Thursday, February 22, 2007
The trading action in Candente Resource Corp. (DNT.TO) over the past couple of days has been remarkable, with a 33% gain yesterday and another ~10% more today . While the charts were supportive of the notion that the potential for a breakout was there, they did not indicate the magnitude of the rally that is now underway.
The only news released by the company yesterday is that shares have begun trading on the Peruvian Stock Exchange. Daily volume of over 4MM shares yesterday was an all-time record for the stock. So it seems reasonable to speculate that at least part of what occured yesterday was a wholesale transfer of ownership in the company from North American to Peruvian investors.
Monday, February 12, 2007
Well, we're not quite there yet, but I believe we are on our way. Some items worth mentioning...
- sxr Uranium One (SXR.TO) announced today that it is making an all-stock offer for UrAsia (UUU.V). UrAsia has properties in Kazakhstan, the combined entity will be called Uranium One, Inc.
- The folks at StockInterview.com are having a hard time keeping up with demand for their book coming from Amazon.com. They recently made six separate shipments to Amazon within a month's time and each shipment was sold out before it even arrived at Amazon. The book sales have become a new metric for measuring this bull market and provide fascinating insights into the demographics of the participants in this market.
- There are a number of blogs that have sprouted up that are dedicated to the uranium market. It's probably worthy of a dedicated post on the subject, but one of the ones that I came across this weekend is worth a look.