Daily Stock Opinions and Ratings

Opinions

John Embry Thistle Mining THT-T BUY ON WEAKNESS Nov 18, 2003

South African Rand is overvalued putting companies in this country under pressure. Thinks it should survive. Raising money. Risk/reward is in your favour if you buy at 0.40¢.

John Embry

Owned

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$0.480

Stock price when the opinion was issued

precious metals

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DON'T BUY

Have a hard time understanding the balance sheet so have shied away from this stock. Haven't done well in the past when they've raised a lot of money.

BUY

The high price of the Rand has been a problem. The pattern that is forming indicates it may be worth another look. There are some positive divergences.

DON'T BUY

The problem is, they have an enormous number of shares outstanding. Only buy for trading, not for a hold.

WEAK BUY

A classic opportunity if 1) gold prices go up materially and 2) the South African rand is going to start weakening. Feels they will weather the storm. Speculative.

DON'T BUY

Has the problem of a very strong South African rand. Reported a negative cash flow in the last quarter. Have a low-grade deposit.

WEAK BUY

Has had a very rough ride. Has been in a long downtrend. They have production, but are based in South Africa and the strong rand has hurt them. Interesting to nibble on. Speculative.

DON'T BUY

Had some operational difficulties and have missed some debt payments. A high cost operation in South Africa and with the Rand being strong it is a problematic stock.

DON'T BUY

A high-cost operation with some debt so they got into some financial difficulties. The Rand has hurt them. A pure speculation on higher gold prices and lower Rand.

DON'T BUY

Difficult making money in gold in South Africa at this time because of the strenth of the rand. A marginal producer.

DON'T BUY

Financial statements have been difficult to follow. Tied into gold, but also to the South African Rand which is strong.

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John Embry Thistle Mining THT-T BUY ON WEAKNESS Nov 18, 2003

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