Summer Sale
50% off Premium Yearly
00days
00hrs
00mins
00secs
Opinions Peter Grandich
Golden Star ResourcesGSC.TODON'T BUYNov 27, 2006
Has not participated in a big way in the last 12-24 months because management has not done that well. A merger candidate but there won't be much premium.
$3.66
Stock price when the opinion was issued
$4.96
As of Jan 31, 2022. Market Open.
precious metals
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.
You might be interested:
COMMENT
This company has some knocks against it. They had a lot of difficulties with the gold price being down. They always have trouble making money. Royal Gold made a royalty agreement and are giving them $130 million, but of course there is a whole payback with that, which will depress their earnings. He can see this going up $1.25.
precious metals
TOP PICK
Gold in Ghana. Several operational problems over the last few years so has been in the doghouse. High cost producer at about $650 so are currently generating about $500 in cash flow with minimal capital spending. Ploughing this free cash flow into the ground for the first time to develop more resources.
precious metals
TOP PICK
Producing about 400,000 ounces of gold in Ghana and have about $.9 billion. Trades at about 5.5X cash flow. Cheap at 16.8X PE for 2010. 46% earnings growth forecast for 2011.
Robert McWhirterOwned
precious metals
HOLD
Very cheap. Have solved a lot of their problems. Could be a takeout.
Peter HodsonOwned
precious metals
TOP PICK
Had some production issues a few years ago and the stock disappointed. Have solved their power problems, but the stock is still very cheap. You can get about 400,000 oz. of production for about a 1 billion market cap, so can see it being a takeout.
Peter HodsonOwned
precious metals
