B2Gold Corp. (BTO.TO)

There are about 5 companies in gold that he would like to own, and this is on that list. Great little company. This is going to move with the gold price and it is hard to see anything specific related to their asset, but the amazing thing is that they do incrementally improve their existing assets.

Impressed with their operational abilities. Their projects are going to make good money.

They have been very aggressive in their expansion, delivering on time and on budget and management have done a wonderful job. They are well liked in the market. He likes to invest in management teams that have rewarded him before.

A sad case. It has not been acting well. July to September of each year is usually strong, but it established a downward trend since then with technicals all bad. Wait until next year.

See comments today on YRI-T which are magnified for this one. He would run from this one, not walk.

Grown almost entirely through acquisition. Strong operators. Gold guys rather than financial guys running the company. Only one he owns, looking to add back to the position at this point. Gold is at a critical level. It really needs to hold this level. He is worried about Asian and far East demand softening. He is comfortable being underweight gold at this point.

Gold stocks have been disappointing. This one has been much weaker than the industry itself. It is now reaching the end of seasonal strength for gold stocks as well as gold itself. You won’t have much help on a seasonal basis for the next few months. Gold ETFs have been charting higher lows, but this one has just been breaking down through levels of resistance. It could still fall much further.

He looks at gold, the sector and how the stock does relative to other stocks in the sector. This one is one of the poorer performers, is in a downward trend and is underperforming the market.

Have one of the best management teams in the business. They are good builders of mines, good explorers, good developers and good operators. Within a gold fund, this is one of the core names you want to own. He likes to buy a company like this when they actually have some sort of miss, some sort of negative happening which impacts the stock.

(A Top Pick May 14/13. Up .8.3%.) Have an asset in Namibia which is coming along quite well. Also, has a new acquisition in the Philippines that appears to be coming on line. As we go into Q3 and Q4, this company should be able to continue to deliver returns to shareholders.

(Top Pick Jun 4/13, Up 19.40%) There are not a lot of gold stocks that are up in the last year. These are real miners running the company, not financial guys. He is a little underweight the sector right now.

Great story, management, growth profile. Could recover quite a way from here.

Likes their property in Nicaragua. However, they have a number of other properties as well. This is not his biggest holding and has just a touch of it. To have a basket of gold stocks makes a lot of sense. He feels that the sector has very little risk in it. His only concern is that they have properties in Africa. Geopolitical risk to him is key.

He looks at this one as part of a gold portfolio in gold stocks. You shouldn’t just have one, you should have a basket. This has one of the best operation and exploration teams. Have done a great job of building out their company and assets.

We are nearing the top of the 52 week range and short term we could break out, but he would be more inclined to take some money off the table.