Gold Resource Corp (GORO.ob) up 8% at U$3.75. If I owned this thing I’d be sorely tempted to sell a few here. I know that when a gold stock gets fashionable it can run hard and fast, but the way I see its fundamentals I’d call it as ‘getting ahead of itself’ right now. In my worldview if an OB stock offers you a tasty profit, you take it.
Cosan (CZZ) now up 16% at $3.48 and has dropped back somewhat from the early morning peak registed in an earlier post. Hey, I’ll take a 16% gain with a big smile on my face any day, no worries. The plan is to hold this position for three months minimum, so right now I’m happy to be on the right side of the trade, no more. Plenty of time to watch the story unfold yet.
Troy Resources (TRY.to) up 23% at $0.90. Thanks to the six people (so far) that have ordered the report. FWIW, if today’s Canada trading equalled last night’s Australia price, TRY.to should be at around $0.80. On the other hand, it’s been so erratic recently and the bid/ask spread is wide apart, so anything could happen (and probably will). The reports will be with you very shortly, people, but I’m looking to sell at least 10 copies to make it worth my while. Any more takers?
Exeter Resources (XRC.v) up 23% at $2.23. Is it time I reviewed my bearish outlook about XRC? I know that the Chile project is hateful and trying to make itself to be something that it isn’t (namely commercially viable). I know that the Mendoza project is a rabid dog with fleas thanks to the local politics. But the recent drill results from the southern Argentina Cerro Moro project were nothing short of excellent and must be the reason for the recent pick up in share price. I took long, hard stares at the drill returns and there was no way round the fact that the truth machine is flashing green lights here. What’s more it seems there is plenty of blue sky room to come from the vein system. Just a pity that the company chairman is such a dick and insists on running the hype machine. XRC.v is now on my “must swallow pride and look again properly” list.