Teuton strong close on good volume
TUO has been strong all summer.. cant wait to see what the drill has to say!
some big trades today .. fidelity bought another 100K today..
clsoing depth
# Orders | Shares | Bid | Ask | Shares | # Orders |
1 | 11000 | 0.640 | 0.710 | 6500 | 2 |
1 | 5000 | 0.630 | 0.720 | 24000 | 3 |
1 | 1000 | 0.620 | 0.750 | 30000 | 2 |
6 | 30000 | 0.600 | 0.760 | 3500 | 2 |
1 | 4000 | 0.530 | 0.780 | 2000 | 1 |
It’s bargain hunting time folks!
http://www.kitco.com/ind/Resopp/aug112011.html
Aug 11 2011 3:29PM
Bargain Hunting
Shares of metal companies do not yet reflect the big gains in metal prices
Theunprecedentedlevel of uncertainty in Europe and in America has led tobig gains inthe prices of gold and silver. However, those gains in thebullion priceshave not yet been reflected in share prices of gold andsilvercompanies. Over the past few months, investors have sought a safehavenin the form of bullion. While precious metal prices are higher,thecompanies in the sector have seen declines in price – a veryunusualsituation.
Almost certainly, the American debt situationand theEuropean situation will see some near-term resolution. However,it ismost likely that investors will remain wary and therefore the goldpricewill continue to show strength.
The summer is usually a quiet period for companies in the mining sector and that has added to the downtrend in the share prices.
Beforelong,investors will recognize the anomaly between bullion prices andshareprices. Firstly, companies that are producing precious metalsaregenerating substantial amounts of cash flow. Secondly, and perhapsmoreimportantly, the large producers have generated large amounts ofcashand are seeking to expand their mining businesses. Companies withmetaldeposits are takeover targets for the producers with cash.Takeoveroffers in the sector will lead to a re-rating for similarcompanies.
Share prices have already started to rebound. This is an excellent time to be bargain hunting.
Lawrence Roulston
http://www.resourceopportunities.com
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