Contrarian Stock Market Investing News - Featuring Bargain Stocks » Uranium Deposit 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. Tue, 24 Nov 2009 15:03:47 +0000 http://wordpress.org/?v=2.8.5 en hourly 1 Resource Stock Roundup Tuesday, November 4, 2008 http://www.contrarianprofits.com/articles/resource-stock-roundup-tuesday-november-4-2008/7830 http://www.contrarianprofits.com/articles/resource-stock-roundup-tuesday-november-4-2008/7830#comments Tue, 04 Nov 2008 18:06:37 +0000 Doug Casey http://www.contrarianprofits.com/?p=7830 Despite more profit taking on the big board, the junior bourse made it five winning sessions in a row during Monday trading on the Canadian Markets. For the tale of the tape, the TSX Exchange lost 0.42%, while the TSX Gold Index fell 1.9% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added 2.22% with the advancing issuers swamping the decliners by a 429 to 351 margin on volume of 150 million shares traded.

Silver Wheaton posted a 5% jump in third-quarter profit to $20.2 million, or $0.08 per share. Silver sales tallied 2.7 million ounces at cash costs of $3.93 per ounce, down from 3.1 million in the same period a year earlier. The company lowered its 2008 sales…

]]> Despite more profit taking on the big board, the junior bourse made it five winning sessions in a row during Monday trading on the Canadian Markets. For the tale of the tape, the TSX Exchange lost 0.42%, while the TSX Gold Index fell 1.9% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added 2.22% with the advancing issuers swamping the decliners by a 429 to 351 margin on volume of 150 million shares traded.

Silver Wheaton posted a 5% jump in third-quarter profit to $20.2 million, or $0.08 per share. Silver sales tallied 2.7 million ounces at cash costs of $3.93 per ounce, down from 3.1 million in the same period a year earlier. The company lowered its 2008 sales projections to 11.4 million ounces, from 13-15 million ounces previously envisioned. Silver Wheaton ended the day up C$0.13 at C$4.33.

Rockwell Diamonds got its wish with Pala Investments Holdings pulling its hostile takeover offer for the diamond miner. Rockwell ended the day down C$0.075 at C$0.13.

Shares of GobiMin got a pop after the company announced the sale of three nickel-copper projects in China to Xinjiang Xinxin Mining Industry for a cool $87.5 million. GobiMin ended the day up C$0.24 at C$0.68.

Shares of Hathor Exploration continued to bounce off its recent lows by adding C$0.44 to close at C$2.24. The junior is outlining the MidWest NorthEast uranium deposit in Saskatchewan.

Goldsource Mines added C$0.45 to close at C$2.14 on no new developments. The company is working the Border coal property in Saskatchewan. High River Gold Mines continued to fall into the abyss. The financially plagued miner ended the day down C$0.04 at C$0.07.

The first trading day of November brought no surprises with traders awaiting the outcome of the United States Presidential election before placing big bets. We will see what Tuesday trading has in store.

Source: Resource Stock Roundup Tuesday, November 4, 2008

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