Thursday, October 21, 2010

Trading Post (all your base are belong to us edition)


Antares Minerals (ANM.v) up 0.8% at $6.70. Ok, a 30% chance of a counterbid. But that's as far as I go and I'd still be way happy to get it wrong. Not in any hurry here.

Iron Creek Capital (IRN.v) down 5.3% at $0.71 but still seemingly high. Seems to me that a no-brain arbitrage is for holders to sell at 71c then buy the same portion of the placement currently going on and get the shares back at 65c with a half warrant kicker at a loonie. But hey...WTFDIK anyway?

Ventana Gold (VEN.to) down 0.8% at $9.04. People who have trading smarts and are known to this humble scribe are buying at $9 and below, calling it an easy flip. I agree (but I topped up a little higher recently and pushed the pirce average to $7.92, so no more for the moment). Until November, patience.

Coro Mining (COP.to) UNCH at $0.58. Big date next week. 

ECU Silver (ECU.to) UNCH at $0.70 and still down on a year when any normal silver stock is flying. a stock for people who can't read balance sheets, eg anyone in GATA.