Update: FG (Falcon Gold), GLI (Glacier Lake Resources)
In January of 2019 we listed FG and GLI as "two penny stocks worth accumulating".
Falcon Gold, trading under ticker FG in Canada and 3FA in Frankfurt, has since more than doubled, while Glacier Lake, trading under ticker GLI in Canada, has languished.
FG, currently at $0.065, still looks very much worth accumulating to us, for those longer-term bullish on the precious metals sector.
Falcon Gold website.
Since we noted it, GLI underwent two share consolidations which make for an exceptionally low float at the moment. It last traded at $0.105
However they did issue an exponentially higher amount of shares in a private placement earlier this year.
We speculate that those shares are tightly held, and that the share price could easily be driven higher on promotional efforts or due to a miracle of actually discovering ore in the ground.
Falcon Gold, trading under ticker FG in Canada and 3FA in Frankfurt, has since more than doubled, while Glacier Lake, trading under ticker GLI in Canada, has languished.
FG, currently at $0.065, still looks very much worth accumulating to us, for those longer-term bullish on the precious metals sector.
Falcon Gold website.
Since we noted it, GLI underwent two share consolidations which make for an exceptionally low float at the moment. It last traded at $0.105
However they did issue an exponentially higher amount of shares in a private placement earlier this year.
We speculate that those shares are tightly held, and that the share price could easily be driven higher on promotional efforts or due to a miracle of actually discovering ore in the ground.
posted by C. Guinness @ 12:28 PM
