Contrarian Stock Market Investing News - Featuring Bargain Stocks » North American Tungsten 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:Tuesday, June 30th, 2009 http://www.contrarianprofits.com/articles/resource-stock-rounduptuesday-june-30th-2009/18556 http://www.contrarianprofits.com/articles/resource-stock-rounduptuesday-june-30th-2009/18556#comments Tue, 30 Jun 2009 20:00:45 +0000 Doug Casey http://www.contrarianprofits.com/?p=18556 The bigger board resource stocks continued to ascend to higher levels but the more junior exploration stocks fell victim to a lack of buyers during Monday’s session on the Canadian Markets. For the tale of the tape, the TSX Exchange added 0.84%, while the TSX Gold Index tacked on 0.4% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, lost 0.54% with the decliners edging out the advancers by a 443 to 342 margin on 161 million shares traded.

North American Tungsten is temporarily suspending production form its CanTung tungsten mine in the Northwest Territories starting October 15 due to declining prices. North American ended the day down C$0.035 at C$0.125.

Fortress Minerals cut 40 metres of 3.68 grams gold per tonne at…

]]> The bigger board resource stocks continued to ascend to higher levels but the more junior exploration stocks fell victim to a lack of buyers during Monday’s session on the Canadian Markets. For the tale of the tape, the TSX Exchange added 0.84%, while the TSX Gold Index tacked on 0.4% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, lost 0.54% with the decliners edging out the advancers by a 443 to 342 margin on 161 million shares traded.

North American Tungsten is temporarily suspending production form its CanTung tungsten mine in the Northwest Territories starting October 15 due to declining prices. North American ended the day down C$0.035 at C$0.125.

Fortress Minerals cut 40 metres of 3.68 grams gold per tonne at its Amy prospect in Russia. Fortress ended the day up C$0.03 at C$0.35.

Centamin Egypt has poured its first gold from the Sukari Hill gold mine in Egypt. The upstart miner is expected to produce 200,000 ounces of gold per year over a 15-year mine life. Centamin ended the day up C$0.02 at C$1.69.

B2Gold continued to ramp up its exploration presence in Nicaragua by optioning Radius Gold’s ground in that country. The company also announced a bought deal financing comprising 33.34 million shares at C$0.75 each. B2Gold closed down C$0.03 at C$0.77, while Radius added C$0.015 at C$0.20.

Shares of Sacre-Coeur Minerals added C$0.21 to close at C$0.91 after the junior reported that it is assessing the alluvial gold potential of its projects in Guyana.

Looks like the summer time doldrums may be taking hold of the exploration stocks. We will see what Tuesday trading has in store.

Source: Resource Stock Roundup:Tuesday, June 30th, 2009

]]> http://www.contrarianprofits.com/articles/resource-stock-rounduptuesday-june-30th-2009/18556/feed 0 Resource Stock Roundup: Tuesday, February 24th, 2009 http://www.contrarianprofits.com/articles/resource-stock-roundup-tuesday-february-24th-2009/14096 http://www.contrarianprofits.com/articles/resource-stock-roundup-tuesday-february-24th-2009/14096#comments Tue, 24 Feb 2009 19:39:40 +0000 Doug Casey http://www.contrarianprofits.com/?p=14096 There was no place to hide during Monday trading on the Canadian markets as the bears mauled the bulls. For the tale of the tape, the TSX Exchange plunged 3.80%, while the TSX Gold Index dropped 2.8% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, fell 1.56% with the decliners swamping the advancers by a 493 to 310 margin on 139 million shares traded.


Southwestern Resources and Geoinformatics Exploration are looking to merge in a deal that would see Geoinformatics get 0.6 of a Southwestern share for each Geoinformatics share held. Southwestern ended the session down C$0.015 at C$0.235, while Geoinformatics closed unchanged at C$0.18.

On the drill front, cash rich IMA Exploration (AMEX:IMR) tabled the results from the Island Copper project…

]]> There was no place to hide during Monday trading on the Canadian markets as the bears mauled the bulls. For the tale of the tape, the TSX Exchange plunged 3.80%, while the TSX Gold Index dropped 2.8% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, fell 1.56% with the decliners swamping the advancers by a 493 to 310 margin on 139 million shares traded.


Southwestern Resources and Geoinformatics Exploration are looking to merge in a deal that would see Geoinformatics get 0.6 of a Southwestern share for each Geoinformatics share held. Southwestern ended the session down C$0.015 at C$0.235, while Geoinformatics closed unchanged at C$0.18.

On the drill front, cash rich IMA Exploration (AMEX:IMR) tabled the results from the Island Copper project in British Columbia. Highlights included 238 metres running 0.61 gram gold and 0.08% copper. IMA ended the day down C$0.02 at C$0.30.

North American Tungsten added C$0.03 to close at C$0.175 after the company announced that a bankable feasibility study over its MacTung deposit in the Yukon generates an internal rate of return of 23.5% and has a pretax net present value at an 8% discount of $277 million.

Eldorado Gold (AMEX:EGO) is a company to watch, having its shares halted from trading at C$11.64 pending news. Financing or takeover?

Hold onto your hat because it looks like the next leg down has started and the bottom appears to be nowhere in sight. We will see what Tuesday trading has in store.


Source: Resource Stock Roundup: Tuesday, February 24th, 2009

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