Contrarian Stock Market Investing News - Featuring Bargain Stocks » Diamonds North Resources 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: Wednesday, February 25th, 2009 http://www.contrarianprofits.com/articles/resource-stock-roundup-wednesday-february-25th-2009/14169 http://www.contrarianprofits.com/articles/resource-stock-roundup-wednesday-february-25th-2009/14169#comments Wed, 25 Feb 2009 19:15:46 +0000 Doug Casey http://www.contrarianprofits.com/?p=14169 In a rapid turn of events, it was the gold guys’ turn to get wacked during Tuesday’s trading session on the Canadian Markets. For the tail of the tape; the TSX Exchange added 2.77%, while the TSX Gold Index plunged 9% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, fell 2.88% with the decliners swamping the advancers by a 536 to 265 margin on 154 million shares traded.

The controversial C$762.4 million proposed take over of Lundin Mining (NYSE:LMC) by HudBay Minerals is now over. HudBay officially gave into shareholder revolt by terminating the transaction without either party paying a break fee. HudBay ended the session up C$0.60 at C$5.38, while Lundin dropped C$0.07 at C$0.73.

Eldorado Gold Corporation (AMEX:EGO) announced…

]]> In a rapid turn of events, it was the gold guys’ turn to get wacked during Tuesday’s trading session on the Canadian Markets. For the tail of the tape; the TSX Exchange added 2.77%, while the TSX Gold Index plunged 9% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, fell 2.88% with the decliners swamping the advancers by a 536 to 265 margin on 154 million shares traded.

The controversial C$762.4 million proposed take over of Lundin Mining (NYSE:LMC) by HudBay Minerals is now over. HudBay officially gave into shareholder revolt by terminating the transaction without either party paying a break fee. HudBay ended the session up C$0.60 at C$5.38, while Lundin dropped C$0.07 at C$0.73.

Eldorado Gold Corporation (AMEX:EGO) announced plans for a C$275 million financing but then abruptly cancelled the offering after failing to get satisfactory terms. Eldorado ended the day down C$1.34 at C$10.24.

Disappointing results from the Tuktu-1, 2 and 3, as well as the Qavvik-4, 5 and 6 kimberlites in Nunavut had shares of Diamonds North Resources fall C$0.14 to C$0.12.

Take profits where you can was the name of the game as gold stocks took one on the chin. On the plus side, energy and financials showed some strength. We will see what Wednesday trading has in store.


Source: Resource Stock Roundup: Wednesday, February 25th, 2009

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