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11/3/11

Mining PRs and the Ottotrans™, Part 48


Our occasional series of mine-babble translation and explanation picks up on the NR out of Argentex Mining (ATX.v) this morning:

This is what it said:

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 3, 2011) - Argentex Mining Corporation ("Argentex" or the "Company") (TSX VENTURE:ATX)(OTCBB:AGXMF) is pleased to release additional drill results from its 2011 exploration program at the Pinguino project, located in Santa Cruz province, Argentina. In addition, Argentex desires to comment on the recent spike in the trading volume of its stock on both the OTC BB and the TSX Venture Exchange.
Market Comment
The Company knows of no reason for the recent spike in trading volume of its common shares. As a result of its August 19, 2011 financing, the company has in excess of $10 million in cash and short-term investments and is not aware of any unannounced information that may have caused this spike.
Corporate Update
Argentex continues to yada yada continues here

And this is what it means:
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 3, 2011) - Argentex Mining Corporation ("Argentex" or the "Company") (TSX VENTURE:ATX)(OTCBB:AGXMF) is pleased to release additional drill results from its 2011 exploration program at the Pinguino project, located in Santa Cruz province, Argentina. In addition, Argentex desires to comment on the recent spike in the trading volume of its stock on both the OTC BB and the TSX Venture Exchange.

Market Comment
The Company has had the holy crap beaten out of its share price. We don't know why we've had the holy crap beaten of our price, but we can't possibly mention the badass price drop so we'll just talk all coy about volume instead.

Corporate Update
Argentex continues to yada yada continues here