Opinions Rob Callander
Placer DomePDG.TOTOP PICKOct 05, 2005
Betting that this company is going to turn around all of the problems that has beset it this year. Have announced one new mine. Believes that gold will go over $500. Feels this stock will improve more than Barrick (ABX-T) percentage wise.
Rob CallanderOwned
$19.10
Stock price when the opinion was issued
precious metals
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BUY
He has just bought. Great asset company. Great technologies. Thinks that tie(?) will work.
Peter HodsonOwned
precious metals
BUY
Barrick (ABX-T) is acquiring them, but this does not mean the game is over. There could still be another suitor. If Barrick ends up the winner, you will end up with the largest gold company in the world with a fantastic line of projects. They are undervalued.
Bill BelovayOwned
precious metals
WAIT
A speculation. Barrick ABX-T) is the obvious fit for this company because of the synergies. Wait foir anothr $2/3 from the current level. Let the deal go through and then see hwo it goes with the gold sector.
Pierre BernardOwned
precious metals
BUY
The way he would play gold is to own a gold stock but not to hang on to it as a crisis insurance. Write calls against at least 70% of that portfolio, drive in very good cash flow against what you are getting, and you'll be quite happy with that position. Options are a high risk venture, no matter how you slice it.
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TOP PICK
All portfolios should have some exposure to gold. This is a more leveraged play. Its valuation has been knocked down a lot on issues of some of its mines having production problems. They have 3 big projects coming up for approval, so will have lots of new ore coming on. Also has a big exposure to copper.
Norman LevineOwned
precious metals
BUY
Gold's been a laggard this year and stocks have done nothing over the last 18 months. Gold has now broken out other currencies like Euro's and Yen's. An inflation environment with low interest rates and high oil prices is generally good for gold. Not the most impressed with the quality of Placer, but it is cheaper than Barrick (ABX-T) and is the logical takeout.
Gavin GrahamOwned
precious metals
TOP PICK
The gold market is showing signs of turning and starting to act well. Placer had some problems with costs in some mines and thinks they will be successful in getting costs under control in the 2nd half of the year. They're also big in copper which has been doing exceedingly well.
Norman LevineOwned
precious metals
