penny stock fortunes

Penny Stock Predictions

Penny Stock Predictions

I need advice from a stockbroker!?

I’ve recently bought into an Australian company called Navigator resources (NAV) for 1 000 000 shares. Anyway, I was just wondering if anyone had any predictions of the company? I have read up a bit about the company on their future gold projects but I just want a professional opinion.
This is the companies website: http://www.navigatorresources.com.au/

Any helpful feedback would be greatly appreciated :)

I cannot give you a “professional” opinion but I will offer observations based on reading the last financial report

http://www.navigatorresources.com.au/files/files/1106_December_Quarterly_Report_5B.pdf

on page 8 the Bronzewing project reported a production of 55,128 oz/gold (I assume they are troy ounces) for 2012…down a lot from the previous production of 75,423 ounces with a decrease in gms/ton quality…1.03 down from previous 1.18 gms/tonne

On page 56 of that report they show revenues from sale of that gold at

***********************************************************************************
4. Revenue and Expenses
Profit/(loss) before income tax includes the following revenues, income and expenses whose disclosure is relevant in explaining the performance of the Group:

*******************************************************************************************
………………………………………………………… Consolidated
…………………………………………………….. 2012……………. 2011
……………………………………………………..$’000…………….$’000
(a) Operating sales revenue

Value of payable gold……………. 91,430…………..105,476
Value of payable silver…………… 224……………….. 660
Discounts and fees (i)…………… (403)………………. -
…………………………………….. _______ ………..______
……………………………………… 91,251…………. 106,136
*******************************************************************************************

Also i look at the pictures of the mining pits for each project…..they are pretty deep…they are not new…so it looks to me that previous owners took all the good grades and this mine has the dregs of the barrel so-to-speak.

Conclusion

For a sub-penny stock, this is one heck of a financial report.

There is a reason why a GOLD MINE….a producing gold mine….a producing GOLD MINE with 55,123 oz/gold per year…is only worth $0.001/share…it is not a viable company

If this was for real, it should at least be worth $0.50/share…and it was BEFORE it went into production.

Australia is next to Canada for listings of mining companies…there are many more mining companies with better financials and prospects to choose from.

I am sure you expect to score a $million from this stock some day but look at this chart

http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosettings=1&symb=AU%3aNAV&uf=0&type=64&size=4&sid=928538&style=320&freq=1&entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&time=12&rand=348241648&compidx=aaaaa%3a0&ma=0&maval=9&lf=1&lf2=0&lf3=0&height=635&width=1045&mocktick=1

through the glory excitement of Gold prices in 2010 it plummeted…this shows you the sentiment towards this company

It seems to me that they bought out a played out mine with a minimal gold left in it. Each year producing less and their report going on and on about production problems.

I don’t see much happening in this stock to the up side…..look at the volume of shares traded a the price goes lower….looks like a sell-off to me.

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