TOP PICK
(A Top Pick June 26/08.) Down 8.66%.) Vegetable protein extraction. Lots of patents, which have significant value. What they are doing in soy is world beating and hasn't been picked up and appreciated yet by the street.
TOP PICK
Fuel/gasoline distribution in Western Canada. Yield of 12% and is extremely well managed. Capital disciplined. Also has growth upside.
TOP PICK
Nice portfolio of royalties off communication and processing chips. Cheap. 6% yield. Earnings of $2 a share and growing.
PAST TOP PICK
(A Top Pick June 26/08.) Up 44.23%.) Fifty million ounces of gold resources in British Columbia, which works out to be about 1.5 ounces per share. Very good leverage. Would buy more at $26-$27.
PAST TOP PICK
(A Top Pick June 26/08.) Down 64.78%.) World's largest manufacturer of drilling tongs for oil rigs.
BUY
Quite intrigued by the size of their gold deposit in northern Quebec/Ontario. Have raised some money and are doing the things necessary to get the mine into production. OK if you are willing to take the risk associated with owning a Junior explore. Prefers Seabridge Gold (SEA-T).
BUY
They can do what no one else can, i.e. going into the hinterland and use labour for drilling. Likes management.
PARTIAL BUY
Great long-term story. If you don't have a position, he wouldn't be too cute about where you get in. Consider how long you want to stay in what would be a reasonable target price and then build a position. You could then buy on down days.
BUY
Potash play in China. Quite cheap on a PE multiple basis. Better growth opportunities than Potash (POT-T) because they are expanding their production plant. Not a mining company but is a producer and processor. Also a foreign currency play.
BUY ON WEAKNESS
Has come back from the dead. Struggled with the huge debt load and has it reduced. Have great coal and zinc assets. Possibly has run too far, too fast. Would prefer it in the $15-$20 range.
DON'T BUY
Not a fan of their business model. A bit of a legacy asset in that the print media is really hurting. Internet model is not the great generator of incremental cash flow.
DON'T BUY
Have run into some delays in Madagascar. That's a concern you have to have every time you invest in a regime that doesn't have North American standards. Have also had difficulties in getting revenues from their oil production in Cuba.
BUY
Just acquired Renegade Resources. They have put together a package of Bakken land in Saskatchewan. Will be one of the largest Bakken independent producers junior-mid-cap at about 4000 barrels a day. Lots of growth opportunity.
BUY
Still world beating in the transcription technology space. Very interesting announcements coming out of the UK in what they are doing in the courtrooms. Now cash flow positive.
COMMENT
Protein extraction through canola seeds. Have been successful in getting their Saskatchewan plant going and are now doing the same thing in North Dakota. Likes the industry and the space. (See Top Picks.)