start here

start here

The Daily IKN email digest, get all daily posts sent to you next day (& no ads)

I say things on Twitter

8/24/11

Rio Alto Mining (RIO.v): Just in case you were wondering...

...why Rio Alto Mining (RIO.v) has been hanging tough and shaking off the gold price downturn today (it's actually green on the day), the likely reason is that Ian Parkinson of CIBC World Markets (along with assistant Matthew Gibson) published an opening of coverage report on the company yesterday after the bell, called RIO.v as a buy and stuck a $3.80 target on the thing. I've read the report and must say it's a very well written and strongly constructed argument too, so kudos to Parkinson.

Just so you know. DYODD dude, cos I'm long this one.

UPDATE (post closing bell): What? You'd like to read it too? Ok, here you go, download a copy and knock yourself out.