Topic: How To Invest

Hi Pat: Could I please have your opinion on Golden Alliance Resources Corp? And also Ditem Exploration? Thank you.

Article Excerpt

Golden Alliance Resources, $0.85, symbol GLL on Toronto (Shares outstanding: 16.8 million; Market cap: $14.3 million, www.goldenalliancecorp.com), owns five properties in Peru. Right now it is focusing its development efforts on two previously drilled projects: Rio Tabaconas (gold) and Cocha (copper/silver/gold). Golden Alliance began trading on Toronto in February 2010 at $0.25 a share. The company is looking to buy a small gold producer with growth potential. It aims to use this company’s cash flow to explore its properties. Golden Alliance has experienced management and $4 million to fund its exploration programs. However, at this early stage of development, we don’t recommend the shares. A: Ditem Explorations, $0.12, symbol DIT on Toronto (Shares outstanding: 61.7 million; Market cap: $7.1 million, www.ditem.com), is a uranium exploration company. It owns the Beartooth Island and Cree Lake properties in Saskatchewan’s Athabasca Basin, and the Otish property in Quebec’s Otish Basin. All of Ditem’s properties are at very early stages. It has identified some drilling targets,…