OTCPK:GWAXF - Post by User
Post by
shloon Apr 26, 2016 4:51pm
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Post# 24812306
Huge Potential
Huge PotentialI am not sure why, but this stock is not moving at all in this bull market. Last week I bought a nice position after selling my SA and MSV positions with a significant gain. When investors will end covering their shorts (I believe that a major part of the bull run is just covering shorts) people will look into fundamentals and they will prefer putting their money in places like Ontario rather in Mali or Sudan to mention just of few of too many risky regions. GoWest has a nice amount of gold and they will find more. They are in a perfect location, the SP is ridiculously low and not before long people will realize it. Yes, they need to raise money but not crazy amounts. I believe that soon they will raise money hopefully for not less than 10 cents a share. When gold will be above 1300, they will have a fantastic IRR (around 40%). I see here a 5 bagger within 24 months.