02/09 UPDATES: LGO-TSXV, FOS-TSXV, Winner: MYA!!
Greetings penny stock traders,
* We have added another big WIN to our list of hot penny stock trades! Maya Gold & Silver (MYA-TSX Venture Exchange) was profiled in Penny Stock Rockets on January 28th at 0.25. MYA is trading strong today and is sitting at 0.40 bid, giving us a 60% GAIN in 2 Weeks!
We have two more Canadian penny stocks in the junior mining sector.
* Largo Resources (LGO-TSX Venture, 0.105, http://www.largoresources.com) Largo is developing a large Vanadium deposit in South America. The most important document a company can obtain in the junior resource exploration business is a feasibility study - and LGO has theirs in hand! The feasibility study has cleared LGO for pushing the project into PRODUCTION, and states that this property will produce well over $1 BILLION in cash flow over the 23 year mine life; this number is conservative and has a large likelihood of being much higher. Shares of LGO traded as high as $1.60 in June 2008, but have been beaten down with most other resource based stocks, however recent activity suggests the market is once again taking notice of this stock. If this isn’t a short term play, we absolutely love the longer term prospects of this company and count it as a great bottom fish.
* Phoscan Chemical (FOS-TSX Venture, 0.32, http://www.phoscan.ca) FOS similarily has a massive phosphate deposit in Canada which has been approved for development for production. This, also, is going to be a massive cash cow once the operation starts running, with estimates at $200 million/year! The company traded as high as $2.40 during the agricultural boom of last year. They raised in excess of $100 million in 2008, at share prices closer to $2.00; which speaks very loudly to the belief serious investors have in this project. We can get in on the ground floor in the low 0.30’s. Again, we believe this may have strong short term trading opportunities, however we will be holding a position for the long term as the company progresses toward production. We see the stock going above $2.00 within 24 months, giving a low risk potential for 600% return.
We have a number of exciting stocks on our radar which we will be reporting on very soon.
To your profitable penny stock trading,
Penny Stock Rockets