Cannex Capital Holdings Inc. - Ordinary Shares C.CNNX

Bob Moriarty on ARR - Arco

[ReportTrader]

One of the realstories was that of Arco Resources (ARR-V) located in OaxacaMexico near the San Jose mine of Fortuna Silver. The management of Arcowas associated with the San Jose mine and they know the area well.

I think of Arco as a concept stock. The stock has a clean history; itonly came public three years ago but failed to get traction. The companymanagement is very experiencedin the Oaxaca area and have picked up what they believe are the bestprojects around the area, many have had prior production.

I wish they hadn’t had to do a financing at $.05 recently as theexisting shareholders got whacked but I was a buyer on the open marketat $.05 when I heard the story and I was a participant in the PP. Arcohas enough money in the kitty to give drilling a serious go.If they hit whatthey and I hope they hit, the stock will run. But in the $.05-$.06 areait’s a cheap lottery ticket with a lot of potential.

>> https://www.321gold.com/editorials/moriarty/moriarty033010.html (From March 30th 2010)