Ventana Gold (VEN.to) is the Duracell Bunny and has reacted positively to yesterday's press release on metallurgy, that although "challenging" gives reason to suppose decent recovery percentages. Here's the chart....
...and I get the feeling the stock would rise if the CEO announced he was off to do a bit of shopping at Wal-Mart. Anyway, TD Sec/Newcrest has just upgraded its target on VEN.to again this morning (chasing or pushing, you be the judge).
The other recent hottie is Oro Gold (OGR.v) that has been making headlines with drill returns from its 'Trinidad' project in the not-very-explored Sinaloa region of Mexico. But today the company shocked nobody at all by announcing a 70c-level financing that will raise $4m or so of working cap.
If you feel ok with the risk on display here and feel like a punt, this placement is a logic time to get on board. Here's the PR pasted out, cos it's Canada only and non-newswire:
...and I get the feeling the stock would rise if the CEO announced he was off to do a bit of shopping at Wal-Mart. Anyway, TD Sec/Newcrest has just upgraded its target on VEN.to again this morning (chasing or pushing, you be the judge).
The other recent hottie is Oro Gold (OGR.v) that has been making headlines with drill returns from its 'Trinidad' project in the not-very-explored Sinaloa region of Mexico. But today the company shocked nobody at all by announcing a 70c-level financing that will raise $4m or so of working cap.
If you feel ok with the risk on display here and feel like a punt, this placement is a logic time to get on board. Here's the PR pasted out, cos it's Canada only and non-newswire:
| June 16, 2009 | |
| Oro Gold Announces $8 Million Private Placement | |
| VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 16, 2009) - NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES. Oro Gold Resources Ltd. ("Oro Gold" or the "Company") (TSX VENTURE:OGR) announces that it has entered into an agreement with a syndicate of underwriters (the "Underwriters") led by Wellington West Capital Markets Inc., to sell 5,715,000 units ("Units") at a price of $0.70 per unit for gross proceeds of $4,000,500 on an underwritten private placement basis (the "Offering"). Each unit will consist of one common share and one-half common share purchase warrant; each whole warrant will entitle the holder to purchase one additional common share at an exercise price of $1.00 per share for 18 months from the date of closing. The units issued will be subject to a four-month hold period from the closing date. The Underwriters shall also have the option exercisable up to 48 hours prior to closing to increase the size of the Offering by up to an additional 5,715,000 Units (the "Underwriters' Option"), for aggregate gross proceeds under the Offering of $8,001,000 if the Underwriters' Option is exercised in full. The Company intends to use the net proceeds of the private placement for additional exploration and development on the Company's 100% owned Trinidad gold property in Mexico and for working capital and general corporate purposes. The private placement is expected to close on or about July 7 2009 and is subject to applicable regulatory approvals. About Oro Gold |
DYODD, dude.