Stockchase Opinions

Don Vialoux Canbior Inc CBJ-T BUY Feb 10, 2005

Broke a key support level last week, but is now coming back. Expect a lot of activity between now and May on possible take-outs of gold companies which will drive stocks between now and late May. Forming a nice base and wants to go higher.
$3.050

Stock price when the opinion was issued

precious metals
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An international gold producer with operations, developments and exploration projects throughout the Americas. Had a big hedge book problem but that's dissipated and they appear to be turning the corner. Last quarter showed a 10% increase in gold output, revenues are up 52%. Cash flows have improved.
PAST TOP PICK
(A Top Pick May 19/05. Up 33%.) Starting to show some really relative strength here. Will be a candidate for consolidation.
DON'T BUY
Has some issues. There are other growth stocks you should buy instead. Trading at asset value.
TOP PICK
Continued to disappoint, first by getting its hedge book into a problem and then had high operational forces which were a surprise. Very vunerable to a takeover at this low price.
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Expects marked increases in mergers and acquisitions in the gold sector, so his Top Picks are based on this. This is his 3rd choice. A fallen angel. Had a big problem with its hedge books, then with higher operational costs. Starting to turn around but very vulnerable to a major who feels it can do a better job.
DON'T BUY
A combination of troubled assets along with some good ones. Their mine in Quebec is getting a little old and a little tired. We'll probably perform well with a rising gold price but he classifies the assets as mediocre.
PAST TOP PICK
They've always had a problem living up to expections, but they seem to have everything in order. They are one of the lower priced majors.
DON'T BUY
Has a long history of coming down and is still very much behind the pack.
DON'T BUY
Stock is very cheap based on cash flow. Because people don't like things management has done, it is not moving much. The only way it can do well is a takeover.
PAST TOP PICK
Believes that it is not a well managed company. He is disappointed with operations. Sell if you own., don't buy.