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Thursday, August 11, 2022

General European Strategic Investments (OTCMKTS: GESI) Waiting for a BOUNCE as Promo Ends and Investors Run for the Exits

General European Strategic Investments (OTCMKTS: GESI) has ended up just where we said it would in our first report on the Company recently moving well below $0.20 per share; a far cry from the $10 plus levels this stock reached in mid-June at the height of the The-FinancialNews.com linked google add campaign. We stated then the GESI has a powerful promoter behind it who may continue to push it much higher, but the bottom will drop out, GESI is not SEC reporting and cannot maintain this valuation. The steady ride up every day on plenty of liquidity is nice but be careful when the bottom drops out, it will happen very fast.” and it did happen very fast, too fast for the many shareholders who bought on the way up and GESI is currently down well over 95% from its June highs. 

We also reported on the skull & crossbones designation from OTCMarkets was another nail in the coffin for GESI which can no longer issue press releases as a result. With the ad campaign long over, and investors jumping ship all that GESI is good for now is bounces and it will bounce. The stock has dropped from over $10 per share and there will be a significant short covering rally as soon as the stock reverses. Where will that happen is hard to say, the stock could easily drop much farther before the reversal. Smart investors will wait on the sidelines until a significant reversal has been established and even then, investors should be very careful with GESI especially holding the stock overnight. 

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General European Strategic Investments (OTCMKTS: GESI) holds a significant interests in Tier-1 and district-scale projects, located in Europe. The portfolio of GESI includes: Gemerska Poloma – Arbitration Case, Laakso PGE-Nickel-Copper Project, ColdPro LTD and the Transcarpathian Gold Project. The Comapany has issued many press releases over the past few months but if you want to skip these because really the don’t mean anything, then skip to the conclusion that start with “currently trading at a $109 million market valuation in bold;

GESI recently brought on Christopher Malone to its new CFO. Wolfgang Rauball, GESI’s CEO, stated, “Mr. Appleby has recently had a significant increase in his workload, and as our company is maturing and evolving its business at a more rapid pace, he felt it would be in the best interest of the company and its shareholders to step down from the position of CFO. We would like to thank him for his hard work and I am pleased he will be able to continue as an independent member of our Board of Directors, and we look forward to working with him in that capacity as he brings valuable insight given his experience in the industry. However, the position of CFO is being left in good hands, as Mr. Malone also has extensive financial experience and having them both on the board is a valuable asset to our overall team.” 

Christopher Malone was unanimously approved by the board to fill the CFO position, and he is the founding Director of PrOasis, a professional consulting firm, where he has spent the past 31 years managing the firm which focuses on executive management, corporate finance, strategic planning and governance for major Canadian SME organizations. Mr. Malone currently holds the positions as Chief Financial Officer and Director for an OSC registered Fund Manager and an IIROC registered Broker Dealer member. He has extensive listing, regulatory reporting and governance experience with private businesses and public companies and Exchanges in Canada and the United States. Mr. Malone’s experience stems from over 39 years in the North American workforce holding senior financial and information technology systems roles in some of Canada’s largest domestic and multi-national organizations. He also holds a CPA/CMA designation and graduated from the University of Western Ontario with a B.A. in Commerce and Economics. 

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GESI

GESI recently reported the signing of the Consortium Agreement for the Seismic and Electromagnetic Methods for Deep Mineral Exploration Project (“SEEMS DEEP”). GESI participates in the SEEMS DEEP Project through its wholly owned Finnish subsidiary Laakso Minerals Oy (“Laakso”). The Consortium Agreement of the SEEMS DEEP Project has been signed by all the Parties and has come into force. 

The Parties include: the Geological Survey of Finland (GTK); Uppsala University, Department of Earth Sciences, Sweden; Bureau des Recherches Géologiques et Minières (BRGM), France; Institute of Geophysics, Polish Academy of Sciences; Geopartner Geofizyka sp. z. o.o., Poland; GRM-Services, Finland; IRIS Instruments, France; Laakso Minerals Oy, Finland. 

The Consortium Agreement specifies the relationship among the Parties, concerning the organization of the work between them, the management of the Project and the rights and obligations of the Parties concerning inter alia liability, access rights and dispute resolution. 

Being now in full force, the Consortium Agreement shall continue and be in effect until complete fulfilment of all obligations undertaken by the Parties under the ERA-MIN3 funding rules. Presentation of the first scientific results of the SEEMS DEEP Consortium will take place between the 18-22 September this year at the 4th Conference on Geophysics for Mineral Exploration and Mining of the European Association of Geoscientists and Engineers in Belgrad, Serbia. 

Wolfgang Rauball, GESI’s CEO, stated, “The SEEMS DEEP Project and the results of the unique Koillismaa Deep Hole, being drilled by the Geological Survey of Finland within the Laakso’s reservation permit, will result in construction of high-confidence geomodel describing the geological structure of the large positive gravity and magnetic anomaly that potentially acted as a conduit for the mafic-ultramafic magma, which formed the nickel, cobalt and platinum group metals mineralization in the region. It is hopped that this work will define the potential for high-grade nickel, cobalt and platinum group mineralization at depth within the Korpuajärvi land-holding of Laakso Minerals Oy. The work on geomodelling has already started and we look forward to providing further updates.” 

 

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Currently trading at a $109 million market valuation GESI started trading in late April at $5 per share and it has been a volatile ride since then, dropping to as low as $0.84 in early April the stock traded over $10 per share in June before a massive crash to current levels. GESI has had the dreaded skull and crossbones designation added by OTCMarkets due to the promotion that used an aggressive google add campaign leading to changing numbered pages at The-FinancialNews.com. As we said before; the reality is that GESI does not support a market valuation of more than $15 to $30 million which means the stock will be trading for pennies in the end. Currently dropping under $0.20, there will be a significant short covering rally as soon as the stock reverses. Where will that happen is hard to say, the stock could easily drop much farther before the reversal. Smart investors will wait on the sidelines until a significant reversal has been established and even then, investors should be very careful with GESI especially holding the stock overnight. We will be updating on GESI when more details emerge so make sure you are subscribed to Microcapdaily.

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Disclosure: we hold no position in GESI either long or short and we have not been compensated for this article

 

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