NAE

I last looked at New Age Explorations back in July and they were 0.35 cents a share. I suggested that the weather meant not much would happen (it's very cold in Otago) and not much did indeed happen.

Now that the weather is warming up I expect a greater emphasis on drilling and getting some real idea of what they have. At 0.3 cents, and with gold soaring in price, this could be a good play for a 00% gain this year; and that's without looking at their Pilbara operations.

Bear in mind that explorers are money-eating machines. These guys are at a very early stage. There will need to be significant funds raised as things progress. And with almost 3 billion shares on issue, there will be further dilution. For long term holders there will almost certainly be the opportunity to buy in with an options incentive attached. 

Would I go long here? Not without extensive research. However, it is a good time to get in right now. And any future research would involve talking to the CEO after reading announcements and reports.

Understand that this sector is also very crap at getting news out to the media. They don't have a lot of money for PR activities, and that certainly can affect their share price. I will check back in mid-December to see how they are going.