| | Bottom-Fish Action Report for Week of October 25-31, 2009
Roubini and others making market nervous
The resource juniors were whipsawed badly last week by the action in senior equity markets which were up sharply one day on news that US GDP expanded 3.5% during Q3 of 2009, down sharply the next day, and up again on Friday. Nevertheless, the TSXV charts above reveal a bearish trend in the form of steadily declining volume, losers outnumbering gainers by the largest margin since July, and new lows spiking while new highs faded.
The Dow Jones Industrial Average is showing a rounding top, but the current one so far does not look much different than the five other rounding tops senior equities have exhibited since rebounding sharply from the low of early March. Resource junior speculators, mindful of the big crunch they suffered last year when Wall Street's house of cards fell down, are opting against heroism and taking profits before they disappear. Making them nervous are people like Nouriel Roubini, the economics professor who has made a name for himself as a crash-spotter. A week ago he enraged gold bugs through his Big Crash Coming Interview with Dave Nadig of Universe Index in which he argued that the combination of near zero interest rates, "quantitative easing", and the US government's willingness to buy yesterday's debt securities was creating an even bigger asset bubble, this time in equities and commodities. What annoyed gold bugs was his dismissal of gold as irrelevant except in situations of extreme inflation or an apocalyptic depression, neither of which he believes is on the horizon.
 |  |
On November 1 the Financial Times carried an article by Roubini titled "Mother of all carry trades faces an inevitable bust" in which he makes the case that the weaker dollar created by the easy money policy of the United States is fuelling a carry trade where the US dollar is shorted, with the proceeds being used to buy equities and commodities, which in turn reinforces the notion that the dollar is in a relentless downtrend. While a lower dollar will conceivably boost the American export economy, the threat this represents to other countries is encouraging similar easy money policies which feed asset inflation in their own economies. Roubini fears that one day the dollar's downtrend will undergo a sharp reversal which results in a massive short squeeze that collapses asset prices, pretty much as happened in 2008. And as we saw last year, gold and gold-related assets sagged along with other asset prices, leaving no safe haven except cash. But as the charts above show, the inverse relationship between gold and the dollar vanished during the past week, leaving one to wonder if perhaps gold is not the target of Roubini's carry trade. The interval where gold and the dollar are both trending up is still too short to constitute a new trend, but if it does persist, it will be bullish for gold stocks, for their ounces in the ground become more valuable when there is a real increase in the price of gold.
 |  |
Despite the decline in TSXV volume and a weakening TSXV Index our 2009 Bottom-Fish and Rare Earth indices halted their downtrend last week. We think the rare earth sector has likely bottomed and will resume an uptrend during the next two months, but we are not confident that the seasonal pullback is over for the juniors in general, and remain nervous that Roubini's asset bubble is not really as strong as he thinks it is, meaning that we may yet see a pre-emptive round of profit-taking on Wall Street that makes the latest rounding top much more definitive. On November 1 McClatchy Newspapers published the first of a series of articles resulting from a five month investigation into the financial crisis. In How Goldman secretly bet on the US housing crash Greg Gordon describes how Goldman Sachs cynically packaged and peddled subprime larded mortgage securities while loading up on credit default swaps cranked out by AIG's financial products division which the US government paid out in full value. This is not a new story. What is new is that this story has not gone away. And that may spell trouble for Wall Street.
| Above Bottom-Fish Range |
Within Bottom-Fish Range |
Below Bottom-Fish Range |
Recently Closed Out |
| Updated this Week |
New 2 Year High |
New 2 Year Low |
New Bottom-Fish High |
New Bottom-Fish Low |
Bottom-Fish Recommendations made from October 25, 2009 to October 31, 2009
| Company |
Date |
|
Price |
Recommendation |
Action |
Net
Cash |
Net
Stock |
Gain |
New Status |
| Realm Energy International Corp (RLM-V) |
10/26/2009 |
 |
$0.14 |
New BF MP Buy $0.30-$0.49 |
Adjust 10,000 SBI to 2,500 RLM |
$0 |
2,500 |
-65% |
BF MP Buy $0.30-$0.49 |
| Avalon Rare Metals Inc (AVL-T) |
10/28/2009 |
 |
$2.35 |
Confirm Good Absolute Spec Value Buy |
|
$0 |
568 |
33% |
Good Absolute Spec Value Buy @ $2.35 |
Bottom-Fish Action Report for October 25, 2009 to October 31, 2009
Spec Value Hunter Comment - October 27, 2009: Quest closes $6.3 million financing for Strange Lake project
 Quest Uranium Corp announced on October 27, 2009 that it had closed $6.3 million of its $2.30 private placement in the form of 2,737,456 units. Each unit consists of one share and a half warrant exercisable at $3.25 until April 27, 2011. This amount falls short of the $7 million Quest had announced on October 7, but in view of the general sell-off in the rare earth sector during October and the relentless attack on the Quest market by traders, closing this financing is quite a feat. October 27 is also the day when a private placement of 6,818,180 units at $0.22 done in June came free trading, and there has been considerable speculation that this timebomb would tank the Quest market. This financing, however, went to a fairly sophisticated group of investors which, in so far that any wished to take profits, likely sold whatever they wanted to sell while Quest was trading in the $3.00-$4.00 range before the $2.30 financing was announced. Of much greater concern has been the efforts by traders to collapse the financing by pressuring the stock price below the financing price, and in doing so stampede Quest shareholders into bailing out with a torrent of selling. The latter risk still exists, but with no ability to cover any shorts by picking up part of the financing, and the $0.22 paper in solid hands, the Quest market from here onwards is likely to be driven by the general mood about the rare earth sector rather than structural forces, as well as greater confidence that the BZone is indeed a world class discovery. The only other timebomb would be the 1,714,285 flow-through shares done at $0.35 with long term supporters of Mac Watson's Freewest group which comes free trading on November 18. This paper, however, is unlikely to come out before 2010 because selling it during the same year that it was bought wipes out the flow-through benefit, though, admittedly, this ceases to be a restraining factor when the stock price is up many multiples of the flow-through price. But at this stage the Freewest crowd has grasped that Strange Lake, in particular the BZone, is a major rare earth story with considerable upside potential. Assays are still pending for a dozen holes from the BZone, which Quest's Peter Cashin suggests he will release in batches of six during the next month. A recent batch of 5 holes released on October 15 indicated that another pegmatite horizon appears to exist beneath the holes announced earlier, but also indicated that the thickness of the enriched horizons thins toward the southeastern edge of the radiometric anomaly which also corresponds nicely with the surface sampling anomaly, only half of which was drilled during the 2009 summer season. The next batch of holes will be those drilled toward the southwest of the initial batch, with the last batch including holes toward the northeast where the zone remains open. Quest does not need to finance during the next six months, so the stock will trade largely on number crunching done on the BZone results and the general trend in the rare earth sector. My expectation is that the additional holes will support the hypothesis that the BZone is a world class rare earth deposit, and with the financing pressure gone, bottom-fishers and spec value hunters can afford to relax and let their positions ride, though they will be at least temporarily vulnerable to a general market downturn which we think will be of a seasonal nature.
Spec Value Hunter Comment - October 28, 2009: Avalon under pressure from converted special warrants
 Avalon Rare Metals Inc has fallen sharply during the past week due to a combination of factors which includes the October downtrend in the rare earth sector, the weakening of the general market, and the conversion of the special warant financing into free trading paper. Avalon raised $17 million at $2.30 per unit or flow-through share in early September through a special warrant bought deal that required Avalon to file a prospectus, which was done on October 9. Apparently it takes a couple weeks to get special warrants properly converted for resale, and this apparently happened last week while the company was in Washington DC for the Critical and Strategic Materials Conference. As a sponsor Avalon was fairly visible at the conference which was attended by a broad range of industry, government and military sector delegates. A surprise bonus for Avalon was a 9 member delegate team from the Northwest Territories of whom only 2 members had been sponsored by Avalon. This team, which included members of the various aboriginal groups that would be affected by the development of the Nechalacho (Thor Lake) project, had come to Washington on a fact-finding mission to see if rare earths are indeed a commodity group worthy of their support. It would be presumptious to speculate about their conclusions, but it is notable that local groups have taken the initiative to do their own homework, especially with regard to a project about which there is a history of suspicion in native circles and for which Avalon will need to secure a social license. None of this, of course, is going to reduce the pressure on Avalon's stock as institutional investors clip the warrant and flip the stock, which they probably will not do below the $2.30 financing price. In talking to various institutional players it has become apparent to me that while there is an intuitive sense that the rare earth sector will flourish, there is not a concrete understanding of its dynamics. The result is a very fickle institutional audience whose uncertainty is not helped by the mixed message delivered by groups such as Rick Rule and Casey Research who acknowledge that the rare earth sector is potentially important, but dismiss the existing rare earth juniors as over-priced bubble stocks. What they are really saying is that the rare earth sector woke up too quickly and they are not properly positioned in any of the major juniors, and need the sector to cool down while they nail down reasonably advanced rare earth stories for the shells in which they are properly positioned. So if there is any solace for bottom-fishers in the recent decline of the Rare Earth Index, it has to be in the likelihood that when Rare Earth Mania develops another leg, the quartet of the last four months will have swollen into a full-fledged symphony whose music will resound throughout the hall. Avalon expects to have its prefeasibility study done by the end of Q1 2010 and will be preparing to fund and operate a pilot plant demonstration of the metallurgical process it has worked out for the Basal Zone ore. That will be when Don Bubar expects the various Japanese entities which have been kicking the tires since Avalon acquired Thor Lake in 2005 to get serious about making an investment which enhances their ability to achieve security of supply for their rare earth needs. The arrival of end-users as significant investors in rare earth juniors will be a major turning point for this sector. Meanwhile Avalon hopes to have an updated 43-101 resource estimate done by the end of 2009 which includes this summer's drilling. Bubar does not expect an increase in the resource because this drilling was mainly of an infill nature, but does expect to see more tonnes shifted from the inferred to the indicated category and perhaps an improvement in grade. With regard to better grades Avalon plans to initiate an expansion drilling program during the winter at the southern limit of the deposit in the Long Lake area where the grade appears to be improving and the zone remains open. Avalon has about $20 million working capital and is sufficiently funded until the middle of 2010. Although we may see further market related declines during the tax loss selling season, and perhaps further profit taking by investors nervous about the big picture, we recommend that bottom-fishers and spec value hunters continue to hold 100% of their positions in what we regard as the most advanced and important publicly listed Canadian rare earth junior with exposure to the heavy rare earth elements.
Bottom-Fish Comment - October 29, 2009: SBI completes RTO of Realm Energy to become seeker of European shale gas plays
 Realm Energy Intl Corp was recommended as an extreme risk bottom-fish buy below $0.10 on December 29, 2008 when it was called SBI Skin Biology Inc. SBI had been involved in a fruitless skincare product marketing business from 1996 until 2003 when it was declared inactive. The insiders privatized the business in exchange for debt forgiveness and sold their control position to an anonymous group in May 2005, following which Richard Whittall and Rick Gill joined the board of the shell company. In 2007 Ian Telfer joined the advisory board and negotiated a somewhat puzzling RTO of Rob Washer's Dynasty Metals' Copper Duke project in May 2007 which would have left Dynasty with control of SBI. The goal was to exploit the Ecuador country play that had evolved in the wake of Aurelian's 14 million ounce Fruta del Norte gold discovery, but approval was slow in coming for the halted company. The RTO had still not closed by April 2008 when the Ecuadorean government declared a moratorium on mineral exploration while it rejigged the constitution and invented a new mining law. SBI cancelled the RTO and resumed trading below $0.10 with very little stock changing hands. Although SBI did not have a visible shareholder structure, and very little cash, we made the assumption that a big brand name like Ian Telfer would not have gotten involved with a poorly structured shell and accordingly made SBI an extreme risk buy below $0.10 bottom-fish recommendation. The stock was halted on May 15, 2009 for a reverse takeover of Realm Energy Intl Corp for 37,500,000 shares deemed at $0.25 from Ian Telfer and Craig Steinke who had formed the company in 2005 to research the shale gas potential of sedimentary basins outside of North America where development of shale gas fields had become a hot story thanks to new technology that faciliated the recovery of natural gas locked up in shale formations. After completing the acquisition SBI rolled back its stock 4:1, knocking the existing SBI shareholder base down to 6,045,747 shares and the Realm vendors to 9,375,000 shares. A small Toronto brokerage firm called Brant Securities Ltd then conducted a private placement of 17,500,000 shares at $0.10 (post-consolidated) with 35 parties that included 13 brokers from across Canada, some of whom qualify as heavy hitters. Normally when a bottom-fish does a rollback or a merger which involves a rollback we close out the position, but in the case of extreme risk shells below $0.10 such as SBI we pretty much expect a rollback as the price for a strong new story. Our assessment of the successor company Realm Energy is that it has been structured for a major speculation cycle that will be driven by the very accomplished team of Ian Telfer and Craig Steinke, and whose story involves identifying and acquiring shale gas prospects in Europe and other areas outside of North America. Telfer is well known as the dealmaker who turned a defunct gold junior called Wheaton River into a diversified gold producer through the acquisition of Mexico's Luismin, and then stickhandled the merger with Goldcorp which eventually merged with its rival Glamis Gold to become a major gold producer. Steinke has been involved with a number of energy plays including Spirit Energy, Storm Cat and Unbridled Energy. At this stage Realm consists of little more than a shopping list of shale gas prospects in Europe and elsewhere and the $1,750,000 raised as part of the RTO is mainly earmarked for management overhead. The company believes that its research efforts over the past couple of years into the geochemical nature of the shale formations in the known basins have given it an edge over the competition, in particular an academic multinational task force called GASH which launched itself in early 2009 with a Euro 6,250,000 budget. Realm's strategy is to secure exploration and development licenses from government bodies and fund their exploration by joint venturing the licenses to established natural gas producers. The success of Realm will hinge on the extent and timeliness with which it can secure licenses. From a story perspective Realm's hook is the European assumption that its conventional natural gas resources are insufficient for its needs, forcing Europe to enter natural gas supply contracts with Russia whose pricing is indexed to the price of crude oil. Western Europe's resulting dependency on Russia has exposed it to disruptions arising from disputes between Russia and former Soviet Bloc countries in eastern Europe through whom the gas pipelines pass. But just as the success of shale gas development in North America has contributed to a supply glut which has caused natural gas to remain cheap even while oil has rebounded, development and exploitation of Europe's shale gas potential, if such exists, could reduce the dependency on Russian natural gas and weaken the link to oil prices. Obviously the success of Realm and its competitors would have a negative impact on European natural gas prices, but facilitators of this process such as Realm would end up being taken out at a substantial premium to their current valuation. Realm has only 35,965,747 shares fully diluted of which declared insiders control 44% while the rest appears to be held by a small group of supporters. Because we think Realm will end up commanding a substantially higher stock price once it secures shale gas licenses, and because we think Realm has been structured with the right people to turn the company into a high profile play, we have adjusted the SBI recommendation to reflect the 4:1 rollback, which translates into a new post-rollback bottom-fish buy recommendation in the $0.30-$0.49 range. We have rated the priority "medium" because until the recent private placement comes free trading in February liquidity in the recommended range will be sporadic at best.
Top 10 Bottom-Fish Volume Traders
| Company |
|
Volume |
High |
Low |
Close |
Chg |
Status |
| Continental Precious Minerals Inc (CZQ-T) |
 |
3,811,500 |
$0.610 |
$0.510 |
$0.530 |
($0.070) |
BF MP Buy $0.30-$0.49 |
| Nevsun Resources Ltd (NSU-T) |
 |
3,544,500 |
$3.320 |
$2.640 |
$2.880 |
($0.370) |
Spec Cycle Hold 100% |
| Peregrine Diamonds Ltd (PGD-T) |
 |
3,333,500 |
$2.830 |
$2.120 |
$2.350 |
($0.370) |
BF TP Buy $0.30-$0.49 |
| Avalon Rare Metals Inc (AVL-T) |
|
3,210,000 |
$2.840 |
$2.270 |
$2.510 |
($0.310) |
Spec Cycle Hold 100% |
| MDN Inc (MDN-T) |
|
2,973,900 |
$0.660 |
$0.560 |
$0.580 |
($0.090) |
BF TP Buy $0.50-$0.75 |
| Western Lithium Canada Corp (WLC-V) |
|
2,785,100 |
$1.510 |
$1.280 |
$1.280 |
($0.080) |
BF MP Buy $0.10-$0.19 |
| Quest Uranium Corp (QUC-V) |
|
2,606,100 |
$2.090 |
$1.650 |
$1.770 |
($0.020) |
Spec Cycle Hold 100% |
| Wesdome Gold Mines Ltd (WDO-T) |
|
2,118,000 |
$2.050 |
$1.810 |
$2.030 |
$0.110 |
BF TP Buy $0.76-$1.00 |
| Creston Moly Corp (CMS-V) |
|
2,030,400 |
$0.260 |
$0.225 |
$0.230 |
($0.005) |
BF TP Buy $0.10-$0.19 |
| VMS Ventures Inc (VMS-V) |
|
1,960,000 |
$0.375 |
$0.315 |
$0.320 |
($0.055) |
BF MP Buy $0.20-$0.29 |
Top 10 Bottom-Fish Value Traders
| Company |
|
Value |
High |
Low |
Close |
Chg |
Status |
| Nevsun Resources Ltd (NSU-T) |
|
$10,370,515 |
$3.320 |
$2.640 |
$2.880 |
($0.370) |
Spec Cycle Hold 100% |
| Avalon Rare Metals Inc (AVL-T) |
|
$8,175,507 |
$2.840 |
$2.270 |
$2.510 |
($0.310) |
Spec Cycle Hold 100% |
| Peregrine Diamonds Ltd (PGD-T) |
|
$8,109,031 |
$2.830 |
$2.120 |
$2.350 |
($0.370) |
BF TP Buy $0.30-$0.49 |
| Quest Uranium Corp (QUC-V) |
|
$4,851,134 |
$2.090 |
$1.650 |
$1.770 |
($0.020) |
Spec Cycle Hold 100% |
| Wesdome Gold Mines Ltd (WDO-T) |
|
$4,169,787 |
$2.050 |
$1.810 |
$2.030 |
$0.110 |
BF TP Buy $0.76-$1.00 |
| Rare Element Resources Ltd (RES-V) |
|
$4,118,165 |
$3.300 |
$2.610 |
$2.960 |
($0.260) |
Spec Cycle Hold 100% |
| Western Lithium Canada Corp (WLC-V) |
|
$3,921,378 |
$1.510 |
$1.280 |
$1.280 |
($0.080) |
BF MP Buy $0.10-$0.19 |
| Continental Precious Minerals Inc (CZQ-T) |
|
$2,014,361 |
$0.610 |
$0.510 |
$0.530 |
($0.070) |
BF MP Buy $0.30-$0.49 |
| MDN Inc (MDN-T) |
|
$1,748,719 |
$0.660 |
$0.560 |
$0.580 |
($0.090) |
BF TP Buy $0.50-$0.75 |
| Ur-Energy Inc (URE-T) |
|
$1,657,695 |
$1.000 |
$0.870 |
$0.900 |
($0.100) |
BF MP Buy $0.50-$0.75 |
Top 10 Bottom-Fish Price Gainers
| Company |
|
Volume |
High |
Low |
Close |
Chg |
Status |
| Marathon PGM Corp (MAR-T) |
|
1,000,800 |
$1.280 |
$0.870 |
$1.100 |
$0.180 |
BF MP Buy $0.30-$0.49 |
| Dome Ventures Corp (DV.U-V) |
|
321,300 |
$0.470 |
$0.260 |
$0.450 |
$0.160 |
BF MP Buy $0.10-$0.19 |
| Wesdome Gold Mines Ltd (WDO-T) |
|
2,118,000 |
$2.050 |
$1.810 |
$2.030 |
$0.110 |
BF TP Buy $0.76-$1.00 |
| Metallic Ventures Gold Inc (MVG-T) |
|
1,073,600 |
$1.090 |
$0.950 |
$1.030 |
$0.100 |
BF MP Buy $0.30-$0.49 |
| James Bay Resources Ltd (JBR-V) |
 |
153,600 |
$0.470 |
$0.360 |
$0.450 |
$0.085 |
BF LP Buy $0.10-$0.19 |
| Mundoro Capital Inc (MUN-T) |
|
492,700 |
$0.710 |
$0.620 |
$0.700 |
$0.050 |
BF MP Buy $0.20-$0.29 |
| Helio Resource Corp (HRC-V) |
|
163,700 |
$0.650 |
$0.540 |
$0.600 |
$0.050 |
BF MP Buy $0.20-$0.29 |
| Nevgold Resource Corp (NDG-V) |
 |
1,000 |
$0.235 |
$0.235 |
$0.235 |
$0.040 |
BF XP Buy below $0.10 |
| Soltoro Ltd (SOL-V) |
|
643,500 |
$0.395 |
$0.330 |
$0.385 |
$0.035 |
BF XP Buy below $0.10 |
| Moss Lake Gold Mines Ltd (MOK-V) |
|
62,500 |
$0.265 |
$0.160 |
$0.265 |
$0.035 |
BF TP Buy $0.10-$0.19 |
Top 10 Bottom-Fish Price Percentage Gainers
| Company |
|
Volume |
High |
Low |
Close |
Chg |
Status |
| Dome Ventures Corp (DV.U-V) |
|
321,300 |
$0.470 |
$0.260 |
$0.450 |
55% |
BF MP Buy $0.10-$0.19 |
| James Bay Resources Ltd (JBR-V) |
|
153,600 |
$0.470 |
$0.360 |
$0.450 |
23% |
BF LP Buy $0.10-$0.19 |
| Nevgold Resource Corp (NDG-V) |
|
1,000 |
$0.235 |
$0.235 |
$0.235 |
21% |
BF XP Buy below $0.10 |
| Marathon PGM Corp (MAR-T) |
|
1,000,800 |
$1.280 |
$0.870 |
$1.100 |
20% |
BF MP Buy $0.30-$0.49 |
| Selwyn Resources Ltd (SWN-V) |
|
1,127,800 |
$0.155 |
$0.125 |
$0.150 |
15% |
BF XP Buy below $0.10 |
| Moss Lake Gold Mines Ltd (MOK-V) |
|
62,500 |
$0.265 |
$0.160 |
$0.265 |
15% |
BF TP Buy $0.10-$0.19 |
| Amanta Resources Ltd (AMH-V) |
|
172,500 |
$0.115 |
$0.085 |
$0.115 |
15% |
BF XP Buy below $0.10 |
| Metallic Ventures Gold Inc (MVG-T) |
|
1,073,600 |
$1.090 |
$0.950 |
$1.030 |
11% |
BF MP Buy $0.30-$0.49 |
| Soltoro Ltd (SOL-V) |
|
643,500 |
$0.395 |
$0.330 |
$0.385 |
10% |
BF XP Buy below $0.10 |
| Flagship Industries Inc (FII-V) |
|
87,500 |
$0.300 |
$0.260 |
$0.290 |
9% |
BF XP Buy below $0.10 |
Top 10 Bottom-Fish Price Losers
| Company |
|
Volume |
High |
Low |
Close |
Chg |
Status |
| Nevsun Resources Ltd (NSU-T) |
|
3,544,500 |
$3.320 |
$2.640 |
$2.880 |
($0.370) |
Spec Cycle Hold 100% |
| Peregrine Diamonds Ltd (PGD-T) |
|
3,333,500 |
$2.830 |
$2.120 |
$2.350 |
($0.370) |
BF TP Buy $0.30-$0.49 |
| Avalon Rare Metals Inc (AVL-T) |
|
3,210,000 |
$2.840 |
$2.270 |
$2.510 |
($0.310) |
Spec Cycle Hold 100% |
| Uranerz Energy Corp (URZ-T) |
|
167,600 |
$1.960 |
$1.630 |
$1.630 |
($0.270) |
BF MP Buy $0.50-$0.75 |
| Rare Element Resources Ltd (RES-V) |
|
1,358,100 |
$3.300 |
$2.610 |
$2.960 |
($0.260) |
Spec Cycle Hold 100% |
| Anfield Nickel Corp (ANF-V) |
|
239,800 |
$3.400 |
$2.930 |
$2.990 |
($0.210) |
BF Spec Cycle Hold 100% |
| Intl Nickel Ventures Corp (INV-T) |
|
340,100 |
$1.170 |
$0.900 |
$0.980 |
($0.160) |
BF MP Buy $0.10-$0.19 |
| Kootenay Gold Inc (KTN-V) |
|
138,700 |
$0.900 |
$0.770 |
$0.800 |
($0.130) |
BF MP Buy $0.30-$0.49 |
| Mountain Province Diamonds Inc (MPV-T) |
|
330,300 |
$3.190 |
$2.760 |
$2.920 |
($0.130) |
Spec Cycle Hold 100% |
| Arapaho Capital Corp (AHO-V) |
|
102,300 |
$0.800 |
$0.700 |
$0.700 |
($0.100) |
BF LP Buy $0.10-$0.19 |
Top 10 Bottom-Fish Price Percentage Losers
| Company |
|
Volume |
High |
Low |
Close |
Chg |
Status |
| Mawson Resources Ltd (MAW-T) |
|
88,100 |
$0.375 |
$0.270 |
$0.285 |
-23% |
BF MP Buy $0.10-$0.19 |
| Lithic Resources Ltd (LTH-V) |
|
44,000 |
$0.140 |
$0.120 |
$0.120 |
-20% |
BF X Buy below $0.10 |
| Western Troy Capital Res Inc (WRY-V) |
|
242,000 |
$0.250 |
$0.190 |
$0.190 |
-19% |
BF TP Buy $0.30-$0.49 |
| Planet Exploration Inc (PXI-V) |
|
114,000 |
$0.215 |
$0.195 |
$0.195 |
-19% |
BF MP Buy $0.10-$0.19 |
| Golden Valley Mines Ltd (GZZ-V) |
|
284,700 |
$0.345 |
$0.280 |
$0.285 |
-19% |
BF XP Buy below $0.10 |
| Northern Superior Resources Inc (SUP-V) |
|
211,600 |
$0.150 |
$0.130 |
$0.130 |
-16% |
BF XP Buy below $0.10 |
| Eagle Plains Resources Ltd (EPL-V) |
|
419,300 |
$0.195 |
$0.160 |
$0.160 |
-16% |
BF XP Buy below $0.10 |
| Riverside Resources Inc (RRI-V) |
|
563,200 |
$0.580 |
$0.490 |
$0.490 |
-16% |
BF TP Buy $0.20-$0.29 |
| VMS Ventures Inc (VMS-V) |
|
1,960,000 |
$0.375 |
$0.315 |
$0.320 |
-15% |
BF MP Buy $0.20-$0.29 |
| Geodex Minerals Ltd (GXM-V) |
|
720,700 |
$0.180 |
$0.140 |
$0.150 |
-14% |
BF MP Buy $0.10-$0.19 |
New Bottom-Fish Lows
| Company |
|
Volume |
High |
Low |
Close |
Chg |
Status |
| No Records |
|
