Brien Lundin on Gainey Capital (TSX-V: GNC)(OTC: GNYPF): A Good Speculation Right Now
I’ll end this issue with some candy — a couple of stock tips. Not only that, but also exploration plays that are getting a bit of a buzz lately.
The first of these is Gainey Capital Corp. (GNC.V; C$0.31). The company has some smart financiers behind it, and some equally smart geologists interested in the potential of its El Colomo property in the Sierra Madre Golden Belt of Mexico.
You’ll notice that the company’s share price has been climbing in recent weeks as investors began to anticipate results from a maiden program on the company’s La Nueva Victoria zone.
It’s a bit early in this market to be betting on drill results, so I chose to wait until we got some hard data before mentioning the company. Well, results from the first hold came in yesterday and — at 70.85 meters running 1.14 g/t gold equivalent (0.65 g/t gold and 35.31 g/t silver) — they were pretty good for a first effort.
The share price didn’t advance as much as I would’ve expected on the news — just a few pennies. I like their target, and I like this first result. So I think it’s a good speculation right now.