IKN

children of an idle brain

Trading Post (noxious gases edition)

Yesterday drops, today rebounds. Steady as she goes.
Fortuna Silver (FVI.to) up 4.0% at $3.35 and this stock is typical of many others’ action today. FVI did come out with a positive-looking update NR on the San José mine development today. Run the numbers to see how undervalued this company is once San José starts churning out the metal.
Bellhaven (BHV.v) down 5.7% at $0.50 with some anonymous seller keen on taking any price this morning. BHV had an enormous run until maybe three weeks ago, since when we’ve seen some correction. Notably, cashed up now after closing a 60c financing on Monday so 50c kind of catches the eye. All on the drill results from here, however. 
U.S. Silver (USA.v) up 12.5% at $0.495. The quarterly production numbers out after the bell last Friday were a big miss, but USA.v is fighting back well enough. Nice volumes traded, too.
Antares Minerals (ANM.v) up 0.6% at $6.58. I don’t care about the intraday stuff really, as ANM has made my week. Meanwhile, your humble scribe was asked via mail about the chances of a counterbid this morning. My personal opinion is 20% chance of one happening, so likely not but you never know and I’d be happy to be wrong on that call.
Dynasty (DMM.to) up 1.3% at $3.93 on low volumes. President Correa is in the area of DMM’s Zaruma mine today, but the reason is not so very pleasant. There are two dead bodies and two disappeared miners to be searched for. In some ways it’s fortunate that mining accidents are getting airtime, headlines and political attention these days, as it might stop some of them from happening in the future.

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