Combination of a yield over 6% and a royalty company that doesn’t actually operate mines. It takes a royalty on each tone ship and a % royalty on the probability. Banking on the Asian market doing ok.
Canadian dollar play so no currency risk. Gold is held at the mint. It is hard for smaller investors to buy bullion. This is like buying it. For people who want to participate in the gold market and not the production companies. If price of gold goes down, then this one goes down. It trades at a very small premium from the issue price.
(Top Pick Feb 7/11, Down 19.30%) is a bank that was not part of the debacle. Head office has moved from London to far east to show they are all about Asia.
They just did a financing. The fundamentals are quite good. The equity issue was done at a discount to the market to make it successful so it rolled off a bit. The stock still shows some weakness. He has talked about buying some on a pullback.
It looks like we might be getting a bottom in the stock. Nobody can make money in Nat Gas. This is a great stock. If gas goes up $1 or $1.50 then it will do well. 4% dividend. Hedging in place this year so dividend is safe. He is positive on it. It may not do anything for a while.
The Chili mine straddles a border. Some say there are no rights to mine the metal. It will have some impact if this is true, but ABX is a huge company and this would have little impact. The mine is coming on line. He can’t define it any more than that.
Likes gold, putting in quite a good consolidation. In the relative future we are going to see some new highs. They have had some operating challenges and with oil going up there is an impact on remote mines where you have to import the fuel. All that has to happen is to get the gold going a little better. This one is a good intermediate one.
Not a core stock. The results were right in line today. They have a big foot print now in the US. They have been there for 30 years and know the market down there. When the thing in the stats fixes itself in the next few years it will be good for them.
The way he play US the energy market is that he thinks we have the best energy stock in the world here and you get the dividend tax credit so stay here. Prefers Vermillion, crescent point – the oilies. Buy them on dips.
Agri groups have looked pretty good. Buy on a pull back. He sold on a rally and is looking at POT a bit more, but would add to positions on a pullback.