Latest news for Sanu Gold (OTC:SNGCF) Stock

Sanu Gold Corp is a mining, exploration, and development company that has interests in three drill-ready gold exploration projects in Guinea, West Africa's Siguiri Basin. The Corporation's primary project is the Banta Baye Property, The other projects are known as the Diguifara project, Bantabaye project and the Daina project.

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SNGCF

Source: Bob Moriarty 05/20/2024

Bob Moriarty of 321gold.com explains why he believes Sanu Gold Corp. could benefit from current sentiments around gold and silver.

Stock May Benefit From Gold and Silver Sentiment

Source: Clive Maund 05/08/2024

Technical Analyst Clive Maund shares why he believes Sanu Gold Corp. is an Immediate Strong Buy.

Expert Says Now Is a Good Time To Buy This Gold Stock

Sanu Gold Corp

As part of the company's 2024 investment of more than $10 million to expand manufacturing capacity, new needle and syringe production lines have been installed at the BD plants in Connecticut and Nebraska. One line is already fully operational with additional lines expected to start up in the coming months.
These new lines will boost BD's capacity of domestically manufactured safety-engineered injection devices by more than 40 percent and conventional syringes by more than 50 percent, adding hundreds of millions of units annually to support critical U.S. health care delivery such as hospital procedures, vaccinations, medication preparation and drug delivery to patients. In addition, BD has hired more than 215 full-time employees at its facilities in Nebraska and Connecticut to support the increased production.

Becton, Dickinson And Company Says It Boosts US Manufacturing Of Critical Medical Devices: Among Others Company Plans Over $30M In Investments In 2025 To Expand Manufacturing Capacity For IV Lines At Its Plant In Utah   To Support Continued Growth In Catheter Solutions

WIIM

JPMorgan Chase shares are trading higher after the company reported better-than-expected Q4 EPS and revenues.

Janney Montgomery Scott analyst Robert Stevenson downgrades Douglas Emmett (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DEI#NYSE">DEI</a>) from Buy to Neutral.

Downgrades

Analyst Ratings

Janney Montgomery Scott Downgrades Douglas Emmett to Neutral

HC Wainwright &amp; Co. analyst Edward White reiterates Karyopharm Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KPTI#NASDAQ">KPTI</a>) with a Buy and maintains $7 price target.

Price Target

Reiteration

KPTI

HC Wainwright & Co. Reiterates Buy on Karyopharm Therapeutics, Maintains $7 Price Target

Earnings

Wells Fargo Q4 Net Interest Income Decreased 7% YoY

DA Davidson analyst Michael Shlisky upgrades Shyft Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHYF#NASDAQ">SHYF</a>) from Neutral to Buy and maintains the price target from $15 to $15.

Upgrades

SHYF

DA Davidson Upgrades Shyft Group to Buy, Maintains Price Target to $15

MNSO

MINISO Says It Launched Flagship Store In Thailand, Building Another Landmark In SE Asia

HC Wainwright &amp; Co. analyst Heiko Ihle maintains Integra Resources (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ITRG#AMEX">ITRG</a>) with a Buy and lowers the price target from $3.75 to $2.

ITRG

HC Wainwright & Co. Maintains Buy on Integra Resources, Lowers Price Target to $2

As the weekend approaches, TikTok is on the verge of being banned in the United States unless the Supreme Court steps in to halt the process. 
What Happened: The potential ban of TikTok on Sunday could impact the app&#8217;s nearly 17,000 employees in the U.S., sparking a wave of uncertainty.
In the latter half of 2024, TikTok saw a 38% rise in employee departures compared to the same period in 2023, as per <a href="https://www.adweek.com/media/tiktoks-us-hiring-slowed/">Adweek</a>. Many former employees have transitioned to major tech companies such as Meta, Google, Amazon, Microsoft, and Apple.
Despite the increase in departures, TikTok&#8217;s hiring has&nbsp;slowed to its lowest level&nbsp;since 2020, with over 2,000 job openings still listed on its career site across various U.S. cities, covering roles in&nbsp;product, design, operations, advertising, and&nbsp;sales.
TikTok reportedly reassured its U.S. employees that their &#8220;employment, pay, and benefits are secure, and our offices will remain open, even if this situation hasn&#8217;t been resolved before the January 19 deadline,&#8221; Business Insider <a href="https://www.businessinsider.com/tiktok-tells-staff-still-have-jobs-if-ban-happens-memo-2025-1">reported</a> on Wednesday. 
The memo also noted that only the U.S. user experience would be impacted.
As TikTok awaits the Supreme Court&#8217;s decision, the company is preparing for various outcomes. Legal analysts suggest that the court is unlikely to overturn the existing ruling. Meanwhile, President-elect Donald Trump has expressed intentions to save the app once in office.
Why It Matters: The potential TikTok ban in the U.S. has been a topic of significant discussion, with the&nbsp;<a href="https://www.benzinga.com/general/social-media/25/01/42957741/tiktok-ban-deadline-ahead-what-will-happen-to-app-on-your-phone">Supreme Court</a>&nbsp;signaling support for enforcing the<a href="https://www.benzinga.com/general/social-media/25/01/42957741/tiktok-ban-deadline-ahead-what-will-happen-to-app-on-your-phone"> Jan. 19 deadline</a>. This has led to various speculations about what might happen to the app on users&#8217; phones and which companies could benefit from the ban.
In a surprising development,&nbsp;Elon Musk&nbsp;has emerged as a potential buyer for <a href="https://www.benzinga.com/general/social-media/25/01/42965533/elon-musk-emerges-as-potential-tiktok-us-buyer-as-ban-deadline-looms-company-terms-it-pure-fiction">TikTok&#8217;s U.S. operations</a>. Discussions, though preliminary, suggest a potential scenario where Musk's X platform could acquire TikTok's U.S. operations, valued between $40 billion to $50 billion. This move would merge TikTok's 170 million U.S. users with X's advertising reach.
Additionally,&nbsp;YouTuber MrBeast has also <a href="https://www.benzinga.com/general/social-media/25/01/42994923/mrbeast-discussing-buying-tiktok-with-billionaires-to-prevent-us-shutdown-lets-see-if-we-can-pull-this-off">expressed interest in acquiring TikTok </a>to prevent its shutdown. He is reportedly in talks with several billionaires to explore the feasibility of this purchase, although no names have been disclosed yet.
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

Social Media

General

TikTok Is Set To Be Banned In The US This Sunday Unless The Supreme Court Steps In: Here's What Happens To Its Nearly 17,000 American Workforce

JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) reported quarterly earnings of $4.81 per share which beat the analyst consensus estimate of $4.11 by 17.03 percent. The company reported quarterly sales of $43.738 billion which beat the analyst consensus estimate of $41.707 billion by 4.87 percent. This is a 9.50 percent increase over sales of $39.943 billion the same period last year.

Earnings Beats

JPMorgan Chase Q4 2024 GAAP EPS $4.81 Beats $4.11 Estimate, Sales $43.738B Beat $41.707B Estimate

Wells Fargo shares are trading higher following a Q4 EPS beat.

The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the<a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">IAC Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IAC#NASDAQ">IAC</a>)</h3>
<ul>
<li>After the market close on Monday, IAC announced its board approved a plan to spin off its full stake in Angi to IAC shareholders. As part of the change, IAC CEO Joey Levin will leave his role and become an advisor to the company. Levin will also be named executive chairman of Angi. "Joey Levin has wanted a store of his own for some time and the spin-off of Angi affords him this opportunity. Although IAC will relinquish his services as CEO, we expect that he will continue to advise us for many years," said Barry Diller, senior executive and chairman of IAC. The company' stock fell around 7% over the past month and has a <a href="https://www.benzinga.com/quote/IAC">52-week low of $39.61</a>.</li>
<li>RSI Value: 28.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>IAC Price Action: Shares of IAC gained 0.4% to close at $41.65 on Tuesday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011525&amp;t=be2bearmibe3na1">latest IAC news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011525&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="910" height="857" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15064428/image-92.png" alt="" class="wp-image-734460" style="width:579px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15064428/image-92.png 910w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15064428/image-92-300x283.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15064428/image-92-768x723.png 768w" sizes="(max-width: 910px) 100vw, 910px" /></a></figure>
<h3 class="wp-block-heading">Fubotv Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUBO#NYSE">FUBO</a>)</h3>
<ul>
<li>On Jan. 6, FuboTV, along with The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), finalized a definitive agreement to combine Disney's Hulu + Live TV with Fubo, forming a combined virtual MVPD company. The company's stock fell around 29% over the past five days and <a href="https://www.benzinga.com/quote/FUBO">has a 52-week low</a> of $1.10.</li>
<li>RSI Value: 19.2</li>
<li>FUBO Price Action: Shares of Fubotv fell 14.4% to close at $3.81 on Tuesday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the trend in <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011525&amp;t=be2bearmibe3na1">FUBO stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011525&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="927" height="852" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15064524/image-93.png" alt="" class="wp-image-734461" style="width:608px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15064524/image-93.png 927w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15064524/image-93-300x276.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15064524/image-93-768x706.png 768w" sizes="(max-width: 927px) 100vw, 927px" /></a></figure>
<h3 class="wp-block-heading">Getty Images Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GETY#NYSE">GETY</a>)</h3>
<ul>
<li>On Jan. 7, Getty Images and Shutterstock announced a $3.7 billion merger. The company's stock fell around 30% over the past five days and has a 52-week <a href="https://www.benzinga.com/quote/GETY">low of $2.06.</a></li>
<li>RSI Value: 24</li>
<li>GETY Price Action: Shares of Getty Images gained 5.7% to close at $2.58 on Tuesday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential breakout in <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011525&amp;t=be2bearmibe3na1">GETY shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011525&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="892" height="848" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15064619/image-94.png" alt="" class="wp-image-734462" style="width:548px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15064619/image-94.png 892w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15064619/image-94-300x285.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15064619/image-94-768x730.png 768w" sizes="(max-width: 892px) 100vw, 892px" /></a></figure>
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Long Ideas

Pre-Market Outlook

FUBO

GETY

Top 3 Tech And Telecom Stocks That May Explode This Quarter

Wedbush analyst Nick Setyan reiterates Shake Shack (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) with a Neutral and maintains $130 price target.

SHAK

Wedbush Reiterates Neutral on Shake Shack, Maintains $130 Price Target

Avino Silver & Gold Mines Reports That Underground Development At Its 100%-owned La Preciosa Property Has Commenced Following Receipt Of All Required Permits For Mining Operations

Earnings Misses

Macro Notification

Wells Fargo Q4 2024 GAAP EPS $1.43 Beats $1.34 Estimate, Sales $20.378B Miss $20.585B Estimate

Weyerhaeuser shares are trading higher after CIBC upgraded the stock from Neutral to Outperformer.

BlackRock shares are trading higher after the company reported better-than-expected Q4 financial results.

Wedbush analyst Nick Setyan reiterates Papa John's International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) with a Outperform and maintains $60 price target.

PZZA

Wedbush Reiterates Outperform on Papa John's International, Maintains $60 Price Target

<a href="https://www.bloomberg.com/news/articles/2025-01-15/netapp-selling-some-software-assets-to-thoma-bravo-s-flexera?utm_medium=social&amp;utm_source=twitter&amp;utm_content=business&amp;cmpid=socialflow-twitter-business&amp;utm_campaign=socialflow-organic&amp;sref=ZoyErlU1" title="https://www.bloomberg.com/news/articles/2025-01-15/netapp-selling-some-software-assets-to-thoma-bravo-s-flexera?utm_medium=social&amp;utm_source=twitter&amp;utm_content=business&amp;cmpid=socialflow-twitter-business&amp;utm_campaign=socialflow-organic&amp;sref=ZoyErlU1">https://www.bloomberg.com/news/articles/2025-01-15/netapp-selling-some-software-assets-to-thoma-bravo-s-flexera?utm_medium=social&amp;utm_source=twitter&amp;utm_content=business&amp;cmpid=socialflow-twitter-business&amp;utm_campaign=socialflow-organic&amp;sref=ZoyErlU1</a>

Asset Sales

NTAP

Bloomberg Reported NetApp Selling Some Software Assets to Thoma Bravo's Flexera For ~$100M

VCEL

Vericel shares are trading lower after the company issued preliminary FY24 and Q4 net revenue below estimates.

Sanu Gold announces $5M private placement led by AngloGold Ashanti and Capital Limited

Press Releases

Montage Gold Enters Into Strategic Partnership with Sanu Gold  Given Its Highly Attractive Exploration Properties in Guinea

Montage Gold Closes Investment in Sanu Gold

CSE:SANU

MAUTF

TSXV:MAU

Sanu Gold

Source: <a href="https://www.streetwisereports.com/article/2024/05/20/stock-may-benefit-from-gold-and-silver-sentiment.html?utm_medium=feed">Bob Moriarty 05/20/2024</a>

Bob Moriarty of 321gold.com explains why he believes Sanu Gold Corp. could benefit from current sentiments around gold and silver.

As of my writing, the Daily Sentiment Index (DSI) for gold stands at 78, while silver&#39;s DSI is 80. These numbers do not indicate an overwhelming bullish sentiment that would hinder further rallies. In fact, based on my observations of investor sentiment on Stockwatch, it appears that market participants are skeptical about the current rally. The shares I own or follow are experiencing low trading volumes, with only a few thousand shares changing hands daily. This is not indicative of a market top.

When an asset class is at its lowest point, it is typically characterized by a lack of investor interest. Conversely, when an investment becomes the flavor of the day, and everyone is eager to pour money into it, that often signifies a market high. We are currently not in such a situation.

Gold is on the verge of reaching a new all-time high, and silver is just a few pennies away from its highest level in thirteen years. Despite these impressive milestones, investor enthusiasm remains muted.

In my search for undervalued investment opportunities that have yet to capture the attention of the broader market, I examined the shares I own or follow. My goal was to identify an asset that is exceptionally cheap and poised to appreciate once investors recognize its potential. However, it remains uncertain whether investors will eventually wake up to these overlooked opportunities.

<div class="font-claude-message pr-4 md:pr-9 relative overflow-x-auto leading-[1.65rem] [&amp;_pre&gt;div]:bg-bg-300 [&amp;_pre]:-mr-4 md:[&amp;_pre]:-mr-9">
<div class="grid grid-col-1 gap-2.5 [&amp;_&gt;_&#x2A;]:min-w-0">
After conducting thorough research to identify the most promising undervalued company, I discovered Sanu Gold Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SNGCF#OTC">SNGCF</a>). This company operates in the world&#39;s most prolific gold district and boasts three projects of district-scale potential. To gauge investor interest, I visited the CEO.CA website a few days after Technical Analyst Clive Maund published a comprehensive and insightful article about the company.

CEO.CA provides a real-time display of the number of individuals currently active on a specific company&#39;s discussion board. To my surprise, the counter indicated that only two people were present on Sanu Gold&#39;s board. Considering that I was one of those two people, it became apparent that investor interest in this potentially lucrative opportunity was incredibly low, with myself accounting for half of the total engagement.

Sanu Gold is on the verge of concluding a reverse circulation (RC) drilling program at their Bantabaye project, having drilled approximately 1,500 meters. The collected samples have been sent to the assay laboratory, and the company expects to receive the results in the near future. The previous drilling campaign in 2023 yielded impressive gold intercepts, including a notable interval of 15 meters grading 11.4 grams per tonne of gold (g/t Au). These encouraging findings from the earlier program have raised expectations for the upcoming assay results from the current drilling effort.

Sanu Gold has an impressive land package, controlling 28,000 square kilometers in Guinea, which is considered one of the world&#39;s most prospective gold regions. The company finds itself in the midst of major players such as Newmont Mining, AngloGold Ashanti, and Nordgold, all of which have delineated multi-million-ounce gold deposits in the area. The relative obscurity of Guinea among small investors can be attributed to the tendency of these large companies to maintain a low profile regarding their mines and recent discoveries.

Looking ahead, Sanu Gold has secured funding for its 2024 drill program, which will include up to 8,000 meters of RC drilling. As results trickle in over the coming months, the company&#39;s ability to raise additional capital and continue drilling will depend on the outcome of these initial assays. However, even the preliminary results suggest a strong likelihood of discovering between 2 and 5 million ounces of gold. Moreover, Sanu Gold has two additional projects with similar potential.

It&#39;s worth noting that major companies operating in the basin have employed certain tactics to discover multiple million-ounce deposits over the years. One such approach involves paying attention to the activities of garimpeiros, or artisanal miners, who have honed their skills in locating economically viable gold deposits over centuries using only hand tools. Another interesting phenomenon is the role of termites, which dig down to the water table and bring material to the surface. While the gold grade in these mounds can vary considerably, the presence of any gold indicates the possibility of more at depth, making it a promising location for drilling.

Despite demonstrating excellent results, Sanu Gold&#39;s share price has declined by 80% over the past two years. However, when the market eventually recognizes the company&#39;s potential, Sanu Gold is likely to be among the first to benefit. As an early investor, I have owned shares since the company went public and have continued to average down my position.

It&#39;s important to acknowledge that Sanu Gold is an advertiser, and I have personally participated in private placements and purchased shares in the open market as recently as a week ago. While I am enthusiastic about the company&#39;s potential, I encourage readers to take responsibility for their own investment decisions and review Sanu Gold&#39;s investor presentation for further information.

Sanu Gold Corp.&nbsp;closed for trading at CA$0.11 on May 16, 2024.

Important Disclosures:
</div>
</div>

<ol>
	<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Sanu Gold Corp.</li>
	<li>Bob Moriarty: I, or members of my immediate household or family, own securities of: Sanu Gold Corp. My company has a financial relationship with Sanu Gold Corp. I determined which companies would be included in this article based on my research and understanding of the sector.</li>
	<li>Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.</li>
	<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>

Source: <a href="https://www.streetwisereports.com/article/2024/05/08/expert-says-now-is-a-good-time-to-buy-this-gold-stock.html?utm_medium=feed">Clive Maund 05/08/2024</a>

Technical Analyst Clive Maund shares why he believes Sanu Gold Corp. is an Immediate Strong Buy.

Even without the benefit of a sector bull market, Sanu Gold Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SNGCF#OTC">SNGCF</a>) is looking like a most attractive gold stock investment here, but as it happens, a major gold and gold stock bull market is just getting started that promises to be of unprecedented magnitude and will be of enormous benefit to a well-positioned company like Sanu Gold.

A big reason that Sanu Gold is looking so attractive at this point is that it is not some junior that is looking for gold in a forlorn windswept northern moose pasture &mdash; it is looking for gold in the number one gold mining district in the world where it is surrounded by significant discoveries, in addition to which it has made some significant discoveries of its own.

We will now proceed to overview the company, looking at a selection of slides from its latest investor deck, which is new out this month, and then continue on to an analysis of its latest stock charts to see what they say about its prospects, and as we will discover, they are very bright indeed.

First of all, where does Sanu Gold operate, and at what stage of development are its properties?

The company has three significant properties in the prolific Siguiri basin in northeastern Guinea, which is in West Africa, and the exact position of Guinea in Africa and within Guinea, the position of the Siguiri basin is shown on the first slide.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/20245853533_1.jpg" style="height:563px; width:1000px" />

The second slide shows the position of the company&#39;s three properties within the Seguiri basin, and also the numerous significant discoveries in the area, with some big mining companies such as AngloGold and Endeavour active in the district and also on this slide, there is information about high-grade discoveries at Sanu&#39;s Bantabaye and Daina properties from the first drill program illustrating that work at these properties is well beyond the initial exploration phase.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/20245853613_2.jpg" style="height:562px; width:1000px" />

This slide shows the high-grade discovery potential of the flagship Bantabaye project.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/20245853640_3.jpg" style="height:565px; width:1000px" />

The following slide shows details of the company&#39;s already achieved high-grade discoveries at the Bantabaye property.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/20245853704_4.jpg" style="height:566px; width:1000px" />

The next interesting slide shows the location and size of other key landholdings in the Seguiri basin, who owns what, and how they relate to Sanu&#39;s properties &mdash; as we can see &mdash; AngloGold Ashanti Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>) has a spread of big holdings very near Sanu&#39;s properties.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/20245853726_5.jpg" style="height:564px; width:1000px" />

Now, we come to a very important slide for investors, which demonstrates that there is a lot of belief in and confidence in this company.

Of the 138.5 million shares in issue, insiders, founders, and close associates own 30%, high net worth Individuals own another 30%, and institutions own 25%, which only leaves about 15% for retail investors, or about 19 million shares, so clearly any serious influx of demand for the stock can be expected to drive the price substantially higher.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/20245853751_6.jpg" style="height:566px; width:1000px" />

Our last slide sums up some of the main attributes of the company that make its stock so attractive at the current price.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/20245853812_7.jpg" style="height:563px; width:1000px" />

Now, we will turn our attention to an analysis of the stock charts for Sanu Gold.

The charts for Sanu Gold Corp look very positive indeed. On its 2-year arithmetic chart below, we can see that, following a severe bear market from the fall of 2022 when it peaked at CA$0.45, a giant slightly downsloping Cup (or Pan) and Handle base has formed. Despite the price bottoming as recently as late February of this year, the giant base pattern actually started to form as far back as June of last year, as this chart makes plain.

The duration of this base pattern has allowed time for the 200-day moving average to drop down close to the price and swing into much better alignment, for downside momentum (MACD) to drop out, and also time for a substantial quantity of stock to rotate from weaker to stronger hands, thus laying the foundation for a new bull market to develop.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/20245853840_8.jpg" style="height:857px; width:685px" />

One of the &quot;hallmarks&quot; of a genuine Cup and Handle base (or Pan and Handle if it is relatively flat) is the appearance of heavy volume on the rally to form the right side of the Cup, and that we have definitely seen in the case of Sanu Gold. The reason for this is that a group of Smart Money investors suddenly realize that the prospects for the company are getting a lot brighter, and they pile in.

The Handle of the pattern then forms due to the fact that it takes time for the fundamentals of the company to catch up with these heightened expectations. Observe also on the chart how the strong recent upside volume has caused the Accumulation line to surge, which is also a very bullish indication. An important point for buyers or would-be buyers of the stock here to note is that the boundaries of the Handle drawn on the chart are provisional and may require adjusting, depending on how long the Handle continues to build out. The central point to keep in mind though is that &quot;the writing is on the wall&quot; as far as this stock is concerned &mdash; it&#39;s going higher and is expected to do so against the background of a broad sector advance as gold and silver&#39;s still young major bull market continues to unfold.

The shorter-term 6-month chart enables us to review recent action in much more detail, and on it, we can see that price / volume action following the sharp high-volume rally in March to complete the right side of the Cup of the Cup and Handle base has been very bullish, with the dieback in volume suggesting that the pattern of recent weeks may be a bull Flag and if this is what it is the price may not bother to hang around in this price area making a longer Handle before it gets on with it and breaks higher again soon.

It is clear, though, that whether or not it tarries in this area to mark out a longer Handle, we are at a favorable point here, with it having reacted back to the support shown not far above its rising 200-day moving average.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/20245853911_9.jpg" style="height:857px; width:677px" />

The conclusion is that the outlook for Sanu Gold is very positive, and with it now at a good entry point, it is rated an Immediate Strong Buy for all timeframes. Given that it has already made significant discoveries and that the prospects are good that it will make further important discoveries, there is a strong possibility that it will be taken over.

Sanu Gold Corp.&nbsp;closed at CA$0.07, $0.053 on May 7, 2024.

Important Disclosures:

<ol>
	<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Sanu Gold Corp.</li>
	<li>Author Certification and Compensation: [Clive Maund of clivemaund.com] is being compensated as an independent contractor by Street Smart, an affiliate of Streetwise Reports, for writing this article. Maund received his UK Technical Analysts&#39; Diploma in 1989. The recommendations and opinions expressed in this content accurately reflect the personal, independent, and objective views of the author regarding any and all of the designated securities discussed. No part of the compensation received by the author was, is, or will be directly or indirectly related to the specific recommendations or views expressed</li>
	<li>Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.</li>
	<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>

Clivemaund.com Disclosures

The above represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund&#39;s opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund&#39;s opinions on the market and stocks cannot be only be construed as a recommendation or solicitation to buy and sell securities.

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