Grande Cache Coal Corp. (GCE.TO) Buy, Sell or…

Grande Cache Coal Corp. (GCE.TO)

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19 watching

SELL

Junior coals are quite cheap. It has no fall back plan so be careful. It can, and probably will, go higher. Should sell half if you have a large holding.

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PARTIAL BUY

Has been a significant rebound on metallurgical coal prices but suspects it will be higher a year from now. It may need to go into a period of consolidation. If you are going to buy consider doing it in stages.

DON'T BUY

Metallurgical coal for steel production and stainless steel looks like its bottom is starting to rebound. A marginal high-cost producer so there is volatility. Fully valued at this point.

COMMENT

Coal is funny in that contracts are signed in March. Seasonally coal stocks have not done well over the fall but usually better in the spring. Things are different this year but if coal prices go back down this could drop in a heartbeat. This is a tradable stock, not Buy/Hold.

COMMENT

There is an expectation of an inventory rebuild across a bunch of industries. Metallurgical coal is directly in that supply chain and you could see coal companies go a long higher.

BUY

Metallurgical coal prices have been red hot. Started the year at $110 and spot is now going at $150. A great levered play on these coal prices. This is the best small-cap play in this area.

BUY

Coal stocks are doing extremely well right now. Have lots of great assets in Alberta. Very strong earnings over the next little while. Small-cap mining company so very volatile.

BUY ON WEAKNESS

Volume started picking up in March and is starting to see an increase right now. Broke out of a short-term triangle formation. Expect it will pull back to about $2.60, which would be a good entry point. You have to get out at about $2.20. Has the potential of going up to $4.30.

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BUY

Didn't have enough cash because they where bringing lines in on production. Has not bottomed and is making new highs with each low being higher than the previous low.

HOLD

(Market Call Minute.) Looks like it is positing a lot right now. Very jumpy stock. Maybe Buy on the next good news.

COMMENT

It has just been announced that metallurgical coal prices are settling in at $125/$130, down from $300. Not sure this is the bottom. You have to be prepared for volatility.

BUY

Fits in the takeover potential. Made almost as much as their share price in the most recent quarter. Estimates are $.17 a share in earnings going forward. Debt-free so there is not a huge amount of risk. Coal contracts are being signed at about $115. This company will be around for the next cycle. Little concerned about how much cash they will spend but it looks good for 09.

DON'T BUY

(Market Call Minute.) Would wait for better times in the coal industry.

COMMENT

Recent numbers were good. Good production, good cash flow and good cost control. Steel production is falling off a cliff so 24 months from now what will be the price of coal? It might be a little vulnerable coming into year end.

DON'T BUY

Metallurgical coal for steel production. Would not be interested in buying as he feels the world is going into a quite dramatic recession. Base metal commodities will go down.

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Grande Cache Coal Corp. (GCE.TO)