Wall Street Advisors
Long/short equity

The Golden Short: Midway Gold Should Be Half Its Current Price

(Editors' Note: This article covers a stock trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.)

Junior gold companies (NYSEARCA:GDXJ) have experienced a sharp rebound to start the year off in 2014. One company in particular is up 84% from its 52-week low six weeks ago, while it has been heavily promoted in emails from renowned stock promoter Jonathan Lebed with inaccurate and misleading information. Midway Gold (NYSEMKT:MDW) is the company fitting this bill that stands out as a golden short opportunity. Midway's signature Pan project appears to have failed economics when looking at the company's current market cap...

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