BUKX | Is Buckingham Exploration Worth Some Serious Bucks?

Buckingham Exploration Inc.,BUKX stock, BUKX shares, BUKX stock quote, OTC BUKXFinding undervalued penny stocks is a forte we have been able to hang our hats on throughout 2012. Beyond looking for the pre-promotion stocks to get a head start on due diligence and what to look out for, companies trading below where their insiders purchased shares is an almost guaranteed method of finding a runner while its still trying to stretch its legs. This brought us to our latest scanning of up and coming mining exploration company, Buckingham Exploration Inc. (BUKX), whose shares are so undervalued and insiders so well seasoned, we had to give it some attention. Based on the insiders purchases and the current share price, this is literally a potential 5 bagger staring traders in the face which could breakout at any moment.

Our Next Pick Is Coming Soon! Click HERE To Make Sure You Don’t Miss Any Of Our Breaking Alerts!

Buckingham Exploration Inc.,BUKX, BUKX stock, BUKX shares, BUKX stock quote, BUKX share price, OTC BUKX,gold stocks, cheap gold stocks, stocks for 2013, penny stocks for 2013, Stock picks, penny stock picks, list of penny stocks to watch, penny stock alerts, penny stocks to watch, stock alerts, penny stock list   best penny stocks, top penny stock, cheap stocks, otc stocks, penny market, penny stocks to buy, penny stock trading , penny stock investing, otcbb stocks, penny stock newsletter, day trade, OTCBB,  penny stocks to watch, penny stock picks, penny stocks to buy, otc stocks, penny stock trading, penny stocks list, good penny stocks, top 10 penny stocks, penny stock list, buy penny stocks, free stock alerts, stock alerts, stock alert, penny stock alerts, penny stock alert, free stock picks, penny stocks newsletter, BUKX Stock Chart

Market Cap: 1.18M
Last Trade: 0.015
Authorized: 300,000,000
Issued and Outstanding: 78,769,712
Insider Ownership: 32.9%

Looking for Hot Penny Stocks?
here and get Our Penny Stock Picks

One of the hidden highlights we spotted when reviewing Buckingham exploration was that they had absolutely no toxic financing on their books whatsoever. In fact, as of August 31, 2012, the Company had $218,634 cash in the bank, $18,634 more than they expect to need in order to proceed with their plan of operations over the next twelve months. Their plan, having already engaged in advanced negotiations to acquire a gold exploration project in Indonesia, the Company is also investigating the potential acquisition of a near-term coal producing asset in a nearby region.

Yeah, yeah, been there, done that. But, looking even further into the situation, this Company is captained by one Simon Eley, an Australian solicitor with wide experience in the resources sector and current director of Auricup Resources Ltd. as well as a director of Aragon Resources Ltd. During his tenure at Aragon, he quarterbacked securing the Central Murchison Gold Project which became the Company’s core asset. With roughly 2 million ounces in JORC compliant resources, Aragon was taken over by Westgold Resources Ltd in 2011 valuing the Company at $76 million. KaChing!

The reason why BUKS appears so undervalued at its current 0.015 price wall is because a) on June 14, 2012, Eley acquired 50,000 shares of BUKS stock at 0.10 per share in a private placement, $5,000 from his personal funds, and b) the proposed gold project Buckingham was negotiating is located in Sulawesi, Indonesia and covers nearly 14,000 hectares where numerous artisanal miners have been operating in the area extracting gold from hydrothermal vein type mineralization. Add A + B and what you come up with is a penny stock that could easily see a 566% increase from its current level just to match what Eley paid for his shares. Take another gamble on the inherent value a domain is worth and take a guess what www.buckingham.com could fetch.

About BUKX Stock

Buckingham Exploration Inc. is engaged in the acquisition and exploration of mineral properties. Click here to view the SEC filings for BUKX.

Last 5 Trading Sessions:

Date Last Change % Change Volume
12/12/12 0.0150 unch unch 210,000
12/11/12 0.0150 unch unch 20,000
12/07/12 0.0150 unch unch 1,585,800
12/06/12 0.0150 unch unch 164,900
12/03/12 0.0150 unch unch 5,000

Bottom Line: The chances of this penny stock falling below 0.015 are minimal in comparison to seeing BUKS hit 0.03, 0.05, and even 0.10. If you can sit tight and wait for an announcement to come, should it come, BUKS stock could be one explosive way to start 2013.

Here is your opportunity to subscribe to the Most Read Penny Stock Newsletter

If You Can’t Make Money With Us, You Shouldn’t Be Trading Penny Stocks

(We are 100% Anti-Spam and will never rent or sell your information)

Last updated by at .

  Recent Penny Stock News