Daily Stock Opinions and Ratings

Opinions

Peter Hodson Western Gold Fields WGI-T HOLD Mar 17, 2008

Stocks been doing OK, but not as well as some of the other players. Not the go to name right now. Will be recognized. Great management team. The next catalyst will be either a take over or a merger.

Peter Hodson

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$3.410

Stock price when the opinion was issued

precious metals

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PAST TOP PICK

(Top pick, March 26 2007. Up 42%) This will be a core holding for years. Will be largest gold position for the next 5 years. It’s so cheap it should see good appreciation in the next 12 months.

STRONG BUY

Stock has got hit in the last couple of months. At these levels it is a table pounding stock. One of the few pure North American gold plays with a producing mine. Great management. Very cheap.

COMMENT

Producing mine in Nevada. 28,500 ounces of production last quarter and are on track to do 135,000-145,000. Short reserve life but have a lot of prospective acreage. Smaller producers have less scale and are hit hard by fuel costs so the stock is down.

PAST TOP PICK

(A Top Pick Sept 20/07. Down 44%.) Sold his holdings. Moving to larger companies in terms of gold.

BUY

Like most small cap gold stocks it has under performed pretty significantly. In the US, which is good. Had a production shortfall, which they are improving in the 3rd quarter. Low grade and one mine company but he likes it. Very experienced management. Traits that very little multiples.

DON'T BUY

He is very bearish on gold as a commodity right now but, the big gold companies, are doing very well. If he were going Long on a big company, he would Pair Short with a small non-gold metals company. (See Top Picks.)

TOP PICK

California gold producer. Trading at about half net asset value of other gold companies. An old mine with all permits in place and gold is easily extractable. Expecting to increase production by 18% each year for the next 3 years. At least 10 years mine life.

SELL

Great deposit that produced several million ounces and this company came back in and put it back into production. Low-grade, open pit deposit. Being acquired by New Gold (NGD-T). (See comments under NGD-T.)

PAST TOP PICK

(A Top Pick Jan 26/09. Up 104%.) Acquired by New Gold (NGD-T).

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Peter Hodson Western Gold Fields WGI-T HOLD Mar 17, 2008

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