there are also small resource companies being taken over, even ones that are not close to producing; one example is Baffinland, the iron ore in the cdn. north..., rich ore, but in a remote area.
was around .30 last summer and now going to be taken out for 1.40-1.50 a share. of coarse passed on it at .75 a while back.
watching two juniors gold both on Toronto
RMX rubicon low 3.24 high 6.50 close 4.99
they have four million ounces and counting, probably... drilling has been great and good management, they should have 4-8 million onces.
high risk, far from mine, playing it with options 5 puts, 7, 8 calls uncovered, all april hope it stays in this range.
P Primero mining 2.50 8.30 close 4.18
produced 24000 onces and production should increase 50-100%, hopefully they increase production, in Mexico.
watching it, may buy under 4, high risk going to look into it more.
should go below 4 on market weakness...would like to get it cheaper....whats new...lol..
thanks
selkirk
