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

Quadra FNX Mining Ltd (QUX.TO)

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COMMENT

Merged with FNX Mining so it is now a bigger copper company. (Also some nickel.) If you think copper prices can be sustained at $2.50 plus, this will have a lot of upside. Issue right now is their financing.

BUY

Probably emerging as one of the top blue chips in Canadian mining. Very strong balance sheet and management team.

BUY

Long been an investor in FNX. Has good production. Branched into international arena. Quadra and FNX is a combination of strength.

BUY

You have to believe in higher copper prices. Cash flow is fairly significant.

COMMENT

Have to be bullish on copper, which he is for the long-term. Reasonable thing to invest in for the long term.

PAST TOP PICK

(A Top Pick June 10/09. Up 13.58%.) Formerly FNX Mining. Merger with Quadra brought the stock down but he still likes. A good hold for the long term.

WAIT

Is a merger between a copper producer and a nickel producer. One had great cash flow and the other had great growth potential. Price paid was quite high. Need to find financing for two mines. They have quite a bit of upside. Wait for resolution on financing.

HOLD

There may be some support here.

SELL

Copper has had a bit of a correction so you want to get into it. One of the most economically sensitive commodities in the world. He’s not seeing the explosive earnings he was seeing before in copper. If you play copper you are playing the continued recovery in China.

BUY

(Market Call Minute) Tones of leverage to copper. Buy if you think copper will go up.

DON'T BUY

Still going through the merger with FNX Mining so you will tread water for a little while. Nickel and copper have had good runs.

TOP PICK

High growth, mid tier copper producer. Will vault from 6th or 7nth into number 2. Have assets in very political stable mining friendly regions. The merger with FNX Mining will diversify them. Outlook for copper continues to be strong.

COMMENT

With the recent acquisitions going on, this is an interesting one. (He sticks to the large companies in the mining sector because of liquidity.) Wait for the sector to pull back or buy only a partial position for now and then buy on weakness.

DON'T BUY

Merging with FNX Mining (FNX-T) and planning on making acquisitions. Nice to see an emerging national champion but from an investment standpoint, acquisitive companies often pay a lot so it is possible they could overpay and destroyed shareholder value.

BUY

(Market Call Minute.) Copper producer. Has a great production profile. Have another asset that is not in production yet.

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Quadra FNX Mining Ltd (QUX.TO)