Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
August 2, 2016

This is a small-cap company. He recently did a flow-through financing for them. Despite the name, this is going to be producing gold and copper in the 2nd half of 2017. It will probably generate $15-$20 million in cash flow in the 2nd half of 2017.

This is a small-cap company. He recently did a flow-through financing for them. Despite the name, this is going to be producing gold and copper in the 2nd half of 2017. It will probably generate $15-$20 million in cash flow in the 2nd half of 2017.

Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$0.405
Owned
Yes
COMMENT
COMMENT
August 2, 2016

Silver has outperformed gold year to date, 50% versus 30% in terms of upside. He prefers to play silver through Silver Wheaton (SLW-T) giving a lower risk torque.

SSR Mining (SSRM-T)
August 2, 2016

Silver has outperformed gold year to date, 50% versus 30% in terms of upside. He prefers to play silver through Silver Wheaton (SLW-T) giving a lower risk torque.

Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$18.550
Owned
No
COMMENT
COMMENT
August 2, 2016

His view is that the potash market is a bit broken. There are a number of new projects coming online, which are long dated. Thinks there is still more downside to potash prices going into 2017.

His view is that the potash market is a bit broken. There are a number of new projects coming online, which are long dated. Thinks there is still more downside to potash prices going into 2017.

Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$20.770
Owned
No
COMMENT
COMMENT
August 2, 2016

A zinc producer so it is kind of in the sweet spot for him in that zinc, year-to-date, has been the best performer. Zinc is currently at $1 now, and he sees upside to $1.20. This company has performed as zinc has started to move, and is the cleanest way to play zinc. They just went commercial on their New Brunswick mine, Caribou, which should lead to a ramp up slowly to 140 million pounds, when cash flow starts to get generated. The biggest question for this company is, what’s next. You can own this for 2-3 years and do quite well.

A zinc producer so it is kind of in the sweet spot for him in that zinc, year-to-date, has been the best performer. Zinc is currently at $1 now, and he sees upside to $1.20. This company has performed as zinc has started to move, and is the cleanest way to play zinc. They just went commercial on their New Brunswick mine, Caribou, which should lead to a ramp up slowly to 140 million pounds, when cash flow starts to get generated. The biggest question for this company is, what’s next. You can own this for 2-3 years and do quite well.

Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$0.940
Owned
Yes
COMMENT
COMMENT
August 2, 2016

This has done quite well. One of those classic stories in that it just overcorrected, some of it justified by past weak performance. They have gotten back to their knitting in terms of reducing costs and creating free cash flow. Just sold one of their Mexican mines.

This has done quite well. One of those classic stories in that it just overcorrected, some of it justified by past weak performance. They have gotten back to their knitting in terms of reducing costs and creating free cash flow. Just sold one of their Mexican mines.

Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$7.660
Owned
Yes
PAST TOP PICK
PAST TOP PICK
August 2, 2016

(A Top Pick Sept 25/16. Up 23.6%.) He continues to like this. Considers it a pretty conservatively run company. Management credibility is quite strong.

(A Top Pick Sept 25/16. Up 23.6%.) He continues to like this. Considers it a pretty conservatively run company. Management credibility is quite strong.

Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$6.840
Owned
Yes
PAST TOP PICK
PAST TOP PICK
August 2, 2016

(A Top Pick Sept 25/16. Down 21.35%.) He left this position earlier this year. Had difficulty seeing the recurring revenues theme continue, especially with things like their oil sands.

(A Top Pick Sept 25/16. Down 21.35%.) He left this position earlier this year. Had difficulty seeing the recurring revenues theme continue, especially with things like their oil sands.

Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$1.870
Owned
No