Post by
zeroreturns on Mar 05, 2008 2:23pm
Northern Rivers recommends WGI
Globe says profits won't go south with Northern Rivers
2008-03-05 07:29 ET - In the News
The Globe and Mail reports in its Wednesday, March 5, edition that Northern Rivers Innovation Fund LP portfolio manager Hugh Cleland sees a lot of promise in Western Goldfields. The Globe's Melissa Martin writes in the BNN Market Call column that Western Goldfields stock slipped 22 cents Tuesday on the Toronto Stock Exchange to close at $3.68. The stock has a one-year trading range of $1.73 to $4.13. Mr. Cleland likes Western Goldfields for many reasons. He likes the company's management, its reserves and its United States mine. Plus, Mr. Cleleand believes the stock is now undervalued. In his general outlook Mr. Cleland says: "As our cash position indicated we are cautious short-term about the market and economy. We believe that this environment bears many similarities to the recession of 1990-91, and if we are right on this, the market should put in its lows some time between now and the next couple of months. It is market environments like this that lay the ground work for the next one to two years of performance by giving us the opportunity to buy our core positions at advantages prices." Mr. Cleland said buy Western Goldfields on March 26, 2007. It was then trading at $2.28.
Comment by
thedave2006 on Mar 05, 2008 5:31pm
they've had the same top three picks on robtv for a long time.
dave.
Comment by
CHECKMATE77 on Mar 07, 2008 10:56am
the way I see it
POG goes up last 4 months
WGI had promise to go from pit to pour 1st gold..done
WGI had chance to cge value based on producer
POG goes up
wgi--goes south.
Time to look elsewhere, if POG is going 1000 plus
I want some action---wgi is NOT delivering it
cm