Otis Gold...
OOO for Canadian home gamers (...Horshack?)
OGLDF (OTC) for those south of the border and talk funny (especially in Cali)
Technicals show turning. Mines are in the USofA - Idaho and Nevada.
Just finished a private placement for 7.5M units of one share, plus half-a-share transferable warrant at 0.30. Sounds bad, but that is about 10M dilution to the 67M float. Still less than 100M float, so could be a mover on low number of shares alone.
Currently running about 0.20 to two-bits. Let the PP worries settle before entry.
Sunridge Gold...
Not enough Risk & Thrills? How about SGC for northerners, SGCNF for southerners.
African mines in the State of Eritrea, east Africa, along the Red Sea wedged in between Sudan and Ethiopa, and a touch of Djibouti. Area not known for being too friendly to westerners. However, Eritrea is quite friendly to the west, and that is not well known as yet. So, really not the big risk and thrills as implied.
Solid company with decent management. This is on the OTCQX, the highest level of OTC. There are different levels of OTC, and being in the QX is actually a big deal. O/S is about 117M, and 158M fully diluted.
Technicals show sp hanging on to the 200dayMA. 50dayMA is rapidly approaching and will intersect sometime in late March. If sp follows 50dayMA, it is all good. Currently running about 0.55-0.65.
The Market for 2012
May see a Market correction over Greece (when will this go away... uh, never or until Greece defaults). Big vote to bail out on 15th, with loan due on 20th - in one hand and out the other. Afterwards, should be good until "Sell in May" crowd takes over in, well, May. Middle East still simmering and could come to a boil. US housing is going to take a long, looong time to recover. Second half of 2012 might turn out to be not-so-good for Market investors, or could be very risky, so be aware.
