Stockchase Opinions

John EmbryQGX Ltd.QGX.TOPAST TOP PICKAug 10, 2004

(Past top pick June 29/04. Down 17%.) Still likes. Buying more.
$2.43

Stock price when the opinion was issued

precious metals
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COMMENT
Had gold, molybdenum and coal. Just acquired at $5 a share cash bid.
BUY
A coal company in China, which has a huge appetite. Fundamentals look good.
COMMENT
Gold exploration in Mongolia. Barrick (ABX-T) owns about 10%. He owns 2 uranium companies working in Mongolia, so doesn't like to have any more exposure in that country. Good management.
STRONG BUY
One of the cheaper stocks on the board. Totally misunderstood. It's in Mongolia, which is viewed as a problem by a lot of people. Have a terrific coal property. Feels there will be some sort of transaction on the coal project which will validate the under valuation of the Company.
DON'T BUY
It was a fantastic technical team that had a green field Mongolia asset base and some pretty good exploration upside. Had great prospects and found some terrific things, but was in the middle of nowhere.
DON'T BUY
Has only a token holding of this stock. Mongolian government put through excessive royalty taxes. They'll have to eventually change, so for the long-term, it could be OK. In the short term, it is a very unattractive country to invest in.
DON'T BUY
A proposed tax ruling in Mongolia hit the stock pretty hard. There will be some changes, but doesn't know if they will be big enough or different enough to bring investors back. Could take a long time for recovery.
DON'T BUY
Have a gold exploration asset in Mongolia. Mongolian government announced a new tax at a very high rate on mines and resources so the stock dropped.
WATCH
Chart shows that it could be now breaking out but it is important to see if it takes out the high in January.
HOLD
They are active in Mongolia. Share price is probably fair for where it is. Future performance will be contingent on exploration results but expect this will be positive.
BUY
Really likes this firm and own as much as they are allowed (19.9%). Drilling results indicate potentially a lot of coal. Also have gold assets.
TOP PICK
A stock that is badly misunderstood. Not only a gold stock, but have acquired a phenominal coal asset and molybdenum asset. Any one of these 3 defies the current price of the stock.
PAST TOP PICK
(A Top Pick Dec 22/04. Down 29%.) Remarkably cheap. Since he recommended it they have acquired a coal property which is worth more than the whole company. They also have the Houston Molygneum property in Mongolia.
HOLD
Going through that difficult patch that all the junior explorers are. Has interesting assets, particularily in Mongolia. It might well become an important producer one day. Has news flow and might want to produce more to convince the market, but there's not a lot of great action out there. Wouldn't be his favourite stock.
TOP PICK
Liked for a long time. Resourse est. Gold 3 million oz. Also has coal assest. All in mongolia. Land package + quality of managment makes it a terrific junior.