Opinions
Bryden Teich
Roxgold Inc
ROXG-T
BUY
Jul 27, 2018
$1.120
Stock price when the opinion was issued
precious metals
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He has looked at it in the past. A portfolio manager change with a few key mutual funds may have resulted in the stock priced getting hurt as they sold out of their positions. They have done a good operational job, but it is a little too small for him. He is going to take a closer look going forward.
precious metals
COMMENT
It is one of the best in the space. It has a single asset risk and exploration has not born out given what they have spent. A recent acquisition may change things in terms of diversification. A fund was a major holder of this stock last year and liquidated it and put the valuation under pressure.
precious metals
BUY
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. It is a smaller and cheaper company than the big gold names. It has more leverage to deal with, discovery and multiple expansion is possible. There is more risk. Generally, small and mid cap gold outperform in a gold rally. You need to be okay with the risk. Unlock Premium - Try 5i Free
precious metals
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He is playing the precious metals market with this stock. They have been very cost efficient and are well placed for the eventual gold price run up over the next 5 years as the US begins to deal with trillion dollar deficits. He views them as a defensive way to play this sector.