Baffinland Iron Mines

Our top stock picks seem to attract way more than an average number of takeover bids. We think this is because we zero in on a company’s earnings potential, rather than basing decisions on predictions for next year’s earnings.

Corporate buyers and big investors usually see things the same way. Many investors tell us that until they began following our …read more »

BAFFINLAND IRON MINES $1.16 (Toronto symbol BIM; SI Rating: Start-up) (416-364-8820; www.baffinland.com; Shares outstanding: 343.1 million; Market cap: $398.0 million; No dividends paid) has received a friendly $1.10 a share takeover offer from Luxembourg-based Arcelor-Mittal, the world’s largest steelmaker. Baffinland recently rejected a hostile, $0.80-per-share takeover offer from Nunavut Iron Ore Acquisition.

Baffinland’s board of directors has recommended that its …read more »

BAFFINLAND IRON MINES $0.99 (Toronto symbol BIM; SI Rating: Start-up) (416-364-8820; www.baffinland.com; Shares outstanding: 342.9 million; Market cap: $339.5 million; No dividends paid) is the subject of a hostile, $274.3-million takeover offer from Nunavut Iron Ore Acquisition Inc., which is wholly owned by privately held Iron Ore Holdings, LP.

Nunavut is offering $0.80 in cash for each share of Baffinland. The …read more »

These three penny mines have promising mineral properties, substantial cash holdings, plus connections with major companies than can play a key part in helping them achieve financial success.

MIRANDA GOLD $0.43 (Toronto symbol MAD; SI Rating: Start-up) (604-689-1659; www.mirandagold.com; Shares outstanding: 51.2 million; Market cap: $22.0 million; No dividends paid) explores for gold, mainly in the Cortez Trend and Battle Mountain-Eureka …read more »

Higher commodity prices and an improving global economy have pushed up the prices of many junior mining stocks recently. And we think the best juniors have the potential to go even higher.

(In a recent Stock Pickers Digest hotline, we updated our buy/sell/hold advice on a junior mine that’s risen more than 50% in the past six months, Baffinland Iron Mines. …read more »

As the market has rebounded, more investors have been asking me whether they should invest in junior mines.
My answer is that you should always first ensure that your portfolio is spread out across the five main economic sectors (Manufacturing & Industry, Resources & Commodities, the Consumer sector, Finance and Utilities). However, junior mines can play a role in the smaller …read more »

Many junior resource stocks have rebounded lately, along with commodity prices. As well, it’s getting easier for many juniors to raise funds for exploration and development.

Here are four penny stocks that have promising prospects and cash to sustain themselves, whichever way commodity prices go. We think they have a better-than-average chance of long-term success.

MIRANDA GOLD $0.40 (Toronto symbol MAD; SI …read more »

BAFFINLAND IRON MINES $0.49 (Toronto symbol BIM; SI Rating: Start-up) (416-364-8820; www.baffinland.com; Shares outstanding: 255.3 million; Market cap: $123.8 million) is looking for a major partner for its main Mary River iron-ore project on Baffin Island.

Baffinland still hopes to start building an open-pit mine at the site next year, and plans to finish it by 2014. It then aims to …read more »

BAFFINLAND IRON MINES $0.15 (Toronto symbol BIM; SI Rating: Start-up) (416-364-8820; www.baffinland.com; Shares outstanding: 233.1 million; Market cap: $35.0 million) is now looking for a major partner for its Mary River iron ore project on Baffin Island.

Baffinland still hopes to start building an open-pit mine in 2010, with completion scheduled for 2014. It then aims to produce 18 million tonnes …read more »

Junior resources stocks have been particularly hard hit lately, not just by falling commodity prices, but also by investor fears that they won’t be able to continue to raise financing for exploration and development.

Here are four penny stocks that all have promising prospects, as well as cash to sustain their operations. We think they have a better-than-average chance of long-term …read more »