Garibaldi Resources Corp. (GGI, TSX-V) Update G
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Posted On: 07/07/2014 2:37:04 PM
Garibaldi Resources Corp. (GGI, TSX-V) Update
Garibaldi Resources (GGI, TSX-V) has momentum and many other factors in its favor at the moment, and on Friday the stock hit a nearly 3-year closing high of 27 cents…this morning’s long-term GGI chart from John suggests the potential for a spectacular summer – certainly the fundamentals are lined up for that given developments on the ground in Mexico and what could unfold in the emerging world class Sheslay Cu-Au porphyry district…the Sheslay area should heat up again soon as more results start flowing in from several companies, including GGI, and activity ramps up further…
Importantly, GGI appears to be on the verge of a significant Silver discovery in Mexico, based on the most recent news (high-grade, near-surface, and potential scale at Rodadero North)…furthermore, GGI continues to exhibit the perfect combination of characteristics that are found only in a small percentage of publicly traded junior resource companies:
Superb management and geological group with focus and determination
Outstanding properties/”blue sky” potential
Proven record of success
Financial strength
Highly favorable share structure with virtually no dilution in five years
Market awareness and the ability to communicate
Yes, all of the above qualities are rarely found in a junior exploration company…these features separate the wheat from the chaff in this business, and investors who understand that point can build incredible wealth by selecting the right company…this sector is littered with junk – weak management, share structures that have been obliterated, etc. – but there are nonetheless exceptional opportunities at the moment…GGI is one of them in our view…its success on the ground is accelerating…the company has also developed a brand and is delivering on that brand…
When so many companies were running scared last year, GGI kept its feet moving forward and pounced on opportunities that have helped build shareholder value with tremendous growth potential still ahead…this company is being rewarded in the market for its forward thinking and its strategic and cost-effective use of technology to quickly and accurately pinpoint potential new discoveries…
We see an explosive third quarter unfolding for the Venture which is now undeniably in a bullish new phase…certain companies – Garibaldi being one of them – will be leaders in this environment and will significantly out-perform the market as they simply have all the right ingredients, the special characteristics described above…
Keep in mind, Garibaldi has no “cheap paper” holding it down…no significant financing has been carried out in over five years – essentially no dilution since early 2009 when GGI hit a home run and sold the Temoris option (a Silver discovery) to Paramount Gold & Silver…we see a strong possibility of more home runs for GGI in both Mexico and northwest B.C. that could translate into mind-boggling gains for investors…
Updated GGI Chart
GGI has staged a confirmed breakout above Fib. resistance at 25 cents and John outlines the next measured Fib. resistance levels to keep an eye on (those aren’t price targets, just theoretical levels based on Fib. and technical analysis)…this is a powerful-looking chart, and the bullish trend is intensifying as demonstrated by the ADX indicator…
Interestingly (this is not shown on the chart), GGI’s 1,000-day moving average (SMA) is now reversing to the upside after a decline that started in late 2008…history shows, with other stocks, that that’s a huge technical development…it’s a signal that something very big could be in store for GGI as 2014 progresses…this train is on the move and gaining speed…
Garibaldi Resources (GGI, TSX-V) has momentum and many other factors in its favor at the moment, and on Friday the stock hit a nearly 3-year closing high of 27 cents…this morning’s long-term GGI chart from John suggests the potential for a spectacular summer – certainly the fundamentals are lined up for that given developments on the ground in Mexico and what could unfold in the emerging world class Sheslay Cu-Au porphyry district…the Sheslay area should heat up again soon as more results start flowing in from several companies, including GGI, and activity ramps up further…
Importantly, GGI appears to be on the verge of a significant Silver discovery in Mexico, based on the most recent news (high-grade, near-surface, and potential scale at Rodadero North)…furthermore, GGI continues to exhibit the perfect combination of characteristics that are found only in a small percentage of publicly traded junior resource companies:
Superb management and geological group with focus and determination
Outstanding properties/”blue sky” potential
Proven record of success
Financial strength
Highly favorable share structure with virtually no dilution in five years
Market awareness and the ability to communicate
Yes, all of the above qualities are rarely found in a junior exploration company…these features separate the wheat from the chaff in this business, and investors who understand that point can build incredible wealth by selecting the right company…this sector is littered with junk – weak management, share structures that have been obliterated, etc. – but there are nonetheless exceptional opportunities at the moment…GGI is one of them in our view…its success on the ground is accelerating…the company has also developed a brand and is delivering on that brand…
When so many companies were running scared last year, GGI kept its feet moving forward and pounced on opportunities that have helped build shareholder value with tremendous growth potential still ahead…this company is being rewarded in the market for its forward thinking and its strategic and cost-effective use of technology to quickly and accurately pinpoint potential new discoveries…
We see an explosive third quarter unfolding for the Venture which is now undeniably in a bullish new phase…certain companies – Garibaldi being one of them – will be leaders in this environment and will significantly out-perform the market as they simply have all the right ingredients, the special characteristics described above…
Keep in mind, Garibaldi has no “cheap paper” holding it down…no significant financing has been carried out in over five years – essentially no dilution since early 2009 when GGI hit a home run and sold the Temoris option (a Silver discovery) to Paramount Gold & Silver…we see a strong possibility of more home runs for GGI in both Mexico and northwest B.C. that could translate into mind-boggling gains for investors…
Updated GGI Chart
GGI has staged a confirmed breakout above Fib. resistance at 25 cents and John outlines the next measured Fib. resistance levels to keep an eye on (those aren’t price targets, just theoretical levels based on Fib. and technical analysis)…this is a powerful-looking chart, and the bullish trend is intensifying as demonstrated by the ADX indicator…
Interestingly (this is not shown on the chart), GGI’s 1,000-day moving average (SMA) is now reversing to the upside after a decline that started in late 2008…history shows, with other stocks, that that’s a huge technical development…it’s a signal that something very big could be in store for GGI as 2014 progresses…this train is on the move and gaining speed…
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