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2/12/15

Rio Alto (RIO.to) (RIOM) and Tahoe Resources (TAHO) (THO.to) update

I know there are a lot of people watching either this chart...


...or their preferred variant of it, trying to work out what's going on and doing the general tea leaf reading thing. Fact is, to this point the arb has stayed fairly steady and the two equities have traded within 2% or each other, normal SD. The market isn't telling us much about the potential for a third party interloper, but yesterday's counter-current action, in which both stocks beat out the gold price drop and moved higher in the afternoon, had the look of insto buyers positioning into the Next New Big Thing in the tier 1 tier 2 PM space.

Bottom line: It's still early days in this one, we await to see whether more chapters are written in a thriller or it stays as a short story. And fwiw subbers, you haven't received a further update since Monday morning because the call in that one remains 100% in place. Do Not Complicate Your Life.

The Moving Finger writes; and, having writ,
Moves on: nor all thy Piety nor Wit,
Shall lure it back to cancel half a Line,
Nor all thy Tears wash out a Word of it.