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11/19/09

Trading Post (mining friendly edition)


Randall Oliphant was hilarious on BNN today with his argument that NGD works in mining friendly jurisdictions and whatever would make us mere mortals think otherwise. While we're on the subject, Otto reminds his fellow mere mortals the official reason Barrick gave when Oliphant was ousted as Pres and CEO of ABX back in 2003:
"The board made the change to address its concerns over the company's recent performance and to restore Barrick to the leadership position in the gold industry it has consistently maintained throughout much its existence"

No further comment necessary.



New Gold (NGD) (NGD.to) down 16.3% at U$3.64. We'll have more coverage on the story in IKN30.

Fortuna Silver (FVI.v) down 1.4% at $2.08 and off its lows of the day by a way. FVI holding up nicely here.

Endeavour Silver (EDR.to) down a penny at $3.84 and also off its lows. EDR has had a killer November and is already up 95c since the end of October on great volumes. Instos seem to have chosen this one as the way into small silvers.....good for EDR. I've always liked the stock but always preferred FVI, but that's just me. Certainly little or nothing to dislike here and a good, solid longer term business plan, too. A serious junior.

Riverside Resources (RRI.v) down 10.5% at $0.51 and suffering the low volumes syndrome once again. I was chatting with a smart stockmarket pal this morning on this one; we're both convinced this stock is on to a winner at Sugarloaf Peak. DYODD, dude.

Radius Gold (RDU.v) down 8.3% and also a victim of lack of volume. So be it. Not a trading vehicle anyway....it's here for the value merchants amongst us.

Nadagold (NG) down 3.5% at U$5.17. On the other hand, Nadagold is here just to laugh at.