A Special Alert Musing from Mickey the Mercenary Geologist
September 24, 2020
In the early summer, I wrote about the most critical factor when picking junior resource stocks: the timing of buys and sells (Mercenary Musing, June 22, 2020).
I followed that up two days later with my top pick in Nevada exploration space (Mercenary Alert, June 24, 2020).
Now that fall has arrived, I provide an update on this particular junior company: Allegiant Gold Ltd (AUAU.V; AUXXF.OTCQX).
My summertime timing was timely as Allegiant Gold got to our goal of a double for new shareholders in two and a half months. The pick was made at 33 cents; it traded in the upper 60s and reached an intraday high of 71 cents on unusually high volumes two weeks ago:
But as usual for stocks that go exponential, Allegiant quickly went parabolic. With traders taking profits and metals, major markets, and the junior sector all selling off this week, it closed at 38 cents yesterday.
My goal for this well-positioned Nevada prospect generator remains a double from its current price. I submit that the current downturn may present a buying opportunity.
My strategy is reasoned and bolstered by these eight factors:
Folks, there is news coming and a market push is ongoing. Despite recent corrections, the outlook for gold and silver prices is bullish, and given a high gold price, US-based precious metals companies should remain strong and in demand.
I am undoubtedly biased due to a substantial financial interest in this company. That said, I submit its stock has near-term upside. Why not take a gander and see if Allegiant Gold Ltd meets your speculative goals?
Ciao for now,
The Mercenary Geologist Michael S. “Mickey” Fulp is a Certified Professional Geologist with a B.Sc. in Earth Sciences with honor from the University of Tulsa, and M.Sc. in Geology from the University of New Mexico. Mickey has 40 years of experience as an exploration geologist and analyst searching for economic deposits of base and precious metals, industrial minerals, uranium, coal, oil and gas, and water in North and South America, Europe, and Asia.
Mickey worked for junior explorers, major mining companies, private companies, and investors as a consulting economic geologist for over 20 years, specializing in geological mapping, property evaluation, and business development. In addition to Mickey’s professional credentials and experience, he is high-altitude proficient, and is bilingual in English and Spanish. From 2003 to 2006, he made four outcrop ore discoveries in Peru, Nevada, Chile, and British Columbia.
Mickey is well-known and highly respected throughout the mining and exploration community due to his ongoing work as an analyst, writer, and speaker.
Disclaimer and Notice: I am a shareholder of Allegiant Gold Ltd and it pays a fee of $5000 per month as a sponsor of this website. I am not a certified financial analyst, broker, or professional qualified to offer investment advice. Nothing in any report, commentary, this website, interview, and other content constitutes or can be construed as investment advice or an offer or solicitation or advice to buy or sell stock or any asset or investment. All of my presentations should be considered an opinion and my opinions may be based upon information obtained from research of public documents and content available on the company’s website, regulatory filings, various stock exchange websites, and stock information services, through discussions with company representatives, agents, other professionals and investors, and field visits. My opinions are based upon information believed to be accurate and reliable, but my opinions are not guaranteed or implied to be so. The opinions presented may not be complete or correct; all information is provided without any legal responsibility or obligation to provide future updates. I accept no responsibility and no liability, whatsoever, for any direct, indirect, special, punitive, or consequential damages or loss arising from the use of my opinions or information . The information contained in a report, commentary, this website, interview, and other content is subject to change without notice, may become outdated, and may not be updated. A report, commentary, this website, interview, and other content reflect my personal opinions and views and nothing more. All content of this website is subject to international copyright protection and no part or portion of this website, report, commentary, interview, and other content may be altered, reproduced, copied, emailed, faxed, or distributed in any form without the express written consent of Michael S. (Mickey) Fulp, MercenaryGeologist.com LLC.
Kirkland Lake Gold Ltd. (TSX:KL) (NYSE:KL) (ASX:KLA) announced pr... READ MORE
Ascot Resources Ltd. (TSX: AOT) (OTCQX: AOTVF) is pleased to ann... READ MORE
Rio Tinto has entered into a binding Heads of Agreement with Turq... READ MORE
Frontier Lithium Inc. (TSX-V: FL) (OTCQX: LITOF) (FSE: HL2) annou... READ MORE
Uranium Energy Corp (NYSE: UEC) is pleased to announce the closin... READ MORE