Two Gold Juniors and Their News

By IKN

Amarillo Gold (AGC.v) is up 17% today, but the percentage gain isn’t so important because it’s still inside its recent trading range. However the volume of 2.9m shares catches the eye, somebody somewhere has decided there’s value in this stock.

The Red Eagle (R.to) rights issue was looking in serious trouble for a day and a half, what with its trading as low as 25c and the rights offering at 35c. But the news out a few minutes ago that the big three holders (covering around 40% of shares) all fully on board the offering has changed that by approximately 180°. The stock is still in a sorry state (personal SCUBA equipment in use) but those who were daring and got in yesterday should be pleased.

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