Quadra FNX Mining Ltd (QUX.TO) Buy, Sell or…

Quadra FNX Mining Ltd (QUX.TO)

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14 watching

BUY

Volatility is probably due to the broad market as opposed to anything specific to the company. Cheap compared to its peers because of past operational issues. Has started to nibble on this one as the price has come down. Likes copper.

SELL

Model price is higher than it is now. There’s a little bit of room but not much. If it gets up to $17-$18 he would let it go.

DON'T BUY

Nice mixture of copper and nickel. They had some operations problems two quarters ago and the stock really got hit. The nickel side is lagging a bit. There is purer copper and purer nickel.

DON'T BUY

Has everything you would want in a stock right now. Copper, right jurisdictions. Problem is operation results. Great stock to own in between results. Over next 18 months she would like to see a joint venture on that asset to confirm it has a future value. Wants to see more consistency with this company.

DON'T BUY

Has fantastic growth, potentially copper projects, in politically safe jurisdictions. Should be a “go to“ name and should be worth $25. Problem is it might take a long time. Would prefer something else with a more dramatic impact.

HOLD

Bullish on copper over the next couple of years and thinks that the price can go even higher. This company also has some nickel exposure. The issue is that operations have had all kinds of problems that they really need to fix. As long as they can to make improvements and are able to finance their South American project, they’ll do very well.

BUY

The 2 or 3 problems it had with the Quadra mines after the merger are not permanent. One of only 2 or 3 decent sized base metals in Canada.

BUY

Lousy announcement that they were going to miss production forecast for 2011. Pretty common for miners. Long term he is very bullish on copper. Expect 20 million pounds produced globally this year, which won’t be enough for demands.

COMMENT

Owns but has been Selling his shares as fast as he can. Horrible production numbers and guidance. He’ll keep half his position.

DON'T BUY

North & South American politically safe copper story. Just sold half his position purely on valuation. Supposed to be a growth company but company essentially said “we are not growing”. Feels stock should be $25 in a few years when the mines come on. Now he has to decide is it worth waiting or is it dead money. Sentiment numbers in copper looks really extended.

BUY

Feels copper will do well over the next little while. Has a great asset. Stock was discounted because of their merger and some operational issues.Great story.

PARTIAL BUY

Copper, which is dependent on China. If the market holds together, which he expects, this will be fine, but if there is a pullback of 2%-3%, this will be down twice what the market is. Buy half now so you are covered.

BUY

Play on China, copper. 33 weeks in a row of copper inventories dropping. Can’t see it staying around as a public company for too long. It’s too good an asset. It will get taken out. It’s too cheap. There’s not many Canadian copper companies left.

TOP PICK

Likes copper, which has acted exceptionally well. Also there is a lot of political risk in some of the African and South American countries. This has become a great North American producer with lots of upside in the valuation and potential trading at 3X operating cash flow.

WEAK BUY

Copper and Nickel. Market was hot on it and then there was disappointing news. He prefers IMN. But this is a good one.

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Quadra FNX Mining Ltd (QUX.TO)