Contrarian Stock Market Investing News - Featuring Bargain Stocks » Raytec Metals 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, May 29th, 2009 http://www.contrarianprofits.com/articles/resource-stock-roundupfriday-may-29th-2009/17294 http://www.contrarianprofits.com/articles/resource-stock-roundupfriday-may-29th-2009/17294#comments Fri, 29 May 2009 19:39:06 +0000 Doug Casey http://www.contrarianprofits.com/?p=17294 Despite a notable lack of news, the Canadian markets continued to surge higher during Thursday trading. For the tale of the tape, the TSX Exchange added 2.5%, while the TSX Gold Index tacked on 1.80% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, rallied 1.11% with the advancers beating out the decliners by a 458 to 354 margin on 172 million shares traded.

Shares of Underworld Resources built on Wednesday’s C$0.36 gain by adding another C$0.15 to close at C$1.56. News is spreading on the size potential of its Golden Saddle zone at the White Gold property that recently returned 3.39 grams gold per tonne over 104 metres.

San Gold continued to turn out the numbers from its Hinge zone in Manitoba.…

]]> Despite a notable lack of news, the Canadian markets continued to surge higher during Thursday trading. For the tale of the tape, the TSX Exchange added 2.5%, while the TSX Gold Index tacked on 1.80% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, rallied 1.11% with the advancers beating out the decliners by a 458 to 354 margin on 172 million shares traded.

Shares of Underworld Resources built on Wednesday’s C$0.36 gain by adding another C$0.15 to close at C$1.56. News is spreading on the size potential of its Golden Saddle zone at the White Gold property that recently returned 3.39 grams gold per tonne over 104 metres.

San Gold continued to turn out the numbers from its Hinge zone in Manitoba. The latest included 37 grams gold per tonne over 3.9 metres. San Gold closed up C$0.08 at C$2.44.

Cash rich Raytec Metals inked a farm-out agreement with Africa Oil to earn into the production sharing contracts in both the state of Puntland, Somalia, and the Republic of Kenya. In Somalia, Africa Oil will transfer a 25-per-cent licence interest to Raytec in the Nogal and Dharoor petroleum production sharing agreements, while in Kenya, Africa Oil will transfer a 10-per-cent interest in the block 9 production sharing agreement and a 25-per-cent licence interest in its other interests in Kenya. Raytec was halted from trading prior to the news at C$0.37.

The markets are back rocking, with the junior board breaching the 1,100 point mark. We shall see what Friday trading has in store


Source: Resource Stock Roundup:Friday, May 29th, 2009

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