Laura Wallace
Falconbridge Ltd
FAL-T
BUY
Aug 24, 2005
A fine company. With restructuring of Noranda (NIF.UN-T) and Brascan (BNN.LV.A-T) selling its 20%, it's well positioned. It's come off because there was an expectation that the whole company might be taken out. Prefers Inco (N-T) because of Voiseys Bay and the Goreau projects.
The chance of them not getting taken over is almost zero. If you own, you might consider taking some profit now and holding on to some and see what might come out of the woodwork.
(A Top Pick Oct 19/05. Up 84%.) Was incredibly cheap and thought he could make a good grinding rate of return. He also hoped that the nickel market might get tight. Was taken out.
(A Top Pick Aug 25/05. Up 124%.) Had chosen it on the expectation the nickel market would tighten up, which it did. Now looking for junior companies with producing assets.