Bruce Campbell (1)
Glamis Gold
GLG-T-X
TOP PICK
Jun 08, 2006
Just announced problems at the Marlin mine. This will cost them about $.15 in cash flow just for this year. On June 19 they are going to announce a resource estimate on another mine and he believes it is going to be way higher than the street thinks.
(A Top Pick July 4/05. Up 100.3%.) This will depend on gold prices, which he expects will be higher. A possible head and shoulder pattern is forming on the charts, which is positive.
Has a very good growth profile. Would like to see it break above more recent highs but, at this point, this is going to participate in golds continue on to higher levels.
Take over by Goldcorp (G-T). The upside is, this probably has the potential of becoming the premier gold trading vehicle on the planet. Should have great internal cash flow. Sells at an extremely high stock valuation.