drowsy syrups of the world

Results season

The 1q09 results are coming in among the miners. Here are a couple that caught my eye.

1) New Gold (NGD) which has always been a bit of an underachiever, put in a nice quarter and beat all estimates (including my own, and by some way) by posting a 6c EPS. However that total includes a $10.1m one time gain on a bond (well, secured notes to be exact) buyback. The fusion with WGW is on track. NGD popped 10% yesterday and has its CC this morning.

2) Amerigo Resources (ARG.to) posted a $4.78m loss for 1q09 that isn’t a surprise to anyone, but is guiding positively for the rest of the year. This will be good news for at least one regular reader of IKN (hi “A” :-).

In The IKN Weekly this weekend I’ll be including a NOBS report on New Gold (NGD), bang up to date and including analysis of the latest quarter. Another reason to come aboard if you haven’t already. So if you feel like taking a flyer and risking U$25 on a month’s subscription the button’s over there on the right of the page. Remember that if you do and decide it’s not for you after a month, the unsubscribe is quick, easy and no quibble. The last thing I’m going to do is trap you into a service that you don’t want.

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