Now that the dump portion of Swingplane Ventures (SWVI) is official, it’s time fir the true Chilean metal miner to see it’s time in the spotlight: Trulan Resources Inc. (OTC: TRLR). Booking revenues in the last that no Awesome Penny Stocks pump has ever announced in a fiscal year, TRLR stock is finally getting the exposure its over half a billion outstanding shares have been hoping for. While stats about the market capitalization and shares outstanding are not in sync, what is in sync is the Company’s plans to move forward with PR announcements about acquiring property which contains a host of either heavy or light mineral components.
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TRLR Stock Quote
Market Cap: 42.63M
Last: 0.077 ▲ 0.018 (30.51%)
Dollar Volume: $6,612
Issued and Outstanding: 553,581,858
14-Day Rel Strength: 37.46%
14-Day Stochastic: 20.65%
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For the last month, Trulan Resources has been making announcements building off of their appointment of L.L. Bradford & Company, LLC. as the Company’s auditor and appointment of Hart & Trinen LLP to serve as the Company’s legal counsel of record. Prior to when the PR began on February 1, both the Company and TRLR stock had been pretty dead quiet despite reports of 7 digit quarterly revenues.
Recognizing revenues from services under either fixed fee arrangements or contingent fee arrangement for recruiting services, Trulan Resources booked revenues which nearly topped $.4 million for the three months ended September 30, 2012, just a smidgen under the same period from the year prior: $1,516,258. The Costs involved with generating the revenues provided for operating income for the three month period of $92,528 compared to $216,243 for the same three month period for the year prior.
Two weeks ago, the Company entered into a definitive agreement to acquire a 100% interest in the IGP Iron Gold Platinum Project in the Region de Coquimbo, Chile. History shows that the relatively small region has had a long history of mining with several operations currently in production, including the Los Pelambres Deposit, the world’s fifth largest copper mine.
Trulan followed up the news by announcing that, following an economic review of the recently acquired IGP Project in Chile, there are two acknowledged sources of revenue that can be realized from the Project. The immediate reaction was TRLR stock trading “inthe red” with little to know volume.
Now that TRLR stock is about to see some huge awareness and exposure to OTC traders, chances of seeing it in the top 10 penny stocks traded on Monday are as likely ads seeing SWVI stock close below $0.20. With claims that each of the four ore bodies on the newly acquired property containing a host of various mineralization, either heavy mineral components or light mineral components, traders should expect to see some heavy trading on TRLR stock at the open with a deep mine eventually being dug to bury this pinky before the mid week.
About TRLR Stock
TruLan Resources Inc., a development stage exploration and mining development company, is focused on gold, silver, and platinum group metals projects in North and South America.
Last 5 Trading Sessions:
Bottom Line: With revenues and news, TRLR stock should have already been an actively traded penny stock. The fact that it wasn’t and is now suddenly landing itself in a position for a tremendous spike in volume, the flip and rip play should offer enough percentage gains and liquidity for many traders to be able to source their upcoming car payment from TRLR stock on Monday.
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