Contrarian Stock Market Investing News - Featuring Bargain Stocks » Quest Uranium 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:Friday, July 10, 2009 http://www.contrarianprofits.com/articles/resource-stock-roundupfriday-july-10-2009/18989 http://www.contrarianprofits.com/articles/resource-stock-roundupfriday-july-10-2009/18989#comments Fri, 10 Jul 2009 21:30:01 +0000 Doug Casey http://www.contrarianprofits.com/?p=18989 Commodity related stocks bounced off their recent lows and that helped the Canadian markets post gains during Thursday’s session. For the tale of the tape: the TSX Exchange rallied 1.25%, while the TSX Gold Index bounced up 0.8% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added 0.85% with the advancers edging out the decliners by a 386 to 325 margin on a pathetic 108 million shares traded.

Union workers are becoming the star attraction for investors with Kinross Gold’s La Coipa gold mine in Chile on strike. Affected production is stated at 300 ounces of gold per day and the workers are standing by their wage demands. Kinross (NYSE:KGC) ended the session up C$0.05 at C$20.71.

Closer to home,…

]]> Commodity related stocks bounced off their recent lows and that helped the Canadian markets post gains during Thursday’s session. For the tale of the tape: the TSX Exchange rallied 1.25%, while the TSX Gold Index bounced up 0.8% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added 0.85% with the advancers edging out the decliners by a 386 to 325 margin on a pathetic 108 million shares traded.

Union workers are becoming the star attraction for investors with Kinross Gold’s La Coipa gold mine in Chile on strike. Affected production is stated at 300 ounces of gold per day and the workers are standing by their wage demands. Kinross (NYSE:KGC) ended the session up C$0.05 at C$20.71.

Closer to home, a strike against Vale Inco in Sudbury is all but certain to begin on Monday with the contract expiring for members of United Steelworkers Local 6500. Vale is looking to trim costs from what it calls its highest cost operation and the workers are not fans of the cost cuts.

Uranium One achieved record quarterly attributable production of 833,900 pounds U308 from its Kazakhstan operations the second quarter of 2009. That’s an 18% jump over the first quarter. The company also tabled a new resource for its South Inkai mine. Total indicated resources now tally 34.1 million tonnes grading 0.053% U308 and total inferred resources came in at 42.8 million tonnes grading 0.047% U308, of which a total of 58.8 million pounds of U308 is attributable to Uranium One. The miner ended the day up C$0.18 at C$2.72.

Meanwhile shares of Ivanhoe Mines (NYSE:IVN) added C$0.38 to close at C$9.35 after the company announced that the Mongolia national parliament had voted to advanced approval discussions for the huge Oyu Tolgoi copper-gold project.

Shares of  Quest Uranium continued to soar on big volumes with no reported news. Rumours are that the company is attracting big player interest thanks to their Strange Lake rare earth project in Quebec. Quest ended the day up C$0.075 at C$0.50.

The summer doldrums have clearly arrived with trading volumes on the junior bourse falling to extremely modest levels. We shall see what Friday trading has in store.


Source: Resource Stock Roundup:Friday, July 10, 2009

]]> http://www.contrarianprofits.com/articles/resource-stock-roundupfriday-july-10-2009/18989/feed 0 Resource Stock Roundup:Thursday, July 9, 2009 http://www.contrarianprofits.com/articles/resource-stock-roundupthursday-july-9-2009/18935 http://www.contrarianprofits.com/articles/resource-stock-roundupthursday-july-9-2009/18935#comments Thu, 09 Jul 2009 22:30:59 +0000 Doug Casey http://www.contrarianprofits.com/?p=18935 The selloff in commodity-related stocks continued with a vengeance during Wednesday trading on the Canadian Markets. For the tale of the tape; the TSX Exchange was down 1.94%, while the TSX Gold Index fell 3.8% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, plunged 3.32% with the decliners swamping the advancers by a 593 to 248 margin on a modest 168 million shares traded.
Shares of Atac Resources gave back C$0.03 of yesterday’s C$0.19 gain to close at C$0.60. Atac reported a drill intercept of 24.07 grams gold per tonne over 28.04 metres including 5.34 metres of just over 100 grams gold per tonne from its Rau project in the Yukon.

Mercator Minerals shipped 9,091,708 pounds of copper, 418,987 pounds of molybdenum…

]]> The selloff in commodity-related stocks continued with a vengeance during Wednesday trading on the Canadian Markets. For the tale of the tape; the TSX Exchange was down 1.94%, while the TSX Gold Index fell 3.8% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, plunged 3.32% with the decliners swamping the advancers by a 593 to 248 margin on a modest 168 million shares traded.
Shares of Atac Resources gave back C$0.03 of yesterday’s C$0.19 gain to close at C$0.60. Atac reported a drill intercept of 24.07 grams gold per tonne over 28.04 metres including 5.34 metres of just over 100 grams gold per tonne from its Rau project in the Yukon.

Mercator Minerals shipped 9,091,708 pounds of copper, 418,987 pounds of molybdenum and 56,441 ounces of silver from its Mineral Park Mine in Arizona during the second quarter. In the process the company generated $5.7 million in earnings before interest, taxes, depreciation and amortization. Despite the news, Mercator failed to fight the downdraft in the market as the company ended the day down C$0.08 at C$1.13.

Exeter Resource (AMEX:XRA) tabled an inferred resource of 646,000 ounces of gold equivalent, which comprises 371,000 ounces of gold at a grade of 10.5 grams gold per tonne and 19.2 million ounces of silver at a grade of 545 grams silver per tonne at its Cerro Moro project in Argentina. Exeter ended the day down C$0.21 at C$3 even.

Bucking the down trend on no new developments was Quest Uranium. Rumours are that the company is attracting big player interest thanks to their Strange Lake rare earth project in Quebec. Quest ended the day up C$0.13 at C$0.425

The falling price of oil and bullion is putting immense pressure on the resource rich Canadian markets. We shall see what Thursday trading has in store.


Source: Resource Stock Roundup:Thursday, July 9, 2009

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