TSX VENTURE EXCHANGE JUNE 24-26

Over a short but not so sweet June 24-26 trading session, the S&P-TSX Venture Composite Index lost 50.24 points to close at 2,553.37. Average daily trading volumes were lower than usual, at 81.2 million.

In the space of three days, 17 juniors attained new share price highs but a surprising 167 companies saw their share prices fall to new lows.

Cloudbreak Resources was again the most traded stock on the Venture board; over the short session, 33.4 million Cloudbreak shares changed hands. The activity boosted Cloudbreak’s share price 3 to close at 22. The junior’s rise is based on applications for coal and potash permits in Saskatchewan and Alberta.

Another junior rising on Saskatchewan speculation is North American Gem, which moved 28.5 million shares over the session to close down 4 at 48. The company received more letters from Saskatchewan Energy and Resources assuring first priority status for another 4,440 sq. km of coal permits, bringing its first priority permit ground to 9,000 sq. km.

Other juniors jumping on the Saskatchewan coal and potash area plays did not fare as well this week. Western Potash, which reached $2.15 in mid-June after entering the market in early May at 90, lost 34 to close at $1.51. Two weeks after closing a $25-million private placement, this week Potash North Resource lost 24 to close at $2.81. And jointventure coal speculators Swift Resources and Saturn Minerals also lost ground after weeks of gains.

Largo Resources, which enjoyed a significant and sustained share price gain during most of June, lost 14 to close at $1.34. During the month, Largo closed an $11.5-million financing and began drill programs at its Maracas iron-titanium-vanadium property in Mexico and its Northern Dancer tungstenmolybdenum project in the Yukon.

It was a slow session, relatively, for Goldsource Mines. The rapidly rising junior gained only 65 over the shortened week to close at $18.65. In April, before it discovered coal on its diamond property in Saskatchewan, Goldsource shares were worth some 25.

Without releasing any news Aranka Gold posted a 36 gain to close at $1.20. Similarly, Silverstone Resources managed a 21 lift on no news.

A very short, gold-loaded intercept from the Aquilon Main property in James Bay, Ont., lifted Golden Tag Resources 19 over the session, almost doubling its share price. The company reported 3,231 grams gold per tonne over 80 cm and 12,906.5 grams gold over 20cm, among other intercepts.

A 2-million-oz. gold resource at its Lindero property in northwestern Argentina failed to impress Mansfield Minerals shareholders. The company’s share price slipped 42 over the session to close at $2.60.

And news of “significant occurrences of visible gold” in muck and in situ on the ramp wall at Noront Resources’ Windfall Lake project also failed to impress the market. Noront lost 24 to close at $1.96.

TSX-V most active issues
		VOLUME	WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Cloudbreak Res	CDB	33414	0.25	0.17	0.22	+ 0.03
North Am Gem	NAG	28543	0.65	0.47	0.48	-0.04
Gold Hawk Res	CGK	19396	0.07	0.05	0.07	+ 0.01
Gravity West	GRW	15515	0.18	0.09	0.09	-0.02
San Gold Res	SGR	12891	2.11	1.98	2.04	+ 0.06
Largo Res	LGO	11968	1.58	1.32	1.34	-0.14
GreencastleRs	VGN	10696	0.63	0.47	0.54	-0.05
Sidon Intl Res	SD	10556	0.17	0.08	0.14	+ 0.05
Peak Gold	PIK	8895	0.78	0.72	0.76	-0.03
Thelon Vent	THV	7952	0.17	0.06	0.14	+ 0.07

TSX-V greatest percentage change
		VOLUME	WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Action Minls	ATM	489	0.03	0.02	0.02	+100.0
Thelon Vent	THV	7952	0.17	0.06	0.14	+100.0
Intl Northair	INM	3290	0.30	0.14	0.22	+ 83.3
Golden Tag	GOG	983	0.57	0.27	0.48	+ 65.5
Arcturus Res	AZN	50	0.08	0.07	0.08	+ 60.0
Goldminco	GCP	82	0.08	0.06	0.08	+ 60.0
Sidon Intl Res	SD	10556	0.17	0.08	0.14	+ 55.5
Lysander Minls	LYM	766	0.70	0.42	0.64	+ 52.3
Q-Gold Res	QAU	1087	0.10	0.07	0.09	+ 50.0
Philex Gold	PGI	16	0.50	0.34	0.45	+ 45.1
Wellstar Enrgy	WST	65	0.08	0.04	0.04	-50.0
African Metals	AFR	15	0.28	0.22	0.22	-35.2
Dentonia Res	DTA	266	0.05	0.04	0.04	-33.3
African Aura	AAZ	20	0.26	0.26	0.26	-33.3
Windarra Minls	WRA	41	0.14	0.10	0.10	-33.3
Halo Res	HLO	808	0.25	0.17	0.17	-32.0
Nebu Res	NBU	40	0.12	0.11	0.11	-31.2
Mountain-WstR	MWR	24	0.26	0.19	0.19	-29.6
Cadillac Mng	CQX	50	0.10	0.08	0.10	-28.5
Newmac Res	NER	580	0.43	0.30	0.31	-27.9

TSX-V greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Goldsource Min	GXS	578857	18.56	+ 0.65
SouthGobi Engy	SGQ	109005	17.50	+ 0.50
Seabridge Gold	SEA	27440	21.75	+ 0.39
Aranka Gold	ARK	44423	1.20	+ 0.36
Exeter Res	XRC	76420	4.35	+ 0.30
Lysander Minls	LYM	765600	0.64	+ 0.22
Silverstone Rs	SST	340030	2.50	+ 0.21
Hawthorne Gold	HGC	85708	1.25	+ 0.19
Golden Tag	GOG	983250	0.48	+ 0.19
Fortress Base	FBM	88000	1.30	+ 0.17
Pan Oce Exp	POE	373124	9.94	-1.16
Digger Res	DIG	10000	1.50	-0.50
Bear Creek Mng	BCM	1321455	4.99	-0.50
Mansfld Mnrls	MDR	158353	2.60	-0.42
Western Potash	WPX	4548947	1.51	-0.34
Vast Expl	VST	4540485	1.01	-0.29
Swift Res	SWR	353110	0.72	-0.25
Potash North	PON	2490127	2.81	-0.24
Noront Res	NOT	1175736	3.08	-0.24
Pearl Ex & Pr	PXX	2592048	1.96	-0.23