Buy reiterated Rated Companies Mentioned in this Report
Company Ticker R&R Rating Price Mkt Cap 12 Month
($ MM) Price Target
Douglas Lake Minerals, DLKM Market Perform
.09 $27.67 NA
Inc.
RATING SUMMARY
Distribution of Ratings Table
IB Serv./Past 12 Mos
Rating Count Percent Count Percent
Market Outperform(MO) 93 62.00% 20 21.51%
Market Perform(MP) 32 21.30% 4 12.50%
Market Underperform(MU) 6 4.00% 0 0.00%
Under Review(UR) 19 12.70% 3 15.79%
Total 150 100% 27 100%
Investment Banking Services include, but are not limited to, acting as a
manager/co-manager in the underwriting or placement of securities, acting
as financial advisor, and/or providing corporate finance or capital
markets-related services to a company or one of its affiliates or
subsidiaries within the past 12 months.
ADDITIONAL DISCLOSURES
Rodman & Renshaw, LLC. (the "Firm") is a member of FINRA and SIPC and a
registered U.S. Broker-Dealer.
ANALYST CERTIFICATIONI, Wayne Atwell, CFA, hereby certify that the views
expressed in this research report accurately reflect my personal views
about the subject company(ies) and its (their) securities.
None of the research analysts or the research analyst's household has a
financial interest in the securities of Canaco Resources Inc. and Douglas
Lake Minerals, Inc. (including, without limitation, any option, right,
warrant, future, long or short position).
As of Dec 31 2011 neither the Firm nor its affiliates beneficially own 1%
or more of any class of common equity securities of Canaco Resources Inc.
and Douglas Lake Minerals, Inc..
Neither the research analyst nor the Firm has any material conflict of
interest with Canaco Resources Inc. and Douglas Lake Minerals, Inc., of
which the research analyst knows or has reason to know at the time of
publication of this research report.
The research analyst principally responsible for preparation of the
report does not receive compensation that is based upon any specific
investment banking services or transaction but is compensated based on
factors including total revenue and profitability of the Firm, a
substantial portion of which is derived from investment banking services.
The Firm or its affiliates did not receive compensation from Canaco
Resources Inc. and Douglas Lake Minerals, Inc. for any investment banking
services within twelve months before, but intends to seek compensation
from the companies mentioned in this report for investment banking
services within three months, following publication of the research
report.
Neither the research analyst nor any member of the research analyst's
household nor the Firm serves as an officer, director or advisory board
member of Canaco Resources Inc. and Douglas Lake Minerals, Inc..
The Firm does not make a market in Canaco Resources Inc. and Douglas Lake
Minerals, Inc. securities as of the date of this research report.
Any opinions expressed herein are statements of our judgment as of the
date of publication and are subject to change without notice.
Reproduction without written permission is prohibited. The intraday
prices of securities mentioned in this report are as of Jan 19 2012.
Additional information is available to clients upon written request. For
complete research report on Canaco Resources Inc., please call (212) 356-
0500.
Readers are advised that this analysis report is issued solely for
informational purposes and is not to be construed as an offer to sell or
the solicitation of an offer to buy. The information contained herein is
based on sources which we believe to be reliable but is not guaranteed by
us as being accurate and does not purport to be a complete statement or
summary of the available data. Past performance is no guarantee of future
results.
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-0- Jan/19/2012 19:32 GMT