Daily Stock Opinions and Ratings

Opinions

Jason Donville FNX Mining Company FNX-T(Dead) WAIT May 14, 2010

Merging with Quadra (New name = Quadra FNX), both great businesses and will become a great mid-tier copper name. Good long-term holding. He is considering lightening up his holdings. (Along with other cyclicals.) Wait for the deal to close and see what the analysts say.

Jason Donville

Owned

Unlock Rating

$11.940

Stock price when the opinion was issued

precious metals

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COMMENT

Had a pretty good run. In Canada and a pretty good property. A little cautious on the metals and it depends on what is going to happen to the global economy but it is starting to look good.

BUY

This is a good time to be into the materials from the seasonal standpoint. Broken out of its downturn and has moved up and could possibly reach the $18 mark. That would be a good time to sell.

BUY ON WEAKNESS

Would prefer senior companies. If you were interested in this, he would wait for it to pull back a bit.

DON'T BUY

Strike at Vale-Inco is having an impact on the company because they are having issues with production levels. He is not putting emphasis on nickel producing stocks right now.

BUY

Stock has moved a long ways, but his FMV of the mines indicates the mining sector is the most attractive for and upside potential. Well diversified.

SELL

(Market Call Minute.) This is really a copper play and copper has some downward pressures.

BUY

Quadra Mining (QUA-T) is attempting a takeover. His model price is $18.59, a 36% upside.

DON'T BUY

Great company, but not the cheapest. Merging with Quadra (QUA-T). Good management in both companies. Tends to be very few synergies when mining companies merge. Just seem to want to get bigger and be able to make bigger deals.(See Top Picks.)

WATCH

Merging with Quadra. (New name = Quadra FNX.) Quadra has a lot of copper production and a lot of cash flow and this merger will give them new copper and nickel projects. Right now they are going through a correction because of the China related scare. Before buying, watch the copper prices.

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Jason Donville FNX Mining Company FNX-T(Dead) WAIT May 14, 2010

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