Petaquilla Minerals (PTQ.to) down 10% at $0.45 on this news, volumes above average. I get asked about why this-or-that stock looks so darned cheap when the project holds X million ounces of gold (CPN.to at RDM) or Y billion pounds of copper (BAJ.to at Boleo) and all it needs is to finalize its debt financing deal. And as soon as the debt deal is completed it's gonna fly. And shouldn't we buy now? Well folks, although vastly more scummy that the decent guys at CPN.to, yesterday's news out of PTQ is a case in point. With the deal struck PTQ has sold itself to the financiers and have left nothing for the retail shareholders. This company now exists for 1) the bankers and 2) the people whose salaries it will pay. When it comes to debt financing, the devil is always in the details.
East Asia Minerals (EAS.v) down 0.7% at $5.91 but up loads of very lots on the week. somebody tell Northern Miner.
Commerce Resources (CCE.v) up 5.3% at $0.40 on 8X CCE had news out late last night on its REE deposit up there in Frostyland which looks all pretty and stuff. Now I don't know much about REEs and the NR just registered when it hit, but I received a superb rant from an IKN reader that really, really knows about REEs who just trashed the contents of the NR (and its messengers) from here to Timbuktu...and back. It's tempting to paste the rant up here but the contents, even from the hand of an utterly trustworthy source, are too fruity even for this humble scribe's taste without some personal DD done first. I am unsurprised to note that Commerce Resources sponsors Mexico Mike's website.
B2Gold (BTO.to) UNCH at $1.90. BTo has had a pretty good week, shaking off the missed earnings reported Friday last and trading as high as $1.97 yesterday. Subscribers know why I've been watching this price carefully.
Fronteer Gold (FRG) up 1.0% at U$7.32. Another stock that's enjoyed a strong week and ignored the broad market weakness these last two days. This is good.
East Asia Minerals (EAS.v) down 0.7% at $5.91 but up loads of very lots on the week. somebody tell Northern Miner.
Commerce Resources (CCE.v) up 5.3% at $0.40 on 8X CCE had news out late last night on its REE deposit up there in Frostyland which looks all pretty and stuff. Now I don't know much about REEs and the NR just registered when it hit, but I received a superb rant from an IKN reader that really, really knows about REEs who just trashed the contents of the NR (and its messengers) from here to Timbuktu...and back. It's tempting to paste the rant up here but the contents, even from the hand of an utterly trustworthy source, are too fruity even for this humble scribe's taste without some personal DD done first. I am unsurprised to note that Commerce Resources sponsors Mexico Mike's website.
B2Gold (BTO.to) UNCH at $1.90. BTo has had a pretty good week, shaking off the missed earnings reported Friday last and trading as high as $1.97 yesterday. Subscribers know why I've been watching this price carefully.
Fronteer Gold (FRG) up 1.0% at U$7.32. Another stock that's enjoyed a strong week and ignored the broad market weakness these last two days. This is good.