Free Penny Stock Screener

By Gerald Greene

March 3, 2013

Free Penny Stock Screener at Yahoo and Google

 

Free penny stock screener is an amazing screening tool that can quickly identify penny stocks that deserve closer research. Actually the free penny stock screener can identify pretty much filter out any stock at any price you may wish to research. To identify penny stocks just set the price filter to $5.00 or less.

Two Free Penny Stock Screener Recommended

Yahoo Free Penny Stock Screener

Google Free Penny Stock Screener

The Yahoo penny stock screener is probably better in searching for suitable penny stocks as you can search by many more industry categories. Both stock screeners are amazingly fast and will save tremendous amouts of time as you research stocks and filter things down to penny stock buying decisions.

Free Penny Stock Screener Good Place to Start Search

The penny stock screener is easy to use and quickly finds a short list of penny stocks according to your preferences. The screeners are indispensable tools and should help you to build a winning portfolio of penny stocks.

One of the keys to a successful penny stock investing program (speculation) is to diversity and build a portfolio of promising penny stocks. Even with careful research and investment decisions most of your penny stocks will likely not turn a profit. However by managing a portfolio you have a better chance of hitting a big winner that might earn you 1000″s of percent on your investment.

Generally it’s not a bad idea at all to take at least some chips off the table whenever you are making 100% on a stock. That way you have a free ride on the balance  of those holdings and can take a longer term view while sleeping better at night.

Good luck in using the free penny stock screener to build that winning penny stock portfolio. It’s truly exciting to see a penny stock you have bought below $1.00 leave penny stock territory and climb above $5.00 a share.  It probably won’t happen often. One thing is certain. It won’t happen at all unless you are in the penny stock finding game.

Penny Stocks to Buy Guidelines

By Gerald Greene

March 2, 2013

Penny stocks to buy and research are commonly defined as stocks that trade from one cent up to five dollars per share. Companies in this price range are usually based on a single idea or a lone product. If the product or concept fails so does the company. Penny stocks are exciting to trade but involve a high level of risk.

Penny Stocks to Buy Have Limited Financial Assets

 

Tangible assets will be limited – often under $5 million, even less if the firm has only been in business a couple of years. Annual revenues, if there are any, will also be small, probably $5 million or less. Often ongoing operations are financed by a series of private placements. This is especially true with natural resource exploratory and development companies, such as junior gold and silver mining companies, and bio technology companies involved in a long series of research and clinical trials prior to approval by the FDA and other agencies to bring new products to market.

Because of financial weaknesses and the need to fund operations by a series of private placements and venture fund funding typical methods of fundamental analysis used with larger firms are often meaningless, requiring potential investors to look far beyond earnings-per-share. Many penny stocks to buy will have losses rather than earnings or earnings will be miniscule.

J. David Stewart, who prior to his death managed one of the country’s most successful small stock advisory services, the Stewart Report – Growth Stock Investing Research, suggested looking at the following list of factors before making a decision on penny stocks to buy.

Penny Stocks to Buy Factors to Consider

Appeal of product or service – Would you personally buy what the company is selling or see a need for it in your future.

Commitment of management – Stewart never recommended a company without interviewing its CEO and other top officers. While you can’t do this, it’s fairly easy to find out if the founder is still actively involved in running the company and promoting its product or service.

A good business model – If the founder is an inventor or “idea man,” has he been smart enough to bring on a quality business manager or financial officer to ensure the company is properly structured and run according to sound business principles.
Effective marketing – A great product is worthless if it’s not being sold well.

A positive return on equity (ROE) – This is the one fundamental measure that’s of value. It’s determined by dividing net income by shareholder equity and a positive return, no matter how small, is a sign of quality in revenues, indicating the company is on its way to profitability.

Insider buying – You don’t want to buy a stock if the people managing the company don’t own it too.

A steady rise in price and trading volume, even if small – This signals increasing awareness of the company and a pattern of legitimate growth, as opposed to the big surges in price and volume often seen in low-priced stocks being used in “pump-and-dump” scams and boiler-room promotions.

Not All Penny Stocks to Buy Will Be Winners

Stewart also urged maintaining a sense of reality when trading penny stocks, reminding investors that while impressive gains are entirely possible they’re also rare. He suggested taking a “fund approach” to buying penny stocks, with a goal of doubling your money – not making one big score. While buying the right penny stock might result in a return on investment of thousands of percent such lucky penny stocks to buy decisions are rare and make only a fortunate few investors wealthy.

Penny Stocks to Buy Should Bought as Package

Put an equal amount of money into 10 penny stocks, he said, and odds are five will go broke, three will continue to chug along in the penny price range and two will turn into ten-baggers – which will give you a return in excess of 100% on the entire package.
– See more at: Penny Stocks to Buy
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Crocodile Gold Declares Cosmo Mine Commercial Production

By Gerald Greene

March 1, 2013

Crocodile Gold is a Canadian company with three operating mines in the Northern Territory and the State of Victoria in Australia. Crocodile Gold issued a press release via Marketwire on March 1, 2013 detailing full production is underway at its Cosmo mine.

7:01 AM ET 3/1/13 | Marketwire

Crocodile Gold Declares Commercial Production at Its Cosmo Mine

Crocodile Gold Corp. (TSX: CRK)(OTCQX: CROCF)(FRANKFURT: XGC) (“Crocodile Gold” or the “Company”) has reached commercial production at its Cosmo Mine.

During the last six months, the mine has sustained a development rate well in excess of its long-term requirements while increasing total ore production from less than 1,000 tonnes per day prior to September 2012 to over 1,650 tonnes per day in February 2013. At full production, Cosmo is expected to produce between 700,000 and 750,000 tonnes of ore per annum (or 2,000 to 2,150 tonnes per day) with associated recovered gold production of 75,000 to 90,000 ounces of gold.

Key Crocodile Gold Milestones:

Achieved an average ore production rate of approximately 1,600 tonnes per day during the last three months, which is equivalent to 75% of steady state production; — Increased the ore grade from approximately 2.5 g/t Au to 3.5 g/t Au. At current production levels, Cosmo is expected to produce over 5,000 ounces of gold per month; — Reached an average development rate of 535 meters per month over the last three months, in excess of 100% of the requirements for the next few years; — Demonstrated excellent recoveries of gold on Cosmo ore, ranging from 91% to 94%; — On target to reach full production rate of approximately 2,100 tonnes per day in the 4th quarter of 2013; and — Commissioned the main surface ventilation system in February 2013 that will provide airflow requirements as the mine reaches its full production rate later this year.

Commenting on these important milestones, Chantal Lavoie, President and CEO of the Company, said: “This represents a significant achievement for our Company. The dedication and resilience of our team combined with the support and engagement of our key business partners and local government agencies were all essential to attaining successful commercial production at the Cosmo Mine.”

Peter Crooks, General Manager – NT Operations, also commented: “Although some work remains to be done on major infrastructure such as expanding the underground electrical reticulation system, the ventilation airways network and the expansion of the underground pumping system, the key components are in place to bring the Cosmo Mine to a steady state operation.” He continued: “A significant amount of effort has been made to better understanding of the deposit’s geology and this will greatly assist in maintaining steady production. Four underground diamond drill rigs have been operating since last November in order to expand the resource and reserve base and allow the Company to better plan its future operations.”

More information about Crocodile Gold.

CROCODILE GOLD CORP COM CROCF – OTCQX International

By Gerald Greene

February 28, 2013

Crocodile Gold Corporation is a growing Australian gold producer that has an active exploration program in place as well as ongoing production activities from two mines. Crocodile Gold is a public Canadian company trading under the symbol CROCF with operating gold mines in the Northern Territory of Australia and the State of Victoria.

From the Crocodile Gold Corporation website:

 

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In the Northern Territory, Crocodile Gold is currently mining from its flagship property, Cosmo Underground, with production ramping up throughout 2012. Ore is processed at the Union Reefs Mill with a capacity of 2.4 million tonnes per year. Properties in the Northern Territory contain 3.175 million ounces of NI 43-101 reported measured and indicated mineral resources and 2.14 million ounces of Inferred mineral resources. These resources are inclusive of mineral reserves.

Two Producing Mines Bring Gold to Market

 

Crocodile Gold

Crocodile Gold

In the State of Victoria, Crocodile Gold is operating two producing mines: Fosterville and Stawell. Each underground mine operates with its own 1 million tonne per year production facilities. These properties contain an additional 3.732 million ounces of NI 43-101 reported measured and indicated mineral resources and 622,000 ounces of Inferred mineral resources. These are exclusive of mineral reserves which total 472,000 ounces.

The Company has an extensive exploration program in place in the Northern Territory and is exploring on several key properties on its 3,150 sq. Km land package. Crocodile Gold’s main exploration focus is on the Cosmo property and the Union Reefs and Maud Creek project areas. In the State of Victoria, the Company has exploration programs in place designed to expand the resource base of each mine property.

Crocodile Gold Has Experienced Management Team

The board and management of Crocodile Gold are experienced mine operators and developers with experience from some of the world’s largest, most successful gold companies with a proven ability to develop and grow production for the benefit of the company’s shareholders.
Read more about Crocodile Gold at the company website.
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Crocodile Gold is Trading at Multi Year Lows as Junior Mining Companies are Currently Out of Favor

Crocodile Gold is an interesting long-term play as at a price of $0.29 cents per share it is trading at multi year lows and traded as high as two dollars and 13 cents per share in early 2010. Like most junior mining shares the price has been crushed as gold consolidated around 1600 dollars per ounce during much of 2012 and early 2013. A resumption of gold’s long-term uptrend is expected during 2013.

Crocodile Gold 2012 Operating Cash Flow $ 39,143,792

Commenting on 2012 results, Chantal Lavoie, President and CEO of the Company said, “The fourth quarter results continue to support Crocodile Gold’s growth objectives. I am pleased to announce that the Company has achieved its production guidance with 155,000 ounces produced in 2012 and cash costs in line with forecasted figures. I believe that we have now built a stable base upon which to profitably grow gold production. We expect production in 2013 to exceed 2012 levels by 10%-15% as Cosmo enters into commercial production in the first quarter of 2013 and as we move other new projects forward.”

Disclosure: I have been purchasing Crocodile Gold Corp. shares near current lows and am taking  a longer term view with a three to five year holding period.

Tirex Resources Ltd. Owns a Great District

By Gerald Greene

February 25, 2013

From the Tirex Resources website

“A VMS District Rich in History, Precious in Gold

 

Tirex Resources Ltd. was formed to conduct mineral exploration and development activities in Albania. Recently, the company has announced plans to transition into production and has announced the approval of 6 separate 25 year mining licenses within the Mirdita VMS District. In addition to a keen focus on production, Tirex is targeting new discoveries through district scale exploration. Leading the way into Albania and employing modern exploration and development techniques in an area with a rich mining history, Tirex is in the right country at the right time.

“Historical data suggests that the Tirex property has the potential to host a large VMS base metal district.” (NI43-101 Technical Summary Report, Mirdita Project, Albania, 2007)

Tirex Resources Corporate News Featured Article

Things that make Tirex Resources unique…. •rather than an individual project, Tirex has a district of projects •major financial backing from the European Bank for Reconstruction and Development in the bank’s first mineral exploration funding anywhere in the world •a plan to fast track into production without any corresponding share dilution •all equity financings have been conducted without any warrants attached to the common shares.

Recent Updates Feb 20, 2013 Tirex Raises $3,019,096 in Private Placement more… Jan 07, 2013 Tirex Receives All Mining Licenses more… Nov 22, 2012 Tirex Resources Ltd. Closes First Tranche of $0.70 Financing more… Nov 05, 2012 Tirex Arranges $7.7 Million Financing more…”

Definition of VMS District – Tirex Resources

VMS – Volcanogenic massive sulfide ore deposits – From Wikipedia:

Volcanogenic massive sulfide ore deposits (VMS ) are a type of metal sulfide ore deposit, mainly Cu-Zn-Pb which are associated with and created by volcanic-associated hydrothermal events in submarine environments.

These deposits are also sometimes called volcanic-hosted massive sulfide (VHMS) deposits. They are predominantly layered accumulations of sulfide minerals that precipitate from hydrothermal fluids on or below the seafloor in a wide range of ancient and modern geological settings. In modern oceans they are synonymous with sulfurous plumes called black smokers.

They occur within environments dominated by volcanic or volcanic-derived (e.g., volcano-sedimentary) rocks, and the deposits are contemporary and coincident with the formation of associated volcanic rocks. As a class, they represent a significant source of the world’s Cu, Zn, Pb, Au, and Ag ores, with Co, Sn, Ba, S, Se, Mn, Cd, In, Bi, Te, Ga and Ge as mining by-products.

Read more about VMS deposits.

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