Stockchase Opinions

Allan Jacobs Com Dev International Ltd. CDV-T PAST TOP PICK Sep 27, 2011

(A Top Pick Nov 24/09. Down 55.92%.) Sold his holdings in early 2010.
$1.600

Stock price when the opinion was issued

Telecommunications
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DON'T BUY
He used to own this. He was interested in the West Africa play, but he was looking for a higher grade play instead. Right now West Africa is not a safe play geopolitically speaking. This is probably impacting the share price. Infrastructure constraints make it more expensive in their area as well -- power comes strictly from diesel.
BUY
They a 5-million ounce deposit, rare. A low-grade one in Ghana which scares some investors, and they don't have production financing in place, but will come. But he's bullish about Ghana where insurgency fears are way overblown.
PAST TOP PICK
(A Top Pick Mar 26/21, Up 180%) Second largest shareholder after Murray Edwards. Would buy again. Months away from starting a meaningful dividend. Expecting a 7-9% dividend yield. Expecting a double in share price.