In This Issue
Gold is back under the spotlight and graphene is rebounding
Just when we commented on the lethargy in the gold stocks last week, the sector received a boost of enthusiasm in the wake of the much stronger gold price this week. Monday was a great day in the market for many gold stocks as money flowed into the sector. Then, the gold price continued to rise to a new high. It hit US$3,600/oz in intraday trading on Friday.
Regular readers will know that I am Chairman of First Graphene (FGR), an early graphene manufacturer and a long-term surviver. Many other graphene wannabes have crashed and burned for a number of reasons, but they were all very different. They couldn’t deliver on promises. FGR on the other hand, has been delivering and growing. It is still standing strong as new entrants to the sector are managing to drum up some enthusiasm.
The most spectacular share price performance has come from a company called Hydrograph Clean Power Inc, a CSE-listed stock in Canada. Its shares have run from 22c to hit $2.95 in a month. That is a 1,240% gain! The shares have come off a bit on profit taking, but the main point of mentioning it is to show that people are coming back to the sector on this occasion. I am not going to comment on the merits of the company, or suggest that FGR shares will do the same, but hey, who knows?
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