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

Breakwater Resources (BWR.TO)

0.00

-0.00 (0.00%)

17 watching

BUY

Was totally trashed, partly because 1) there were rumours it might be taken over by Hudbay (HBM-T) and 2) stories that zinc was an awful metal because the Chinese were exporting it like fury. The latter was true as exporters were going to lose a tax relief in January. Very dark days are over and it should go up.

COMMENT

A junior 100% leveraged play to zinc. If the market comes down, you will probably get some recovery but not to its previous peak.

DON'T BUY

This one has had a good correction because of 1) a correction in zinc prices and 2) poor results and bad news coming out of the company. Not sure this is the best zinc play in the market right now. Missing of their numbers is not a huge deal. Risk/reward is not that attractive. Prefers Farallon Resources (FAN-T).

DON'T BUY

Broke out at about $2 in April and was followed by a big run-up. It then had a corrective period, with a little bit of a trading low. Went up again but then broke the low. Formed a double top. It's a mess. If you own it, don't let it go much under $2.

WEAK BUY

Pure zinc company. Very active management. Mines are spread out internationally including in Canada. Spikes in the stock were based on a rumour that they were going to be bought out but the price dropped when that didn't pan out. May be a reasonable time to buy.

COMMENT

Good if you like base metal prices going forward. Otherwise wouldn’t Buy.

COMMENT

This stock will trade with the sector now. Making so much money that in 3 years time, they could reinvent themselves. They'll be able to go out and acquire things, buy things and upgrade their assets.

STRONG BUY

A turn around story without a doubt. It is a higher cost operation, but he believes the costs will come down. Thinks it is a takeover target. Fundamentally nothing has changed, but they have had a monetarily setback which means it's a buying opportunity.

COMMENT

Its resistance of about $3.50 occurred in July. Took a nice sharp correction with the rest of the market, and then came back. Accelerating. The little cool off in the last month or two is actually helping it. If it gets to $3.50, Sell and then buy it back if it gets to $3.60.

BUY

Largely exposed to zinc, which is very much in vogue right now.

BUY

Fundamentals for zinc look fantastic. Looks like a good takeout candidate.

BUY

Like this stock because it went through a long major base building. When it broke out, it had a long upward move and is currently above the 200-day moving average. Got a little ahead of itself in June and pulled back, but the correction came back to its 200-day moving average. Looks like it is starting a new major up leg.

BUY

Base metals have been beat up badly over the last little while.

COMMENT

Zinc producer. Base metals are problematic right now. He is not Long or Short any base metals. Inventories have been rising marginally and prices have been falling. Not sure how much hedge fund money is in base metals.

COMMENT

Had one of the sharpest falls in the last 3 weeks. A good producer. If you can stand the volatility, you'll probably get more bang for your buck with this one.

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Breakwater Resources (BWR.TO)