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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Veteran98 who wrote (201699)	7/28/2011 3:54:43 PM
From: dara	Read Replies (1) \| Respond to of 312875

Congrats! Looking around at charts, here's a pattern we don't see too often.

To: Veteran98 who wrote (201699)	7/28/2011 3:55:08 PM
From: roymario	Respond to of 312875

Nice!

To: Veteran98 who wrote (201699)	7/29/2011 12:15:19 PM
From: Veteran98	Read Replies (1) \| Respond to of 312875

RMX... Canaccord Morning Coffee... Rubicon Minerals* (RMX : TSX : $3.94), Net Change: 0.88, % Change: 28.76%, Volume: 6,595,728 Agnico-Eagle Mines* (AEM : TSX : $54.14), Net Change: -2.88, % Change: -5.05%, Volume: 1,469,222 It's your move…Rubicon soared on news that Agnico-Eagle is acquiring a 9.2% stake of Rubicon through a $70 million private placement. Under the terms of the deal, Agnico will buy about 21.7 million Rubicon shares for $3.23 per share, a 5.5% premium to Rubicon's closing price of $3.06 on Wednesday. Rubicon owns the Phoenix gold project in Red Lake, Ontario, one of Canada's most prolific gold producing districts, that is also home to Goldcorp's (G) Red Lake mine. "This really makes sense and ties right into our strategy," Agnico's Chief Executive Sean Boyd told Reuters. "We are going to continue this strategy going forward to try to identify and get more involved in things that may work down the road." Both parties have also agreed to negotiate a technical services agreement that will provide Rubicon Minerals access to Agnico's geological and engineering mining team to help advance Rubicon's high-grade Phoenix deposit in Red Lake. A Bay Street analyst commented that he is not surprised with the move as it is in line with the company's strategy. Agnico has taken an interest in Red lake Camp for some time; it previously had an equity interest in Gold Eagle, also located in the Red Lake camp. While interest from a major is certainly significant, the share price reaction seems to suggest the market is speculating that Goldcorp may respond to Agnico’s strategic purchase in its domain. Recall, Goldcorp did this a few years back when Agnico strategically invested in Gold Eagle(Bruce Channel deposit), ultimately it was hastily acquired by Goldcorp a few months later. Notably, Premier Gold (PG) also got a lift on Thursday as Red Lake came into focus. Premier's Marquis Property in Red Lake is a 49% interest in the Rahill- Bonanza Project, a joint venture with Red Lake Gold Mines, an affiliate of Goldcorp.