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Bullboard - Stock Discussion Forum Channel Resources Ltd V.CHU

TSXV:CHU - Post Discussion

Channel Resources Ltd > CHU UP on VOLUME good sign
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Post by rumer on Sep 20, 2010 4:46pm

CHU UP on VOLUME good sign

Below are winners that are UP on VOLUME indicating movement with conviction and worth watching for follow thru. I filtered out stupid low priced stocks to eliminate exaggerated percentage moves, leaving the serious contenders.

Name

Symbol

Last Price

Chg

% Chg

Open

Volume

U.S. Silver Corporation

USA

0.360

0.080

28.57%

0.290

7,873,472

Millrock Resources Inc.

MRO

0.750

0.150

25.00%

0.760

2,969,464

Channel Resources Ltd.

CHU

0.285

0.050

21.28%

0.250

2,173,711

First Gold Exploration Inc.

EFG

0.405

0.070

20.90%

0.350

2,702,621

Western Lithium USA Corporation

WLC

1.010

0.150

17.44%

0.900

6,948,033

Northern Gold Mining Inc.

NGM

0.350

0.050

16.67%

0.310

2,350,670

Metanor Resources Inc.

MTO

0.700

0.060

9.38%

0.650

3,508,518

Largo Resources Ltd.

LGO

0.245

0.020

8.89%

0.230

3,136,527

Rodinia Lithium Inc.

RM

0.375

0.030

8.70%

0.360

3,819,253

Romarco Minerals Inc.

R

2.500

0.200

8.70%

2.350

2,534,433

Silvermex Resources Ltd.

SMR

0.485

0.030

6.59%

0.485

2,539,426

Primary Petroleum Corporation

PIE

0.435

0.025

6.10%

0.410

2,906,900

Copper Fox Metals Inc.

CUU

0.890

0.040

4.71%

0.860

2,900,805

Of special note I am particularly intrigued with Metanor Resources Inc. TSX-V: MTO, they have a resource estimate scheduled to come out on Tuesday and are now seen as coming of age; they have poured over 35,000 ounces gold from mill (now 1200TPD since upgrade from 750TPD), they are within months accessing high grade ore under the mill and it is expected they will be at 100,000 ounces per annum, they have resource growth and two year plan to move to 160,000 per annum, the market cap is low with only 134M shares out and trading under 80 cents – a real growth story in terms of ounces poured and pounces in ground – they will make a takeout target soon and appear ramping up in share price to reflect proper valuation with lots further to go, in short an ideal way to expose to gold and is also Jay Taylors top selection for exposure to gold -- here is recent article here for those that are looking for the 411 on what is with Metnaor https://miningmarketwatch.net/mto.htm recommended reading.

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