Stockchase Opinions

Brendan Caldwell Com Dev International Ltd. CDV-T HOLD Sep 02, 2015

A really, really interesting company in terms of the commercialization of space. It has come off in this recent market. Virtually every satellite that goes up in the Western world has a Com Dev component in it. We are currently on the cusp of the commercialization of space. This company has the ability to benefit from a lot of the programs that are being proposed.

$4.930

Stock price when the opinion was issued

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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.