Seeking Alpha

Caesars Report's  Instablog

Caesars Report
Send Message
About: Caesars Report helps retail and institutional investors profit in the equity markets. We cover many companies in our Research Reports, Trading Alerts and Stock Portfolio. We have advice for every investor no matter how big or small their portfolio may be. We prefer smallcap stocks above... More
My company:
Caesars Report
My blog:
Caesars Report
  • Mining Top 25 for 2010 - 24 - Serengeti Resources Inc. 0 comments
    Apr 25, 2010 8:24 PM | about stocks: SIR


    Released during 
    January 2010, meaning that much has changed since then. Track our “Mining Top 25 portfolio” at caesarsreport.com/portfolio Sign up at caesarsreport.com to receive all reports and alerts live, free of charge.

    Price  C$ 0.280

    Ticker   SIR.V
    O/S  45,841,000
    Avg. Volume  130,900
    Market Cap  C$ 12.82M
    Sector  Mining (Au, Cu, Mo)
    Countries Active  Canada
    Cash   C$ 7.5M

    52 Week Low:  C$ 0.175 (10/21/2009)
    52 Week High:  C$ 0.360 (1/2/2009)



    Company Statement

    Serengeti Resources Inc. is a Vancouver based junior exploration company focused on exploration for copper (Cu), gold (Au) and molybdenum (Mo) deposits in the Quesnel Trough, Northern British Columbia - the largest copper-gold porphyry belt in Canada.

     
    Positive / Negative

    Positive
    : Very Strong Cash position, Kwanika is an attractive project, located in a mining friendly region.
    Negative: Kwanika is a low-grade deposit.


    Main catalysts for 2010

    - New resource estimate on the Kwanika-property (1) early 2010 (Currently: 1.6Moz Au and 1.1B lbs Cu)
    - Choo (5) and Mil (12) drill results. Both properties are near Terrane Metals’ Mt. Milligan project.



    Disclaimer

    For the full disclaimer, visit http://www.caesarsreport.com/discl

    The CaesarsReport.com employees, Caesars Report ("We" “They” “Caesars Report”) are not Registered as an Investment Advisor in any jurisdiction whatsoever. CaesarsReport.com employees are not analysts and in no way making any projections or target prices. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a representation by the publisher nor a solicitation of the purchase or sale of any securities. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. The owner, publisher, editor and their associates are not responsible for errors and omissions. They may from time to time have a position in the securities mentioned herein and may increase or decrease. Please always do your own research. All information was provided by the company, their presentations and website. We are not responsible for errors made herein. Please consult a broker before purchasing or selling any securities mentioned herein.



    Disclosure: We hold a Long position in Serengeti Resources Inc., this means we are biased, so please do your own research. Educational use only, not intended as advice.
Back To Caesars Report's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.