IKN

Take physic, pomp

Trading Post (permission edition)

Gold Resource Corp (GORO.ob) up 12.6% at U$5.44 on good volumes today and up 30% or so since Wednesday’s close. The reason is that GORO has finally got possession of its long-delayed permit to get mining from the Mexican government. Long time GORO holder Monty High over at WorldofWallSt will be a happy camper today, for sure. Waddya me think? Me think take profits.

Aura Silver (AUU.v) up 185% at $0.27 and doing tons of volume (4.4m shares and counting). The world is now trying to work out whether it’s a buy at this level. I don’t have a clue, personally. DYODD, dude.

Fortuna Silver (FVI.v) up 0.9% at $1.11. FVI rushed up yesterday afternoon to this level and apart from an early morning pop to $1.18 has looked pretty steady here. Silver dropping today has bummed its revaluation a bit, but no matter; the stock’s had a great week on good fundy news. Gotta like that. Volumes still doing fine, which is another reason to like this week.

Minera Andes (MAI.to) down 1.5% at $0.65 on avg vols and back under the iceberg. General metals malaise stopped this rebound in its tracks, too. Looking forward to the earnings report Chez Otto. Long here.

Dynasty (DMM.to) down 6.1% at $3.08 on low volumes and getting to revisit this week’s lows again…nearly. Will I bore you too much if I say “patience needed?”. Yeah, thought it would grate on yaz.

Cosan (CZZ) up 1% at U$8.00. CZZ’s record earnings got themselves a nice blaring headline this morning (R$337m) but I wasn’t too impressed personally. Net margins of 9.5% aren’t that fabbo, considering where sugar is right now. Big debt load, too. More important this time around will be the next crop report from South Brazil. The stock’s had a great run and it’s probably time to cash in if long.

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