TSX VENTURE EXCHANGE (January 10, 2011)

 

The Dec. 20-31 holiday-filled period saw the S&P-TSX Venture composite index climb 153.52 points to close the year at 2,287.85.
Daily trading volume was understandably down somewhat, averaging 120 million shares traded thanks in part to some half-days of trading. The bears-to-bulls ratio stayed fairly constant, with 174 Venture-listed companies hitting new highs and 46 reaching new lows.
Rare earth stocks were some of the most active after more news came out of restricted exports from China. Rare Element Resources led the sector, gaining an impressive $6.40 to end at $15.95 after hitting a high of $17.24. The company also closed a $57.5-million financing, issuing 6.4 million shares at $9 each.
Great Western Minerals saw 24 million shares traded as it climbed 16¢ to 58¢ on the rare earth news. On Dec. 15, the company announced an offer to buy all 37.8 million remaining shares of Rare Earth Extraction, having already bought 10 million shares in September. Both companies are focused on rare earths in South Africa. Stans Energy, another rare earth-based company, saw 14.5 million shares traded on its way to gaining 52¢ to close at $1.30. The company released the details of a November meeting at the Canadian Embassy in Russia, held to promote a new rare earths supply chain between Russia, Kyrgyzstan and Canada.
Recently reconfigured Alexander Nubia International had a busy period, roughly doubling its share price to 35¢ after climbing 18¢ on 32.2 million shares traded. The company, which completed a qualify transaction and changed its name from Chrysalis Capital VII in early October, announced plans for a 7,500-metre diamond drill program on its Abu Marawat concession in Egypt as well as upgrades to the camp. The company is working to upgrade and confirm the historic gold resource based on roughly 20,000 metres of drilling.
Brazil-focused Amazon Mining was up a healthy $1.74 to $6.32 after announcing that the Minas Gerais state government had approved a special tax treatment for its Cerrado Verde potash project. The benefits reduce capital costs to produce thermopotash as well as the tax on the thermopotash itself, while conventional potash fertilizers will also be affected if produced from the project.  In addition, the company closed a $4.5-million private placement, issuing 1.1 million shares at $4.17.
Pacific Wildcat Resources was up 53¢ or 143% to 90¢ after issuing an update on its acquisition of the Mrima Hill niobium-rare earth project in Mozambique. The deal was initially announced in July but the company has since extended the closing deadline as it performs due diligence and drilling on the project. The company now expects to close the acquisition of 70% of the 1,180-sq.-km property in late January.   

TSX-V most active issues
    VOLUME    WEEK
    (000s)    HIGH    LOW    CLOSE    CHANGE
Northern Star    NSM    33265    0.05    0.01    0.04    +    0.01
Alexander Nubi    AAN    32179    0.40    0.14    0.35    +    0.19
Great Western    GWG    24338    0.61    0.41    0.58    +    0.14
Stans Energy    RUU    14449    1.34    0.77    1.30    +    0.52
Abcourt Mines    ABI    14406    0.16    0.11    0.16    +    0.03
Encore Ren Res    EZ    13963    0.06    0.05    0.06        0.00
Electra Gold    ELT    13065    0.09    0.05    0.06        0.00
St Eugene Mng    SEM    12272    0.39    0.20    0.31    +    0.10
Seafield Res    SFF    12186    0.61    0.53    0.59    +    0.03
Eagle Plains    EPL    11935    0.83    0.56    0.64    –    0.36

TSX-V greatest percentage change
    VOLUME    WEEK
    (000s)    HIGH    LOW    CLOSE    CHANGE
Central Iron O    CIO    1113    0.24    0.07    0.22    +    175.0
Pac Wildcat Re    PAW    3887    0.92    0.40    0.90    +    150.0
Alexander Nubi    AAN    32179    0.40    0.14    0.35    +    118.7
RJK Explor    RJXA    5130    0.16    0.08    0.15    +    114.2
Dolly Varden R    DLV    60    0.45    0.40    0.45    +    104.5
Southern Silvr    SSV    7243    0.34    0.17    0.31    +    93.7
Nitinat Mnls    NZZ    13    0.18    0.14    0.17    +    88.8
Cascadia Res    CCR    173    0.17    0.09    0.17    +    88.8
Intl Millm Mng    IMI    2161    0.16    0.08    0.15    +    87.5
Cougar Mnls    COU    3817    0.09    0.05    0.07    +    75.0
Eagle Plains    EPL    11935    0.83    0.56    0.64    –    36.0
Goldbank Mng    GLB    29    0.45    0.31    0.32    –    27.2
G4G Res    GXG    319    0.19    0.14    0.14    –    26.3
QRS Capital    QRS    265    0.29    0.25    0.25    –    24.2
Manitou Gold    MTU    133    0.35    0.29    0.35    –    23.9
Cantex Mn Dev    CD    1774    0.14    0.11    0.11    –    21.4
Probe Mines    PRB    1044    2.04    1.60    1.62    –    20.9
Rec Minerals    REC    333    0.14    0.12  &n
bsp; 0.12    –    20.0
Lateegra Gold    LRG    4308    0.38    0.29    0.29    –    19.4
Claim Post Res    CPS    138    0.22    0.20    0.21    –    19.2

TSX-V greatest value change
        WEEK
    VOLUME    CLOSE    CHANGE
Rare Elemnt Rs    RES    4804268    15.95    +    6.40
Amazon Mng    AMZ    1537952    6.32    +    1.74
Chesapeake Gld    CKG    164808    12.55    +    1.35
Tasman Metals    TSM    2828345    4.40    +    1.03
Quest Rare Mnl    QRM    2715226    5.53    +    0.96
Pac Booker Min    BKM    130786    9.65    +    0.70
Lumina Copper    LCC    574053    4.86    +    0.67
New Pac Metals    NUX    561325    2.31    +    0.67
Canaco Res    CAN    2351538    6.01    +    0.56
Orko Silver    OK    4991037    2.80    +    0.54
Hana Mng    HMG    7458538    4.76    –    0.69
Probe Mines    PRB    1044312    1.62    –    0.43
Rainy River Rs    RR    3034846    12.62    –    0.38
Eagle Plains    EPL    11935249    0.64    –    0.36
Renaissnc Gold    REN    280738    1.80    –    0.29
Rome Res    RMR    159338    0.89    –    0.21
Dundarave Res    DDX    505608    0.72    –    0.15
Mountain Lake    MOA    1123537    0.70    –    0.14
Mountain-Wst R    MWR    233037    0.72    –    0.13
Mirasol Res    MRZ    950312    6.06    –    0.13