#Moonshot Monday: Asakno Gold
Here at SFE we’re always looking for the sneaky way to get the biggest bang for your buck. Mostly that involves swinging for the fences and this is no exception. Moonshot Monday will be a weekly series where we pick a long shot stock which we think has a great chance to rocket to the moon in the coming months. We’re not looking for consistent returns, diversified investments, or other bull that you look for in your 401k. This here be riverboat gambling, the sneakiest kind.
For round 2, we’re hoping that there’s gold in them thar hills!
March 5, 2018 – Asakno Gold (AKG) – $0.89
What do they do?
From Yahoo Finance, “Asanko Gold Inc. engages in the exploration, development, and production of gold properties.” Quite literally, they are gold diggers. They’ve had an up and down existence over the past year, but we like the idea that chaos in the marketplaces is good for gold prices and therefore better for those seeking it.
What’s sneaky about this pick?
Big hitters like Goldman Sachs are starting to push investment in these guys and they’ve just received an additional $2M in financing within the last week. On top of that, analysts have their price target at between $1.25-$1.50; a marked increase from where they are now.
What are our prospects?
This play looks like a solid gold bet to at least keep it’s current value, so the risk is low (having large amounts of gold around tends to help a company stay afloat). While the upside isn’t as high as many of the others we’ll see on this segment, there’s a great chance to quickly double your money. If that’s it’s worth throwing a few coins toward, then why are you still reading?
The play – This golden opportunity is only getting started, $250 in now and get ready to ride the mining equipment up the mountain. See you at the top!