Lone Star Gold, Inc. (OTC:LSTG) Digs For More Speculative Oportunities

Lone Star Gold, Inc. (OTC:LSTG) is another member of the gold penny stocks family which has been tabulating on the market as of late. The stock’s ups-and-downs have been an excellent speculative venue for the seasoned speculators and a painful ordeal for common investors.

Two weeks ago, LSTG bounced from a 52-week low at $0.72 and surged without any news or reports at hand. A press release came last Tuesday which coincided with the end of the surge.

The publication announced that LSTG had begun drilling on the La Candelaria project in Mexico. Supposedly, the company has employed its whole arsenal of equipment on the gold field. This equipment, according the official 10-Q report, consists of a whole used truck valued at $11,100.

Surprisingly or not, the announcement was backed up by a paid newsletter which was issued by several stock promoters. The name of the promoter and his money reward for profiling LSTG are listed below:

• Buzz Stocks - $6,500
• Wall Street Hottest Stocks - $15,000
• Stock Stars - $4,000

In this regard, it is not certain how seriously LSTG is drilling for gold with its used truck or the announcement was part of the awareness campaign which was ordered by Winning Media, who is one of the most active third parties in stock promotions. Winning Media is known of having spent $5.3 million for stock promotions this year.

In general, LSTG has been in its exploration stage since it was incepted four years ago. The financial report published on Thursday shows that the company will need additional financing in order to continue operations. Nevertheless, LSTG will not be short of speculative opportunities especially now that global gold prices are again on focus.