Las Vegas, NV -- (SBWIRE) -- 12/10/2012 -- USA Graphite Inc. (OTC:USGT) has been making a big move up in recent weeks from a start point of well under $0.40 the stock has seen recent highs near $0.75. USGT is the latest in a long line of Penny Stock Graphite promotions; Penny Stocks quick to associate themselves with the previous metal with little fundamentals boasting million dollar promotions of the stock.
USA Graphite recently signed an LOI to acquire a property in Nevada called the Gordon Creek Graphite Property. The terms of the transaction include $1.2 million in cash and stock and a $500k work program commitment.
The Gordon Creek Graphite Property is located about 22 miles from Wells, Nevada and is accessible from Highway 93.
USGT follows a number of Graphite exploration Penny Stocks in recent months that moved up in the short term on heavy promotion but ultimately dropped lower including GRPH and NGRC.
USA Graphite bills itself as a Graphite exploration Company focused on world-class properties and becoming a US domestic supplier. According to the Company their holdings in Nevada offers considerable potential for the discovery and development of large flake, high-grade graphite.
OTCMAGIC has recently published a new article on USA Graphite that goes more into detail on what is really happening. To find out what OTCMAGIC projects for USGT both short term and long term please visit our article here: USGT
OTCMAGIC is the fastest growing, most exciting Penny Stocks Newsletter on the Internet. Visit OTCMAGIC today and find out why 30,000 investors visit every month. If you love finding out the inside scoop on today’s hottest Penny Stocks than you will love OTCMAGIC.
Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PLEASE NOTE: OTCMagic.com employees are not registered as an Investment Adviser in any jurisdiction whatsoever. Full disclaimer can be read at http://OTCMagic.com/disclaimer. Release of Liability: Through use of this website viewing or using you agree to hold OTCMagic.com, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss monetary or otherwise, damage monetary or otherwise, or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. OTCMagic.com affiliates may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. OTCMagic.com encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and OTCMagic.com. We make no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. This is not a solicitation to buy or sell any securities. Any claims or Statements should be deemed hypothetical. OTCMagic.com, nor any of its affiliates are not registered investment advisers or broker dealers.
Copyright © 2005-2014 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)