Buy American Power Corp.

In: Tips

21 Dec 2010

Our new alert is American Power Corp., AMPW, and the stock closed today at $1.37.

AMPW is an energy company based in Denver, Colorado.

AMPW was established with the focus of acquiring near-term, large-scale coal projects in close proximity to national transportation links.

In September AMPW closed a financing agreement for total gross proceeds of $10 million through a 2.5-year stock issuance agreement with a European institutional investor.

AMPW acquired roughly 29,000 acres in Judith Basin County, Montana which make up the Pace Coal Project.

In 1979 Mobil Oil Co. (now ExxonMobil) drilled sample holes over 14,000 of the project’s acres.

The samples were sent to labs and determined that both the quality and the quantity of coal on the Pace acreage was high and significant.

These reports determined there could be in excess of 410 million tons of high volatility bituminous coal potential on the Pace acreage.

410 million tons!!!

If that is correct at today’s prices that is worth over $30 BILLION DOLLARS !!

That is HUGE. No wonder the stock is on a roll. At this point the stock is showing no signs of slowing down and there may still be significant upside ahead.

Get ready to book your profits with AMPW.

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