Wednesday, March 3, 2010

Trading Post (spock edition)


Dorato Resources (DRI.v) up 8.5% at $0.89. So let's go over this again; the company gets its licence indefinitely suspended when at 82c and then two weeks later trades 10% higher. That's illogical, captain. Nothing like a one-sided round of bullshit and a whispering campaign from people that have been 100% wrong so far to get the Kool-Aid flowing, is there? You long this stock? You mad. Just ask IAMGold why it retired from this region last year to know your real chances of success. Possibility of mine being built in Cenepa zone Peru is precisely zero percent. That's all you need to know about this stock and any other junior pretending that it's got a winner around that region.

TheNewCrystallex (EC.v) down 5.4% at $0.87. Darn, I cudda sworn this thing was at 97c when we last spoke. Hold on....it was! Wasn't it nice of those fine upstanding gentlemen to finally inform their flock about the Alca snafu this morning? You just know a company has its shareholders' interests at heart when it takes three days to pass on material changes.

B2Gold (BTO.to) up 1.4% at $1.41 but was trading higher earlier. The company released an update report this morning linked here. and the thing I liked most about it wasn't the details (though the Orosi/Libertad news was definitely positive and the other sections weren't bad at all, either). Nah, the thing I liked is that the company gets all business out the way in one comprehensive news release. It's not trying to drip-feed the market with bullshit NR after bullshit NR over a period of weeks and months like so many other juniors. BTO goes "look, here's what's happening at the company, all the info you need in a nice, clear and transparent way. Go deal with it". It's far more professional the BTO way, folks.

Nevada Copper (NCU.to) up 3.6% at $3.50 on the back of a 4.18% Cu over 29.7m drillhole. that's worthy of a pop like this, infill or not.

Antares Minerals (ANM.v) up 9.1% at $2.29. Wabbitz!