Junior Gold Explorer in Nevada Attracts Big Money From Gold Producer

2016 is turning out to be a great year for the Junior Gold Miners (GDXJ) which is up 70% year to date while the S&P500 (SPY) remains flat.  Investors are turning to the junior gold miners in 2016.  Precious Metals and the Junior Miners are emerging from a prolonged bear market and some of our top featured companies are making significant news and are being rated higher.

For instance, I have been a long time supporter of NuLegacy Gold (NUG.V or NULGF) who is advancing a project in the Cortez Trend adjacent to Barrick's Gold Rush Discovery.  The stock has just made a major breakout move on record volume.  NuLegacy just announced a $6.67 million investment by Oceana Gold (OGC.TO or OCANF).  This is a significant boost of confidence in the discovery as Oceana is a multinational gold producer.  Albert Matter, Chairman of NuLegacy says, "This commitment provides NuLegacy with the funds and additional expertise to rapidly expand the Iceberg gold deposit. We are delighted to have been selected by OceanaGold in its diversification into North America's major gold trends. The Financing will also fund the exploration of our 100% owned/controlled adjacent Idaho Resources Corporation (IRC) claims with similar favorable geology as the Iceberg gold deposit. The 2016 exploration season is anticipated to start late-April/early-May."  Smart investors have been preparing for this move in junior gold miners by investing in top management teams in major gold trends in favorable mining jurisdictions like Cortez in Nevada where Barrick has its lowest cost gold operations.  Now the company has two producers as their top shareholders Barrick and Oceana.

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In other non mining related news, Siyata Mobile (SIM.V or SIMFF)  rose 18% breaking out into new highs to 35 cents and his finally broken through overhead resistance as they announced news that they became the approved vendor for Worldlynx the largest independent distributor for Bell Canada.  Marc Seelenfreund, CEO of Siyata, commented, “It is an honour for us to partner with such a reputable telecommunications company. This is a great opportunity to offer our devices to a larger audience through Worldlynx’s established customer base across Canada.”  Siyata is targeting markets that need to upgrade to next generation networks with 3G  connected vehicle devices.

Another interesting story I have been following for months is Gatekeeper Systems (GSI.V or GKPRF) which is beginning to break out of a 4 month base at 14 cents.  It could soon crossover the 200 DMA at $.155 after they recently announced a 107% gross profit increase in 2nd quarter.  The company claims it has a record backorder of $2.7 million.  This could be an exciting month for Gatekeeper Systems as a Press Day with Jones County School District is scheduled for April 27th to demonstrate the school bus cameras.  Gatekeeper will get to keep 50% of the revenue from each citation.  Jones County could be just the beginning for Gatekeeper Systems (GSI.V or GKPRF) if they are successful. Doug Dyment, President and CEO commented, “The second quarter revenue increase and profitability are indicators that we are successfully executing on our business strategy.  During the second quarter we allocated more resources to our base business in an effort to achieve profitability while at the same time we continued to move forward finalizing software features for our Jones County revenue sharing contract in Georgia.  The Jones County project is our first five-year revenue project.  Our plan is to begin issuing citations in the third quarter this fiscal year. We have 16 other stop arm camera projects in the evaluation phase all of which are in various stages.  We are in the process of negotiating revenue sharing contracts and hope to land several more contracts in the coming months."

Disclosure: I own all three companies NuLegacy, Siyata and Gatekeeper.  They are all current website sponsors so I have a conflict of interest as I could benefit if share price increases. Please do your own due diligence.

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