Register
Pink Sheets Markets Today:
Todays total dollar volume
$1,672,681,515
Author:
By Ekaterina Zelenkova
Dec 29, 2011

Short and Long Distance Runners Rushed North Springs Resources Corp. (OTC:NSRS) Stock

NSRS_price chart.jpgThese two days, the “minerals' fever” got to its apogee. Regardless of whether the “symptom” has been gold or oil, North Springs Resources Corp. (OTC:NSRS) stock has been able to cause it. NSRS has now become the top favourite on the OTC market.

A company with one almost unsuccessful project in oil exploration and intentions to discover gold fascinated all types of brave investors.

The runners in short distances on NSRS have been in a hurry. They wanted to bank gains before the gravity of the short squeeze on NSRS will return the share price to a much lower trading range.

Those, that preferred the long distance running invested in the stock, being fascinated by the prospects of North Springs Resources Corp. and its low yet indebthnesess.

For a second consecutive trading session, NSRS remains the most attractive security on the OTC market. A new trading symbol, one press release about an aggressive exploration program and stock promoters' consensus succeeded to shoot the share price into the sky.

All happened very fast and easy. It is hard to say how long the stock rush may continue and how profitable the investment in NSRS may be.

GOLD_OIL.pngOn Tuesday, North Springs ResourcesCorp. released its detailed work program for the North Springs Gold Property. The property is leased to the company with the right to conduct mineral exploration activities for a period of ten years on sixteen unpatented mining claims located in Esmeralda County, Nevada.

Before putting of all efforts to the aforementioned new “gold business approach”, NSRS was focused on oil exploration. The company concluded a joint venture contract with Patriot Financial Group last April. North Springs Resources acquired a working interest in the Washom II Lease Project in Rogers County, Oklahoma.

One year later the company impaired all capitalized costs of the project due to the not obtained valuation report on the property and uncertainty as to future continuance of the undertaking.

What are plans for oil exploration activities only the company may say. Thus, investors may expect an explosive press release, like this from Tuesday. This time, it may be related to the “Aggressive Exploration Program Proposed” for the Washom lease.

One of possible reasons for the huge rush of company's stock these days has been the unwritten and maybe, haphazard consensus on NSRS of many stock promoters. Even today the strong attack with stock alerts is continuing. Almost all disclosures in alerts on NSRS have a disclosure, that this is not a paid promotion.

All sent for free e-mails leave the impression, that this is a charity initiative of stock promoters. Only two of them broke the joyous mood in these festive days before the new year. Thought, to some extent they also wanted to keep it. Awesome and Secret Penny Stocks have been compensated 15 thousand EUR for the promotion of NSRS. The money has been paid from a third party through Tengeria Foundation.

On Tuesday, over 97 million NSRS shares changed hands to support the stock explosion yesterday. The share price of North Springs Resources Corp. added 54.39% gold to its value to close at $0.369.

Average Reader Price Target For NSRS:

Going Up!
0.5074

What price do you think this stock will go to?

Reader Valuation Chart

Article Comments:

Guest wrote: 10:39 pm Jan 24, 2012
NSRS is Pure WIN.... The bird loses!
mcurrier1 wrote: 4:25 pm Mar 06, 2012
it's past time to update this stock review. NSRS has dropped considerably from it's (over-hyped?) climb.
buzguy wrote: 9:52 am Mar 26, 2012
gprs global positioning?

Comment: