Stockchase Opinions

Peter GrandichCrocodile Gold Corp.CRK.TOTOP PICKJan 15, 2010

Canadian company that recently acquired several past producing assets in Australia's Northwest Territories. Targeted to produce 100,000 ounces this year and 200,000 in 2011. Should be a takeover target in the next 12-24 months if they can show that they can deliver.
$2.15

Stock price when the opinion was issued

precious metals
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

You might be interested:

WEAK BUY

You have to make sure micro caps are liquid. This one is fairly liquid. He would not add to it, though. He likes gold as a trade, but don’t go crazy on it.

SELL
Have an offer from a Swedish company. There might be another offer. Pretty interesting object but it is pretty far away. Cutting your losses now and moving on, makes sense.
HOLD
Ran into some issues but now seems to be getting back on track. With the juniors, you just have to be careful you don't have too much. Decent company. So bombed out right now that there is not a lot of downside. Prefers Argonaut Gold (AR-T) (which he feels is a Hold currently).
DON'T BUY
Operates in Australia. Has not come up on his screen. Gold sector is a tough sector and nothing interests him right now.
SELL
Gold. Located in Australia. Requires more infrastructure. If you own, consider repositioning your portfolio with tax loss selling.
SELL
Would move to a different gold producer – AR-T
DON'T BUY
Australian-based gold miner.. This company has had some operating issues over the last few months.
SELL
Not a big fan. There are a lot more interesting opportunities in the gold space.
PARTIAL BUY
Australian gold company. Doesn’t own but looking at it closely. Looks interesting. Doesn’t know it well enough to say “Back up the Truck” but worth a speculation.
WAIT
A previous company went bust trying to put the project into production. Wait and see if they con produce gold at a good price.
TOP PICK
Institutions are paying a premium for companies they believe can have production growth. This company acquired very interesting projects in Australia at a very low price. Now a significant producer. Bumped up estimates from 100,000 ounces of production to 120,000 with a potential target of 500,000.. Long-term prospects look extremely good.
DON'T BUY
Gold. Watching this but a “Wait and See” at the present time.