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Goldquest Mining Corp Breakout Secures 'dverv' His First Stock Challenge Victory
July’s Stock Challenge concluded on Tuesday afternoon and the overall community results were much stronger than the prior month’s competition. Despite July falling in the middle of the summer doldrums, our members managed to turn in some impressive one month returns.
Unlike most of the recent Stock Challenges, July’s wasn’t very close - at least not for the top spot. Pinnacle member ‘dverv’, who has been with the community since March of last year, ran away with it. By day 10 of the Stock Challenge, dverv took the lead and never looked back.
Donfig47, a perennial TOP 10 finisher, made a run at dverv in the final week but it wasn’t enough. Dverv timed July’s Stock Challenge perfectly after selecting Goldquest Mining (GQC:TSXV) and Gold Standard Ventures (GSV:TSXV). Gold Standard ended up being irrelevant in the grand scheme of things for dverv. It was Goldquest Mining that captured the crown for our new champ as the junior explorer came out with a host of impressive drilling results throughout the month. On July 18th Goldquest Mining announced highlights, from a recent drilling program, of 159 metres grading 4.45 g/t gold from 212.5 metres to 372 metres, including a sub interval of 75.5 metres grading 9.01 g/t gold and 1.06% copper. Needless to say, with results like that, the stock took off. If that wasn’t enough, just yesterday, the company followed up with more strong results, which included 258 metres grading 4.5 g/t gold and 1.3% copper and an upper section of 55 metres grading 1.25 g/t gold.
Take a look at the effect these results had on Goldquest’s share price this month:
The next time someone tells you that the junior miners are dead and there is no money to be made on the Venture, show them Goldquest’s 30 day chart. The company started the month of July at $0.53 per share. It closed trading today at $1.28 (hit a one month high of $1.52). During the month of July, Goldquest Mining traded more than 43 million shares and made a lot of investors wealthier because of it.
As mentioned, dverv’s second pick (Gold Standard Ventures) was irrelevant for the new champ as it down-ticked slightly during the month. However, dverv’s overall one month return was an impressive 65.91% - this is the best single month return since March of this year when GlobalInvestor came through with a 67.69% result. Dverv’s 65.91% return is also the third highest one month result of 2012. Darrell99 still has the best single month return of 2012 at 85.95% (achieved in January’s Stock Challenge).
As mentioned, donfig47, a Pittsburgh native and perennial contender (who has been close many times, but never a champ), finished in second spot with a 34.01% return. Had this been last month’s Stock Challenge, with results like that, donfig47 would’ve ran away with the competition (last month’s winner finished with an overall return just over 15%). Unfortunately for donfig47 he ran into dverv who wasn’t going to be denied a victory. Donfig47 - a member of the Pinnacle community for just over 3 years - selected Natcore Technology (NXT:TSXV) and Sirius XM Radio (SIRI:NASDAQ). Natcore increased 50% for the month while Sirius XM increased roughly 17%. Sooner or later donfig47 will be a Stock Challenge champ. He’s been too close too many times.
Rounding out the TOP 3 was scottiepimps59 who finished with a solid 26.53% return for the month. The San Diego native climbed the ladder 46 spots on the final day of the Stock Challenge to claim the 3rd position after Uranium Resources increased just over 50% today. Scottiepimps59 went with two uranium stocks for this month’s challenge and selected UEX Corp (UEX:TSX) as his second pick.
Two previous Stock Challenge champs managed to crack the TOP 10 this month. TOP UP finished in 4th spot with a 25.01% return and Lloyd (who has won the Stock Challenge twice - including last month) finished in 8th spot with a 15.21% return.
Congratulation to our new Stock Challenge Champion, dverv - it was a well deserved and dominant victory. This is dverv’s first Stock Challenge victory and we welcome the new champ as our 52nd member of the Stock Stars Hall of Fame!
In addition to becoming an inductee into our Hall of Fame, dverv receives 1000 reputation points to his Pinnacle Profile along with the highly coveted Stock Star. As well, dverv will receive our Stock Challenge ‘Winner’s Wear’ to ensure his victory is recognized by all his friends back home. Our champions receive the winner’s only Pinnacle Package - which includes the finest of garments fit for a champion: The Stock Challenge Champ Hoodie and a Pinnacle Digest dri-fit golf shirt (for those summer days on the links). Wear them with pride dverv!
* Click here to get a sneak peek at dverv’s selection for August’s Stock Challenge.
All the best with your investments,
July’s Stock Challenge Statistics:
Highest Return: 65.91%
Lowest Return: -31.44%
Average Return: 1.65%