Daily Stock Opinions and Ratings

Opinions

John Embry American Bonanza Gold Mining BZA-T BUY Jun 29, 2004

Has been extremely disappointed with this stock. The operation in Arizona is fine but feels there are far too many shares outstanding. Under $.20, the stock is fine with nothing to worry about.

John Embry

Owned

Unlock Rating

$0.175

Stock price when the opinion was issued

precious metals

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PAST TOP PICK

(A top pick Oct 21/03. Up 9.2%.) Recently some good results on their Copperstone property in Arizona. Has a lot of shares outstanding, so can be tough to get a stock moving.

WATCH

If it break trend line, you dont want to own it. Target of $.60

BUY

Has been very disappointing. Drilling results have been better than what the stock has performed and can't understand this. It may be that too many shares are outstanding. Very cheap.

HOLD

One of the many junior stocks that fell victim to the correction this year. Still likes. Exploration is still successfully ongoing. Good management. Too many shares outstanding which makes for sloppy valuation. Should participate in a gold rally.

DON'T BUY

A little disappointed in the merger. Really likes this company's assets, but is sceptical when they start merging with other companies that he is not as comfortable with. This could account for the drop, but it could also be from taxloss selling.

WEAK BUY

The problem with this company was there were too many shares outstanding. Has a very good project. They merged the company with a couple of companies that he wasn't impressed with. At these levels it's probably OK.

HOLD

Their main project is the Copperstone project in Arizona. Have a fairly good grade resource at 10 grams a ton. Have about a half million ounces and will be drilling deeper. Their target is to bring it up to 1 million ounces. Very fair valued. Expect some good news during the summer months.

TOP PICK

An emerging gold producer in New Mexico. Trading cheaply at less than 2X cash flow in 2012. Have the opportunity to significantly increase the size of their resource. Starting to ramp up production.

BUY

Silver in Nevada. They are in the process of just starting production and as they begin production, there's typically a revaluation. Has performed reasonably well over the last 6 months to a year. Has significantly higher potential.

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John Embry American Bonanza Gold Mining BZA-T BUY Jun 29, 2004

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