Canaco Resources

CAN-X

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about CAN-X

Signal
Opinion
Expert
COMMENT
COMMENT
July 26, 2012
This is trading at discount to cash now. Market had been expecting them to come out with a resource and when they did, the resource was a lot smaller, a lot lower grade and the management team has lost credibility.
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This is trading at discount to cash now. Market had been expecting them to come out with a resource and when they did, the resource was a lot smaller, a lot lower grade and the management team has lost credibility.
SELL
SELL
March 7, 2012
Tough one. Has done really well. Raised a lot of money. In his letter he says to sell the stock.
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Tough one. Has done really well. Raised a lot of money. In his letter he says to sell the stock.
BUY
BUY
December 15, 2011
Gold explorer/developer in Tanzania. One of the best performers in 2010 but a poor performer this year. A lot of this has to do with the risk trade coming off, especially for explorers. Very good asset. Key catalyst is probably coming in the 1st quarter of 2012 when there is a resource update when he expects they will be in the 2-3 million ounce range. In the 2nd quarter he is looking for a prefeasibility study.
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Canaco Resources (CAN-X)
December 15, 2011
Gold explorer/developer in Tanzania. One of the best performers in 2010 but a poor performer this year. A lot of this has to do with the risk trade coming off, especially for explorers. Very good asset. Key catalyst is probably coming in the 1st quarter of 2012 when there is a resource update when he expects they will be in the 2-3 million ounce range. In the 2nd quarter he is looking for a prefeasibility study.
STRONG BUY
STRONG BUY
October 25, 2011
Only problem is that you can’t drill it fast enough. Drill results continue to be outstanding. Problem is general market conditions. Especially at this level they are a buy. Tanzania.
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Canaco Resources (CAN-X)
October 25, 2011
Only problem is that you can’t drill it fast enough. Drill results continue to be outstanding. Problem is general market conditions. Especially at this level they are a buy. Tanzania.
COMMENT
COMMENT
May 4, 2011
Just broke its 200 day moving average. Could see support come in at the $3.40 level but could even go to $2. On smaller players, you have to expect a lot more volatility. If you see some volume come in around here, you might want to take a partial position.
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Just broke its 200 day moving average. Could see support come in at the $3.40 level but could even go to $2. On smaller players, you have to expect a lot more volatility. If you see some volume come in around here, you might want to take a partial position.
TOP PICK
TOP PICK
April 25, 2011
Gold exploration/developer in Tanzania. $1 billion market cap and he is looking for its initial resource by year end of several million ounces. Significant potential.
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Gold exploration/developer in Tanzania. $1 billion market cap and he is looking for its initial resource by year end of several million ounces. Significant potential.
COMMENT
COMMENT
March 7, 2011
Have done very well buy is becoming a pretty steep valuation. Real interesting discovery in Tanzania. Has yet to go through it section by section and tie it together into a body that can be mined economically. Also have a discovery in Ethiopia that could add a lot of value but he hasn’t seen enough data to comment on it.
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Have done very well buy is becoming a pretty steep valuation. Real interesting discovery in Tanzania. Has yet to go through it section by section and tie it together into a body that can be mined economically. Also have a discovery in Ethiopia that could add a lot of value but he hasn’t seen enough data to comment on it.
BUY WEAKNESS
BUY WEAKNESS
January 7, 2011
Announced 2 or 3 days ago that on lands they have in Ethiopia, they have a poly metallic high-grade deposit.
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Canaco Resources (CAN-X)
January 7, 2011
Announced 2 or 3 days ago that on lands they have in Ethiopia, they have a poly metallic high-grade deposit.
WAIT
WAIT
November 8, 2010
Great exploration story over the last couple of years. Recently a couple of groups have show ownership of nuisance claims. Company is dealing with them. Thinks they will get resolution by the next quarter.
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Canaco Resources (CAN-X)
November 8, 2010
Great exploration story over the last couple of years. Recently a couple of groups have show ownership of nuisance claims. Company is dealing with them. Thinks they will get resolution by the next quarter.
HOLD
HOLD
September 13, 2010
There has been a great little rally in the Junior and mid-cap gold sector over the last 2 months.
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Canaco Resources (CAN-X)
September 13, 2010
There has been a great little rally in the Junior and mid-cap gold sector over the last 2 months.
BUY WEAKNESS
BUY WEAKNESS
July 29, 2010
Gold play in Tanzania. Have come up with some great drill results and have been successful with follow-up drilling. Has run a little ahead of itself on the valuation but would like to get in at a lower price.
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Gold play in Tanzania. Have come up with some great drill results and have been successful with follow-up drilling. Has run a little ahead of itself on the valuation but would like to get in at a lower price.
TOP PICK
TOP PICK
July 22, 2010
Gold. Came out with some fantastic drill results in Tanzania, 37 m with 12.5 g. Looks like they are going to have 3 million ounces ultimately. Open pit and low CapX.
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Gold. Came out with some fantastic drill results in Tanzania, 37 m with 12.5 g. Looks like they are going to have 3 million ounces ultimately. Open pit and low CapX.
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