With just $3 in the bank as of August 31, 2012, USA Graphte Inc. (USGT) has finally struck a deal which can give them a chance to bank some money. After finally getting a bit of stock traded on the OTC last week and adjusting the price accordingly to a good starting point, USGT stock is finally ready to be added to the watch list. Since there is supposedly a looming critical material crisis which is pointing investors to a 2013 boom in American-produced graphite, why not add it to the watch list.
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USGT Stock Chart
Market Cap: 71.15M
Close: 0.42
Volume: 0
Authorized: 800,000,000
Issued and Outstanding: 169,400,000
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As you can see from the stock chart, shares have just recently began to trade with the price adjustment made last week to drop USGT to 0.40. Now that they have a property to explore, get ready to see some PR flowing and, hopefully, a better PPS trend than that of Graphite Corp. (GRPH).
Last night, USA Graphite filed an 8-K defining the terms of a Property Option Agreement with Nevada Mineralss Holdings, Inc. The deal allows the Company to acquire 100% of the mining interests in the property defined as the Blue Wing Mountains Graphite Project; 1,985 acres located in the Churchill, Elko, Pershing, and Washoe Counties of the State of Nevada.
Didn’t you know that graphite is one of the most important raw materials in modern electronics and industry? Yet, graphite is not mined in the U.S. even though, in 2007, U.S. production of synthetic graphite was 198 kt valued at $1.18 billion balanced by consumption which was 42 kt and 200 kt for natural and synthetic graphite, respectively.
Having had just $3 in the bank 3 months ago, USGT stock is going to have to begin trading volume if the Company is going to exercise the Option to acquire the 100% rights since the initial cash payment of $50,000 to NV Minerals as well as 5 million restricted shares are just the beginning. An additional aggregate payment of $450,000 over a 3 year period will also be due above and beyond the $1 million the Company pony up for work NV Minerals will do “for the benefit of the Property.” NV Minerals even agreed to enter into an 18 month voluntary lock up agreement for the initial 1,000,000 shares it will receive upon execution of the Option Agreement. How nice of them.
This was the second time the directors of USGT filed an 8-K with the SEC in the past 24 hours. Late last night, Patrick DeBlois President, CEO, CFO of USA Graphite, and Eden Clark, Secretary, are in reversed roles with Bold Energy Inc. (BOLD) who plans to merge with Lot78 at their upcoming shareholder meeting in December. Lot78 (see here) is a “refined grunge” high-end, London based apparel Company that designs, markets, distributes, and sells apparel under the brand name “Lot78” to fashion-conscious consumers on six continents, including North America, Europe, Asia, Australia, Africa and South America.
Smells like another Omni Ventures (OMVE) which jumped 441% after our March alerts.
About USGT Stock
USA Graphite Inc. is an exploration company focused on the acquisition, exploration and development of world class graphite properties in North America.
Last 5 Trading Sessions:
| Date | Last | Change | % Change | Volume |
| 11/16/12 | 0.4200 | +0.0100 | +2.44% | 12,700 |
| 11/15/12 | 0.4100 | unch | unch | 4,000 |
| 11/14/12 | 0.4100 | +0.0100 | +2.50% | 16,000 |
| 11/13/12 | 0.4000 | -0.2000 | -33.33% | 32,700 |
| 11/12/12 | 0.6000 | unch | unch | 2,500 |
Click here to view the SEC filings for USGT, here for their website.
Bottom Line: USGT can finally be added to the list of potential penny stock plays. The share structure is more than ripe for a good run which could allow better returns than GRPH has offered. With USGT stock set now for a run, watch out for the MM’s making appearances on the level 2 screens before pulling any triggers.
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