Wednesday, September 06, 2006

Crash Minerals?

Ouch. Cash Minerals announced results that were less than the market expected and the stock closed down 16.4%. Twenty-Seven Capital closed down 21.79%. Actually the results were not all that bad and it's possible the market will reconsider tomorrow. A conference call will offer the opportunity for questions and details. The haircut is a reminder why a basket approach is necessary in this sector...

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