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Fairborne Energy Ltd T.FEL



TSX:FEL - Post by User

Post by Haligonianon Jul 18, 2011 2:20pm
349 Views
Post# 18843340

Maybe Fairborne breaks out next...

Maybe Fairborne breaks out next...
...with a similar spark from Sprott or elsewhere. Like GO, FEL is still trading at a discount to its book value.

GO: Major breakout underway!

It started last week with Sprott's huge purchase (now holding over 12% of GO's float) and is accelerating today. The break of the 2011 downtrendline is obvious and accompanied by a big surge in volume. Sprott knows value and how to kickstart a market into realizing it after they make significant investments in companies like this one. Still trading at half their book value, GO is an expected easy double from here and it could happen in a blink... the long suppression in price and brutally bearish sentiment toward this company lays a nice foundation for just such a move.

Here's the chart:

https://stockcharts.com/h-sc/ui?s=GO.TO&p=D&yr=0&mn=7&dy=0&id=p11527258339

GLTA
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