Opinions
Peter Hodson
Elgin Mining Inc.
ELG-T
PAST TOP PICK
Aug 06, 2009
(A Top Pick Aug 27/08. Down 71.43%.) Coal companies had a huge run-up last year and then fell apart. Announced some strategic reviews going forward. Other coal companies have done very well but this has been left behind but gives you some potential if people start noticing. Hold.
$0.300
Stock price when the opinion was issued
Mining
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HOLD
Trading below cash of $.50. Waiting for some permits. Also trying to open up some contracts and renegotiate with some of the utility companies. Ultimately it will turn around and get better prices. There may be a lot of trading activity over the year-end but doesn't expect it to change dramatically from here.
Mining
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