midas info ...
ECU Silver jumped more than 10% to 32.5 cents Cdn.
"Sur American Gold Corporation (TSX VENTURE:SUR) is very pleased to advise that it has received "bonanza" gold values of 781.5 g/t and 473.2 g/t gold from its on-going bulk sampling program at its Comval Gold Project, Mindanao, Philippines."
A little birdie out there tells me a significant short in J-Pacific Gold is likely to be squeezed before month end. JPN closed at 75 cents Cdn.
Samex Mining at $1.11 is 19 cents off its high made with gold $20 lower. Makes no sense!
Golden Star Resources has lagged of late as a result of their refinancing. None of us like dilution as it brings on share price pressure. However, they are needed to build companies. GSS now has $90 million in the bank, will begin work on their exploration sights and has money to add to their holdings if something comes along.
It is on its way to becoming a class mid-size gold producer. To do such one needs to build mines. They could go to a bullion bank, which would force them to hedge, or raise money privately. Would you rather have a little dilution at these price levels or have a company like Golden Star hedge a % of new production at these price levels as gold explodes towards $800 per ounce? Have to love the stock at $7.25. It’s headed for $21 per share, then $30.
How about that Roodeport Rocket! Durban Deep leaped 42 cents to $3.72, up 13%.