This company is trying to get the Rosia Montana project in Romania going. The last time I was in the area this was all still behind the iron curtain and pretty dreary quite apart from it being Dracula’s home. We recommended it in Sept.  at 0.50, see previous blog. You have doubled your money but there is potential for a lot more. If this 5th wave was indeed a diagonal, then a target of $2.80 is a minimum, which would make it a 5-bagger. Keep your eye on the upper trend line; break it and chances improve dramatically.

Operating in the land of Dracula is not always easy, particularly not if you are planning to use cyanide leaching as the main method of extracting gold from the earth (gold attaches chemically to cyanide and then becomes soluble in water). Romania has not forgotten a large-scale disaster that occurred back in 2000 in the Carpathian mountains. Gabriele was supposed to become the largest gold mine in Europe. From here on it looks like this has become a purely political and/or legal matter. These things become binary and big swings in the perception of the outcome can and do occur. With that in mind this may actually be a buy at the present lows or below. If our count is anywhere near correct, the immediate range for this stock would be above 0 and below $1.90.