OTCPK:IAUFF - Post by User
Comment by
b00gn1shon May 24, 2007 6:45pm
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Post# 12835231
RE: price down, volume up
RE: price down, volume upThat's a whole lot of single country risk there in ORV. Now I think that the risks for socially astute miners in countries like Bolivia and Venezuela are less than the market is discounting. ORV has no backup to their mine in Bolivia though. No exploration prospects. I guess the same could be said of KRY, but I mostly trade options in that on the swings and GRZ has proven that Chavez is willing to deal with Canadian miners fairly.
Again, heavy volume in IAU.AX and IAU.TO and price remains stable. Someone is definitely accumulating.