Stockchase Opinions

Jon Case Primero Mining Corp P-T TOP PICK Feb 03, 2014

Run by one of the better CEOs in the industry. In the process of acquiring an Ontario gold producer. Production will be 250 oz per year. It will get onto the radar of others who have not looked at them in the past. Lots of free cash flow. 5% yield with potential to grow over time. Ontario and Mexico are two of the best jurisdictions in the world. Thinks there is potential for a re-rating.

$6.180

Stock price when the opinion was issued

Mining
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WAIT
Environmentally friendly locomotive called the Green Goat. Great product. Had trouble manufacturing through outsourcing but now have it in-house. Wait to see if it turns around. Some competition. Very speculative.
COMMENT
Environmentally friendly locomotive. Analysts are predicting a big order flow. If it gets traction, you will have a big win on your hands.
DON'T BUY
Have special energy efficient technology for locomotives. Did well on the story, but the company failed completely to deliver on any kind of expectations.
SELL
This was one that was torpedoed. Usually these don't recover. Drifted down and tried to rally and then collapsed.
DON'T BUY
Have had a delay in orders as well as a recall. Losing a lot of money every quarter. Had to raise a lot of money just to survive.
HOLD
Loved the company 2 years ago. Had great technology, green power on locomotives. Signed a lot of contracts and then couldn't build them. Ran out of money and the Teachers Pension Fund gave them enough to survive. It will be a long time before they make any money.
DON'T BUY
Almost went bankrupt. They are trying to get an electronic version for the rail lines. Had high debts and were burning a lot of cash. Were losing money on their first 2 projects. Recently found some financing with convertible debts from Teachers. Needs to see some contracts being signed.
DON'T BUY
Changing power systems of rail changers. Technology has been good but weren't able to make any profits. Have been selling at a loss. Trying to restructure and now that they have a financing in place they possibly can be more successful in getting sales. Would like to see some sales ramp up.
HOLD
Has higher lows. The worst could be over.
DON'T BUY
Amazing how companies can lose so much money and stay in business. Teacher Pension has moved in with a lot of money twice otherwise the company would be toast. If you are looking for a long-term, relatively speculative play, this might be for you.