Scorpio Gold Corp.SGN.VWAITMay 29, 2013Stock price when the opinion was issued
As of Jun 05, 2026. Market Open.
(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.
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.