Robert Cohen B.A.Sc., MBA, CFA
Glamis Gold
GLG-T-X
TOP PICK
Jul 31, 2006
One of the best managed mid-cap gold companies with a tremendously good growth production profile. Have some really good upside since they took over Western Silver late last year with its Penasquito mine.
(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.