Daily Stock Opinions and Ratings

Opinions

Michael Giordano Mercator Minerals Ltd. ML-T HOLD May 28, 2013

Copper molybdenum producer in northwest Arizona. Also, acquired a couple of other assets in Mexico. Their problem had been getting financing for their Mexican mines and the market punished them for making the acquisitions. You are at the mercy of copper/molybdenum prices which he feels have bottomed.

Michael Giordano

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$0.215

Stock price when the opinion was issued

metal mines

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BUY

Molybdenum and copper production beat expectations. He is positive on both commodities. Looks like it could get to $3.50 in a year or so.

BUY

Copper and molybdenum producer. Still has a lot of room to run. Good production profile.

COMMENT

Possible merger with Creston Moly (CMS-X) would be good. Will increase their size. Similar minerals and both in North America.

HOLD

Copper/molybdenum play in Nevada. Two attractive minerals in a geographically safe area. Too small for him but likes what they do. You’ll have to wait for a re-acceleration of base metal prices.

SELL

(Market Call Minute) Hold to sell. Challenges operationally and could not get financing on their new mine.

WATCH

Copper project and now Moly. Have a Mexican project. Have new CEO and had to revise guidance. Had difficulty getting financing and there were concerns about them running out of money and stopping Mexican project. He would watch it closely. Moly market is weak and not showing any signs of recovery.

HOLD

(Market Call Minute) Challenges and lack of financing.

SELL

In talks on restructuring debt. Has a $0.50 target on this.

DON'T BUY

Historically he has played it from the short side. Main problem was balance sheet coming out of ’08. Highly speculative.

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Michael Giordano Mercator Minerals Ltd. ML-T HOLD May 28, 2013

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