a consummation devoutly to be wish'd

Trading Post (no sleep til brooklyn edition)

Minera Andes (MAI.to) up 6.5% at $0.82. We took a pretty detailed look at the production figures and expected earnings for MAI at its 49% owned San José mine in IKN64, two Sundays ago. This move from 75 to 82 isn’t coming as a surprise to this fundies dude. DYODD.

Nadagold (NG) up 3.2% at U$6.45. Today’s NR has Rick! doing some oh-so-clever stuff with $5.1m of his shares to avoid paying tax and for “estate planning purposes“. Regular reader ‘M’ just wrote in on the subject and put it well; “planning for his estate? The (expletive deleted) couldn’t plan an operating mine.”

Antares Minerals (ANM.v) up 2.6% at $2.75. The news from Xstrata yesterday was greeted with good cheer at ANM, but the stock hardly rocketed as the concept of Las Bambas going ahead had already been largely discounted by the market. Well screw the market, cos in the real world the news is a significant piece of the puzzle locked in place and a definite positive.

Dia Bras (DIB.v) up 2.3% at $0.22 and a bit of volume, which makes a change cos this stock has had a quiet week or two. DIB had more news on its Cusi project this morning and it looks fairly promising for next year, this one. DIB is a small stock that’s got serious about life since the late 08 showdown, got its act together and got professional in its way of operation. The downside is the heavy share count, but there are much worse 20c shoot-da-moons out there. Fundamentally strong company nowadays.

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