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by Stockwatch Business Reporter

The TSX Venture Exchange lost 1.80 points to 794.79 Wednesday. Paul Larkin has taken over from Vincent Cheng as the chief executive officer and a director of an NEX shell, Earl Resources Ltd. (ERL). The handover pushed the stock up 9.5 cents to close at 11 cents on 446,740 shares. In the past 12 months, the dormant Earl has traded on only 12 other days, at prices ranging from 0.5 cent to three cents, on volumes ranging from 600 to 139,000 shares a day.

Earl Resources went public in 1998 as a Chinese gold mining promotion. Mr. Cheng had been with the company since then. Earl peaked at 58 cents in 2001, when it was working on a change of business to a Cambodian lottery. It requested a halt, as companies typically do when they announce major transactions, but Earl remained halted for an atypical nine years. It simply did nothing, neither closing the lottery deal nor even keeping up with its quarterly filings. When it resumed in 2010, it opened at a penny. In its established tradition, it has continued to say nothing since then, but at least it has kept up with its quarterly reports.

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