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Kenneth P. Norquay, CMT Skye Resources SKR-T DON'T BUY Jun 01, 2007

A penny stock that has been flat for a long time suddenly has a huge spike, is due to promoters. Find out if it's in the Teachers Pension Plan if you want long term stocks.

Kenneth P. Norquay, CMT

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$17.720

Stock price when the opinion was issued

metal mines

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TOP PICK

A nickel project in Guatemala. Inco (N-T) owns 14% and BHP (BHP-N) bought 16% recently. Well-managed. A feasibility study is coming out in September and, he then thinks that Inco and BHP get into a bidding war.

HOLD

Company tried to sell themselves but have now decided to develop the nickel mine themselves, so the stock took a big drop. They'll have to raise a lot of money.

TOP PICK

Has a nickel property in Guatemala. Nickel is currently $15. If you use $5 nickel, the net asset value is $15 compared to its present price of $11. For every $1 increase in nickel, net asset value goes up by about $1.50. Expect it to be a takeover.

BUY

A nickel project that had a big drop. He bought after it fell. Trying to work their way to production. There will be lot of big capital expenditures needed here, so it will take time. Good price.

COMMENT

Had expected it to get taken over at $24-$25. They did a financing and decided to go it alone. Still a pretty good project. CDRC did not participate.

BUY

A nickel exploration project in Guatemala. Raising finances to get into production. A strong likelihood of it being taken over. Good price.

PAST TOP PICK

Aug 29,2006 Then $10.10 No longer owns it. Still remains a robust nickel market. One of the best takeout names in the space.

PAST TOP PICK

(A Top Pick Dec 18/06. Down 43.1%.) Oil has gone up so cost of production has increased. Have to finance a project, which means $1 billion. The lower the stock price, the more shares they have to issue to finance it, and then the lower the stock price goes. Death spiral. Hold.

WATCH

Phoenix nickel project in Guatemala was temporarily been put on hold, as they couldn't arrange financing. Very cheap.

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Kenneth P. Norquay, CMT Skye Resources SKR-T DON'T BUY Jun 01, 2007

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