Breakwater Resources
Toronto symbol BWR, operates three producing zinc mines: the Myra Falls mine in B.C., El Mochito mine in Honduras, and El Toqui in Chile.
Another one of our buys —Breakwater Resources $7.42, symbol BWR on Toronto — has attracted a takeover bid.
Breakwater is now the subject of a friendly, $663-million offer from Belgium-based Nyrstar, a major global producer of zinc and lead, as well as silver, gold and copper.
Nyrstar’s offer is for $7.00 a share in cash for all of Breakwater’s shares. In addition, …read more »
Breakwater Resources, symbol BWR on Toronto, mainly produces zinc. The Canadian mining stocks operations include the Myra Falls mine in B.C., the Mochito mine in Honduras and the Toqui mine in Chile. Work is on schedule to restart the Langlois Mine in Quebec in the first quarter of 2012.
We analyze Breakwater in Stock Pickers Digest, our newsletter for aggressive …read more »
BREAKWATER RESOURCES $6.61 (Toronto symbol BWR; TSINetwork Rating: Speculative) (416-363-4798; www.breakwater.ca; Shares outstanding: 70.4 million; Market cap: $465.6 million; No dividends paid) (All figures reflect a 1-for-10 consolidation in June 2010) mainly produces zinc. The company operates the Myra Falls mine in B.C., the Mochito mine in Honduras and the Toqui mine in Chile.
Breakwater’s shares have jumped 223.5% from …read more »
MART RESOURCES $0.70 (Toronto symbol MMT; SI Rating: Speculative) (403-270-1841; www.martresources.com; Shares outstanding: 335.5 million; Market cap: $115.8 million; No dividends paid) is focused on developing, producing and drilling for oil at its onshore properties in Africa. Mart is currently producing oil from its 50%-held Umusadege field in Nigeria.
Mart recently released preliminary results from its latest well at the …read more »
COMPTON PETROLEUM $1.25 (Toronto symbol CMT; SI Rating: Speculative) (403-237-9400; www.comptonpetroleum.com; Shares outstanding: 130 million; Market cap: $162.5 million) has dropped its plan to sell the company. In February, 2008, Compton initiated a strategic review in response to repeated requests from its largest shareholder, New York-based private equity firm Centennial Energy Partners. Centennial holds a 19.8% interest in Compton. In …read more »
NISSAN MOTOR CO. $17.49 (Nasdaq symbol NSANY; SI Rating: Above-average) (310-771-3111; www.nissanmotors.com; Shares outstanding: 2.3 billion; Market cap: $39.5 billion) is joining with Japanese technology giant NEC to invest $115 million over the next three years to mass-produce lithium-ion batteries for use in electric cars and gas-electric hybrid cars. Nissan will hold a 51% stake in the venture, which will …read more »
PRT FOREST REGENERATION INCOME FUND $6.54 (Toronto symbol PRT.UN; SI Rating: Speculative) (250-381-1404; www.prtgroup.com; Shares outstanding: 9.6 million; Market cap: $62.8 million) has cut its monthly distribution by 34.2% to $0.046 from $0.07. The units now yield 8.4%.
The weaker U.S. housing market and the higher Canadian dollar has hurt Canadian forest products firms. That in turn has cut demand for …read more »
DUNDEEWEALTH INC. $18.65 (Toronto symbol DW; SI Rating: Speculative) (1-800-301-6745; www.dundeewealth.com; Shares outstanding: 144.3 million; Market cap: $2.7 billion) is up over 40% since CI Financial Income Fund, symbol CIX.UN on Toronto, launched a hostile $2.36 billion takeover bid for the company.
CI Financial will pay 0.75 of a CI unit for each DundeeWealth share. Based on today’s CI Financial unit …read more »
DUNDEE CORP. $23 (Toronto symbol DC.A; Aggressive Growth Portfolio, Finance sector; Shares outstanding: 75.4 million; Market cap: $1.7 billion; SI Rating: Average) is reorganizing its operations, and selling certain assets. Dundee is a holding company with subsidiaries in three main areas: wealth management, real estate and resources.
Dundee’s main subsidiary is 56.3%-owned DundeeWealth Inc., which offers wealth management services and owns …read more »
We feel most investors should hold the bulk of their investment portfolios in securities from wellestablished companies. However, you may also want to hold some aggressive stocks.
Most of our aggressive recommendations have a strong hold on niche markets. This approach cuts your risk by zeroing in on companies like these five, whose strong long-term prospects will help them overcome the …read more »
