We’ve seen some newsletter coverage on AGCZ this weekend. We’ve been on this stock for around 6 weeks now, long before any of these other groups even thought about running a promotion.
Once again, we show up to the party well in advance, and we’ve brought you along for the ride!
BOCA RATON, FL, Mar 25, 2012 (MARKETWIRE via COMTEX) — Andes Gold Corp (PINKSHEETS: AGCZ), a gold mining company with existing operations in Ecuador, today discussed the Company’s current operations and projected what can be expected in the coming months.
The Company is currently mining its gold concessions located in southern Ecuador. This consists of two mines having proven gold reserves of approximately 395,000 ounces of gold. At today’s prices, that represents a value of over $600 million in potential revenue based on an average price per ounce of $1650. The Company’s present mining efforts extract and process approximately 50 ounces per day with an immediate goal of increasing that to 100 ounces of gold per day.
Convergence Ethanol, Inc. CETH
CETH is new to our radar this morning. Despite the name that suggests biofuel, this is in fact a gold play. In the past, we’ve done well with goldmining plays, and have added this stock to our watchlist after noticing increasing volume, and some explosive gains.
As recently as Feb.6th the stock was trading between .001-.003, before hitting a high of .099 on Mar. 13th. (9800% gained!) Friday we saw an increase in volume, trading over 3X its 3mo average, up 95%, closing at .036. Should CETH reach previous highs, from the current price, that could mean an addition 175% in gains.
This is a stock that had news out last week, causing it to wake up, opening at .42, and touched .40 before reaching a high of .60, for an intraday gain of 50%, and closing out the day near to the HOD at .59 on record-high volume.
This could figure to be a momentum play this morning, especially in light of recent news:
TAMPA, FL, Mar 26, 2012 (MARKETWIRE via COMTEX) — American Fiber Green Products, Inc. (AFBG) (OTCQB: AFBG) (PINKSHEETS: AFBG) today announced that the company has signed Master Service Agreements with two Global Fortune 500 companies for its fiberglass recycling program.
Raptor Pharmaceutical Corp. RPTP
RPTP is another new stock for us today, as a possible bottom-bounce play. The stock saw a new low since January on Thursday, with Friday being the first up day after that low was reached.
Chartwise, the MACD is getting ready to cross, and the RSI is coming off of being oversold. Coupled with today’s news, and ripening chart, we could see some nice gains from RPTP early-on this week.
Catalyst Resource Group, Inc. CATA
We caught CATA late on Friday, the stock was trading at .0018, just prior to seeing gains of over 100%
A rush of volume came in following our alert, as the stock traded nearly 6X the 3 mo. average. It will be interesting to see how much of that momentum spills over into this week.