Breakwater Resources (BWR.TO) Buy, Sell or Hold

Breakwater Resources (BWR.TO)

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17 watching

BUY

Zinc producer. Not too many ways to play zinc and this is probably the best way to play it. Reasonably valued. As prices recover, there is the potential for them to bring back on their closed mines, which could add to their production profile going forward.

COMMENT

Chart shows a series of higher lows. There seems to be resistance at about the $.40 level. If you own and it goes through $.40 consider taking some off the table and holding the balance.

DON'T BUY

Higher cost group of zinc mines. This is the last one to come on stream as zinc prices become strong and the first one to shut down when zinc prices collapse. A lot of risk with this company.

DON'T BUY

His style is to buy income/cash flow stability and this one is the antithesis of this. It has high operating costs and debt. You are really speculating on zinc a year from now.

HOLD

Chart shows it has broken out of a base. There is probably a little bit of resistance coming in at around $.33 or $.40. Be ready to pull the trigger.

SELL

(Market Call Minute) Way too many shares outstanding.

BUY

Like it. Just Bought Did financing recently. Given them the room to wait for the commodity price to rebound. The bottom has been out in the zinc price. Not many ways to pay zinc directly.

COMMENT

Junior zinc producer that has fallen on hard times. Currently trading under its cash position of about $70 million. Had operational problems earlier in the year. They will weather this storm but you need an improvement in the zinc outlook.

DON'T BUY

(Market Call Minute.) Basically involved in zinc. We preferred the bigger players at this stage of the game.

SELL

Zinc was probably the first base metal to really take it on the chin. Doesn't see it as an acquisition target. Could languish for a while. Consider a tax loss sell.

DON'T BUY

Dropped below the 200-day moving average at around $2.50.

DON'T BUY

This has been a very tricky stock. The price of zinc has totally collapsed. Thinks they will survive as zinc mines globally have been closing. When that happens, there is a return to supply and demand and the price should recover. Pretty risky at this point.

DON'T BUY

Trading at 3.7X earnings. This stock is definitely a gamble. Company has a history of issuing more and more shares. Zinc does well for a while, comes off, and they do a consolidation.

DON'T BUY

Zink mostly. Zinc has crashed the most. Mines are deep and need to pump out water and fuel cost is double what it was last year. Zinc price is not coming back.

DON'T BUY

Made a double top last year, which was very negative. Below its 200-day moving average. Stock is very oversold, so it may rally to about $1.25.

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Breakwater Resources (BWR.TO)