Guyana Goldfields Inc. (GUY.TO) Buy, Sell or…

Guyana Goldfields Inc. (GUY.TO)

1.84

-0.00 (0.00%)

as of Aug 27, 2020, 8:00:00 pm Market Open.

24 watching

TOP PICK

Disappointing preliminary economic analysis. New management came in and took down the size of the project to 30% of original size. Expects them to announce streaming deal in the next couple of months.

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TOP PICK

Renewed their feasibility study and it impressed him. The numbers are really attractive. Believes it will be a mine. Last major thing is financing, which they should be able to get.

TOP PICK

Just came out with a feasibility study on their Guyana project. Have always had a good size resource there with a decent grade. Came out with a feasibility study a year ago which the market did not like. Had a low IRR and didn’t have great payback terms. They optimized it and numbers look great. 5% $1300 gold of around 800 million so a very nice IRR at around 38%. Will make a great acquisition for those companies that need growth.

PAST TOP PICK

(A Top Pick July 28/11. Down 73.79%.) Market has taken everything down in the small caps. Also they came out with a feasibility study where the capital was too high relative to the return that was received and the market punished them. Thinks there has been an overreaction to the downside.

DON'T BUY

Cost of production has skyrocketed. They are right by a river where the deposit is and, in order to develop the mine, they have to deal with the river. Also just had a management change.

TOP PICK

This is an M&A target. Has about 7 million ounces in resources and they are doing 100,000 m of drilling. In the next year, they could probably get close to 10 million ounces. Looking at $75-$80 an ounce compared to $150 and up.

COMMENT

Very attractive to their deposit. Likes the progress they have made in exploration. Doesn't have a near term or long term outlook other than to say the deposit has acted very well and management has done a very good job of advancing the project without spending too much money.

DON'T BUY

In a nasty downtrend and he sees no sign of this abating. It is below support. 52-week low is probably just around the corner.

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DON'T BUY

He is a big believer in watching the market and letting it tell you what to do. In this case, he sold it in the $9.50/$10 range. It just wasn't acting like a big exploration play. The play is fine but just not as big as he expected.

BUY

Has done very well. Made a tremendous discovery in Guyana. Will probably be taken out by a major producer at some time. They still have further exploration potential.

PAST TOP PICK

(A Top Pick June 6/06. Down 7.3%.) There is a significant group of holes that are in the lab. The last group of holes was a little disappointing in the next group of holes could move the stock price either way. A great takeout candidate.

BUY

They made a discovery, so now it is a matter of drilling more and figuring out how big it is going to get.

TOP PICK

Very good management team. Have discovered a pretty robust gold project in Guyana. The economic grades are looking quite good. They continue to develop the tonnage. A prime takeover target.

STRONG BUY

Stock has taken a real kicking in the last couple of weeks. Good price. Great management. A number of major companies have been interested in their properties.

TOP PICK

Gold in Guyana. Have had very good drill results. Expect it to be acquired in the next two years.

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Guyana Goldfields Inc. (GUY.TO)