Take physic, pomp

Trading Post (the future is now edition)

Malaga (MLG.to) up 30% at $0.17, though volumes low. MLG.to is scheduled to publish its delayed 43-101 resoruce estimate of its Pasto Bueno tungsten mine in North Peru. It’s one to keep an eye on here, as if it closes at $17c it’ll be the first time since early October. Also i’ll be an interested reader of its Year-end report when it hits, as the new power generation infrastructure is supposed to cut costs significantly. Disclosure: I don’t own right now but I’ve traded it before at these pennycrapper levels. I also think it has more solid fundies than most imagine.

Southern Peru (PCU) up 4% at $15.20 and refuses to go away, even with the drop in copper. This is part of my LT portfolio and I’ve done very well on it, even though it dropped from the stratosphere last year with me on board. Hell, LT portfolios are like that. I like the Peruvian management a lot, the Mexicans less so. Proof of that is the rumour that PCU’s Peruvian bosses are about to defer advancing its Tia Maria copper project against the wishes of Twobreakfasts.

Northern Freegold Resources (NFR.v) up 12% at $0.65. Not my geographical area at all, but this is getting a mention because a very good geologist that Otto can call a friend e-mailed this morning waxing lyrical about the drill results just published by the company. When people who know about rocks write what this guy wrote to me, I sit up and pay attention. DYODD, dude. Good volume today.

Nadagold down 3% at $3.42. Woof woof scratch scratch. I’m still short.

Dynasty Metals (DMM.to) up 3.5% at $4.63, and along with Troy making my trading portfolio a fun thing to look at today. Low volumes are the downside.

Leave a Reply

Your email address will not be published. Required fields are marked *

Hello, you are not in a chatroom, you are in my living room. Opposing views and criticisms welcome, insults or urinating on furniture unwelcome. Please refrain from swearing if possible, it is not needed.