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Message: New Analysis Stonecap Securities initial "outperform" rating of $1.30

I notice Stonecap was buying today and checked to see if they were one of the broker's on the PDG website section under analyst coverage. Stonecap isn't on the list but Brian Szeto appears. He left Byron and joined Stonecap in April. He's now promoting PDG to a new audience of investor's which is a good thing. The last two days are promising but we're a ways from achieving the " outperform" status. I also checked the TSX Global Gold index and it has broken the down trend. This confirms some of the articles such as :

http://www.kitco.com/ind/Handwerger/20120523.html

They claim the smart money has started accumulating gold shares. Having watched PDG drop from $ 0.90 to $ 0.48 this year doesn't make me feel particularly smart.

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