News Details – Smallcapnetwork
Renewable Energy and Power Inc. and Desert Gold Ventures Make the News
/

February 2, 2024

/

PDT

Howdy all. Hope your week is going well for you. The markets look to have temporarily stalled for the time being, but that most certainly doesn't mean they're going to start moving lower. It's possible, but based on what the guys over at Elite Opportunity Pro (EOP) continue to communicate to their valued clientele, any stalls or minor selloffs should be viewed as buying opportunities - and they've got plenty of NASDAQ and NYSE listed stocks over there they continue to do very well with. Just to give you an idea, they recently added ESIO and WATT to their buy lists and are already up 5% and 22% respectively - two NASDAQ growth stocks with a great future. So, if you want to diversify your portfolio into some larger more proven names, Elite Opportunity Pro is clearly a service of value that serious investors look forward to getting every single trading day of the week. It's you call, but it's something every serious trader and investor should take for a test spin - at the very least. More often than not, new trial members end up becoming long-term loyal subscribers. Don't take my word for it though, try it for yourself. As for the broader markets, the chart of the S&P 500 here shows us all the index has sold off since Friday's big rally to close out the week. The weakness doesn't look good right now, but the index should find its footing soon. If it doesn't, the guys over at EOP say we could get a move to around 2,380 or so before the index may be in a position to start working its way to their near-term target of 2,500. In the penny stock world, we got more good news today from a few of our featured penny stocks - one of them being our most recent newly featured stock in Renewable Energy and Power, Inc. (OTCBB: RBNW). Most of you probably saw our new profile on Renewable Energy and Power, Inc. (RBNW) Monday afternoon. The stock has been garnering significant buying interest over the last few months as the company continues to gain traction with their LED Lighting division. Just this morning, the company announced it has contracted with an LED lighting installation company to supply the latest LED lighting for the first facility of a large dining franchise, located in an extended shopping complex that is also considering switching to LED lighting. "The switch to LED lighting will produce significant cost savings that will pay for the retrofit in a relatively short period while improving the experience of the customers with more pleasing lighting," said CEO Donald MacIntyre. "After evaluation, both the franchise company with over fifty locations and the shopping complexes will consider retrofitting their facilities. Switching to LED lighting, and solar and wind power generation, benefits all of us as it lowers the need for energy production and consumption. Renewable Energy and Power is pleased to be participating in this important change." Renewable Energy and Power, Inc.'s background in both the design and manufacture of power supplies (fixtures), and associated thermal management (bulbs) will allow the retrofit to be done with a minimum of expense and inconvenience as Renewable Energy and Power has extensive experience in custom manufacturing that allows the retrofit of much of the existing system instead without needing to replace all of the existing fixtures. Although terms of the agreement were not disclosed, this comes quickly after the company just announced last week the completion of its retrofit with new LED lighting replacing old High Intensity Discharge (HID) lighting for the exterior areas of a California condominium association resulted, according to the association's director, in an 80% lower power bill in the first month's use. As you can see, Renewable Energy and Power, Inc. (OTCBB: RBNW) isn't like many small penny stocks that have yet to find their way to the revenue trail. And based on what's already started to take place with RBNW over the last month or so now, we do find value for a company with a mere market cap of roughly $8M. For those not familiar with market cap, it's the current share price multiplied by the total number of shares understanding. In other words, it's the total "perceived" value of what the company is worth in today's public market. And the never ending quest to find companies that are undervalued is always the goal - even for an investor like Warren Buffett. Gold Interest and Discovery Picks Up We mentioned yesterday junior gold miners have been trading much better lately, which is displayed in this daily chart of NUGT - a very active ETF that tracks the junior miners. Along with it, some of our own junior miner featured stocks have also been doing well lately, specifically Nexus Gold Corp. (OTCBB: NXXGF) (NXS.V), which yesterday revealed some good geographical findings from its initial sampling program at the Bouboulou gold concession in Burkina Faso, West Africa. Well, just prior to the open this morning, another one of our featured junior miners in Desert Gold Ventures, Inc. (OTCBB: DAUGF) (TSE: DAU.V) had some good news of their own, and I must say the interest in the stock has yet to really pick it up, which reminds me of what I always say when it comes to penny stocks - buy the good ones when nobody wants them. A perfect case scenario for a stock like Desert Gold Ventures. Anyway, the company just announced this morning the following update regarding its planned exploration program at its Farabantourou prospect in Western Mali. HIGHLIGHTS: Two historically defined mineralization zones, Barani and Keniegoulou, will be retested and incorporated into the company's broader understanding of Farabantourou's geology. The third prospect, Barani East, contains a resource of 69,900 oz Au (cut-off grade, 0.5 g/t Au).This mineralization occurs in an eastward steeply dipping (55^0 to 60^0), tabular body, ranging in width of 4.5m to 15m with a NNE strike. The average grades vary between 2.22 to 2.29 g/t Au with tonnage of 652,080 and 317,021 for the indicated and inferred categories, respectively. Approximately 5,000m of drilling to begin in June of this year on these three targets and completed by year-end. For those of you who understand geo-mapping and diamond drilling gold prospects, the full release is a tremendous overview of everything Desert Gold Ventures is currently working on, and clearly displays Management's expertise in the field of precious metal exploration and discovery. To read the release in its entirety, go here: https://finance.yahoo.com/news/desert-gold-targets-three-mineralized-142100137.html. I can tell you this, based on today's release, we don't see shares of DAUGF hanging around these levels for long. All it's going to take is one good discovery, and it's likely to catch fire for Desert Gold. Of course, junior gold miners aren't for everyone, but for those who do like to invest in the space, Desert Gold Ventures, Inc. (OTCBB: DAUGF) (TSE: DAU.V) should definitely be worth your consideration. When the broader markets have finally had enough, you can be rest assured gold is going to end up being front and center, so if you're willing to exercise a little patience there, take a hard look at the precious metal, and equally as important some of the junior miners we've brought to your attention in recent months.