Danny Deadlock Recommand REXhttps://www.stockhouse.ca/shfn/editorial.asp?edtID=18690
Danny Deadlock
Covering and Recommand REX
Orex Ventures (TSX: V.REX, BullBoards; $0.42); www.orexgold.com
We featured REX here on August 14, 2006, at $0.33 a share and were fortunate to get a rally in the stock last week that pushed the price to $0.62 on strong volume and our short-term gains to approx. 70%. The stock, unfortunately, corrected late in the week as the price of gold took a hit, but our intention is to follow this into their Peru drilling program. No word yet on when that will start, but if they receive permits and the rig, it should be in October. As I referenced on August 14, this should be a high profile drill program once it gets underway. In the meantime, we can obviously expect volatility as the price moves in sympathy with the gold sector. The original report can be found here.