RE: RE: RE: RE: RE: Short InterestI find most of the so called expert opinions on BNN's Market Call are only semi useful - if that much. Some are are more informed than others but often they don't really know enough of the companies in question to render an expert opinion.
I thought this guy James Hodgins was just winging it about SMF when he was on. The company, like all companies nowadays, has more cash stashed away than normal times. A lot of the shareholders have called for dividending that cash out, or buy back shares, to ward off the shorts. The company basically just waive that off, stating in a righteous manner that this cash is for future developments. It's strategy seems to just let the shorts have their way for now, and they'll be gone - eventually. Tell that to the poor investor of SMF that has to sell into such artificially depressed share prices! What about protecting investor interest, Benoit Lasselle?
Anyway, for a good laugh here is the list of the BNN Market Call comments on SMF in the past six months. They're all over the map. Yet SP has been trapped in the $7 to $8 level.
| DON'T BUY |
7.320 |
James Hodgins |
Not really a senior producer but is more of a small-intermediate producer that is going to require more access to capital to continue to grow production. Looking at this one from the Short side. |
2011-10-20 |
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| Comment |
8.300 |
Jeff Parent B. Eng. FCSI |
Chart shows a nice bold type pattern with a downward face (?) followed by some support. There is an inverse head and shoulders pattern ,which is very positive. On the rally, it has the potential to go above $10. |
2011-08-22 |
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| HOLD |
7.130 |
James Hodgins |
Gold producer and developer in West Africa. The decline in the stock he doesn't feel is anything company specific. Small-cap gold producers generally in regions not considered the safest, have had a difficult time. Likes of for a 2-year view. Good production profile. |
2011-06-27 |
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| TOP PICK |
7.830 |
Jeff Parent B. Eng. FCSI |
Is in a down trend but is bottoming up. Looking for a turnaround, looking toward the $9 level. $10 or $11, one year target. |
2011-06-07 |
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| BUY |
7.730 |
Andrew Cook |
Suffered from 1) seasonal peak in gold and 2) production profile has been increasing in the last couple of years but this year has been fairly flat. Will start to increase again next year. Have been increasing the size of their resource in Burkina Faso significantly. 2012 will be the start of a new leg of growth. Risk/reward is pretty good. |
2011-05-19 |
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| BUY |
8.720 |
Rick Stuchberry |
Gold mine in West Africa. Difficulty when you are in some of the developing countries is the political risk. There was a hiccup there in the last 2 weeks. Things seem to be back to normal and the mines weren’t really affected. Costs are affected as energy has popped up a fair bit. At this price there is lots of upside. |
2011-04-21 |