Contrarian Stock Market Investing News - Featuring Bargain Stocks » Appleton Exploration http://www.contrarianprofits.com Access market-beating ideas from the world's top investment gurus on stock market investing, the gold market, ETFs, Forex trading and real estate values. Mon, 10 May 2010 15:10:45 +0000 http://wordpress.org/?v=2.8.5 en hourly 1 Resource Stock Roundup: Thursday, June 25th, 2009 http://www.contrarianprofits.com/articles/resource-stock-roundup-thursday-june-25th-2009/18358 http://www.contrarianprofits.com/articles/resource-stock-roundup-thursday-june-25th-2009/18358#comments Thu, 25 Jun 2009 20:42:54 +0000 Doug Casey http://www.contrarianprofits.com/?p=18358 The resource rich Canadian Markets rebounded with a vengeance during Wednesday trading. For the tale of the tape, the TSX Exchange added 2.06%, while the TSX Gold Index climbed another 2.8% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, tacked on 1.53% with the advancers edging out the decliners by a 397 to 350 margin on 151 million shares traded.
Sherritt International and its partners on the Ambatovy nickel project in Madagascar have determined how to fund the $4.52 billion project. Sumitomo, Korea Resources and SNC-Lavalin have agreed to lend Sherritt its 40 per cent share of the remaining development costs. Sherritt ended the session up C$0.26 at C$5.27.

Shares of West Timmins Mining and Lake Shore Gold exploded upwards on news of an 83.4…

]]> The resource rich Canadian Markets rebounded with a vengeance during Wednesday trading. For the tale of the tape, the TSX Exchange added 2.06%, while the TSX Gold Index climbed another 2.8% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, tacked on 1.53% with the advancers edging out the decliners by a 397 to 350 margin on 151 million shares traded.
Sherritt International and its partners on the Ambatovy nickel project in Madagascar have determined how to fund the $4.52 billion project. Sumitomo, Korea Resources and SNC-Lavalin have agreed to lend Sherritt its 40 per cent share of the remaining development costs. Sherritt ended the session up C$0.26 at C$5.27.

Shares of West Timmins Mining and Lake Shore Gold exploded upwards on news of an 83.4 metre drill intercept returning 12.75 grams gold per tonne on the Thunder Creek joint venture project in Ontario. West Timmins, which owns a 40 per cent stake, added C$0.58 to C$1.60, while Lake Shore gained C$0.46 to close at C$2.90.

Moving in the other direction were shares of Appleton Exploration. The junior tabled the final results from its Manalo gold project in Mali with the highlights including 7.53 grams gold per tonne over 1 metre. Appleton’s stock ended the day down C$0.185 at C$0.195.

Hathor Exploration cut 9.64 per cent U308 over 13.5 metres in the latest results from the Roughrider zone on its 90-per-cent-owned Midwest Northeast property in Saskatchewan. Hathor added C$0.07 to close at C$1.93

The resource bulls were back in charge but with more economic news pending, the bears are surely just waiting in the wings. We will see what Thursday trading has in store.

Source: Resource Stock Roundup: Thursday, June 25th, 2009

]]> http://www.contrarianprofits.com/articles/resource-stock-roundup-thursday-june-25th-2009/18358/feed 0 Resource Stock Roundup:Tuesday, June 16th, 2009 http://www.contrarianprofits.com/articles/resource-stock-rounduptuesday-june-16th-2009/17965 http://www.contrarianprofits.com/articles/resource-stock-rounduptuesday-june-16th-2009/17965#comments Tue, 16 Jun 2009 19:05:19 +0000 Doug Casey http://www.contrarianprofits.com/?p=17965 Profit-taking was the name of the game during Monday trading on the Canadian Markets. For the tale of the tape; the TSX Exchange fell 2.35%, while the TSX Gold Index lost another 1.9% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, dropped 1.89% with the decliners swamping the advancers by a 585 to 300 margin on a robust 204 million shares traded.
Uranium One went shopping and elected to buy a 50% interest in the Karatau uranium mine in Kazakhstan from the Russian state-owned uranium mining company. The price tag is 117 million shares of Uranium One and a cash payment of $90 million. The deal also provides for a contingent payment of up to $60 million, payable in three…

]]> Profit-taking was the name of the game during Monday trading on the Canadian Markets. For the tale of the tape; the TSX Exchange fell 2.35%, while the TSX Gold Index lost another 1.9% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, dropped 1.89% with the decliners swamping the advancers by a 585 to 300 margin on a robust 204 million shares traded.
Uranium One went shopping and elected to buy a 50% interest in the Karatau uranium mine in Kazakhstan from the Russian state-owned uranium mining company. The price tag is 117 million shares of Uranium One and a cash payment of $90 million. The deal also provides for a contingent payment of up to $60 million, payable in three tranches over the period between 2010 and 2012 subject to certain post-closing tax related adjustments. Uranium One ended the day up C$0.12 at C$2.95.

Shares of Merc International Minerals added C$0.035 to close at C$0.35. The junior is about to commence drilling on its high-grade Damoti gold project in the Northwest Territories.

Ventana Gold continued to defy gravity with the latest news indicating that mineralization from its La Mascota zone of the La Bodega project in northeastern Colombia is metallurgical challenged but recoverable. Ventana ended the day up C$0.38 to C$5.28.

Appleton Exploration added C$0.44 to close at C$0.64 after tabling a reverse circulation drill hole that returned 192 grams gold per tonne over 10 metres on the Manalo project in Mali, West Africa.

International Northair Mines sparked some interest after reporting surface sampling of 25.3 metres running 362.7 grams silver per tonne from the La Boracha zone on the La Cigarra project in Mexico. International ended the day up C$0.01 at C$0.075.

The second half of June started off on a sour note with the strength in the United States dollar hurting commodities. Is the selloff a one day wonder or the start of a trend? We shall see what Tuesday trading has in store.


Source: Resource Stock Roundup:Tuesday, June 16th, 2009

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