IKN

Thy sin’s not accidental

Trading Post (results driven edition)

Stocks with newsflow this morning.

Rusoro (RML.v) up 9.1% at $0.42 on a nice earnings report. Gold sold was lower than produced, but the mines are clearly working very nicely as cash costs drop yet again and production hits a quarterly record. Note to subscribers, there are a few things we’ll be going over about this quarterly report on Sunday. Nothing urgent.

Pediment (PEZ.to) down a penny at $0.79. PEZ.to came out with this news on its San Antonio property today, upping the resource and saying nice things. The headlines didn’t grab the attention of the market but the news was positive enough. There’s one other issue that we’ll look at in next week’s Weekly. It can wait til then, though.

Minera Andes (MAI.to) up 6.1% at 70c on good volumes. The news was yesterday and not today, but after sleeping on it Mr. Market now likes the stock. So be it.

Guyana Goldfields (GUY.to) up 2.4% at $4.65. After yesterday’s PA release, Cormark this morning put a $6.50 target on the stock and BMO maintained its ‘outperform’ rating on GUY.to. DYODD, dude.

Fronteer (FRG) down 1.4% at U$4.24 and was also subject of an analyst’s note this morning, with RBC upping its target a loonie to C$5.50 after listening to the Conference Call yesterday afternoon. Subscribers, check your inboxes.

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