David Burrows
Glamis Gold
GLG-T-X
BUY
Aug 23, 2006
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.
(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.
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.