Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
January 4, 2017

They tried to do a Rights Offering to spin out Brio Gold, and only about 25% were taken up. It has left the company with a bit of a debt situation. Going into 2018, they are going to have to raise some money somehow, to pay down some debt. There are other options where you don’t have this overhang.

Yamana Gold Inc. (YRI-T)
January 4, 2017

They tried to do a Rights Offering to spin out Brio Gold, and only about 25% were taken up. It has left the company with a bit of a debt situation. Going into 2018, they are going to have to raise some money somehow, to pay down some debt. There are other options where you don’t have this overhang.

Craig Porter
Senior Portfolio Manager, LOGiQ Asset Management
Price
$4.030
Owned
Unknown
COMMENT
COMMENT
January 4, 2017

He likes this. They own a portion of a Labrador mine, and get the royalties. An extra dividend was paid out to the company recently. Iron ore prices really took off last year, trading at about $80 a ton to over $300 at one time. We are now back down to $250-$220. In the last 2-3 months, the Chinese have been shutting down a lot of their steel mills because of smog problems. This will come back. Thinks you will continue to see cash flow coming out of this mine. Dividend yield of 5.4%.

He likes this. They own a portion of a Labrador mine, and get the royalties. An extra dividend was paid out to the company recently. Iron ore prices really took off last year, trading at about $80 a ton to over $300 at one time. We are now back down to $250-$220. In the last 2-3 months, the Chinese have been shutting down a lot of their steel mills because of smog problems. This will come back. Thinks you will continue to see cash flow coming out of this mine. Dividend yield of 5.4%.

Craig Porter
Senior Portfolio Manager, LOGiQ Asset Management
Price
$18.550
Owned
Yes
COMMENT
COMMENT
January 4, 2017

Newcastle Gold (NCA-X) or Roxgold (ROG-X)? This was an old mine in California that was forgotten about. Brought in a new management team which redrilled it and brought in new techniques. Not in production yet, but is more of a drilling story. It will take development over the next 3-5 years to get it back into the mine status. It should be fairly simple. Of the 2, he would think Roxgold will have the better year.

Newcastle Gold (NCA-X) or Roxgold (ROG-X)? This was an old mine in California that was forgotten about. Brought in a new management team which redrilled it and brought in new techniques. Not in production yet, but is more of a drilling story. It will take development over the next 3-5 years to get it back into the mine status. It should be fairly simple. Of the 2, he would think Roxgold will have the better year.

Craig Porter
Senior Portfolio Manager, LOGiQ Asset Management
Price
$0.770
Owned
Yes
COMMENT
COMMENT
January 4, 2017

Newcastle Gold (NCA-X) or Roxgold (ROG-X)? This is a producing mine and thinks it is probably a take-out candidate in the next year or so. Of the 2, he would think this one will have the better year.

Roxgold Inc (ROXG-T)
January 4, 2017

Newcastle Gold (NCA-X) or Roxgold (ROG-X)? This is a producing mine and thinks it is probably a take-out candidate in the next year or so. Of the 2, he would think this one will have the better year.

Craig Porter
Senior Portfolio Manager, LOGiQ Asset Management
Price
$1.300
Owned
Yes
COMMENT
COMMENT
January 4, 2017

Most retail investors don’t like this because it has underperformed for a long time. They have great oil assets in Saskatchewan, and have drilling plays they can drill for the next 20 years. The problem is, they have done a lot of acquisitions. Trading below $20 and should do well in an oil recovery. If you think oil is going back to $60-$70, this is a great company. He likes this.

Most retail investors don’t like this because it has underperformed for a long time. They have great oil assets in Saskatchewan, and have drilling plays they can drill for the next 20 years. The problem is, they have done a lot of acquisitions. Trading below $20 and should do well in an oil recovery. If you think oil is going back to $60-$70, this is a great company. He likes this.

Craig Porter
Senior Portfolio Manager, LOGiQ Asset Management
Price
$18.160
Owned
Yes
COMMENT
COMMENT
January 4, 2017

What would be a trigger to make you purchase this? This is a commodity that has been in decline for a decade. It really got hurt when we had the Fukushima tsunamis. Japan shut down a lot of the nuclear reactors. He would want to see Japan restart their reactors. There is a big supply of uranium available, and you have to question where the demand is going to come from.

What would be a trigger to make you purchase this? This is a commodity that has been in decline for a decade. It really got hurt when we had the Fukushima tsunamis. Japan shut down a lot of the nuclear reactors. He would want to see Japan restart their reactors. There is a big supply of uranium available, and you have to question where the demand is going to come from.

Craig Porter
Senior Portfolio Manager, LOGiQ Asset Management
Price
$14.230
Owned
Unknown
COMMENT
COMMENT
January 4, 2017

A case of a great mine, but a bad location. Recently sold his holdings. Quality assets. One mine is copper in the DRC in Africa as well as a platinum/nickel mine in south Africa. They are putting out great numbers on their copper mines, but he gets a little worried when the company gives out an additional 15% to the government for their continuing support. He is waiting for the price to get back to the $2.40-$2.50 range.

Ivanhoe Mines (IVN-T)
January 4, 2017

A case of a great mine, but a bad location. Recently sold his holdings. Quality assets. One mine is copper in the DRC in Africa as well as a platinum/nickel mine in south Africa. They are putting out great numbers on their copper mines, but he gets a little worried when the company gives out an additional 15% to the government for their continuing support. He is waiting for the price to get back to the $2.40-$2.50 range.

Craig Porter
Senior Portfolio Manager, LOGiQ Asset Management
Price
$2.880
Owned
No