Contrarian Stock Market Investing News - Featuring Bargain Stocks » FCO 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, 23 Nov 2009 15:11:53 +0000 http://wordpress.org/?v=2.8.5 en hourly 1 Resource Stock Roundup Tuesday, October 7, 2008 http://www.contrarianprofits.com/articles/resource-stock-roundup-tuesday-october-7-2008/5995 http://www.contrarianprofits.com/articles/resource-stock-roundup-tuesday-october-7-2008/5995#comments Tue, 07 Oct 2008 14:54:49 +0000 Doug Casey http://www.contrarianprofits.com/articles/resource-stock-roundup-tuesday-october-7-2008/5995 The massive liquidation of equities resumed with a vengeance during Monday trading on the Canadian Markets. For the tale of the tape, the TSX Exchange lost 5.30%, while the TSX Gold Index fell 6.3% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, dropped 12.78% with the declining issuers swamping the advancers by a 1,008 to 129 margin on big volume of 235 million shares traded.

Shares of Pacific Iron Ore (POC) dropped C$0.20 to close at C$0.29. The junior recently tabled the results from seven diamond drill holes from its Pearson project on Vancouver Island, British Columbia.

Formation Capital (FCO) reported that the record of decision on its Idaho cobalt project has been remanded by the U.S. Forest Service. Formation…

]]> The massive liquidation of equities resumed with a vengeance during Monday trading on the Canadian Markets. For the tale of the tape, the TSX Exchange lost 5.30%, while the TSX Gold Index fell 6.3% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, dropped 12.78% with the declining issuers swamping the advancers by a 1,008 to 129 margin on big volume of 235 million shares traded.

Shares of Pacific Iron Ore (POC) dropped C$0.20 to close at C$0.29. The junior recently tabled the results from seven diamond drill holes from its Pearson project on Vancouver Island, British Columbia.

Formation Capital (FCO) reported that the record of decision on its Idaho cobalt project has been remanded by the U.S. Forest Service. Formation closed down C$0.125 at C$0.24.

On a rare positive note, Oro Gold Resources (OGR) cut 61.1 metres running 8.5 grams gold per tonne at its Trinidad property some 110 kilometre east of Mazatlan, Mexico. Oro ended the day up C$0.09 at C$0.38.

ATW Venture (ATW) hit 23.7 metres grading 16 grams gold at its Burnakura gold mine in Western Australia. ATW ended the day up C$0.01 at C$0.445.

The market meltdown is continuing, with the junior bourse marking the hardest hit. The TSX Ventures is now within striking distance of its 2002 low of 890. We will see what Tuesday trading has in store.

Source: Resource Stock Roundup Tuesday, October 7, 2008

]]> http://www.contrarianprofits.com/articles/resource-stock-roundup-tuesday-october-7-2008/5995/feed 0 Resource Stock Round Up Tuesday, September 17th, 2008 http://www.contrarianprofits.com/articles/resource-stock-round-up-tuesday-september-17th-2008/5465 http://www.contrarianprofits.com/articles/resource-stock-round-up-tuesday-september-17th-2008/5465#comments Tue, 16 Sep 2008 17:53:37 +0000 Doug Casey http://www.contrarianprofits.com/articles/resource-stock-round-up-tuesday-september-17th-2008/5465 After a winning session on Friday, the Canadian markets reverted to the minus column during Monday trading as financial turmoil and falling oil prices dragged down equities.

 

For the tale of the tape, the TSX Exchange plunged 4.04%, while the TSX Gold Index fell 5.4% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, dropped 4.52% with the declining issuers swamping the advancers by a 616 to 243 margin on volume of 130 million shares traded.

On the plus side, Freewest Resources Canada (FRW) cut 100 metres of chromite on its wholly-owned McFaulds property in Ontario’s James Bay Lowlands. Freewest ended the day up C$0.015 at C$0.26.

Shares of Augen Gold (AUJ) got slammed on no particular news closing at C$0.20…

]]> After a winning session on Friday, the Canadian markets reverted to the minus column during Monday trading as financial turmoil and falling oil prices dragged down equities.

 

For the tale of the tape, the TSX Exchange plunged 4.04%, while the TSX Gold Index fell 5.4% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, dropped 4.52% with the declining issuers swamping the advancers by a 616 to 243 margin on volume of 130 million shares traded.

On the plus side, Freewest Resources Canada (FRW) cut 100 metres of chromite on its wholly-owned McFaulds property in Ontario’s James Bay Lowlands. Freewest ended the day up C$0.015 at C$0.26.

Shares of Augen Gold (AUJ) got slammed on no particular news closing at C$0.20 for a C$0.19 loss. The company has been working the Jerome gold property in Ontario.

Sticking to that theme, Formation Capital (FCO) came out and stated that is not aware of any material reason for the decline in its share price. The company, which is advancing the Idaho cobalt project, lost C$0.04 to close at C$0.32.
San Gold reported a 2.7 metre intercept running 51.4 grams gold per tonne at its Rice Lake gold mine in Manitoba. Not good enough in a bad market, as San Gold ended the day down C$0.06 at C$1.06.

The junior board hit yet another new three-year low and is showing no signs of bottoming just yet. The five year low is rapidly approaching so we will see what Tuesday trading has in store.

Source:  Resource Stock Round Up Tuesday, September 17th, 2008

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