Tuesday, April 20, 2010

Trading Post (red-blooded edition)


Pan American Silver (PAAS) (PAA.to) up 2.0% at U$25.63. PAAS announced its production results for 1q10 and they were called "mixed" by analysts, probably cos people are still trying to work out whether the death of one miner reported in the quarter is the normal average for PAAS and its pisspoor safety standards or above or below average. But please note that PAAS didn't make mention of the death itself. In fact, it NEVER informs its shareholders of the non-stop injuries and deaths at its mines.

Rio Alto Mining (RIO.v) up 4.9% at $0.86. RIO came out with financing news today and subscribers received analysis in a Flash update on that event in their inboxes before 10am. DYODD.

Dorato Resources (DRI.v) down 3.1% cos a bunch of Ecuadorians are stealing what they think is their gold.

Vena Resources (VEM.to) UNCH at 32c, but the stock is up 6.7% in Lima trading and there's a pretty strong jungledrum that got picked up by a broker friend there and passed this way. Apparently a chunky piece of news is due. Only time will tell if that's good dope.