ECU Silver (ECU.to) up 9.5% at $0.69 as yet again the market proves it’s full of saps that will buyabsolutely anything. I can’t wait for the 3q09 earnings report guys! Only another $2.31 to go before the losers at GATA are saved from its half priced 2010 bonanza.
Ecometals (EC.v) down 3.6% at $0.40. Well there’s a thing…on a day like today, too. Hoodathunkit.
Rusoro (RML.v) up 3.4% at $0.455 which is by no means the biggest mover of the day, but the two million shares traded really grabs the attention. Regular reader (and all-round smart dude) RB wrote in today and said (extracted):
You have posted lately that the Parallel rate is dropping. I thought that this may have a positive effect on RML’s bottom line if I am correct in my theory about exchange rates
I agree, RB. The lower parallel rate should (repeat ‘should’) mean that RML suffers a lower discount to spot than in 2q09 (when it ran at a whopping 34%). We’re looking for something in the 15% to 18% to give RMl some sexy bottom line numbers. For sure the Venezuela exposure makes it not everyone’s cup of tea, but it’s way way cheap at today’s PPS. DYODD.