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CVRG - It appears that CVRG just might do it
Wednesday, October 14, 2009
Author: MoneyConscious
Company: Converge Global
Symbols: CVRG
Stock Exchanges: OTC
Sectors: Gold Mining
Current Stock Prices: .029
Date: October 13, 2009
Disclosure: Short
Today CVRG did something that I have been expecting for some time.
Anything gold is big right now, with gold trading high, so I am not surprised that a junior gold miner would show activity. The curious thing about the activity was that although the actual stock increase was nominal the volume increase was substantial from the previous trade session. I have been waiting for something big to come from this junior mining company for some time now and there are rumors going around that there next press release might trigger that event, but this sudden volume increase almost confirms it. A public acquisition of at least two new prospects over the last few months, a press release every two weeks for three months straight, testing results and then radio silence for over forty-three days now. A subtle volume increase on no news tells me that inside buyers might be getting the jump on this stock before the rush. Something big is happening over there and this junior miners train may have come in. Look for .20-.40 before long.
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