 range.
Huldra Silver, (HDA.V) a silver explorer and would be producer, after announcing financial issues sold down hard to just 6 cents but has since doubled off that bottom to trade at .12 as of July 26, 2013 for a 100% gain. Update since then, HDA is now trading between .14 and .15 cents.
Nautilus Minerals put in a bottom at .20 cents Canadian after delays in its undersea mining development project in the South Pacific. Since then it has bounced back up to the mid .30 cent range and trades today at .35 for a 75% gain. Since then NUS.TO has traded as high as .50 cents and as of August 26, 2013 is trading at 0.47 for a gain of 135%.
Gold Bullion Development Corp. put in a bottom at just 2 cents per share despite having a Measured and Indicated gold resource in excess of 1.5 million ounces. Since then it has traded as high as 4 cents and was trading at 3 to 3.5 cents for a gain of 50% plus back on July 26 but today is trading between 3.5 and 4 cents for a 100% gain however it appears poised to move much higher once resistance at 4 cents is breached.
This is but a short list of the dozens of opportunities that exist. Subscribe to this column for further updates and prospects based on continuing research of this opportunity-laden sector.
Although I have spoken with each of these CEO’s in the past and have owned shares in each of these firms at one time, this article is intended for educational purposes only and is not a buy or sell endorsement whatsoever. Individuals must conduct their own due diligence before making any investment decision.