Friday, September 3, 2010

Trading Post (got the builders in again edition)


Andean Resources (AND.to) (AND.ax) up 48.9% at CAD$7.16, which prices in a possible bidding war. We shall see what we shall see.

Troy Resources (TRY.to) (TRY.ax) up 8.6% at CAD$2.66. Troy was one of the first stocks to react to the AND.to news, coming as it did at the beginning of the Aussie Friday session late last night. We're updating our coverage on TRY this weekend in the NOBS fundy report (which was programmed before today's Argy newsflow surge, by luck or judgement good or bad).

Minera Andes (MAI.to) up 11.6% at $0.96 on strong vols. Mine were sold this AM at 95, fwiw.

Ventana Gold (VEN.to) up 11.4% at $9.48, so a good lucky richochet picked up by the port here, too. DYODD.

Fronteer (FRG) up 1.1% at U$7.53 and clawing back some of the early week loss on the XAU.to buyout news. Sprott upgraded FRG to a buy this morning, which might be a factor.