Opinions
James Hodgins
Mercator Minerals Ltd.
ML-T
DON'T BUY
Jul 25, 2013
$0.095
Stock price when the opinion was issued
metal mines
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
You might be interested:
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.
metal mines
HOLD
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.
metal mines
Advertising
Historically he has played it from the short side. Main problem was balance sheet coming out of ’08. Highly speculative.