Stockchase Opinions

David Burrows Eurozinc Mining Corp EZM-T DON'T BUY Sep 13, 2006

Merging with Lundin Mining (LUN-T) which makes a lot of sense. Doesn't believe this is the time to be buying metal stocks. We are in a corrective period and there is downside risk.
$2.930

Stock price when the opinion was issued

precious metals
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BUY
Proposed merger with Lundin (LUN-T). Not a bad merger in terms of geographic location with both having mines in Europe giving them limited political risks.
BUY
Merging with Lundin Mining (LUN-T) which makes sense. If you're short term, and worried about the US economy slowdown, then you should trade in and out of these types of stocks. Longer term, this company is fine.
COMMENT
Good management. Prefers Iberian Zinc (IZN-X).
COMMENT
Recently sold his holdings in order to reduce exposure to the deep cyclicals and resources. Management has done an exceptional job. Likes the merger with Lundin Mining (LUN-T). Not sure that base metals can go much higher.
BUY
Merging with Lundin Mining (LUN-T). Two extremely high production mines in the Iberian peninsula and, between them, they have a rack of prospects.
SELL
This is a volatile stock. Recommends selling. It is time to lighten your metal exposure.
BUY
Merging with Lundin Mining (LUN-T). The deal on Inco (N-T) closes next week and there will be about $16 billion coming back to investors, many of whom will look to replace their investments in the mining space. Speculative and volatile.
BUY
World shortage in zinc and cannot be easily made up. Hud Bay (HBM-T), Eurozinc (EZM-T) and Inmet (IMN-T) have tremendous leverage to base metals. The demand for raw materials coming out of emerging-markets is astonishing.
BUY ON WEAKNESS
Just merged with Lundin Mining. Probably trading around 5 X earnings right now. Will probably grow by acquisitions. Because of its huge rally, would wait for correction.