Tuesday, June 15, 2010

Trading Post (triumphant return edition)


Trading Post returns from hiaitus due to ennui from repetition. Eschew obfuscation, that's what I say.

B2Gold (BTO.to) up 4% at $1.55 and taking a break from its morning volume/price surge. Congrats due to reader 'P' who I know for a solid fact took decent trading profits at $1.59. FWIW, smartypants 'P' is looking at $1.40 for a buyback, but I don't think it'll get that low. We shall see.

Antares Minerals (ANM.v) up 10.6% at $2.60. Volumes at 54k aren't stunning, but 10% up is 10% up, so no long can complain too much. ANM likes copper back at $3, to be sure. Another good reason to like this is the cash needed for beers Chez Otto will be minimal. DYODD on that one, dude.

Fronteer Gold (FRG) up 2.4% at U$6.95 and looks unstoppable at the moment. Volumes slightly above average, too.

Serengeti Resources (SIR.v) down 7.6% at $0.245. This smallcap copper explorer has seen resistance snap and a sharp drop in recernt days. it does pretty good volume normally and may offer up a flip for the braver amongst you. A lot depends on that cu spot price, though.

Salazar Resources (SRL.v) down 1.7% at $1.19. The market liked the news that SRL now has exploration permits for its smart looking VMS thingy in Ecuador and shot the PPS up around 30% last week. Today the company announced that the drill program is on and although trading slightly down, volumes are still strong. Not one I own, but people close to the project love the rocks on offer.