Red Lake Gold Inc C.RGLD

Quality Properties, Insider Buying, Low Float

[osprey18]

Took a position this week.  

- Very low float under 13 mill. shares that you rarely see in an exploration company

- 3 properties in Moosehead area, awaiting grab sample Results

- property adjoining Great Bears in Red Lake camp

- non stop insider buying on open market

Its the Red Lake property that really appeals to me.  This is the only company I know with a property joining their's and if you look at map, rocks strike right onto PIvit's property.  When they announce they going in here I think the sp will really move.  Can easily see the sp 25-30 and higher depending on results.

 0.50 wouldn't be a stretch at all for this company with its properties and float of only 13 million shares.

[oldcrows]

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[dacre]

It’s the geophysical map that’s interesting.  If you look to the western boundaries you’ll see a red band (mag high) that trends northeast then looks as if it’s folded back.  The property splits in two to follow the two limbs or bands.  Where they bend could very well be a fold nose/hinge much like that on GBR’s property.  Also interesting that the property provided a grab