DGRI.pk Momentum Makes us Money
Staff TPSP Newsletter
Not just Good ……. A GREAT AFTERNOON TRADERS!!!! Today, Dutch Gold Resources, Inc. (DGRI.PK) has made a HUGE MOMENTUM RUN on OVER 35 Million Shares traded (Still Holding Up over 12%).
That is what we call Momentum!!! We want to congratulate the members who have enjoyed this 15% Quick Profit Potential by READING, RESEARCHING & REACTING Quickly this Morning. You Made $!!! DGRI.pk made a solid run with no/minimal gap (more profit potential), however, some members wrote us and said they missed the info this morning and didn`t make the trade in time for the market.
We are going to fix that by sending our NEXT MOMENTUM & BREAKOUT PLAY tonight so that you have time to READ, RESEARCH and REACT in tomorrow`s market.
As for DGRI.pk, we LIKE IT as long as the UPWARD MOMENTUM CONTINUES! In case you missed this morning`s alert/information article – see below Good Morning Traders!!! We have refined our tools and selecting skills to bring you a momentum play that has the potential to be a GOLDEN PORTFOLIO BOOSTER!!! Dutch Gold Resources, Inc. (DGRI.PK) For Reasons Why we Like the Momentum for Immediate Action! – See Below DGRI sits at a point on the chart where support & accumulation are growing! DGRI has been a proven runner in the past with gains of over 35%, 50% and even 100% during peak GOLD periods (like the one we are in right now!!!) DGRI is coming off a 200 Daily Moving Average Bounce and is Approaching the Powerful 50 Daily Moving Average Breakout! DGRI has a MACD approaching a BULLISH CROSS and MOVE NORTH … Price Per Share has a strong tendency to Follow This Trend! Dutch Gold Resources Inc PINK: DGRI Previous Close: $0.0139 % Change: (3.5%) Volume: 25,175 10 day Avg Vol: 121K Market Cap: 6M 52 Wk Range: $0.001 $0.06 Simple Moving Average (SMA) On Monday, DGRI closed above its 10 day moving average. This is generally considered to be an indication of a bullish trend.
Total assets as of December 31, 2010 were $6.3 million, compared to $1.2 million as of December 31, 2009, reflecting the acquisition of property in Basin Gulch, Montana, the subsequent reverse acquisition of Aultra Gold, Inc., the company`s 67% subsidiary by Shamika Gold, Inc. As a result of the Shamika Gold transaction, the company retained 4,950,000 shares of Shamika 2 Gold, Inc.
(OTCQB:SHMX). These shares, valued at $3.2 million as of December 31, 2010, are classified as a short term investment in available for sale securities and account for the significant increase in total current assets to $3.4 million as of December 31, 2010 from $0.3 million as of December 31, 2009. Total liabilities decreased to $7.7 million, from $8.1 million as of December 31, 2009. Total stockholders` deficit narrowed to $1.3 million, from $6.8 million as of December 31, 2009 as a result of the issuance of common stock primarily for the acquisition of mining properties and to retire debt.
“During 2010 we accomplished the operational and financial goals we set for ourselves at the beginning of the year to strengthen the company`s balance sheet and management team and increase our portfolio of mining properties. As a result, the financial profile of the company at the end of 2010 is a vast improvement from 2009 with greater liquid assets and total assets and a reduced stockholders` deficit, due, in large part, to the acquisition and subsequent spinoff of Aultra Gold, Inc.,” said Dan Hollis, CEO of Dutch Gold Resources.
“With an improved balance sheet and lower operating expenses, the Company is now a position to continue to expand our resource base. Basin Gulch and Jungo should grow organically, and we intend to grow through the acquisition of new properties. Results of the drilling program at Basin Gulch to date have been promising. The Company plans to continue the development of the management team, to facilitate the expected growth in 2011. We plan to focus most of our efforts in 2011 on advancing the drilling program at Basin Gulch toward small scale underground production while investing in technical resources and adding depth to our technical team,” added Hollis.
About Dutch Gold Resources Dutch Gold Resources, Inc. is engaged in the acquisition and development of gold properties in North America. The company`s strategy is to focus on overlooked resources that have the potential to have a value creation event within 24 months of acquisition. The Company criteria call for a property to reach either near term production, or be a candidate for development through joint venture financing during the two years subsequent to acquisition. The Basin Gulch project Montana, the Jungo property outside Winnemucca, Nevada, and the Gold Bug Mine in Oregon comprise the Company`s current portfolio. The DGRI management team is composed of seasoned professionals with decades of experience in geology, and in mergers and acquisitions, as well as corporate finance. For further information, please see [1]http://www.dutchgold.com/
Remember, this is a MOMENTUM PLAY! Watch for the Breakout and Enjoy the Ride! Trade Safe & Take Profits when you Can in this Volatile Market! Happy Trading! PSP Staff _____________________________________________________________________________ The disclaimer is to be read and fully understood before using our site, or joining our email list.
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References 1. http://www.dutchgold.com/
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