Contrarian Stock Market Investing News - Featuring Bargain Stocks » Shore Gold 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:Monday, January 26th, 2009 http://www.contrarianprofits.com/articles/resource-stock-roundupmonday-january-26th-2009/12248 http://www.contrarianprofits.com/articles/resource-stock-roundupmonday-january-26th-2009/12248#comments Mon, 26 Jan 2009 13:50:16 +0000 Doug Casey http://www.contrarianprofits.com/?p=12248 The bulls managed to beat down the bears during Friday trading on the Canadian Markets with the gold miners leading the charge higher. For the tale of the tape, the TSX Exchange tacked on 1.67%, while the TSX Gold Index surged 7.3% higher and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added 1.12% with the advancing issuers edging out the decliners by a 370 to 344 margin on 128 million shares traded.

The big news of the day was the Ontario Securities Commission’s ruling that HudBay Minerals has to give its shareholders a vote if it wants to complete a controversial merger with Lundin Mining (NYSE:LMC). The decision reverses the TSX position that HudBay did not require a shareholder vote.…

]]> The bulls managed to beat down the bears during Friday trading on the Canadian Markets with the gold miners leading the charge higher. For the tale of the tape, the TSX Exchange tacked on 1.67%, while the TSX Gold Index surged 7.3% higher and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added 1.12% with the advancing issuers edging out the decliners by a 370 to 344 margin on 128 million shares traded.

The big news of the day was the Ontario Securities Commission’s ruling that HudBay Minerals has to give its shareholders a vote if it wants to complete a controversial merger with Lundin Mining (NYSE:LMC). The decision reverses the TSX position that HudBay did not require a shareholder vote. HudBay ended the session up C$0.85 at C$4.37, while Lundin closed at C$0.92 for a C$0.27 loss.

Noront Resources cut 4.21% nickel, 2.14% copper, 0.35 grams platinum and 6.3 grams palladium per tonne over 28.8 metres at its Eagle One deposit in the McFaulds Lake area of northern Ontario. Noront ended the day down C$0.09 at C$1.15.

Shore Gold recovered 398.38 carats from 4,405.69 dry tonnes of kimberlite processed form its 60% owned Orion South kimberlite in the Fort a la Corne joint venture in Saskatchewan. Thirty-eight diamonds came in at more than one carat with the largest weighing in at 3.61 carats. Shore ended the day down C$0.015 at C$0.335.

On the gold front, Barrick Gold (NYSE:ABX) led the gold miners higher by adding C$4.09 to close at C$48.79.

The schizophrenic nature of the equity markets is continuing with big gains posted one day only to be followed by big losses the next. We will see what Monday trading has in store.


Source: Resource Stock Roundup:Monday, January 26th, 2009

]]> http://www.contrarianprofits.com/articles/resource-stock-roundupmonday-january-26th-2009/12248/feed 0 Resource Stock Roundup: Thursday, January 08th, 2009 http://www.contrarianprofits.com/articles/resource-stock-roundup-thursday-january-08th-2009/11113 http://www.contrarianprofits.com/articles/resource-stock-roundup-thursday-january-08th-2009/11113#comments Thu, 08 Jan 2009 19:41:11 +0000 Doug Casey http://www.contrarianprofits.com/?p=11113 After making gains the last six sessions, the Canadian Markets fell victim to profit taking during Wednesday trading. For the tale of the tape, the TSX Exchange lost 3.70%, while the TSX Gold Index gave back 7.3% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, dropped 2.76% with the declining issuers beating out the advancers by a 467 to 307 margin on volume of 161 million shares traded.

Crosshair Exploration & Mining (AMEX:CXZ) and Target Exploration & Mining have agreed to merge in a transaction that would see Target shareholders get 1.2 Crosshair shares for each target share. The move gives Target access to Crosshair’s cash, while Crosshair gets Target’s Wyoming uranium assets. Crosshair ended the session down C$0.05 at…

]]> After making gains the last six sessions, the Canadian Markets fell victim to profit taking during Wednesday trading. For the tale of the tape, the TSX Exchange lost 3.70%, while the TSX Gold Index gave back 7.3% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, dropped 2.76% with the declining issuers beating out the advancers by a 467 to 307 margin on volume of 161 million shares traded.

Crosshair Exploration & Mining (AMEX:CXZ) and Target Exploration & Mining have agreed to merge in a transaction that would see Target shareholders get 1.2 Crosshair shares for each target share. The move gives Target access to Crosshair’s cash, while Crosshair gets Target’s Wyoming uranium assets. Crosshair ended the session down C$0.05 at C$0.25, while Target added C$0.045 at C$0.225.

It was a rough day for Shore Gold as the company announced a reduced 2009 exploration budget of C$17.9 million for its diamond projects in Saskatchewan. Shore ended the day down C$0.13 at C$0.36.

Max Resource added C$0.07 to C$0.17 after reporting a 0.3 metre intercept running 8.2 gram gold per tonne at the Indata property in British Columbia.

More weak employment data out of the United States sent investors running for cover, and moving forward there is no light at the end of the gloomy economic tunnel. We will see what Thursday trading has in store.


Source: Resource Stock Roundup: Thursday, January 08th, 2009

]]> http://www.contrarianprofits.com/articles/resource-stock-roundup-thursday-january-08th-2009/11113/feed 0