He has lots of respect for management and has made money in their prior ventures. It is a proven and ambitious team. It is interesting because it is growing revenue and production by 200% as well as cash flow. Has under two terms of debt. He likes their longer term development plan. They have an interesting and smart view of infrastructure. They are not paying out cash flow in dividends but are using it for developing per share growth. Ultimately they don't need capital markets. If you are looking for exposure to LNG, Tourmaline would be good.
Has been disappointed. A classic case of over promising and under delivering. They have kept the market cap pretty tight, so not a lot of shares are outstanding.
(A Top Pick Apr 17/06. Down 29%.) Were just moving into Niger for uranium to complement their gold operations and somehow it just didn't collect. Good value at this price.
A 1st class organization. Has acquired some uranium properties in Niger which is the 4th or 5th largest uranium producer in the world. Fairly priced in the mid-$3’s on its gold assets in Mali, but with the Niger holdings, it’s quite under priced.
Having spectacular results in Mali. Looks like a major discovery. Have been able to keep their market cap real tight because when they made the discovery, they had only 20 million shares outstanding.
Very few shares outstanding. Likes the land package and the managment. Has keep his capitilzation tight. Only 20 million shares outstanding, so if you find something you get terrific leaverage.
He has lots of respect for management and has made money in their prior ventures. It is a proven and ambitious team. It is interesting because it is growing revenue and production by 200% as well as cash flow. Has under two terms of debt. He likes their longer term development plan. They have an interesting and smart view of infrastructure. They are not paying out cash flow in dividends but are using it for developing per share growth. Ultimately they don't need capital markets.
If you are looking for exposure to LNG, Tourmaline would be good.