Alexander Lane, B Comm, C
Com Dev International Ltd.
CDV-T
TOP PICK
Jun 29, 2009
(A Top Pick Feb 6/07. Down 53.16%.) Sold his holdings but bought back in Jan/09 because prospects for satellite recovery cycle are very good. Good diversification between government, military and commercial space. Great growth in backlog. Good margins.
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.