Sierra Gold Corp. – SGCP
$ 0.002 ▲0.0003 (17.65%)
Volume: 20,774,700
–As the worlds economies continue to suffer we are seeing a gold rush. The precious metal is more secure than paper currency. As the price of gold continues to rise it makes sense to put some of your money in the companies that will be benefitting from the up trend, especially the companies that are producing it. –
There hasn’t been so much action for investors with SGCP this year. A few opportunities to flip a little but quiet for the most part. Though that doesn’t necessarily mean nothing’s been happening in Sierra Leone.
The company has been preparing for what looks to be the most profitable mining season they’ve had yet. With 5 dredges already in the water and plans for adding more in the near future, investors await their first taste of production numbers and earnings as a profitable mining company. This is going to be a massive change in terms of production, considering they are just now standing on two feet as a “producing” mining company..
No matter what the numbers are it will be an improvement but if the numbers are good we are possibly looking at a sub-penny stock moving to pennies in one day. This is the kind action that makes me love trading. That intense time shortly before the big event. This, in my experience, is the wave beginning to form. This is the time I would choose to get in because the price will rise with anticipation of the news. While the stocks rising a smart strategy might be to sell a fraction of your shares just before the PR is posted that way if the results are not as positive as was expected you won’t have lost out completely, and might even have some cash to purchase shares at a lower price for the next one. As the results should only grow from here on out and the PR after this will likely bring the same kind of attention and anticipation.
I will be updating more in this time as the numbers get closer.
Until then good luck out there and remember, this is entirely my opinion only. I HIGHLY suggest doing your own DD before purchasing any stock. Happy trading!
_TG
