PESCOD WITH DAVID COFFIN ~ ARU GML ETCIn David Pescod's nightly Cannacord newsletter tonight Sept. 25, he chatted with Hard Rock Analyst dude David Coffin about Ecudoarian gold plays. FYI.
EXTRACT:
AURELIAN RES. (V-ARU) $30.35 -0.55 Volume: 65K
SKEENA RES. (V-SKE) $0.86 -0.01 Volume: 4.59M
PLEXMAR RES. (V-PLE) $0.67 -0.10 Volume: 3.86M
GOLDMARCA LTD. (V-GML) $0.84 -0.07 Volume: 3.87M
LATEEGRA GOLD (V-LRG) $1.10 +0.23 Volume: 2.17M
"It’s definitely becoming an area play right now, as four of the most
active stocks on the Venture Exchange today are all surrounding the
Aurelian play.
"David Coffin is one of the speakers at the Toronto Resource Investment Conference, that is currently going on for the mining types and despite the beating the resource stocks have taken in the last few weeks and months, he tells us that the attendance on Sunday was pretty good, a little thinner today but then lots of people still have a work week to attend.
"As a speaker at several of the events and panels, David’s own take of the market right now is that he does agree that Aurelian Resources is one of the plays of the day and he does admit to owning it and when we ask him for a target on the stock, he mentions Dundee’s target of $50.00 just might be his own!
"As far as the brutality currently going on in the resource sector, he worries that it could go on for several more weeks, but expects a turn around by year end. He also suggests, that a person shouldn't be looking at selling producers these days, because many of them should be reporting pretty good third quarter numbers.
"When we get to his picks of the day, his number one pick is Aurelian
Resources, which we have mentioned before that he is a big shareholder of ...
"As far as the Aurelian play in Ecuador, that is creating such as following, Coffin reminds us that it is quite often that the company who makes the original discovery is the only one left happy, because frequently the area plays have not had the goods. He tells us that it appears that where the Aurelian trend goes, that they own most of the land on the trend. There are companies that are working on areas that have been drilled several times over the last few decades, such as Goldmarca, but the Aurelian is still the big play."
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