Grandich's Blog

12 Responses to “Model Portfolio Update”

1. susan says:

   September 30, 2009 at 9:19 am

   From BMO today on NGD:
   “New Gold Inc.: A Solid Pipeline and Corporate Strategy (CDN Equity) 1.5 MB (09/28)
   BMO Research is initiating coverage of New Gold with an Outperform rating. New Gold is an intermediate gold producer with a portfolio of assets in politically stable jurisdictions. Upon completion of the Western Goldfields (WGI) acquisition, NGD has vaulted to intermediate status with 2010E gold production of 345koz of gold at cash costs of US$425/oz. NGD has a pipeline of projects (New Afton, El Morro and Amapari) that could increase gold production by 67% and copper by 1,151% by 2015. Alternatively, NGD is in the position to divest certain assets. In this regard, NGD offers flexible … “
2. Kevin G says:

   September 30, 2009 at 10:49 am

   Grandich, where do you find these great newsletters? and FREE!
3. chris ruel says:

   September 30, 2009 at 1:01 pm

   Diamond article

   http://www.canada.com/business/fp/Gleam+returning+diamond+sector/2047885/story.html
4. chris ruel says:

   September 30, 2009 at 1:12 pm

   tgb/tko nr

   Taseko Purchases Convertible Bonds and Secures Debt Financing Packages

   * Press Release
   * Source: Taseko Mines Limited
   * On Wednesday September 30, 2009, 1:05 pm EDT

   o
   Buzz up! 0
   o Print

   *
   Companies:
   o Taseko Mines Ltd.

   VANCOUVER, Sept. 30 /PRNewswire-FirstCall/ – Taseko Mines Limited (TSX: TKO; NYSE AMEX: TGB) (”Taseko” or the “Company”) is pleased to announce that it has recently completed the repurchase of the remaining US$10 million of Convertible Bonds. The entire US$30 million of Convertible Bonds were repurchased from June to August out of working capital.
   Related Quotes
   Symbol Price Change
   TGB 2.61 +0.08
   Chart for TASEKO MINES LTD
   {”s” : “tgb”,”k” : “c10,l10,p20,t10″,”o” : “”,”j” : “”}

   In September, Taseko completed two debt financings totalling C$29.0 million that will enable the Company to complete planned production enhancements at its Gibraltar Mine, as well as increase general working capital. The debt financings include a US$20.0 million increase to its existing credit facility with Credit Suisse, adding Investec Bank PLC to its lender group, and a C$7.1 million royalty financing, placed in Canada, which pays a 6% royalty. The terms of the expanded credit facility are consistent with the existing facility.

   Peter Mitchell, CFO of Taseko commented, “In the last six months, under difficult financial market conditions, we have closed $50 million of debt financing and eliminated the convertible debt and associated dilution, as well as significantly reducing other short-term liabilities. Our improved balance sheet now provides financial flexibility and will allow our Gibraltar operational staff to continue to advance capital projects and cost containment initiatives, further enhancing profitability.

   Mr. Mitchell continued, “Strong relationships with multiple international banks will be very important and create opportunities as we progress financing activities related to Prosperity.”
5. James says:

   September 30, 2009 at 1:51 pm

   I like GBG and have owned it for quite some time. The short story on them is that they have a HIGH grade(2.7Moz @ 1.3 oz/tonne), narrow vein system mine(Hollister) currently producing in Nevada. They were having the ore contract milled but have recently purchased a mill and are refurbishing it while stockpiling the ore. The deposit is still open and being explored. They also have the Burnstone mine in South Africa which is being constructed with production slated to start in 2010(13Moz). Burnstone is a very SHALLOW deposit for south africa and as such can be extracted at a lower cost than their peers. The original plan was to finance Burnstone with the mine in Nevada but a few hickups were experienced along the way. The shares have now been diluted and the company should be financed through productioni on burnstone.
   DYODD
6. Bob says:

   September 30, 2009 at 3:18 pm

   Peter: two questions:
   EVG- You lowered the “buy up to price” to $1.40 (from $1.50). Should we take this as a negative towards this stock? Related: Why does EVG continue to underperform compared to it’s competitors as of late after some rather positive announcements?
7. susan says:

   September 30, 2009 at 5:34 pm

   Chris, Klaus – you may want to check out DSCO a small pharm that received some positive FDA news. Stock price was up 22% and volume according to IBD was up a whopping 1201%! Seems to me some shorts are getting squeezed.
8. wolfgang says:

   September 30, 2009 at 7:16 pm

   hey Peter I see Donner released some news today.Any comments on it?
9. Klaus Willmann says:

   September 30, 2009 at 7:40 pm

   Hi Susan – these small pharmas are a hoot, aren’t they? They rise & fall with FDA musings. I never know how to trade these stocks – they always seem to gap up or down whenever there is news. Perhaps we should get a spy in the FDA.
10. superstar says:

    September 30, 2009 at 9:31 pm

    Hey James

    Thanks for the scoop on GBG. I’m glad there is some info offered on Peter’s recco.
11. susan says:

    October 1, 2009 at 8:52 am

    For your Canadian gold bugs…..story in Casey today that the Nova Scotia bank is offering to sell and deliver gold right to you home. Very interesting times these be.
12. gamma says:

    October 1, 2009 at 12:53 pm

    Those are known as Gold Bed Bugs cuz they don’t get out of bed for fear of mines …