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It's time to roll! The bell's about to ring and we're finally here. Today's momentum alert is:
Dolat Ventures, Inc. (DOLV)
What we look for in a momentum play: Small share structure, quiet market, and potential for GAINS! DOLV is a play we came accross while scanning for breakout picks to get this month up and running even stronger!
As of their last announcement the company's management went on to reduce their outstanding share count by more than 8 million shares in exchange for preferred stock in order to build upon their acquisition strategy. Furthermore, from a technical perspective, DOLV has shown the ability to breakout to highs of $0.05 within the last 4 months...meanwhile the last closing pps for this was at $0.0111.
What Do They Do?
Dolat Ventures, Dove Diamonds & Mining was formed to prospect for, mine, extract, cut, polish, buy, sell, export, handle and otherwise deal in diamonds and other precious stones, and metals in Sierra Leone.
Dove Diamonds & Mining has chosen to explore and mine the Baimbawai Pool in the Sewa River in Sierra Leone based on its past output as its produced high quality diamonds and gems for the long term. Sierra Leone has been a major diamond producer for 70 years and Dove Diamonds & Mining intends to be one of the leading full scale industrial Diamond Mining firms in Sierra Leone. Alluvial diamonds were first discovered in Bo District in 1930 and Dove Diamonds & Mining is already producing quality diamonds and gems for international markets.
Dolat's Millenium Mining is located in the Sewa River, located in the heart of Sierra Leone, formed by the junction of the Bagbe and Bafi rivers; it flows 150 mi (240 km) to join the Waanje River and form the Kittam, which empties into the Atlantic Ocean. The country's most important commercial river, it has historically produced the bulk of Sierra Leone's diamond exports. Historically the company has averaged close to 0.4 carats per ton of rock processed by artisanal mining since 2008. The company is in the process of bringing in the capital to automate to move production up to 800-1000 tons per day..
Ding, Ding, Ding
The opening bell is ringing and hopefully you've had a chance to start your DD on today's momentum pick. Pull up DOLV and let's see if the "Dove" mining play flies high on Tuesday!
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