Stockchase Opinions

Charles Oliver, HBSc CFA Southwestern Resources SWG-T COMMENT Jul 07, 2008

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.
$0.700

Stock price when the opinion was issued

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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.
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.
SELL
Has been in a downtrend since early 2006 and is below its 200 day moving average.
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.
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.
DON'T BUY
Excellent people with a tremendous land spread. They never seem to get to production.
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.
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
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.