Take physic, pomp

Trading Post

Mag Silver (MVG) (MAG.to) up 12% in the US and 13% in Canada. There was this news yesterday about new finds (that didn’t really surprise anyone) but why should it be travelling hard and high on good (but not great) volumes today? Is Fresnillo about to sweeten the bid? I honestly don’t have a clue.

Troy Resources (TRY.to) refuses to go under $0.90 (which is where I want to buy it). Buy now at 0.91/0.92 or wait a while longer? Which wrong decision do I make this time……..?

Coastport Capital (CPP.v) is a leetle leeetle springer that has caught the corner of my eye for the last three days. Now at $0.045 and coughing and spluttering its way back up from the 2c doghouse. Ecuador exposure is the key to this stock so regular readers will understand why it’s recovering. I have never owned or reco’d the stock, FWIW. Not reco’ing it now, either. Just saying it’s caught my eye, so DYODD.

Corriente Resources (CTQ.to) (ETQ) at C$4.11 right now. I’d like to be positive about CTQ and it’s been getting a bounce off next week’s Ecuador mining law second debate, but it looks as though a lot of the expectation is now baked in to the price. It was a buy a few weeks ago under $3 but I was all wishy-washy then as well, so WTFDIK anyway? I know lots of people like this stock but I also know there’s a lot bunch of cheaper copper plays in LatAm right now, cash at bank or no cash at bank. Jeesh, what a pathetic fence-sitter I am.

Rusoro (RML.v) down 8% at $0.66 today, taking a breather from the big run-up we’ve seen recently. Watch this space for news on RML, people. Otto’s got a surprise up his sleeve.

Cosan (CZZ) down 3%. It went under $4 but has popped back up nicely and is behaving very well considering yesterday’s big move and today’s broad market weakness. Me own and me likey.

Update: CZZ now green at $4.23. I know a winner when I see one and I’m looking at one right now.

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