BUY

Had challenges in getting permits. Delays sold it off. It won’t be a quick win. Will be 6-7 months before they can do the filings. Then there is a very good chance someone may take them out.

metal mines

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DON'T BUY

Doesn't like the Canadian banks currently, earnings growth is muted. Much prefers the US banks.

metal mines
WATCH

Intrigued about the geology. It worked well in New Zealand.

metal mines
COMMENT

Unfortunately, junior mining companies sector is such that nobody cares right now. Cancelled the financing in the last month, which is never a good sign in the short term. As far as a junior gold mining potential company goes, it is pretty good. Nice project and good management and they know what they are doing. It’s just an ugly scenario for gold.

metal mines
COMMENT
Got a bit ahead of itself over a year ago and he reduced his position. However, he has started to add back slowly. Did a financing and have lots of cash. Just came out with an update on their project. Part of the issue they have now is that they have to deal with the governments and the bureaucracy involved. Had been hoping to have a permit by the end of this year but this won't be out until August/13.
metal mines
COMMENT
Gold. Can't give anything to solid about this company. The story is a bit long in the tooth. Has been going on forever. 4 million is a decent size in ounces but you really want to get 10 nowadays. Not his kind of company.
metal mines
WAIT
Was Short on this one but covered the call when bad news hit. Had permit problems and project delays. Believes they will ultimately resolve the issues but won’t be without some trials and tribulations. If you are not risk averse, wait and Buy at a higher price when their problems are solved.
metal mines
COMMENT
Gold in South Carolina. A past producer that was closed and reclaimed. Good drilling success in finding more ounces and consolidating the land together to re-open and re-start. May be forced to re-engineer the entire project, resubmit a new environmental impact study and provide more data on the quality of water and disturbances in the area. EPA was not happy with the reclamation and closure plan so there is concern on increased costs. Good entry point if you have a longer-term view.
metal mines
PAST TOP PICK
(A Top Pick July 16/10. Up 34.48%.) Gold exploration in South Carolina. Have had a number of great drill results. 4 million ounces proved up and another 2 million inferred. As they continue to drill it could increase to 9 million or so. Cashed up with $100 million.
metal mines
BUY
A pre-production gold company. Exploration results have been very positive and will continue to be a very newsy story. Could be a prospective takeover target.
metal mines
COMMENT
Recently came out with drill results that were super high grade. Asset continues to get bigger and grades are getting better. Expect someone will buy the company before they go into production.
metal mines
TOP PICK
Explorer and have done an unbelievable job in the last 2 years in growing their asset base. Have about 4 million ounces that has been proven up and management believes the asset will be between 7-10 million ounces in the ground at least. Continue to get better grades on each drilling. A lot of cash on the balance sheet. Looking for production in 2012.
metal mines
WEAK BUY
Has had two mergers fall apart. Have good people on the exploration side. If they get results based on what they have in the past it would be great. Very speculative.
metal mines
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Romarco Minerals(R-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

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Romarco Minerals(R-T) Frequently Asked Questions

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