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Pink Sheets Markets Today:
Aug 22, 2016 total dollar volume
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Author:
By Ekaterina Zelenkova
Jul 13, 2011

Who Benefit From The Rocketing Portage Resources Inc(NDA) (PINK:POTG) Stock?

POTG_price chart_120711.jpgThese days, Portage Resources Inc(NDA) (PINK:POTG) stock become one of hits on the pink sheets market. Just one month ago, company's shares were worth only $0.11, while the highest bid on POTG yesterday was at $1.14 per share.

Even considering the price correction from the last trading session, for the above mentioned period POTG gained 646%.

When such an enormous and rapid improvement of company's shares performance is happening a lot of investors are interested to discuss the topic: “Who benefit from the rocketing stock of Portage Resources ?”.

Taking in mind the fact, that this week came the next powerful wave of stock alerts on POTG it is not difficult to say, that the investor with short term strategies on company's shares may expect the next in row rally on POTG with a hope to benefit on POTG. Further more, one of eloquent alerts, sent by a stock promoter is almost promising the next bang of POTG up to $2 per share.

Looks, the appetites for huge gains on the gold play POTG are endless. The story started in mid June, when the promoter “Secret Penny Stocks” featured the potential for gains on POTG. Since than, with short breaks stock alerts on POTG have become routine. As well, other stock promoters “entered the game”, like in support of shares performance improvement.

Despite the fact, that all this time Portage Resources Inc. announces positive news about acquisition  of mineral properties in Peru and recently released its plans to expand into the U.S., still remains the issue of company's present potential and the rocketing price of its shares.

POTG_from the site.pngThe company tends to conquer the gold fields of Peru and even the “holly gold lands” in the USA with the reported as of the end of February $533K cash and not disclosed information about funds raising activities.

Looks, ignoring the factors, like the dilution, the most valuable company's asset are its shares.

On the one side, all recent company's disclosures for SEC show that, maybe, not only due to the lack of cash, Portage Resources Inc.

pays for the acquired mineral properties for consideration in shares.

On the other, when benefits are mentioned, it is worth to remain again, that company's gold stock broth highest rate of return to one person as of yesterday. This is Paul Luna Belfiore, POTG's President, Chief Executive Officer, Secretary, Treasurer and a Director.

At the end of May, Mr. Belfiore acquired control of four hundred eighty million shares of the company’s issued and outstanding common stock, which are representing approximately 75.33% of the company’s total issued and outstanding common stock. The consideration for this purchase was only $20 thousand, while yesterday the market value of  Portage Resources Inc. was $522. 50 million.

With all my respect to Mr. Belfiore, who hope, is not related to any speculative price soar of company's stock, it is good to say to other investors one more thing. In a month time, some investors succeeded to benefit on POTG, maybe, inspired by the euphoria of stock alerts and pushed by short term plans towards POTG.  Based on company's fundamentals, looks that as of today, for the investor with a long term attitude towards POTG remains only the hope in the company's future.

Average Reader Price Target For POTG:

Going Down!
0.7158

What price do you think this stock will go to?

Reader Valuation Chart

Article Comments:

bobsnead wrote: 3:42 pm Jul 27, 2011
I'm not sure what conclusion Ekaterina is coming to with this article. For example, she says "Based on company
's fundamentals, looks that as of today, for the investor with a long term attitude towards POTG remains
only the hope in the company's future." What does this
mikesportscards wrote: 12:32 pm Aug 03, 2011
I find it hard to believe that a company as good as POTG looks and considering all the positive news about the
ir future mines that the shares are going backwards.I love everything about the company but sold 10000 sh
ares at 0.285 but bought at 0.77 watched it go to 1.24 and didnt book my profits.It now is going for 0.20
thats scary stuff.I feel more confused than ever.I will probably sideline myself and weep by christmas t
ime.Merry Christmas to all and to al
mikesportscards wrote: 12:32 pm Aug 03, 2011
I find it hard to believe that a company as good as POTG looks and considering all the positive news about the
ir future mines that the shares are going backwards.I love everything about the company but sold 10000 sh
ares at 0.285 but bought at 0.77 watched it go to 1.24 and didnt book my profits.It now is going for 0.20
thats scary stuff.I feel more confused than ever.I will probably sideline myself and weep by christmas t
ime.Merry Christmas to all and to al
mikesportscards wrote: 12:32 pm Aug 03, 2011
I find it hard to believe that a company as good as POTG looks and considering all the positive news about the
ir future mines that the shares are going backwards.I love everything about the company but sold 10000 sh
ares at 0.285 but bought at 0.77 watched it go to 1.24 and didnt book my profits.It now is going for 0.20
thats scary stuff.I feel more confused than ever.I will probably sideline myself and weep by christmas t
ime.Merry Christmas to all and to al
mikesportscards wrote: 12:32 pm Aug 03, 2011
I find it hard to believe that a company as good as POTG looks and considering all the positive news about the
ir future mines that the shares are going backwards.I love everything about the company but sold 10000 sh
ares at 0.285 but bought at 0.77 watched it go to 1.24 and didnt book my profits.It now is going for 0.20
thats scary stuff.I feel more confused than ever.I will probably sideline myself and weep by christmas t
ime.Merry Christmas to all and to al
mikesportscards wrote: 12:32 pm Aug 03, 2011
I find it hard to believe that a company as good as POTG looks and considering all the positive news about the
ir future mines that the shares are going backwards.I love everything about the company but sold 10000 sh
ares at 0.285 but bought at 0.77 watched it go to 1.24 and didnt book my profits.It now is going for 0.20
thats scary stuff.I feel more confused than ever.I will probably sideline myself and weep by christmas t
ime.Merry Christmas to all and to al

Comment: