About Broad Street Alerts:
Big opportunities in Small Cap’s
Broad Street Alerts recent profiles and track record, 153% in verifiable potential gains for our members on the last 3 small cap alerts alone!
February 10th, 2016- (NASDAQ: BONT) opened $1.65/share hit a high of $3.00/share within 30 days our member potential gains- 83%
March 7th, 2016-(NYSE-MKT: FSI) opened at .91/share and hit 1.10/share within 5 days for gains of 21% for our members.
March 24th, 2016- (NASDAQ: ICLD) opened at $.77/share it a high of $1.15/share within 2 days for gains of 49% for our members.
These are numbers that make traders drool. Any trader in any market would fall all over themselves to see numbers like this. So if you’ve been on the fence, perhaps it’s time to start doing some research and verify our numbers for yourself. We are constantly raising the bar and separate ourselves from the rest of the small-cap newsletters as the best in business. We know with a large following comes a large responsibility as we have everyone from institutional investors to the beginner following our profiled securities in our newsletters. This is something we take very seriously always seeking small cap growth companies that have both near and long-term potential for our members.
***Get our small cap profiles, special situation and watch alerts in real time. We are now offering our VIP SMS/text alert service for free, simply text the word “Alerts” to the phone number 25827 from your cell phone.
Due Diligence Report: GSS Raises %15 million at $0.66; Currently Trading at $0.71
Summary:
Golden Star Resources Ltd., incorporated on May 15, 1992, is a gold mining and exploration company. The Company’s segments include Wassa, Bogoso/Prestea and Other. The Company holds interest in the Wassa and Bogoso/Prestea gold mines in Ghana. The Company is pursuing brownfield development projects at its Wassa and Prestea mines. The Company holds interests in gold exploration projects in Ghana and other parts of West Africa. In South America, the Company holds and manages exploration properties in Brazil.
The Company, through its subsidiary, Golden Star (Wassa) Limited, owns and operates the Wassa open pit mine, located in the southwestern region of Ghana approximately 30 kilometers northeast of the town of Tarkwa, Ghana. Wassa has a nonrefractory processing plant (Wassa processing plant) consisting of a carbon-in-leach (CIL) system with a capacity of approximately 2.7 million tons per annum. Ore from the Wassa mine is processed at the Wassa processing plant.
The Company, through its subsidiary, Golden Star (Bogoso/Prestea) Limited, owns and operates the Bogoso gold mining and processing operations and the Prestea mining operations located near the town of Prestea, Ghana. Bogoso/Prestea has a CIL processing facility, which is suitable for treating non-refractory gold ore (Non-refractory plant) with capacity of approximately 1.5 million tons per annum. The Prestea mining operations consists of an existing underground mine, neighboring open pit deposits and associated support facilities. Bogoso/Prestea processes the Prestea open pit ore through the Non-refractory plant.
Golden Star Resources Ltd. has a current market capitalization of $325.19 with 259.90 M outstanding shares. Its daily average volume traded is 2.82 M shares.
Financial Highlights (Q4 2015):
Revenue: 56.42 M
Gross Profit: 10.01M
Net Income: 13.78 M
Cash and Cash Equivalents: 35.11 M
Total Debt: 125.85 M
Recent News and Analysis:
The company recently announced that it has entered into an agreement with BMO Capital Markets (the “Underwriter”), under which BMO Capital Markets has agreed to buy on bought deal basis 22,750,000 common shares (the “Common Shares”), at a price of US$0.66 per Common Share for gross proceeds of approximately US$15 million (the “Offering”). The Company has granted the Underwriter an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Common Shares purchased under the Offering to cover over-allotments, if any. The net proceeds of the Offering will be used for debt reduction as well as for working capital and general corporate purposes. This will further enhance the reduction in debt that occurred in, and subsequent to, the first quarter of 2016 which includes the repurchase of $3.6 million principal amount of the Company’s 5% Convertible Debentures for $1.8 million that included an interest payment of $0.1 million, leaving $73.9 million principal amount outstanding of the Convertible Debentures that will mature on June 1, 2017.
This news and the recent price activity is promising for GSS. Not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well. These positive earnings estimate revisions suggest that analysts are becoming more optimistic on GSS’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Golden Star Resources could be a solid choice for investors. In the past 30 days, 1 estimate has gone higher for Golden Star Resources while none has gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 2 cents 30 days ago, to a gain of a penny today, a significant move. Meanwhile, Golden Star Resources current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, with estimates narrowing from a loss of 5 cents 30 days ago, to a breakeven today, a significant move.
Conclusions:
The stock has also started to move higher lately, adding 58.7% over the past four weeks, suggesting that investors are starting to take note of this impressive story. Looking at the price action of GSS in the longer-term chart, we can see that dips under 25 cents have been bought during the past year. Prices are above the 40-week moving average. The On-Balance-Volume (OBV) line is rising and the Moving Average Convergence/Divergence oscillator is positive. The next resistance on GSS is not until the 75 cents area. Wait a minute. Don’t switch your screen over to your online brokerage account to buy GSS. The real reason for this update is to get you to think about this small part of the equity market. Soaring speculative names are usually a sign of a frothy market but because there are so few opportunities in this space, I think we will see more of this happening and it won’t be a sign of a top. Yes, gold could have some setbacks, but it trades strong as minor corrections have been intraday or just sideways. Gold could be the big surprise market of 2016 and 2017.
Sources:
- http://www.reuters.com/finance/stocks/companyProfile?rpc=66&symbol=GSS
- http://www.google.ca/finance?q=NYSEMKT%3AGSS&fstype=ii&hl=en&gl=ca&ei=xAkpV7jVFcaVjAH2ia3wAg
- http://finance.yahoo.com/news/golden-star-resources-announces-us-120321849.html
- http://finance.yahoo.com/news/why-golden-star-resources-gss-131201618.html
- http://realmoney.thestreet.com/articles/03/08/2016/golden-star-resources-get-ready-go-vertical?puc=yahoo&cm_ven=YAHOO
Author’s Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it, and I have no business relationship with any company whose stock is mentioned in the article. I reserve the right to sell the redistribution rights to this report for up to two hundred fifty dollars/news source.
The information contained herein is not intended to be investment advice and does not constitute any form of invitation or inducement by Robert Borowski, MSc. to engage in investment activity. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Securities, financial instruments, strategies, or commentary mentioned herein may not be suitable for all investors and this material is not intended for any specific investor and does not take into account an investor’s particular investment objectives, financial situations or needs. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only current as of the stated date of their issue. Prices, values, or income from any securities or investments mentioned in this report may fluctuate, and an investor may, upon selling an investment lose a portion of, or the entire principal amount invested. Past performance is no guarantee of future results. Before acting on any recommendation in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice.
DISCLAIMER
Broad Street Alerts has compensated the author of this report up to two hundred and fifty dollars for the redistribution rights for a period of up to 30 days.
BroadStreetAlerts.com is a wholly owned subsidiary of Small Cap Specialists LLC, herein referred to as SCS LLC.
Our reports/releases are a commercial advertisement and are for general information purposes ONLY. We are engaged in the business of marketing and advertising companies for monetary compensation. We have not been compensated in any form by any entity for this report. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. The disclaimer is to be read and fully understood before using our services, joining our site or our email/blog list as well as any social networking platforms we may use.
PLEASE NOTE WELL: SCS LLC and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever.
Release of Liability: Through use of this website viewing or using you agree to hold SCS LLC, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. SCS LLC encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and SCS LLC makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. None of the materials or advertisements herein constitute offers or solicitations to purchase or sell securities of the companies profiled herein and any decision to invest in any such company or other financial decisions should not be made based upon the information provide herein. Instead SCS LLC strongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D. SCS LLC is compliant with the Can Spam Act of 2003. SCS LLC does not offer such advice or analysis, and SCS LLC further urges you to consult your own independent tax, business, financial and investment advisors. Investing in micro-cap and growth securities is highly speculative and carries and extremely high degree of risk. It is possible that an investor’s investment may be lost or impaired due to the speculative nature of the companies profiled.
The Private Securities Litigation Reform Act of 1995 provides investors a ‘safe harbor’ in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be “forward looking statements”. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as “projects”, “foresee”, “expects”, “will”, “anticipates”, “estimates”, “believes”, “understands”, or that by statements indicating certain actions & quote; “may”, “could”, or “might” occur. Understand there is no guarantee past performance will be indicative of future results.
In preparing this publication, SCS LLC has relied upon information supplied by its customers, publicly available information and press releases which it believes to be reliable; however, such reliability cannot be guaranteed. Investors should not rely on the information contained in this website. Rather, investors should use the information contained in this website as a starting point for doing additional independent research on the featured companies. The advertisements in this website are believed to be reliable, however, SCS LLC and its owners, affiliates, subsidiaries, officers, directors, representatives and agents disclaim any liability as to the completeness or accuracy of the information contained in any advertisement and for any omissions of materials facts from such advertisement. SCS LLC is not responsible for any claims made by the companies advertised herein, nor is SCS LLC responsible for any other promotional firm, its program or its structure.
SCS LLC is not affiliated with any exchange, electronic quotation system, the Securities Exchange Commission or FINRA. SCS LLC is not a Broker/Dealer and does not engage in high frequency trading.
