I mentioned tiny Naikun Wind Energy as a speculative binary bet almost a year ago. It took me months to build a position at 7c/sh. In late August, when the stock was at 4c, the co. made this vague announcement :
Naikun Wind Energy Group Inc. has signed an indicative offer with a major offshore wind development company to develop its world-class wind resource in Hecate Strait, a few kilometres east of Haida Gwaii, within the traditional territory of the Haida Nation. The parties are working to negotiate and sign a definitive agreement in the next few weeks. The definitive agreement, with this major offshore wind company, will provide leading-edge technical expertise and dedicated financial resources, and will establish a framework for a long-term relationship.
Still waiting for the announcement but since then the stock price has jumped to 21-22, hitting a high of 27c. I've taken some off the table and will free ride the rest.
