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| Blue Pearl Mining (BLE TSX $9.49) and Tara Gold Resources (TRGD Pink Sheets $1.25) |
| Thursday, December 28, 2006 |
Recently on MCM, I mentioned an explosive molybdenum company called Blue Pearl Mining (BLE-TSX $9.49), at $9.31.
 After recommending BLE, it went for a run, before pulling back to as low as $8.80. Today, we are up incrementally, because of comments on ROBTv from Peter Hodson, a fund manager for the well reputed alternative investment company – Sprott Asset Management.
Mr. Hodson’s comments can be found here, http://www.robtv.com/shows/past_archive.tv
*scroll down the page from the above mentioned link and click on the 12:30 pm show, as well as the 1:25 pm segment where BLE is again mentioned by Hodson as a top pick
Yesterday, Jean-Francois Tardif of Sprott Asset Management (SAM), conservatively pegged BLE at $15 to $18 and as high as $30 if the price of moly were to rise in 07. Hodson’s comments reiterated Tardif’s bullish outlook for BLE. Hodson calls BLE “the cheapest stock on the TSX” with Hudbay Minerals coming in second. Hodson also mentioned BLE in a report in the Financial Times today, where he praised BLE's blockbuster acquisition of Thompson Creek Minerals earlier this year. (Financial Times P8) Hodson went on to say that an NYSE listing is likely for BLE and that they have masses of stockpiled moly, in fact, BLE has $100,000,000 worth of extra stockpiled moly laying around after business expenses.
This year alone, BLE has catapulted from a penny stock, to the largest publicly traded moly company in the WORLD and the 15th largest mining company in Canada by revenue.
So much is going on with BLE, such as a feasibility study, NYSE listing, 4th Quarter 06 financial statement coming out and analyst coverage coming online, I am reiterating my recommendation on BLE.
Jean Francois Tardif’s comments can be found here, http://www.robtv.com/shows/past_archive.tv?day=wed
*Scroll down to the 12:30pm edition of Market Call
Another flyer, which is up HUGE over the last 52 weeks is Tara Gold Resources (TRGD Pinksheets $1.25).
 I have owned Tara off and on since $0.15. Today, Tara broke resistance and made a new all time high. I have a feeling that Tara may run tomorrow, so I would recommend taking a closer look as soon as possible.
Tara’s joint venture partner, Paramount gold (PGDP Pink Sheets), was last year’s high flyer and ran from under a buck to over $4 in short order, as I expect TRGD will do as well. The acquisitions keep on coming as the potential for Tara grows and grows. Remember, with Pink Sheet stocks you do NOT get the luxury of audited financial statements and the exchange can be ruthless. Be careful, but don’t miss the train. |
posted by MicroCapMayhem @ 11:20 PM   |
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| Strateco, Uranium and Everything In Between (RSC-TSXv) $2.92 (PTU-TSXv) $1.07 |
| Monday, December 18, 2006 |
Well, I'm going to keep this short and sweet - uranium is hot!
Uranium juniors these days are a dime a dozen and like many other juniors in other sectors, some make it and some don’t.
We are not interested in sticking around to see if ABC Uranium Corp. builds a profitable mine in 2009, we want to take advantage of the white hot money pouring into the junior uranium market - today.
Previously on MCM, I recommended 2 uranium juniors, Strateco Resources (RSC-TSXv) and Purepoint Uranium (PTU-TSXv) and both have gone on to see very nice gains.
With the sudden recent spike in the uranium spot price (which can be found at the top-left of the MCM site) and the way junior uranium stocks were trading today, I am reiterating my buy on Strateco Resources (RSC-TSXv). After massive gains this year, Strateco hit new all time highs today and closed at its high of the day. RSC is inching its way towards the psychological $3.00 mark and with MACD on the cusp of a bullish cross-over, it should make new all time highs within the next few trading days.
In my opinion, it’s a good risk/reward scenario and bodes well for a swing trade. Sometimes these stocks trade down in the morning, which can be the best time to buy them, as they tend to pick up steam right after lunch and close green.
For me, picking entry points is not on the top of my priority list. Instead, I choose stocks which have a lot of up-side potential and just buy at the ask. It makes things a lot easier and eliminates a lot of the guess work.
PTU, which was featured in a recent MCM article, is also starting to move again. When we last looked at Purepoint, we were waiting upon drill results, which still have not been released. With the way PTU trades with no news, I salivate at the idea of juicy drill results – this could be huge.
I will keep MCM readers updated and try to release trading alerts if news is released on either company, or other share price drivers occur.
Good luck and Happy Holidays. |
| posted by MicroCapMayhem @ 10:55 PM |
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| Blue Pearl Mining (BLE-TSX) $9.31 - An Excellent Way to Play the Molybdenum Market. |
| Thursday, December 07, 2006 |
Well, I just got back from vacationing in Whistler B.C. and it's time to get back to real life, trading and more importantly, MicroCapMayhem. I know you all missed my excellent commentary and were totally lost without me, Right? I hope? Oh well, let's get to the stock.
My play of the day may be considered a "CORE HOLDING", or one could play it as a trade, lasting anywhere from the next few weeks to the next couple of months.
If you haven't already heard of the stock, it is called Blue Pearl Mining (BLE-TSX $9.31) and is up approximately 1300% this year alone. Holy Jeepers! Blue Pearl recently acquired Thompson Creek Minerals, a private moly company, which automatically catapulted BLE to the world's fifth largest molybdenum producer and the world's largest publicly traded pure-play molybdenum company. Usually molybdenum is mined as a copper by-product. This is not the case with Blue Pearl, as they are a pure-play moly company.
Even though this stock is slightly out of my normal buy criteria - it costs $9.31 - I feel that it is the best way to play molybdenum at the moment.
If you aren't familiar with molybdenum, refer back to my articles on Roca Mines, one of our other "CORE HOLDINGS" with absolutely excellent prospects and potential for 2007.
Blue Pearl is poised to move higher in the coming weeks and months. I know what you are saying, "it's already up so much, is it really going to keep going?” Well, the answer is that there are many catalysts, which will drive Blue Pearl higher, asides from its outstanding fundamentals and low cash-flow multiples.
Some of these drivers include:
• A recent inclusion in the S&P/TSX composite index, which becomes official on December 18 and will open BLE up to more funds.
• They are expecting a feasibility study in early 07 for their 100% owned Davidson project, which is Canada's largest molybdenum mine.
• Analysts are going to begin covering BLE.
• Thompson Creek alone cash-flows $1,000,000 a day after taxes.
• Chart looks fantastic.
BLE's management team has an excellent track-record as they were behind Silver Wheaton Minerals (SLW-TSX), another success story.
I’d advise that anyone interested in playing the molybdenum market take a closer look at this gem. |
| posted by MicroCapMayhem @ 10:25 PM |
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