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The Company is engaged in the exploration for gold and other precious metals.
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poloapparel (< 20) Submitted: 7/05/08 6:50 PM : Start Price: $2.06 UXG Score: -27.37
This stock price is the value of a company which is losing about 5 mil quarterly. The secret behind this one is the non-curent assets they hold (350 mil). Notice that U.S Gold keeps drilling for metals, finds some, but they aren't selling any?This is because metals are not at their optimal selling price. They won't sell these metals for atleast another year or so. But when they sell it, it will surely be when the price of Gold and Silver is higher and will send this stock flying.Besides, look at their logo. U.S. Gold Corp, whipping their workers in the pursuit of metals.
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