Aurelian Resources (ARU)

[Tackler]

Globe says Aurelian expected to fly high with Condor

2007-07-19 05:02 MT - In the News

The Globe and Mail reports in its Thursday, July 19, edition that Aurelian Resources moved up 96 cents to close Wednesday on the Toronto Stock Exchange at $8.40. The Globe's Allan Robinson writes in the Eye On Equities column the stock has a one-year trading range of $10.75 to $4.43. Recent drilling results by Aurelian Resources at the Condor gold project in Ecuador marks the completion of work needed for the first resource estimate expected this month, said Eric Zaunscherb, an analyst with Haywood Securities. Mr. Zaunscherb expects continued exploration will surpass his resource estimate of more than 16 million ounces. His share price target is $10. The stock was trading at $6.91, adjusted for a 4-for-one-split, on July 4, when The Globe's BNN Market Call column featured Aurelian as a buy pick. In the item Jones Heward Investment Counsel portfolio manager Bill Belovay said Aurelian was one of his to stock market picks. Aurelian Resources stock is down 20 cents since it was last recommended in the BNN Market Call column on May 23. The stock is down nearly a buck from when Dynamic Precious Metals Fund manager Robert Cohen said buy Aurelian in The Globe on Oct. 31.