I hope everyone had a fun & relaxing weekend and you're all ready to make a few $$$'s this week.
There could be another few Middle East defaults this week so we might see a few down days imo. I might keep a little powder dry to take advantage of oversold stocks if that turns out to be the case. Anyways, I will be looking at the following stocks today with a view to trade:-
EGO - A cautionary word on EGO! Whilst it has been an excellent trade for the past week or so, the surprising further dilution (which was announced last Friday) was for some 500m shares. I don't know what effect this will have on the sp; it may drive it back to the low 1's or it may pump and then dump., but it could be good picking it up if it retraces to the low ~1c levels with the current very prospective drill at Gingin West-1. I am out but will be watching its movements today.
BAS - I have expectations of a mid tier Australian oil & gas company looking for a farm-in here. I am looking at consolidation this week on this stock!
BCC - We surely must be getting closer to that imminent spud, and I will trade BCC until further news is released from the Company.
ADN - This stock is at the top of my whiteboard list with a *star*. I am very interested in the upcoming assay gold results.
FML - We should have news that the 3 Mile Mill will be starting up this week which means FML is producing at a far lower cost.
On the announcement front today:-
CQT (Conquest Mining) - Have just released a maiden JORC for gold & silver this morning which seemed ok to me, but I don't know if this is more or less than what the market is expecting. Anyways, here's the announcement:-
