Tag: ERBB

HEMP, CBIS, GGSM & Extended Watchlists

We are back to focusing on marijuana-related stocks this morning, as Washington state’s legalization measures took effect at midnight last night. Tens, perhaps hundreds of thousands of happy smokers gathered at locations throughout the state, in a New Year’s Eve-style countdown-to-cannabis! We observed positive moves from several “pot stocks” yesterday, and we expect to see the trends continue as the nation gets used to the idea that the beginning of the end for marijuana prohibition is underway out West.

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Hemp, Inc. HEMP

When we initially began covering HEMP, the stock was as low as .027. It made a solid run all the way up to .09 before consolidating to bounce off of .037, at which point we saw another jump to .065. Consolidation occurred yet again, until late last week the stock found support at .035. It has been bumping into the 50DMA, and yesterday it finally got above it, with the next patch of resistance to come at the 20DMA of a nickel.

We’ve seen what HEMP can do when momentum flows into the stock, and we wouldn’t be at all surprised to catch another breakout in coming weeks, on into next year, especially with all the hype and positive attention that the medical marijuana industry has been getting.

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Cannabis Science, Inc. CBIS

We notice a lot of similarities in the HEMP and CBIS charts. Both stocks had serious runs, only to consolidate and find a higher support level, and are now gearing up for further gains, breaching the 50DMA’s.

The next patch of resistance for CBIS figures to come at the 20DMA (.068) and 200DMA (.072). As you can see below, chart indicators appear to be turning toward the bullish side, so we definitely want to keep CBIS on our scanners.

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Other Marijuana-Related Stocks to Monitor:
ERBB, GRNH, MDBX, PHOT, MJNA, TRTC, SRER

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Gold and GemStone Mining Inc. GGSM

We wanted to relay this morning’s PR from GGSM as well:

Gold and GemStone Mining Inc. and Blue Orange Mining Ltd Sign a Joint Venture Agreement
DRAPER, UT, Dec 06, 2012 (MARKETWIRE via COMTEX) — Gold and GemStone Mining Inc. (OTCQB: GGSM), an alluvial gold and diamond exploration and development stage mining company, announced today a joint venture agreement with Blue Orange Mining Limited.

Charmaine King, CEO of Gold and Gemstone Mining Inc., has announced the signing of a joint venture with Blue Orange Mining Ltd, based in Ghana offering 15 gold concessions, in a 50/50 JV.

Each concession measures between eighteen (18) to twenty-five (25) acres thus producing a total area of about forty-eight (48) acres in Dunkwa-Offin, fifty(50) acres in Pokukrom, and a total of two hundred and seventy-one (271) acres in Bibiani.

Six concessions were chosen for extensive testing, to evaluate the reserves. Results from this program would dictate the safe projection of resource to cover the thirteen mineable concessions for this project.

The concessions were evaluated by conventional polygonal methods to define the potential resources of minerals. Prospected data for the concessions was proven by a close drilling program undertaken by Dunkwa Goldfields Limited, a dredging company that held rights to extensive alluvial terrains along the Offin, Oda and Ancobra Rivers. When the company was declared bankrupt, its concessions were assigned by government for small scale operations. Records from this evaluation reveal an average reserve of approximately 11,083,696 tonnes at a grade of 0.75g/t for the six concessions. This projected over all thirteen concessions confirming a total resource of approximately 258,556 ounces and concluding a net average cost of production $721.45 per ounce for the life span of the project.

Mrs. King goes on to comment on the findings of the geological report, “GGSM is extremely pleased to announce to our shareholders and the public the geological report on our newest JV project with Blue Orange Mining shows over 250,000 ounces of easily extractable gold from the 13 mineable concessions. Even if gold was to drop to $1,500.00 per ounce, this concession would be worth over $380,000,000.00 to GGSM and our JV partners Blue Orange. With an average production cost for GGSM of $721.45 per ounce we are looking at over $200,000,000.00 in gross operating revenue for GGSM and Blue Orange Mining. Furthermore, GGSM is starting negotiations with Blue Orange to locate and finance the heavy equipment needed to begin moving forward.”

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Extended Watchlist:
TAON – We alerted the bottom yesterday at .009, looks set to continue gains.

PPHM, GMXS & Extended Watchlist

 

Peregrine Pharmaceuticals, Inc. PPHM

PPHM first began appearing in our watchlist in mid-August, and is one of those stocks that has been very good to us. We tracked it as it ran from 2.30-3.09, after which time it pulled back to 1.76, before skyrocketing as high as 5.50.For the past seven trading sessions, the stock has maintained higher lows, and seen higher highs. Yesterday, we saw a nice breakout from the .90-range before closing out at 1.14, just a nickel shy of the high of day. It broke the 200DMA (1.15), and is now approaching other key areas of resistance- the 50DMA of 1.29, followed by the 100DMA at 1.72.

After its first big run to 5.50, the following day brought a huge gap-down, with the stock opening below a dollar, and running to 1.94. If it can break past the resistance it currently faces, there is a large gap to fill between 1.94 and the 5.00-range, so we definitely want to continue to monitor PPHM.

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Gemini Explorations, Inc. GMXS

GMXS continued to maintain higher highs and higher lows yesterday, as the recent surge has turned to a steady climb. A decrease in volatility can certainly make for a more sustained run.

We were pleased to see a PR released Monday containing some favorable assay results from the company’s most recent gold project located in Columbia. This was the first update activity from the company since the beginning of the summer. :

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FT. LAUDERDALE, FLORIDA, Nov 26, 2012 (MARKETWIRE via COMTEX) — Gemini Explorations Inc., (OTC PINK: GMXS) is very pleased to report the Phase One Sampling results of its wholly owned La Planada Gold Project located in the Los Andes Sotomayor Gold region of southwestern Colombia. The Gemini sampling program focused on systematic channel and chip sampling of 3 crosscutting vein sets, mixed vein and wall rock, and the host rock exposed throughout the property. As reported earlier, La Planada has excellent rock exposure allowing samples to be taken in all areas of the project. Minera Primecap Geological Services (MPGS) directed and oversaw the sampling program. The chip and channel samples were assayed at the labs of INSPECTORATE AMERICA CORPORATION (Inspectorate), Nevada, USA. MPGS prepared the following results from 71 chip and channel samples assayed by Inspectorate Job number: 07-338-00595-01 and as reported below:

The 3 principal vein samples ranged up to 117.9 g/tonne Au and averaged 15.1 g/tonne Au.

The mixed vein and wall rock samples ranged up to 10.7g/tonne Au and averaged 3.06g/tonne Au.

The host rock samples ranged up to 7.9g/tonne Au and averaged 0.88g/tonne Au.

We will need to pay close attention to the news feeds in the near future, for any updates on this promising project.

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As we pointed out earlier this week, the chart is setting up nicely, with the RSI in the power zone, and a golden cross in the making. It will be very interesting to see how the stock reacts once the 20DMA breaches the 200.

Barchart.com is currently giving GMXS a 72% “Buy Rating”.

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Extended Watchlist:
SVEN, RNN, ERBB, EDWY, GALE,

GMXS, ERBB & Extended Watchlist

Gemini Explorations, Inc. GMXS

GMXS is an old-time favorite of ours, which reappeared on our extended watchlists on Friday, November 16th, after we observed the stock coming off of its bottom one day prior. Those of you who have been following us for some time may recall that this is the play we followed from .04-.10 back in March.

On the 16th, GMXS was as low as .03, and closed at the high of .04. Last week we continued to see slow and steady gains, finishing off the week at .059. As we stated in an afternoon update last Monday, we could be looking at a re-test of the previous ten-cent high.

The indicators on the chart are looking strong, with a possible golden cross in the making. The RSI is in the power zone, suggesting that recent momentum could continue.

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Tranzbyte Corp ERBB

Since we did our follow-upon our initial medical marijuana round-up report, we’ve been sure to continue to include ERBB in the stocks we are tracking. On the 31st following our alert, we saw a .0016 low before witnessing a jump to .013 (+713%). It slid back and found support above the 20DMA, bounced off of .0035 and hit a subsequent high of .007 this past Wednesday.We’ve been calling for a golden cross since the 13th, stating: “we have a golden cross formation setting up on the chart. This play will be on our watchlist for weeks to come.” The 20DMA also has a chance to break the 200DMA as predicted, possibly this week. Once we see that occur, we expect to see some major upward momentum in the stock.

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Extended Watchlist:

SRGE, SAPX, TLFX, EGCT,