Take physic, pomp

Trading Post (nothing but flowers edition)

I’ve been listening to ‘Naked’ by Talking Heads this morning. Great album, wholly underrated.

Sacre-Coeur Minerals (SCM.v) down 7.1% at $0.65, but despite the low volume drop today this stock has been the subject of a back’n’forth between your humble correspondent and a smart investor reader. The consensus is that recent share price action has been pretty bullish and augurs well for the fate of the soon-to-be-closed financing round. Worth a good, hard look at 65c.

Fortuna Silver (FVI.v) down 4.2% at $0.91 and piffling volume. This story is pretty much a microcosm of the whole sector today; dropping on low volumes as the players watch gold and try to decide whether this drop is the whole thing or just the appetizer. For me there’s more drop to come, especially in copper, but WTFDIK anyway? The best way forward is to buy decent, fundamentally strong companies like FVI…then you just don’t have to guess so much.

Exeter Resources (XRC.v) (XRA) down 2.7% at C$2.84 and the company impressed precisely nobody today with its middling drill results PR from the Argentine Cerro Moro project. This is kind of a pity, because unlike that BS promo job in the Chilean Andes pumped by the Zeds, Cerro Moro does actually have a chance of becoming a mine one of these days.

Troy Resources (TRY.to) down 3.9% at $1.25 on….yes you guessed it…low volumes. This despite some strong news out of the company last night about the Casposo project. Here’s the link to find out the details about the 32% resource increase on the site. Very good looking company and the Aussie stock performed well on good volume after the news hit in the dead of our night. But don’t expect the knuckleheads in the Canadian brokerages to tell you….probably jealous, that’s all.

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