Daily Stock Opinions and Ratings

Opinions

Michael GiordanoMercator Minerals Ltd.ML.TOHOLDMay 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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DON'T BUY

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

SELL

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

HOLD

(Market Call Minute) Challenges and lack of financing.

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.

SELL

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

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.

COMMENT

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

BUY

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

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

(Market Call Minute) Likes it. Good growth ahead of them.

SELL

Small company. Properties in Arizona with copper and a little bit of molybdenum. Be very careful investing in small companies like this. Seasonality for metals would be November 13 until May 5. We are at the end of the seasonal period for copper.

BUY ON WEAKNESS

(Market Call Minute.) Copper/molybdenum producer.

COMMENT

Acquiring Stingray (SRY-T) but didn't make a lot of sense to him because it diluted molybdenum exposure. Likes moly in the medium term but short-term he is a little bit cautious because it had a big run. Long-term he expects the use of moly to expand.

HOLD

Molybdenum and copper. All the metals stocks had corrections but this was beaten up because it had financial issues. These have now been resolved. Expect it will be acquired in the next 2 or 3 years.

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Michael GiordanoMercator Minerals Ltd.ML.TOHOLDMay 28, 2013

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