TOP PICK
(A Top Pick Jan 29/07. Down 4.6%.) Significant targets to look at offshore Bordeaux France. Cheap.
TOP PICK
(A Top Pick Jan 29/07. Up 12%.) Largest gold discovery of the cycle. Expecting the final reserve update in July. Chilean political situation did not turn out as bad as expected. Probable takeover candidate by the end of year.
TOP PICK
Solar energy will grow 50% per annum for at least the next 5 years. Good portion of this company’s growth is from polyfilicon, main ingredient in solar cells. Currently 30,000 tn. of annual consumption is expected to grow to 100,000 by 2010. Expected cash flow next year is $.41 and he expects it will be $.79 by 2009. Very cheap.
PAST TOP PICK
(A Top Pick Jan 29/07. Up 48.2%.) Merging with SXR (SXR-T).
BUY
Will start production in the first quarter of 2008. They have in excess of 200,000 lbs. of uranium. Will be a significant producer in the US. Takeover candidate.
DON'T BUY
About 80% uranium. Structure and platform looks very reasonable. Gives a diversification. Would prefer to buy a basket of uranium rather than a fund.
BUY
Both uranium and gold assets. Increased their uranium reserves threefold, to 50 million lbs., creating a spike in stock price. Should continue to go higher.
BUY ON WEAKNESS
Near-term uranium production. No long-term hedges.
DON'T BUY
Their growth profile in uranium was based on Cigar Lake and its loss should not be underestimated. Continuing to make acquisitions of small exploration companies. Profitability curve is capped out..
BUY
Uranium deposit in Ghana. Feels this is a uranium basin, not a small deposit. First hole was decent grade, but they have another 14 holes coming. Stock was oversold.
COMMENT
If you own, consider taking some off the table to lower your risks.
BUY
The merger with UrAsia (UUU-X) is a big enough producing asset to be of interest for Cameco (CCO-T) or Areva (private French company).
STRONG BUY
The 3 mine policy is now up to the Australian states and Queens land is being wishy-washy. Expects they will look more favourably on this. Be patient.
BUY
The only mid-cap heavily gas weighted player in Canada. Thinks it will lead the charge up in natural gas. The seasonal trade is starting now. Exit it coming of the summer.
BUY
Natural gas. Problems in the 4th quarter. 1st quarter results were very good. Expecting big volume growth in the 2nd half of this year. The seasonal trade is starting now. Exit it coming of the summer.