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Our New Pick is: GLLK
Current Price: $0.90
We are a perfect 6-for-6 so far in July.
These recent trade opportunities have delivered a combined total of +361% in realistic profit!
In addition, our NYSE-listed alert from January 15, 2016, GBR, hit a new 52-week high of $6.10 per share on Friday for a true gain of +682.05% over our $0.78 buy call!
Talk about a sizzling hot summer winning streak...
It's time to carry our winning momentum into this trading week!
Immediately turn your attention to GLLK (Gold Lakes Corp.).
GLLK is an exploration stage company that specializes in acquiring and developing mining assets in Canada.
GLLK’s primary asset is the “Big Monty”. It is a recently acquired, 2,846-acre property in the rich Abitibi Greenstone Belt in Ontario, Canada. This mining asset consists of 72 mining claim units totaling 2,846 acres and is located in the prolific Abitibi Greenstone Belt region, in the Frecheville township of Ontario Canada. GLLK plans to develop and execute the current work plan for the “Big Monty” which consists of extensive geophysical work and a minimum 2000 meter drill program. The "Big Monty" property is near several existing producing gold mines, and borders property owned by St Andrew Goldfields Ltd. which was recently bought for $178 million CAD by Kirkland Lake Gold Inc (TSE: KGI).
GLLK's secondary asset, known as the “Ponderosa”, is also located in Abitibi Greenstone Belt. This new interest consists of 329 claim units, stretching across 13,000 acres within the townships of Mistaken Islands, Stoughton, and Frecheville of Ontario, Canada. Given the nature of the rich mineral deposits found in the area, GLLK intends to conduct an airborne survey of the areas and target specific areas to commence an aggressive drilling program.
Likewise, GLLK will continue to explore financing for new joint venture opportunities with mining companies located within the Abitibi Greenstone Belt.
GLLK Achieves Blue Sky Compliance
On May 4, 2016, GLLK announced that the Blue Sky Monitoring Service has completed its audit and reports that Gold Lakes Corporation is now Blue Sky compliant in 39 U.S. states.
By gaining Blue Sky compliance in more jurisdictions, the company considerably enlarges the magnitude of investors of whom broker-dealers can purchase and recommend their stock. “This is a great milestone for our Company. By achieving the ability to become more widely traded, we secure a much larger potential market by which we can build the Company. Our goal for our investor community is the building of a strong company with a robust shareholder base. This is a great start.” stated Mr. Christopher Vallos, President of GLLK.
Blue Sky laws are U.S. state securities laws established to protect investors from fraud. Broker-dealers are legally not permitted to recommend, solicit or discuss a security with a client unless that security is compliant with the Blue Sky Laws of the state in which the investor resides. These laws are applied in addition to federal securities laws. Blue Sky compliance is mandatory for the 280,000+ U.S. registered investment advisers to advise, discuss, or recommend a company's stock to their investor clients.
GLLK Strengthens Balance Sheet and Announces Settlement of $101k of Debt
On June 28, 2016, GLLK announced that it has been successful in negotiating with a debt holder. The outstanding principal, together with accumulated unpaid interest for a total of $101,800 will in effect be removed from the company's balance sheet.
This transaction substantially improves GLLK's capital structure by completely eliminating 100% of the debt and avoiding the potential dilution of common shares that would have resulted from its conversion. This transaction is part of an ongoing effort to improve GLLK's long term outlook by reducing outstanding debt obligations, strengthening the balance sheet and improving shareholder value.
GLLK Announces Forward Stock Split Effective July 18, 2016
On July 18, 2016, GLLK announced that it has completed a 3 for 1 forward split of its common stock. Approved by FINRA, the forward split was announced July 15, 2016 on the FINRA Daily List.
GLLK's President and CEO, Christopher Vallos, stated, "This is an exciting time for Gold Lakes and now that the forward split is effective we hope to broaden our investor base as the company executes its work plan for the “Big Monty” which consists of extensive geophysical work and an extensive drilling program.
- For the first time in two years, gold has spiked over $1,300 and is expected to steadily increase in 2017.
- Gold Miners ETF (GDX) has increased by more than +50% since the start of 2016.
- Just northwest of the border of the Porcupine-Destor Fault Zone, St. Goldfield’s Holt Property was bought in early 2016 for $178 million CAD by Kirkland Lake Gold Inc (TSE: KGI).
- In June 2015, Oban Mining (OBM: TSX), a $60 million market cap company, took big steps in their strategy to start mining in the Abitibi Greenstone Belt.
- The Abitibi Greenstone Belt is a prolific area in Canada that has produced hundreds of billions of dollars’ worth of gold, silver, zinc, and copper for over a century.
- Also known as a gold mining district, the Abitibi Greenstone belt has produced 180 million ounces of gold from over 100 mines since 1901.
- The Abitibi Greenstone belt is comparable to the Carlin Trend in the U.S. state of Nevada which is known as North America’s largest gold producing area and the second largest resource for gold in the world.
GLLK hit a new 52-week high of $0.93 yesterday.
The company closed yesteday's session +2.27% at $0.90 per share.
GLLK has a favorable share structure with its float listed at just 31.55M.
The company is extremely liquid with its 10-day average volume of 570.9K.
Barchart.com has also recently upgraded GLLK to a '72% Strong Buy'.
GLLK continues to set off buy signals in multiple technical indicators in the short, medium, and long term.
Just check out some of these gold mining stocks that have already delivered small fortunes to traders in 2016:
B2Gold Corp. (BTG) has seen its shares shoot up around +114% year to date.
Golden Star Resources, Ltd. (GSS) shares have skyrocketed roughly +256% so far this year.
IAMGOLD Corp. (IAG) has gained roughly +182% so far this year.
Sandstorm Gold Ltd. (SAND) has gained +70% year to date.
Harmony Gold Mining Co. Ltd. (HMY) has seen its shares surge roughly +260% year to date.
Wall Street is beginning to take notice of GLLK's potential.
GLLK could potentially receive a buyout from a bigger mining company!
We really can't wait to see the type of performance that GLLK is going to show us todayand the days that follow....
It's no secret that we've been one of the most reliable newsletters in the business these past few weeks.
Like we told you earlier, we are a perfect 6-for-6 so far in July.
Our recent trade opportunities have delivered a combined total of +361% in realistic profit in just a few weeks.
Our accuracy has been unrivaled as of late.
We are urging all of our subscribers to add GLLK to the top of their watchlist right now, and have it up on your trading screen when the clock strikes 9:30am EST!
(*Remember to use a Stop-Loss Order or basic Limit Order to protect your gains, as well as limit possible losses.)
To learn more about GLLK, please visit their website(s): www.GoldLakes.com
The PennyStockLocks Team
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