Stockchase Opinions

Michael SmedleySouthwestern ResourcesSWG.TOBUY ON WEAKNESSJan 03, 2006

Has broken out, partly on the recovery of gold and partly on covering at the year end. Probably has a long ways to go before it is taken out. Have a large open pit mine they will continue trying to develop. Also interesting activities in Peru. They are called aspect is in China. If you own, continue to hold and by more if it drops to the $10/11 level.
$14.65

Stock price when the opinion was issued

precious metals
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

You might be interested:

COMMENT
Some controversy on some of the reported drilling results, which they are working through. Extremely cheap. Have some good assets. Think the stock will be plagued until the Board of Directors comes out and presents a new company.
DON'T BUY
The value of the Latin American assets might, at the very least, be equal to the current stock price. You have to have regard as to where the company is going as an entity. Has been a hideous disappointment due to lots of unfortunate circumstances. There is a lot of intrigue behind this. Still have their Peruvian operations.
SELL
If you are long, he would suggest that you reduce. Do not add to your position. When stocks have a horrific decline like this one, they can go to zero.
DON'T BUY
Has been a disappointment in terms of development of its mine. Haven't been able to get it together in finding enough resources to push mine development aggressively.
DON'T BUY
Excellent people with a tremendous land spread. They never seem to get to production.
BUY
Has acted extraordinarily poorly and he doesn't know why. Perhaps management doesn't project well. Thinks they have 5 million oz. in China, which could be proven in a feasibility study in the near future. Very cheap. Buy as a value play.
HOLD
Has been watching this for a long time. It is possible the worst could be over for this. Make sure it doesn't hit a 52 week low.
SELL
Has been in a downtrend since early 2006 and is below its 200 day moving average.
PAST TOP PICK
(A Top Pick Nov 30/06. Down 9.7%.) Still buying. One of the great generators of mining projects. Looking for it to be taken out in the next couple of years.
HOLD
Would be a little concerned if it started to break down through the current lows but in the meantime would continue to hold. Will take awhile to get back up to the $12 area.
DON'T BUY
Has gone sideways to down for quite a while. Wouldn't be his first choice and wouldn't be interested until it went below $7.
DON'T BUY
Had a major breakdown in March/06 and has not recovered, while a lot of other mining stocks have turned higher. Building a technical base, but hasn't done anything positive yet.
DON'T BUY
Have a project in China called Boka that received a lot of media attention a few years ago. Initially, it looked very large with very good economics. He feels the economics and it are going to be tough.
COMMENT
Upside potential is there, but has been there for 2 or 3 years. Good management and well financed and there’s nothing they’ve done wrong but the street, for some reason, doesn’t believe the asset is as good as his company thinks.
TOP PICK
Has done poorly in the last couple of years, possibly because management has thinned out. Just reported very good results. Because their market cap has shrunk, they may be cut out of the TSX index.