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Gold/Mining/Energy : DISCOVERY BOARD ~ PRECIOUS METALS ENERGY URANIUM OIL -- Ignore unavailable to you. Want to Upgrade?


To: PaperPerson who wrote (4250)8/17/2011 11:11:55 AM
From: PaperPerson  Read Replies (1) | Respond to of 4690
 
Back in the saddle on CRJ warrants

last trade tuesday 70 cents. now 85 cents.

they tend to do ziggy moves like this because they are so illiquid.
on tuesday, somebody probably just wanted to dump 1000 or two and took the hit at 70 cents.

today folks want the warrants because the stock is suddenly on a tear on news that they found a fresh high grade gold zone at seabee that looks like it is accesible from current underground system.

re daily chart, on balance volume still needs a tuneup but the rest of this week should take care of that.
volume is heavier than usual and it is to the upside.
the stock did just break through its previously lethargic 50-day moving average at c1.80.

last trade 1.85 up 21 cents. volume around 800,000. lookin' good for this fall!!!

stockcharts.com



To: PaperPerson who wrote (4250)8/17/2011 11:15:58 AM
From: PaperPerson  Respond to of 4690
 
Reuters picked up on the Claude gold discovery, which is nice.

Claude Resources climbs on gold discovery

Wed Aug 17, 2011 10:22am EDT

(Reuters) - Shares of Claude Resources Inc rose as much as 11 percent after the Canadian mineral explorer said it discovered a new high-grade gold zone at its Seabee mine in northeastern Saskatchewan.

On Wednesday, the company said it will start mining the L62 zone in 2012 to ramp up production at the Seabee mine as the new zone is located about 300 metres away from the main mine facility.

"We have mobilized two underground drills on the L62 Zone at Seabee and are looking to add a third drill to explore and define the L62 Zone and other near mine targets," said Philip Ng, senior vice-president, mining operations.

Claude Resources expects to drill about 86,500 metres at the mine in 2011.

Shares of the Saskatoon-based company were up 15 Canadian cents, or 9 percent, at C$1.79 in morning trading on the Toronto Stock Exchange. They touched a three-week high of C$1.82 earlier in the session