OTCQX:BGMZF - Post by User
Post by
Sil.Don Aug 03, 2012 7:30pm
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Post# 20183296
BGM up 24% on No News!
BGM up 24% on No News! This is on Home Page about a Gold Jr gaining 18% today on good News....My BGM account, like yours, showed a 24% gain today on No news, wonder what that means? I almost think the BGM gain is more newsworthy than a spike on good news. Sil
Stockhouse Canadian Small and Micro-cap Stock Report for Friday, August 3, 2012
TORONTO (SHfn) – Canaco Resources (TSX: V.CAN, Stock Forum) shares climbed 18% to 40 cents on volume of more than 8.2 million shares Friday after the gold junior announced that it has entered into a memorandum of understanding with a Chinese gold producer to create a joint venture to develop Canaco's Magambazi gold project in Tanzania. The Chinese gold company may earn up to a 55% interest in the joint venture by funding 100% of the costs of the ongoing operations of the joint venture until the earn-in is complete.