Robert McWhirter
Com Dev International Ltd.
CDV-T
WATCH
Nov 07, 2007
Strong Cdn$ continues to be a pain. Earnings estimates have been shaved by 13% over the last 90 days. October year-end earnings are expected to go from $0.17 to $0.35. Overall the stock looks cheap but still a bit early. Market for satellites should continue strong.
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.
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.
(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.