| DON'T BUY | | IMAX Corp. | IMAX-Q | 7.390 | Got into a little of trouble in the past with revenue recognition. Tried unsuccessfully to sell the company 2 years ago. Changing the business model so are on track in turning things around, Wait to see if the new model will work for them. | 2008-06-18 | |
| BUY | | Questerre Energy | QEC-T | 4.640 | Natural gas in the Quebec shale. Early stage but upside potential is so great that you have to be there. Possibly could own 10 TCF if everything works out. | 2008-06-18 | |
| BUY | | Bankers Petroleum | BNK-T | 2.010 | Likes the story. Spinning off their US assets. A lot of upside. | 2008-06-18 | |
| BUY | | Prometic Life Sciences Inc. | PLI-T | 0.390 | Have a red blood cell booster for people who are going into chemotherapy. Have signed a couple of deals but he is really waiting for a joint venture. A “show me” stock. Good risk/reward. | 2008-06-18 | |
| BUY | | New Millennium Capital Corp. | NML-X | 1.760 | Very large iron ore deposit. Has done well because they’ve been trying to sell the company and analysts think the take out value is much higher. Risk/reward is great. | 2008-06-18 | |
| TOP PICK | | Orleans Energy Ltd. | OEX-T | 5.580 | Natural gas/oil play in Alberta with gas at about 80%. Have done a superb job in growing production. Exit rate could be between 3300 and 3400. Also have some highly prospective, high impact wells in the Montne area. | 2008-06-18 | |
| TOP PICK | | Largo Resources Ltd. | LGO-X | 1.210 | Vanadium play in Brazil. Highest grade in the world. Expect they will go into production in about 2010. Open pit mining. | 2008-06-18 | |
| TOP PICK | | Capstone Mining Corp. | CS-T | 2.940 | Copper/silver play in Mexico. An unknown story. Market cap of about $225 million. Own 27 million shares of Silverstone Resources at $3, about $80 million asset. Also have about $40 million in cash. Earned $.28 per share in 2007. Guiding another 30% growth in production for this year. | 2008-01-30 | |
| TOP PICK | | Dynasty Metals & Mining Inc. | DMM-T | 8.080 | Gold exploration in Ecuador. Held back because of problems in Ecuador. Of any of the gold companies, this is by far the cheapest. Trading at about 3.5X NAV. $35 per ounce in the ground. Currently at 6 million ounces and can easily go to 10 million once they drill up more of their properties. Have only explored about 25% of their properties. Will be producing in Q2 of this year. | 2008-01-30 | |
| Comment | | Timminco Ltd. | TIM-T | 13.440 | Had a big run up to about $23 at the end of the year, but the market has been jittery over the last 4 weeks or so and the stock has come off quite a bit. Fundamentally, the story has gotten even better. Feels the company can earn over $2 per share by 2010. | 2008-01-30 | |
| Comment | | Falcon Oil & Gas | FO-X | 0.350 | Oil/gas play in Hungary. Were not able to complete a couple of their drillings. Initial tests results were not very strong. Brought a new management and did another round of financing at $.40. Very risky stock but the risk/reward is good. | 2008-01-30 | |
| BUY | | Wi-Lan Inc. | WIN-T | 2.250 | Just reported record revenues and earnings and has an extremely low P/E for a tech company. Making $.36 a share. Has about $1 a share in cash. | 2008-01-30 | |
| HOLD | | Kangaroo Media Inc. | KTV-T | 0.480 | Consumer acceptance has not been as strong as anticipated. There were a number of downgrades near the end of last year. Have about $.75 per share in cash. He prefers Growth At a Reasonable Price (GARP) but thinks it has been oversold. Currently they do not have her earnings. | 2008-01-30 | |
