Scorpio Gold Corp.SGN.VPAST TOP PICKFeb 25, 2013Stock price when the opinion was issued
As of Jun 05, 2026. Market Open.
This is a gold company that has undergone some hits. Basically by a frivolous lawsuit in 2012, a one off interruption caused by a faulty weight scale and finally, the kicker was the price of gold. This is a growth company, inasmuch as they are taking production up to a target of 100,000 ounces over the next few years. He thinks it would do 40,000, maybe 50,000 this year. Good management. He will buy more once things stabilize.
(A Top Pick March 22/12. Down 51.49%.) Still likes. Production in the 1st quarter is going to look very much better than people think. Company has indicated that they are probably going to have a modest increase in 2013 in production and people shouldn’t get too worked up about this. Feels that production will be 40,000-50,000 ounces, which will give them $.25 per share cash flow which would get them to $1.25. If they can get the production of a higher, his target would be $1.50. Still buying.
(A Top Pick Jan 25/12. Down 30.77%.) Ran into a short-term production problem and some legal suits, both of which are out of the way now. Just reported fourth-quarter shipments of 10,000 ounces, implying 40,000+. Looking at probably 60,000 ounces which is a corporate objective. Price target of $1.50.
(A Top Pick Feb 29/12. Down 51.92%.) His target price is still $1.50.