Stockchase Opinions

Bill Carrigan Northgate Minerals Corp. NGX-T(dead) DON'T BUY Jun 13, 2007

Typical gold stock. Over time, have not been a good investment. High interest rates, and US dollars, will cause it to go down.
$3.290

Stock price when the opinion was issued

precious metals
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COMMENT
A gold producer with one mine. Low cost because of a copper by-product. Limited growth. Possibly an acquisition candidate.
WAIT
Combination of gold and copper. Stock is coming down to the bottom of its trading range. Momentum indicators are clearly quite negative. Look for it when it's closer to the bottom of its trading range at about $2.50.
DON'T BUY
No longer has a large upside, as is typical of the resource sector. Not a stock that is interesting at this point. If copper does well then this should do well.
BUY
Heavily influenced by the price of base metals, which are all over the place. Hard to predict a target. If you were going to have a portfolio that includes speculative mining, this would be a good choice.
WATCH
Recently acquired an Australian company, Perseverance at a bargain price. He is in a “wait and see” mode as to how Perseverance will fit in. Looks very interesting.
DON'T BUY
Short reserve life. There is no good outcome for this. Have a couple projects but they need financing for them.
BUY
Thinks it works higher from here. There is a definite uptrend. 50 day moving average got too far away from the 200. Now in a congested period. If bullion breaks out this fall as he expects, this one will join in.
COMMENT
(Market Call Minute.) Okay company. Operating challenge in their Australian mines. Buy if you are bullish on gold.
DON'T BUY
Currently has a takeover offer from Aurico Gold (AUQ-T). Thinks it is good for shareholders to tender into this offer. It would be a bigger and better company. Doesn't expect there is much left in the stock.