Opinions by Michael Giordano | StockChase
339
Michael Giordano

VP Investments & Portfolio Manager

ON STOCKCHASE SINCE May 2012



Opinions by Michael Giordano


Signal Opinion Expert Chart

2013-08-14

HOLD
Great Western Minerals Group (GWG-X (Dead))

Rare earth mine in South Africa. International mines require a lot of money and political gesturing to get them up and running. The big question has been financing and when they are going to get it. In this environment, he doesn’t think it looks very good right now and needs a broad rally in the Junior resource sector. Have a good asset and they are not blowing away their cash.

Mining
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $0.150
Owned: No

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2013-08-14

BUY
Hudbay Minerals Inc. (HBM-T)

Likes what they are doing in terms of growing their mines. Have 1 or 2 operating mines in Manitoba in the Flin Flon area and starting up another. More importantly, they have a huge base metal project in Peru. A cheap valuation, but it is a lot of CapX that they are deploying in Peru. If they can’t get things up and running and they’re tight for cash, maybe somebody steps in but he thinks they can do it on their own.

precious metals
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $6.870
Owned: Yes

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2013-08-14

PAST TOP PICK
Inter Pipeline (IPL-T)

(A Top Pick August 3/12. Up 18.51%.) One of his top holdings. A diversified energy infrastructure and, because of that, they allow their revenues to come from fee based services. Have a whopping $2.9 billion of CapX projects in the works, which will generate approximately $400 million of additional EBITDA, which is on top of their existing $600 million EBITDA. He sees growth in cash flows and dividends.

oil pipelines
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $23.740
Owned: Yes

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2013-08-14

BUY
Largo Resources Ltd. (LGO-T)

(Market Call Minute.) Vanadium property in Brazil, which is close to production as well as gold in the Yukon.

metal mines
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $0.220
Owned: No

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2013-08-14

DON'T BUY
Lightstream Resources (LTS-T (Delisted)

Light oil producer both in the Bakken and the Cardium. Has a whopping $2.2 billion of debt, which has resulted in a debt to cash flow level of 3.5, basically double what other companies are trading at. Very cheap valuation at 4.5X price to cash flow. The dividend, in excess of 12%, signals that there are perhaps better ways to spend the money. Caution on this one.

oil/gas
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $7.540
Owned: No

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2013-08-14

COMMENT
Noront Resources Ltd. (NOT-X)

This is going to take a while for their operations which are in the ring of fire (northern Ontario and James Bay areas). The one positive is that Cliffs Natural Resources (CLF-N) got into the space through Spider (?) and had a lot of ambition in terms of building this new area out, as well as with the Ontario government. Things seem to have stalled.

precious metals
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $0.235
Owned: Unknown

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2013-08-14

HOLD
Orbite Aluminae (ORT-T (Unlisted)

(Market Call Minute.) They continue to develop their alumina plant in Québec. Have an offtake agreement which is a positive. Stock continues to be under pressure.

Mining
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $0.405
Owned: No

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2013-08-14

BUY
North American Palladium Ltd. (PAL-A (Unlisted)

Likes palladium given the record number of car sales being manufactured both in the US and China. China is the #1 auto market globally with over 12 million autos sold per year. This is Canada’s only palladium mine. Had a gold property which they were able to sell. If they can get their operations up and running, he thinks this is a good one to be in.

precious metals
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $1.130
Owned: No

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2013-08-14

BUY
Painted Pony Energy (PONY-T)

(Market Call Minute.) Extensive lands in Northeast BC/Montney area.

oil/gas
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $8.070
Owned: No

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2013-08-14

HOLD
RB Energy (RBI-T (De-Liste)

Have a hard rock lithium mine in northern Québec and is either in production or close to it. Got some Chinese financing to help on this mine. Good price.

precious metals
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $0.470
Owned: No

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2013-08-14

BUY
Russel Metals (RUS-T)

Steel processing company that pays a dividend. Have done extremely well. They have global customers. They are able to add value to the services they provide.

steel
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $27.200
Owned: Yes

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2013-08-14

BUY
Sherritt International Corp. (S-T)

Very cheap. Trading at about 40% below BV. Nice 4.3% dividend while you wait. Madagascar operation is up and rolling. The one risk is their Cuban operations which have a lot of investors gun shy. Trading at 3.7X cash flow.

integrated mines
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $3.910
Owned: No

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2013-08-14

HOLD
Donner Metals Ltd. (SFX-X)

Have a joint venture base metal project in Québec with Xtrata (?) which is in production. Economics are not good enough for them to generate sufficient cash flow to meet payments. We either need a pickup base metal or some sort of sweet deal from Xtrata with a takeover.

Mining
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $0.025
Owned: Unknown

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2013-08-14

HOLD
San Gold Corporation (SGR.H-X (Delist)

(Market Call Minute.) A producing mine in Manitoba. Has been a disappointment. If the gold sector does heat up, it could move.

precious metals
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $0.135
Owned: Yes

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2013-08-14

BUY
Surge Energy Inc (SGY-T)

One of his favourite intermediate oil/gas names. Management bought an asset from Cenovus (CVE-T) and converted the company into a dividend paying company much like Whitecap. Will produce about 10,700 barrels per day with a very low decline rate. Very good for a dividend model because they will continue to spin out cash flows. Dividend ratio is only 30%.

oil/gas
Michael Giordano

VP Investments & Portfolio Manager, 

Price: $5.680
Owned: Yes

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Showing 61 to 75 of 339 entries
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