Sphinx Asia Wealth Management News Letter 1st Quarter 2011
This situation is emanating from segments of the Chinese market.
We have, as well, a certain turnaround situation in the US industrial sector. In addition, we are the beneficiaries of some highly regarded private research, that our clients have successfully relied upon in the past, to identify terrific opportunities in emerging industries and technologies; all poised for big quick moves once these fundamental realities become evident to main stream investors.
We also have a new recommendation in the gold market where we have generated substantial gains for our clients in the past.
From these recommendations, our clients will have great opportunities for massive gains over the next 6 months to 2 years. These 5 stock picks are now must own positions that will move higher regardless of overall market sentiment.
Buy Gammon Gold (NYSE: GRS)
Buy Yahoo!, Inc. (NASDAQ:YHOO)
Buy General Motors (NYSE: GM)
Buy GreenCell Technologies (XETRA: GT5.DE)
Buy DirectView Holdings, Inc. (OTC.BB: DIRV)
Gammon's recent exploration success forms a core of my updated investment thesis. During the first half of 2010 alone, Gammon discovered three new deposits at its Ocampo gold and silver mine, and it swiftly replaced nearly two-thirds of estimated 2010 production with 127,750 gold-equivalent ounces (GEOs) in new reserves. One of those three deposits, Santa Eduviges, has been fast-tracked for development, and production is expected to commence any day now.
Capital Gold's (AMEX:CGC) board has unanimously endorsed Gammon's proposed merger. The pro forma company emerges as a titan among the smaller mid-tier gold producers. Capital Gold's El Chanante mine will double Gammon's gold reserves to 3 million ounces -- apart from Gammon's existing trove of 66 million ounces of silver. Gammon sees pro forma production averaging 230,000 ounces of gold per year for 2011 and 2012 at a jaw-dropping production cost of $78 per ounce.
As of Sept. 30, Gammon held a cash balance of $107 million and carried a debt-to-equity ratio of just 3.7%. Between that capital strength and the prospect of a Capital Gold merger, I see a golden opportunity to capitalize upon one of the industry's most promising turnaround stories.
A forthcoming preliminary assessment of Gammon's Guadalupe y Calvo project, a cementing of the Capital Gold merger, and impressive reserve expansion from that successful 2010 exploration campaign could all provide dramatic upside catalysts during 2010.
We recommend the purchase of Gammon Gold (NYSE: GRS) at $8.00 per share
From these recommendations, our clients will have great opportunities for massive gains over the next 6 months to 2 years.
For more Details of our Quarterly News Letter visit sphinxasia.com/.