Share price movements during Diggers & Dealers Day One

CONFERENCE CALLER: There was a lot of love in the Big Tent on Day one at Diggers & Dealers, which seemed to flow over to the boards of the ASX.

Plenty of companies had days of positive movement, pretty much on the strength of releasing their conference presentations.

Perhaps it is because such releases are usually chock full of good
news and blue sky investors can’t resist the temptation of colour and
movement and throw money at them.

Atlas Iron was one such company, releasing two presentations and rewarded with a jump of 6 cents.

Interestingly enough Gryphon Minerals released results of a Feasibility
Study, which the company said had confirmed the robustness of its
Banfora gold project in Burkina Faso.

Not robust enough for investors, or perhaps it should have included a few more graphs in its presentation.

No movement – up or down, so a win of sorts. 

 

The story of the day was the new Gruyere deposit Resource released by Gold Road Resources (ASX: GOR), which was rewarded with a healthy rise of 4.5 cents.

This will be worth watching over the next couple of days to see whether investors do have the stamina to stay with a story longer than 24 hours or just take the profit and run.

As far as The Roadhouse’s pretend portfolio stands after Day One – we’re up $1073 since last Thursday’s closing.

 

Disclaimer: The above is intended as a guide only. The Roadhouse accepts no responsibility for investments made from this advice, successful or otherwise.

The views, opinions or recommendations of this article do not in any way reflect the views, opinions, recommendations, of The Resources Roadhouse.

The Roadhouse makes no representation or warranty with respect to the accuracy, completeness or currency of the content. The content is for educational purposes only and does not constitute financial advice. Independent advice should be obtained from an Australian financial services licensee before making investment decisions.