Thursday, July 2, 2009

Canadian Stock Alerts - July 2, 2009

Canadian Stock Alerts Update:

EXPLORATION OREX INC - V.OX @ .115 on 346,000 shares traded

News today was not received well! I look at this story stock differently. And I did say "story stock" as this was never a day trade type investment . The issue surrounds their 43-101 proving up their resource. This is a huge piece for Orex as it's their reason to go forward, to the investment community, the banks, to drill at all etc.

So in the news release all they are really saying is that the "nugget effect" has given them inconsistencies for their 43-101 and they just want to be thorough when the report is finalized. Mark Billings (CEO) used the term "world class" mine. This term was never used before and all I have derived from Mark thus far is that he's a finance guy and not a mining hustler.

So, long story short, this story stock has buying opportunities at this level for those who see the bigger picture. It's not for everyone, then mining stocks are very much like that.

Add to that, we're in the dog days of summer anyway ...

>>> Canadian Stock Alerts - RSS Feed
>>> Follow me on Twitter

No comments:

Post a Comment