Topic: How To Invest

Pat, I am thinking of investing a chunk of money in Aura Minerals. What is your opinion on this stock? Thank you for your input.

Article Excerpt

Aura Minerals, $3.96, symbol ORA on Toronto (Shares outstanding: 191.4 million; Market cap: $757.9 million), has bought three producing gold mines from Yamana Gold, which is a recommendation of our Stock Pickers Digest newsletter. Aura is also considering moving forward with projects on two of its copper properties: It may restart the Aranzazu mine in Mexico. It could also develop the Arapiraca project in Brazil. The company holds cash of $75 million, which it recently raised in a share issue. That cash balance, plus its producing mines and development prospects, give it speculative appeal. The stock is okay to hold, but only for highly aggressive investors. Note that you should keep speculative stocks like Aura Minerals to a small part of your total stock portfolio. portfolio. …