The scanners went berserk today, not because gold prices hit $2,000, but because Southern USA Resources, Inc (OTC: SUSA) saw another strong session. Nearly one year after acquiring real property located in Alabama and effectuating a 1,000-for-1 reverse stock split, the old abandoned mines that date back to the late 1800′s look to be a goldmine investment for the Company and traders alike. If you trade penny stocks and the terms “may,” “will,” “should,” “could,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” do not deter you, then SUSA stock is right up your alley and needs to be on your long list immediately.
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SUSA Stock Chart
Market Cap: 36.92M
Last: 1.24 ▲ 0.03 (2.48%)
Dollar Volume: $92,324
Issued and Outstanding: 29,776,402
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Note that on April 27, 2012, Southern USA Resources began its journey to penny stock greatness when it closed the Equipment Contribution Agreement with Charles H. Merchant, Sr., whereby Merchant brought with him certain mining equipment worth roughly $500,000. In consideration of the contribution, Merchant, the new CEO, CFO and Director of the Company was issued 29 million shares of SUSA stock. Hello! — that makes the public float 776,402 as of November 9, 2012.
On the same day. the Company closed two real estate deals, two properties of approximately 52 acres located in the Clay County, Alabama. The land worth $468,447, together with the mining equipment contributed, was the beginning of the Company’s new business strategy of exploiting mineral mining rights with respect to the acquired properties. The buzz created since was enough for one analyst firm, Caprock Risk Management, LLC, to issue a “strong buy’ rating and $4 price target on SUSA stock (see here).
With the likelihood of mining to commence at some point this spring and gold prices to see a strong comeback during calendar 2013, Southern USA Resources has all the “right stuff” to be a goldmine penny stock for traders. If/when gold is mined from the various mining claims the Company has, the benefit of having their own mining equipment will be key since they should be able to produce gold at relatively low costs to the overall industry, somewhere around $375 per ounce. That being the case for speculators, revenues could be booked within calendar 2013 but gains are all but guaranteed on SUSA stock from its current level of $1.24.
About SUSA Stock
Southern U.S.A. Resources Inc., fka Atlantic Green Power Holding Co. (AGPH), a developer of utility-scale solar energy generation projects in the Mid-Atlantic U.S., fka Lodestar Mining, Inc. (LGST), is a natural resource exploration and development company with an initial focus on the commercial development of historic gold properties in the “Alabama Gold Belt.” Click here to view the SEC filings for SUSA.
Last 5 Trading Sessions:
Bottom Line: As fresh as SUSA stock is, every trader should have a close look to see if it fits into their penny stock portfolio. Those looking for instant gains are best left watching SUSA stock since its one of those long-term risers and not meant for day trading. With over 1200 acres worth of mining claims in the “Alabama Gold Belt,” there is little doubt that $2 plus will be the price within a month’s time.
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