Alacer Gold Corp (ASR-T)

(A Top Pick Nov. 3/17, Up 11%) They came in on time and under budget with the expansion. It has a lot of potential. They have debt that they had to take on to expand.

They have been doing a major expansion in their mine in Turkey. They are on time and under budget. They took on debt but still have cash. Management knows what they are doing. They could have a very fat bottom line. He sees a $6 target. (Analysts’ target: $3.43).

They are hitting their targets. When he bought them, they had no debts but they have taken on some to expand. They are bringing on their expansion under budget. There is concern about political risk but the mine is far from the danger zone. Once they get the mine running, they expect to pay down their debt. They also hope to give a dividend, though he thinks that will take a while. His sell target is $6.

100k oz producer in Turkey. Their mine is starting to wind down and they are they are entering their next phase of growth. They will be moving to 200k oz of production. These types of projects take years to ramp up. There won’t be a lot of cash flow for a year or two. They used debt.

It is in his portfolio with a target price of 6 and change. He expects to meet with management in a week. They keep reporting in terms of the amount of gold they have in the ground--it keeps increasing. Management generally completes developments of their deposits on time and within budget. His concern is that they have taken on significant debt. Once they ramp up, he thinks the price should ramp up. He thinks this is the best gold company on his list.

Has 2 major knocks against it. Based in Turkey and has about $120 million in debt. They’re expanding their copper play and making money. The balance sheet is going to get murkier, but they are coming in on a mine expansion, on time and under budget. Feels it could triple from here. (Analysts' price target is $3.15.)

(Top Pick Jan 20/16, Up 2%) There is geopolitical risk. They have now gone into a credit line. Management has managed to do the project on time and on-budget. It should add 20 years of mine life to the company when it is completed. He thinks it has a lot of upside.

(Top Pick Jan 20/16, Up 32%) Based in Turkey. He bought it when they had no debt and now they have $350 Million in debt. They are expanding and managed to hit their targets. The expansion could give them 20 years more of life. Gold has been relatively stable recently.

(A Top Pick Dec 1/15. Up 13.62%.) Just reported earnings and revenues were down 42%, but they are expanding their copper play in Turkey. They have about $215 million and about $320 million lined up. Thinks it is a good play and will go up over $6. This company is really good at hitting targets.

Gold. One of the big dangers about this company is that it is in Turkey. He doesn’t think that is going to impact them because it is not where the fighting is going on. They have US$311 million in the till. Have done a financing for $350 million, so are looking to expand their project. Made about $12 million last quarter. Good management. He could see this doubling.

(Market Call Minute.)

They have the financing in place for their copper deposits in Turkey. They are now producing gold. Management has really been doing what they said they would do. He sees how this could go up a long way from here. He likes the company.

(A Top Pick March 26/15. Up 0.75%.) Their one and only mine is located in Turkey. A lot of people question about investing in Turkey. The company has about US$360 million in the bank, with no debt. Have a line of credit for US$250 million, because they want to expand their play in Turkey to extend the mine life. Doesn’t like that the balance sheet is going to get messy to some degree, but management has been good at hitting targets. His initial Sell target is $6.84 and he still likes it. Still a Buy.