Barry FitzGerald: Read all about it – these two gold juniors are ready to drop some big news
There was a wake-up call earlier in the week that the overnight gold price is not always nice to investors in junior gold stocks.
The juniors were pummelled along with the gold producers which to Garimpeiro’s way of thinking is good news because they are better value than they were, assuming the gold price consolidates.
What machinations in the gold price doesn’t do is mess with locked in newsflow from active gold explorers. And where the newsflow is positive, there is a chance for an upwards re-rating from the lower levels for the junior involved.
It’s all quite sweet really. Garimpeiro went looking during the week for some juniors with pending announcements that could make the broad sell-off earlier in the week a distant memory, hopefully at least.
FELIX GOLD (ASX:FXG): Trading mid-week at 5c for a market cap of $12.3 million. Pending newsflow – maiden resource estimate for a key project.
Felix has been quietly working away at its Fairbanks gold project in Alaska where daylight currently lasts for 21 hours and 30 minutes.
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