Gold Standard Scores Big
The last time I wrote about Gold Standard was in December of 2015. I made it clear that not only gold and silver, but also the shares in GSV were on the sales block during Tax Loss Silly Season. I said,
Well, I was right on all three stocks I mentioned. GSV was up 100%, Minco Silver up 250% and Red Eagle up 150%. But under the radar, Gold Standard was pulling a coup that the market may well have missed. In April of 2016 GSV announced an investment in Battle Mountain Gold to purchase just over 10 million shares at $.35 apiece with an additional 5 million warrants good for two years at $.37.
Gold Standard announced that they had closed the transaction on May 6, 2016. Battle Mountain Gold is nearby to Gold Standard’s stomping grounds. The technical team at GSV is the best of any junior in Nevada, home of 75% of the US gold production. They know what BMG has. What BMG didn’t have was money. So GSV has picked up almost 20% of a great project belonging to a limping company. GSV has provided money and can provide technical assistance so BMG can move forward.
So while Jonathan Awde has been moving his company constantly forward, the gnomes of Vancouver have moved the shares of Battle Mountain Gold from $.35 a month ago to $.64 now for an 83% gain in less than a month.
I really hate it when guys get it exactly right and make it look so easy. Gold Standard is an advertiser. I am biased. Do your own due diligence.