Contrarian Stock Market Investing News - Featuring Bargain Stocks » StrataGold 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: Thursday, February 12th, 2009 http://www.contrarianprofits.com/articles/resource-stock-roundup-thursday-february-12th-2009/13552 http://www.contrarianprofits.com/articles/resource-stock-roundup-thursday-february-12th-2009/13552#comments Thu, 12 Feb 2009 19:45:51 +0000 Doug Casey http://www.contrarianprofits.com/?p=13552 The gold guys continued to be the best performers during Wednesday trading on the Canadian markets as the price of bullion broke out to the upside. For the tale of the tape, the TSX Exchange dropped 0.91%, while the TSX Gold Index surged 7.5% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added 1.02% with the advancing issuers edging out the decliners by a 405 to 343 margin on 163 million shares traded.

Merger mania is going full tilt with the latest marriage proposal being Victoria Gold’s all-share offer for StrataGold. Victoria is offering up 0.1249 of its shares for each StrataGold share held. The move would give Nevada focused Victoria the Dublin Gulch gold deposit in the Yukon. Victoria ended…

]]> The gold guys continued to be the best performers during Wednesday trading on the Canadian markets as the price of bullion broke out to the upside. For the tale of the tape, the TSX Exchange dropped 0.91%, while the TSX Gold Index surged 7.5% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added 1.02% with the advancing issuers edging out the decliners by a 405 to 343 margin on 163 million shares traded.

Merger mania is going full tilt with the latest marriage proposal being Victoria Gold’s all-share offer for StrataGold. Victoria is offering up 0.1249 of its shares for each StrataGold share held. The move would give Nevada focused Victoria the Dublin Gulch gold deposit in the Yukon. Victoria ended the day up C$0.01 at C$0.39, while StrataGold added C$0.01 at C$0.05.

Rubicon Minerals (AMEX:RBY) cut 173.7 grams gold per tonne over 2.5 metres at its Phoenix gold project in the Red Lake camp of Ontario. Rubicon ended the day up C$0.20 at C$1.73.

Not to be outdone, Colossus Mineral tagged 406.4 grams gold, 98.4 grams platinum and 115 grams palladium over 7.88 metres at its Serra Pelada project in Brazil. Colossus added C$0.78 to close at C$2.38.

Agrium (NYSE:AGU), North America’s third-largest fertilizer producer by market value, posted a fourth quarter profit of $124 million or $0.79 per share, down from the $172 million or $1.24 per share tabled in the same period a year earlier. However over the year Agrium, which ended the day up C$1.20 at C$47.21, posted record profits.

A stock to watch is Kinbauri Gold. The company’s shares were halted from trading at C$0.47 pending news. Kinbauri holds the advanced El Valle/Carles project in northwestern Spain and has been seeking strategic alternatives to move the project towards production.

Right now it is all about gold and nothing else. We will see what Thursday trading has in store.

Source: Resource Stock Roundup: Thursday, February 12th, 2009

]]> http://www.contrarianprofits.com/articles/resource-stock-roundup-thursday-february-12th-2009/13552/feed 0 Resource Stock Roundup: Thursday, January 15th, 2009 http://www.contrarianprofits.com/articles/resource-stock-roundup-thursday-january-15th-2009/11584 http://www.contrarianprofits.com/articles/resource-stock-roundup-thursday-january-15th-2009/11584#comments Thu, 15 Jan 2009 20:10:08 +0000 Doug Casey http://www.contrarianprofits.com/?p=11584 It was another sea of red during Wednesday trading on the Canadian Markets, with resource-related stocks hit hard thanks to more bad news on the global economic front. For the tale of the tape, the TSX Exchange fell 3.05%, while the TSX Gold Index dropped 2.8% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, gave back 2.23%, with the declining issuers edging out the advancers by a 461 to 268 margin on volume of 155 million shares traded.

Northern Freegold Resources continues to tag some nice numbers at its Nucleus zone on the Freegold Mountain project in the Yukon. The latest included 92.74 grams gold per tonne over 1.23 metres. Northern ended the session up C$0.07 at C$0.26.

Brilliant Mining tabled a…

]]> It was another sea of red during Wednesday trading on the Canadian Markets, with resource-related stocks hit hard thanks to more bad news on the global economic front. For the tale of the tape, the TSX Exchange fell 3.05%, while the TSX Gold Index dropped 2.8% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, gave back 2.23%, with the declining issuers edging out the advancers by a 461 to 268 margin on volume of 155 million shares traded.

Northern Freegold Resources continues to tag some nice numbers at its Nucleus zone on the Freegold Mountain project in the Yukon. The latest included 92.74 grams gold per tonne over 1.23 metres. Northern ended the session up C$0.07 at C$0.26.

Brilliant Mining tabled a 39 per cent jump in indicated resources at its 25 per cent owned Lanfranchi mine in Western Australia. The tally now sits at 2.44 million tonnes grading 2.93 per cent nickel. Brilliant ended the day up C$0.03 at C$0.23.

StrataGold added C$0.045 to close at C$0.075 after reporting that its Dublin Gulch Eagle zone in the Yukon holds an indicated resource of 2.69 million ounces of gold.

Moving to Venzuela, Rusoro Mining posted record quarterly gold production of 38,868 ounces of gold from its Choco 10 operations in the fourth quarter of 2008. Rusoro ended the day up C$0.05 at C$0.65.

The equity losses are starting to mount for 2009 and we are only in the second full week of trading. No light at the end of the bad economic news tunnel, and even good exploration results are generally being ignored. We will see what Thursday trading has in store.

Source: Resource Stock Roundup: Thursday, January 15th, 2009

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