IMA Exploration (IMR.v) down 9.1% at $0.30. This now looks great value on the proposed merger with KBX.v and IBX.v. If the deal goes through pro-rata to working capital IMR is now trading at around 70% net cash, which gives lots of leeway for the finer details of the fusion. Limited downside and potential 20% quick gain? Yep, I’ll go for that. DYODD.
Rusoro (RML.v) up 3.8% at $0.415 and Roy Carson is an asshole. If Agapov thinks the kind of bullshit published yesterday is the way to run a company I’m outta here once and for all.
Fronteer (FRG) down 4% at U$3.56 and gotta say I saw it coming. FRG has banged its head trying to get thru $4 once too often. We really like the stock (ever since being aimed this way by Gary Biiwii) and have all the time in the world for it but have shaved a little more off holdings this week. Just a little. DYODD.
ECU Silver (ECU.to) down 5.4% at $0.53. Yeah I know the whole silver complex is down today….I’m just mentioning ECU.to to be petty, ok?