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The BMR Portfolio (Part 3 of 3, GBB was covered separately in Part 2)

Sidon International (SD, TSX-V)

Sidon closed Friday at 12 cents, a 1.5 cent loss for the week, but technically the stock is looking extremely healthy and is forming a beautiful base around its 50-day rising moving average where it’s currently sitting…volume dropped off a bit this past week which shows that the recent selling has largely exhausted itself…investors now wait for Sidon to close its proposed $1.2 million financing at 10 cents and then the “reigns” are off, so to speak, and Sidon can aggressively move forward with exploration at Morogoro East in Tanzania…looking at the chart, it’s not hard to tell that Sidon’s best days are coming…

Richfield Ventures (RVC, TSX-V)

Richfield hit a new all-time high last week and closed the week at $2.30 for a gain of another 10 cents…like Sidon, Richfield is trying to close a financing but a much larger one – nearly $15 million at $1.95…Richfield’s Blackwater Project in central British Columbia is developing very nicely and showing all the signs of becoming a major gold deposit with silver and copper credits as well…technically, the stock is currently in overbought territory based on RSI and Stochastic indicators…an unwinding or cleansing of that overbought condition in the very near future would be a healthy development from a technical standpoint…downside risk, however, appears limited with the financing price acting as a floor for the stock…

Seafield Resources (SFF, TSX-V)

Colombian plays are heating up again as investor interest is returning to this prolific gold region…this renewed appetite for companies exploring in Colombia should bode extremely well for Seafield which has a very strategic land position of nearly 70 square kilometres in the Quinchia District, just south of Medoro’s (MRS, TSX-V) 10 million ounce Marmato Deposit and adjacent to some other plays that are drawing attention…Seafield had a strong week, gaining 3.5 cents to close at a resistance level of 23 cents…Seafield may need a little more time to seriously bust loose as it is at an RSI level where it has consistently retreated from in the past…however, the stock’s 6-month slide is over and the final few months of the year should prove very interesting…initial drill results from Miraflores are expected this month and drilling should also commence soon at another excellent target, Dos Quebradas…

Colombian Mines (CMJ, TSX-V)

Colombian had an interesting week…the stock surged higher early in the week on technical buying as it finally got above its 50-day SMA…it shot as high as 95 cents intraday last Tuesday, just above significant resistance at 90 cents, and closed at 85 cents that day…it re-tested 95 cents Wednesday, closing at 89 cents Wednesday and then 85 cents again Thursday…on Friday, CMJ opened at 83 cents and then got hammered on some Anonymous sell orders all the way down to 68 cents…it closed Friday at 73 cents, down 2 cents on the week, and just above its 50-day SMA which is now acting as new support…the selling on Friday could not have been related to fundamental factors and could have just been someone looking to raise some cash in a hurry…it doesn’t take much selling or buying to move the tight CMJ market quite significantly…technically, the stock is looking fine…like Seafield, we see CMJ being a very strong performer through the rest of the year with interest in the Colombian plays heating up again…CMJ has a huge land position in Colombia and some really outstanding properties in that package including Yarumalito…

North Arrow Minerals (NAR, TSX-V)

Investors are still waiting to hear if North Arrow has received a drill permit for Lac de Gras and if in fact they will proceed with drilling there in the near future…we are very disappointed with how this stock has performed (or not performed) over the last 5 months since we added it to the BMR Portfolio…drilling at Lac de Gras was supposed to have started by now, so there is no sugar-coating this issue – we are not happy and the company has not looked good in terms of delivering on its exploration plans…having said that, we’re not quite ready to throw this one overboard as we want to see what the rest of September brings…North Arrow has additional assets besides Lac de Gras and we’re reasonably hopeful that Gren Thomas, who passionately told us he wants to do something with this company, will deliver one way or the other…from a technical standpoint the stock is trading at a strong area of support but it desperately needs a story and volume as it is drifting aimlessly right now…

“Watch List”

Excel Gold Mining (EGM, TSX-V)

Now here’s a stock with a story and volume…Excel surged to a new 52-week high this past week of 19 cents on total CDNX volume of over 2 million shares…as we’ve pointed out before, Excel has a phenomenal looking chart and very bullish volume patterns…it closed the week unchanged at 17.5 cents…we’ve visited Excel’s Montauban Mining Camp Project, 120 kilometres west of Quebec City, and the potential of the company’s 130 square kilometre land package is indeed impressive…Montauban itself is a former producer – near-surface gold, silver and base metals – and has historical reserves, which Excel is trying to quantify, as well as untapped potential at the former mine and adjacent areas…the property has excellent access and important nearby infrastructure…at the moment the company is compiling all historical information related to the former mine, including some 900 drill holes, for a 3-D Gemcom cut overview which should prove to be very valuable in guiding future exploration and a potential re-start of mine operations…there is strong local support for the project…significantly, the company seems to be attracting new blood (Frank Basa’s private company Grupo Moje was part of a large stock option grant announced June 25 which first got us interested in Excel)…Excel has had some management issues over the years but we believe they’re getting those sorted out as they now appear to be on the right track…we like this situation a lot as a potential major turnaround with a quality project…