Thursday, August 5, 2010

Trading Post (light relief edition)

ATAC Resources (ATC.v) up 13.9% at $2.05 on the back of some sparkling drill numbers in this NR today. ATC.v looks like a mine from here, but in the end WTFDIK about the Yukon?

Rio Alto (RIO.v) UNCH at 81c. Her name is Rio and she dances on the sand and weirdly enough, sand is 'arena' in Spanish. This humble scribe is waiting for the grand unveiling of those Coffey resource numbers, which should happen between soon and very soon. Volume is crappy today but the next NR..whenever it comes..should soon sort that out.

East Asia Minerals (EAS.v) down 7.5% at $5.18 and much lower earlier. I've just one thing to say on the action in this stock today; Peter HolierThanThou Grandich is an uninformed dickhead and a disservice to the idiot sheep that follow him. He truly doesn't know what the hell he's talking about on this Indonesian forestry issue (and neither does the can of corn) and once the hoo-hah has died down (and don't ask me where the bottom is in this move cos I have no idea) the buying opportunity here is obvious. Disclosure: no position.

TheNewCrystallex (EC.v) UNCH at 16c and I'm still waiting for the notes of apology, dumbasses.

Fortuna Silver ( up 1.9% at $2.16. A bit of an upmove today but volumes are low and really, it's still farting around in this trading range. One for the serious investor and best of breed.

Endeavour Silver ( up 0.6% at $3.52. Well I laughed when I saw that EDR failed Rule One* yet again in 2q10. The dirty little secret at EDR is that it needs all its FCF to try and improve on its mediocre resource numbers and will do this kind of quarter time and again. The perfect stock for people who follow people that don't know how to read balance sheets.

*rule one= make a profit