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Trading Post (vote of confidence edition)

MAG Silver (MAG.to) (MVG) down 0.7% at C$5.80 and the insider selling continues.

Jun 08/09 Jun 04/09 Jones, R. Michael Direct Ownership Common Shares 10 – Disposition in the public market -2,000 $5.960
Jun 08/09 Jun 02/09 Jones, R. Michael Direct Ownership Common Shares 10 – Disposition in the public market -5,000 $6.250
Jun 08/09 Jun 01/09 Jones, R. Michael Direct Ownership Common Shares 10 – Disposition in the public market -5,000 $6.300
Jun 08/09 May 29/09 Jones, R. Michael Direct Ownership Common Shares 10 – Disposition in the public market -25,000 $6.150
Jun 08/09 May 29/09 Jones, R. Michael Direct Ownership Common Shares 10 – Disposition in the public market -5,000 $6.200
How is anyone supposed to believe a BoD that says “buy our stock…it’s cheap!” when the very same people have spend the last four weeks selling their holdings into the market.

Amerigo Resoures (ARG.to) up 2.5% at $0.405. ARG.to is holding its own in this market now. I get the feeling that the worst is over for the stock and reports suggest lowering cash costs (and royalties dropping, of course) that will see the company through 2009 with no further surprises….copper permitting of course. I used to own and I like mgmt.

Rusoro (RML.v) up 6.3% at $0.51 and hey wow!, I’ve finally broken the surface on this trade and running a small paper profit. Patience is a virtue (as long as I get mine right now).

GLG Life Tech (GLG.to) up 6.9% at $2.34. I know nothing about stevia zero calorie sweeteners and not that much about China, either. But Some kind dude has pointed this stock out to me twice now and today I spent 15 minutes looking at the books and the investor presentation. I gotta say it looks quite good on a first pass. I don’t own and as it’s so out of my way sector-wise I doubt if I ever will, but good growth prospects for sure. DYODD.

Candente Resources (DNT.to) up 14% at $0.65 and continues to rally well. Ever since the PM spinoff was announced DNT has been gathering momentum. In the last few weeks very good volumes traded in Lima of this stock, too.

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