TOP PICK
Slow release fertilizer, which helps the Chinese food problem. Have the formula that was just adopted as the country standard. Gives them a huge competitive edge.
TOP PICK
Allows trading reward and loyalty points for others. As more customers and merchants sign on, they can become very powerful. No competition at the moment so they have a great lead. Probably won't break even on a cash flow basis until 3rd quarter 08. Well-managed and financed.
TOP PICK
Probably the most leveraged company to gold in North America. All North American assets and on a per ounce basis, trades at about $27 per ounce.
PARTIAL BUY
Basically the traffic cop of the Internet. Fabulous management team. Continues to beat expectations. Stock may be a little weak for the next couple of weeks because of a big block done by venture capitalists. He tends to buy a little at a time. Consider holding for a 2-year time hold.
COMMENT
Gold - He sees a growth in buying from India and China and on the supply side, he sees more problems because of lower grades, lower productions. He feels gold will go higher.
BUY
Meridian merger was great and this is a great company. Has a nice solid gold asset. Personally, he is more comfortable playing the larger companies in case he is wrong about gold.
BUY
Molybdenum. You're starting to see more usage of the metal. The supply/demand picture is not getting any better. Could be an acquisition target.
WATCH
5 million acres in Peru and are hugely prolific. Hd great success and know what they are doing. Doesn't seem to get the respect it deserves. Would rather buy after they have had some success and then buy the rest of their acreage as opposed to the first one.
BUY
One well was disappointing in terms of what the market was expecting. That wasn't there only play and remains one of the cheapest stocks in the international space. Good management. Should do $80 million in cash flow next year.
BUY
In Colombia. Have a management and geological team that just keeps hitting well after well. Have a fabulous asset. He owns Petrobank (PBG-T), which owns a majority stake.
BUY
Back on his radar screen as an acquisition candidate. Have cleaned up all their problems and now know how to report numbers and guide the street. Are guiding conservatively.
BUY
Had 2 good phase 3 trials. 2nd trial is going on right now. Long-term data was very effective. FDA approval will probably happen in the next year. Probably the best takeout candidate in a biotechnology space.
BUY
If you like a safer play in the gold space, one of the best ways to play is to go to a company that is not yet producing, but going to be producing in the near term. This company has a great asset in California and will be producing in the next 3 to 5 months. Ahead of schedule and ahead of budget.
PAST TOP PICK
(A Top Pick Nov 20/06. Up 30%.) Missed a quarter and there were competitive threats so he got out and missed the upswing.
PAST TOP PICK
(A Top Pick Nov 20/06. Down 27%.) Has a nice little product and they are going through their trials and there is the talk of being a takeout. However, the market just doesn't care. Sold his holdings.