To OTC Journal Members:
 

Platina Energy Group (OTC BB: PLTG): Reach Expanding

I'm really glad PLTG delivered some news for me to cover, as it gives me the opportunity to use one of the most important new resources on the new and improved OTC Journal web site.

Today, just after the close, PLTG announced has acquired another 15-20 drill sites in the area of Kentucky that has started producing for them already. This company is on a very fast track expansion program, numbers will start coming through in the September and December quarters. The magnitude of those numbers is at yet unknown, but premlinary results suggest the company will be delivering at least $4 million in annual revenues based solely on the wells that have recently come on line. There's also more to come.

The first couple of days on this new idea I introduced back in June were Mr. Toad's wild ride as the stock traded abruptly from the entry level of $.12 to $.18, back to $.07, and then to $.15.

However, since energy prices started coming down over the past 30 days (much to the relief of many)- this stock has really not been able to find a strong bid. There seems to be a fair amount of excess supply, and the slide in energy prices has taken the sizzle out of the stock. 

A good comparable would be Kentucky USA Energy (OTC BB: KYUS). This company is exploring and starting to develop nat gas and oil properties in the same region. It is currently trading at about a $70 million market cap- PLTG, and it's current $.09 level, is trading at an $11 million market valuation. Cheap for a company on their track.

As I alluded to earlier- PLTG gives us an excellent opportunity to use the resources on the new OTC Journal site. When I posted my coverage on PLTG, I suggested $.25 would be a good target price over the next 6 months to 1 year, and you should set your SSL at $.10.

I don't believe I've done a good job explaining to investors just how important the concept of an SSL is- it always comes to the forefront when we get into these kinds of Bear Market environments.

It's crunch time on PLTG- you have to decide if you are going to be a long term investor, and just hold this stock or pick up more in the typical August malaise. 

This would be a great time for you to go to www.otcjournal.com, and watch my 2 minute video on using the SSLs. How to and when to, and whether they work for you, or they don't fit your goals and style.

Simply go the home page. In the video window, click on the Welcome Tab, or the Trading Tab. Scroll to the left until the video on Suggested Stop Losses comes up, the click, watch, and listen.

You will find the SSLs and target prices for all the companies I follow on the right hand menu bar. Personally, I rarely sell the micros during August. I am more prone to buy, and seasonally these kinds of stocks are simply cheap. They will come back as we move into the Fall. 

Here's the complete test of today's news for your review:
 

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