Takeover Alert for this Under $1 Gold Stock (AMNP)
Goldcorp's NEXT Takeover Target? Buy Shares in American Sierra Gold Corp (OTCBB: AMNP) Now Below $1, Before Its Hungry Neighbor Gobbles It Up At $104 Or More a Share!
Eric Dany Stock Prospector
My Winning Stock Picks for 2009 have already racked up very handsome gains!
American Sierra Gold Corp
Aggressive Buy NOW!
Why in the world would Goldcorp (NYSE:GG), the world's third largest gold producer, pay $104 a share for American Sierra Gold Corp (OTCBB: AMNP) a little-known, exploration-stage gold company whose stock is currently trading under $1?
I'll tell you why: the last time it made a similar deal (for a piece of Mexico's Urique gold district) it made billions in profit!
Back in 2006, Goldcorp (NYSE:GG) paid $8.6 billion to get its hands on the El Sauzal gold mine in Chihuahua Mexico. The mine was owned then by Glamis Gold and, at the time, produced only a few thousand ounces of gold a year.
But Goldcorp (NYSE:GG) had done its homework. They were certain there was huge potential in the El Sauzal mine and they knew they had a bargain even when they ended up paying $54 a share for Glamis stock.
Glamis shareholders got rich on Goldcorp's last takeover! American Sierra Gold Corp (OTCBB: AMNP) could Be Next!
Goldcorp (NYSE:GG) was right. The El Sauzal mine became the largest producer in Mexico with a recent peak production of over 300,000 ounces a year. Goldcorp (NYSE:GG) was happy to pay a huge premium for shares of Glamis, and it made tens of billions in profits on the deal.
But guess what?
According to all the recent reports, their El Sauzal gold mine is now approaching the end of its very profitable run. The expected decline in production is finally occurring. Gold production for the second quarter of 2009 is down 22%, or 14,600 ounces, from the second quarter of 2008.
Goldcorp (NYSE:GG) is running out of gold at its El Sauzal mine!
Now, guess what else?
There is an enormous, almost staggering, amount of gold left in this Urique District of Mexico. In fact, according to the latest assays, there are many billions worth of proven gold reserves located on adjacent and nearby properties. Goldcorp's only problem is that the most-promising adjacent leases belong to a little-known exploration company by the name of American Sierra Gold Corp.
American Sierra Gold Corp. (OTCBB: AMNP) Is a Sitting Duck!
Now, ask yourself. . .if you were a director of the world's third largest gold producer. . . a NYSE corporation with a market cap of some $28.6 billion. . .and if your number-one-best-producing Mexican gold mine was petering out. . .and you knew, with absolute certainty that there is literally $-billions of gold sitting next door. . . do you think you'd be contemplating a buyout?
And how much will Goldcorp (NYSE:GG) have to pay if it wants to takeover the adjacent gold prospects that belong to American Sierra Gold Corp (OTCBB:AMNP)?
The exact number remains to be seen. But do the math: If Goldcorp (NYSE:GG) paid $9.5 billion ($54 a share) for Glamis back in 2006 when gold was trading at around $550 an ounce, given the now-proven production history of Mexico's Urique gold district, and the fact that gold is now trading about 80% above its 2006 price, a similar price tag for American Sierra's leases doesn't seem totally unreasonable to me.
If that were the case, it would work out to $104 per share for American Sierra Gold Corp.!
If my hunch is right, you could invest $10,000 now in AMNP and conceivably walk away from a takeover with $1,104,000!
Even if a takeover price of $104 is overly optimistic (and I'm not saying it is!) anybody who buys American Sierra Gold Corp. (OTCBB: AMNP) now at under $1 will make enormous profits in a takeover situation. And a takeover is the logical next move for Goldcorp (NYSE:GG). It needs to get its hands of the gold-rich leases that lie adjacent to its sputtering El Sauzal mine.
Whether or not Goldcorp (NYSE:GG) steps to the plate soon, American Sierra Gold Corp. (OTCBB: AMNP) has everything going for it. Even without an imminent takeover maneuver, I expect to see this 55-cent stock trading at $4-$5 in the next 12-18 months. And if Goldcorp (NYSE:GG) makes a move, all bets are off!
That's why I'm heartily recommending buying shares of American Sierra Gold Corp. (OTCBB: AMNP) now while it's still trading under $1!
Who am I and why should you put stock in what I'm saying?
My name is Eric Dany and I am the editor of the much-respected investment advisory, Stock Prospector. My passion is finding still-undiscovered natural resources stocks that, because of some peculiar situation (as with American Sierra Gold Corp (AMNP) are poised for lift off.
Nothing gives me more of kick than uncovering a story like the one you're about to read (when Wall Street still doesn't have a clue) getting out the word, and then watching in complete satisfaction as everything I predicted comes true.
You might also be interested to know since 2004, clients who bought the stocks I recommended in my annual Winning Stocks special report absolutely trounced the market. In 2007, for example our Winning Stock recommendations ended the year with a stunning 51.8%---a huge win when you consider the Dow was up only 6.4%
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Don't wait until American Sierra Gold becomes a takeover target!
Buy the stock now at under $1. There's plenty of good, reliable seismic, core drilling and historic data to support the fact that American Sierra (AMNP) is sitting on the same precious metal belt as its neighbor, Goldcorp (NYSE:GG).
For complete details on American Sierra Gold, plus a special introductory money-saving offer for the Stock Prospector just click on the link below:
This truly is a no-risk, no-strings opportunity and you'll find everything you need to know to decide whether to invest in American Sierra Gold when you click on the link above. This is your chance to get your retirement plan back on track. Don't let this one slip through your fingers!
Disclaimer: Stock Prospector is an independent paid circulation newsletter. This online report is a solicitation for subscriptions. Stock Prospector received five thousand dollars to cover editorial costs associated with the development of this online report. This stock was chosen to be profiled after Stock Prospector completed due diligence on the stock being profiled. Stock Prospector expects to generate new subscriber revenue, the amount of which is unknown at this time, through the distribution of this online report. Utika Investments Ltd. paid one hundred fifty thousand dollars to marketing vendors to pay for all the costs of creating and distributing this report online. This online report does not provide an analysis of a company's financial position. American Sierra Gold Corp's financial position and all other information regarding the company should be verified with the company. Information about many publicly traded companies and other investor resources can be found at the Securities and Exchange Commission's website at www.sec.gov. Investing in securities is speculative and carries risk. It is recommended that any investment in any security should be made only after consulting with your investment advisor and only after reviewing all publicly available information including the financial statements of the company. This online report is not intended to be, nor should it be construed as, an offer to sell or a solicitation of an offer to buy securities. Stock Prospector presents information in this report believed to be reliable, but its accuracy cannot be guaranteed.