Today’s new Green Baron “Trading Alert” is Allied American Steel Corp. (OTCBB: AAST).  This Pittsburg based Steel Company has massive steel projects on the Eastern Seaboard just north of NY State.  AAST rallied to hit $1.91 earlier this month and then recently dropped to find support near $1.00 per share closing yesterday at our “Trading Alert” price of .95.  We view this price point to be extremely attractive and see a huge bounce higher coming over the near-term.  Our members know that most of our new Green Baron “Trading Alerts” take off within hours or days after we initiate coverage.

Also, The Myers’ Letter just initiated coverage of AAST with one of most bullish reports we have ever witnessed from this newsletter.  John Myers states, “Amazingly, I’ve he has just discovered the iron ore miner that I believe is next in line to reward investors with Carnegie-size fortunes.”  As usual, we have included a portion of this new report below and provided a link that will allow you to view the report in its entirety.

Independent Third Party “Buy” Recommendation and Alert

Fellow Investor: 

What makes American Steel's iron ore reserves such a sitting duck takeover target is the fact that:

·         AAST directly next door to $130 Billion Market Cap RIO TINTO's (NYSE: RIO) Lac Tio Mine, the world’s largest solid deposit of iron and titanium (in production since 1950).

·         AAST sits on a proven geological resource with a current estimated value of $72.1 Billion

·         It has the potential to generate $1.1 Billion a year in revenue

·         It's located proudly on the American Eastern Seaboard just north of NY State with direct access to ports so the iron ore can be sold to the world

·         Its stock (AAST.OB) is trading at a tiny fraction of the per-share value of in-the-ground iron ore. At $50 a share, the $3.5 billion price tag would be a hardly-noticeable, drop out of the $147 Billion cash bucket BHP set aside when it went after Rio Tinto!

If mega-giant, BHP manages to snap up tiny Allied American Steel (currently trading at around $1.00 a share) for ONLY 5% of Allied's PROVEN IN-GROUND IRON ORE VALUE, it would be getting away with highway robbery at $50 a share – that is over 62x its' current share price...!!!

Click to read full report on AAST from The Myers’ Letter

ABOUT ALLIED AMERICAN STEEL:

Allied American Steel Corp is an advanced exploration stage mining company focused on the discovery and production of significant iron ore resources, and the titanium dioxide resources often associated with iron deposits. The Company is publicly traded, and can be found on the NASDAQ OTC BB under the ticker symbol AAST.OB. Based in Pittsburgh, PA, the Company's option to acquire a 60% undivided interest in certain mineral claims, located by Lake Touladi in the Province of Quebec, Canada, is situated near the North American eastern seaboard, granting easy access to world export markets. A 43-101 technical report (Michel Boily, PhD. P. Geo, May, 2010) commissioned by the sellers of the Lake Touladi Property cited 4 major mineralized zones (A to D) on the property. The combined estimated historical mineral resources for Zones A and B alone were cited by the report as 124 million tons (Mt) grading an average 23.3 wt. % iron (Fe) and 6.6 wt. % titanium dioxide (TiO2). Based on information supplied by the sellers of the property, drilling that confirmed mineral resource depths at more than 330 meters indicates the Lake Touladi Property represents an inferred resource of 248 Mt, and a production life of 45.9 years. According to previous owners, using an assumed value of $291 per ton in the ground, the potential in-situ value of this resource could exceed $72 billion. The company will be evaluating the net value of the project after more drilling, a metallurgical study and a scoping study is complete.

Contact:

Allied American Steel Corp
Dustin Buenaventura, Toll Free: 1-800-256-7207
Investor Relations
ir@alliedamericansteel.com
www.alliedamericansteel.com

DEFINITION: Green Baron “Trading Alert”

"Trading Alert" – A stock introduced to our members supported by research provided by a respected third party.  These are companies that we believe are worthy of investment, and we expect a big move up particularly in the extreme short-term.  These stocks have not been thoroughly researched by Green Baron staff, and therefore are not supported by a more in-depth profile.  Under the sub-section “Trading Alerts” on our website and our reports, we will provide a link to the independent research or BUY recommendation, a short description of the Company, and in some cases, we will conduct a Green Baron audio-taped webcast interview to allow a key person discuss the merits of the Company.

Compensation and Other Disclosures

All material listed within was based upon information supplied by the company or from other sources believed to be reliable. This information contains forward-looking statements that involve risks and uncertainties. A company’s actual results could differ materially from those described within. We recommend you use the information provided as an initial starting point for conducting your own research on these companies in order to determine your own personal opinion before investing. We disclaim any and all liability as to the completeness or accuracy of the information and for any omissions of material facts.  Evergreen Marketing, Inc., parent company of The Green Baron Report, has received (U.S.) $4,500 for its coverage of Allied American Steel Corp. (BB: AAST) as a Green Baron “Trading Alert” in June / July 2011.