Global Ship Lease Inc GSL

Alternate Symbol(s): GSL.P.B

Industrials

Global Ship Lease, Inc. is a United Kingdom-based containership owner, leasing ships to container shipping companies under industry-standard, fixed-rate time charters. The Company focuses on mid-size Post-Panamax and smaller containerships. As a containership owner, its business is both procyclical with chartered tonnage and counter-cyclical with sale and lease-back structures. The Company owns 68 containerships, ranging from 2,207 to 11,040 TEU, with a combined capacity of 375,406 TEU. 36 ships are wide beam Post-Panamax. The mix of ship sizes within its fleet provides flexibility to deploy its vessels on a range of trading routes. Its portfolio of vessels includes CMA CGM Thalassa, ZIM Norfolk, Anthea Y, ZIM Xiamen, MSC Tianjin, MSC Qingdao, GSL Ningbo, GSL Alexandra, GSL Effie, GSL Lydia, GSL Sofia, GSL Kalliopi, GSL Grania, GSL Eleni, Mary, Kristina, Katherine, Alexandra, Alexis, Olivia I, CMA CGM Berlioz, Agios Dimitrios, and GSL Christel Elisabeth, among others.

NYSE:GSL - Post by User

Global Ship Lease Inc

Bullboard Posts

Post by churgstrausson Feb 26, 2007 12:09am

273 Views

Post# 12309283

Bill Belovay on Gold Stocks

Bill Belovay, VP and portfolio manager, Jones Heward Investment Counsel

ELDORADO GOLD (AMEX:EGO TSE:ELD): very leveraged to gold price, has had good runup, operations in Turkey, not a bad place to operate in, coming on in production in line, also operation in China, also online, not a bad stock to hold at this stage, cannot give recommendation on buy or sell, nothing fundamentally wrong with this..target entirely depends on gold price

GREYSTAR (TSE:GSL): we hold Greystar in our portfolios..first of all, it is Columbia, closest ally of US currently in South America..prospect pretty large..Columbia risk, seems to be strange to me..South Africa much more violent country but people more willing to invest in South Africa but not Columbia..Anglogold in Columbia, could be a possible purchaser of Greystar

OSISKO EXPLORATION (CVE:OSK): one of the stocks that I came in too late, slightly under $10..brokers kept stock to themselves..town bolt right on property, but quite amenable to mining taking place..vast reserve but maybe priced in right at the moment..drilling adjacent property, perhaps several million ounces adjacent..quite happy with fundamentals..if you put metrics that AGNICO-EAGLE (NYSE:AEM TSE:AEM) paid for Cumberland, could come up with higher price

PAST PICK GOLDCORP (NYSE:GG TSE:G): one of my liquid stocks in gold, I am quite happy with it..unfortunately with these big stocks, would do better in gold metal than gold shares, big companies poor performers relative to gold price..action seems to be in smaller companies

MERIDIAN GOLD (TSE:MNG): been an enigma in the sense that they have good operations, management but does not seem to go anywhere, lagged..hit in whole bunch of problems in Argentina..exciting exploration projects, seem to have found equivalent Chilean deposit..outlook seems good, question is if it is going to be takeout target..a consolidator could come in so I am holding it for a white knight to come in and take this out

GBS GOLD INTERNATIONAL (TSE:GBS): operations in Australia, low-grade, highly leveraged to gold price..I think you are holding it for leverage..they will surprise in earnings

GOLD EAGLE MINES (TSE:GEA): we hold it in one of our portfolios, up in prolific Red Lake area, Goldcorp had origins there..there is actual gold belt which passes through..quite a large prospecting area..you are paying a lot by faith in company, I think they have potential but it is a bit risk at this stage

AURELIAN RESOURCES (CVE:ARU): beleagured at the moment with Ecuadorian politics..if anything this is good opportunity..10-15 million ounces..I do not think politics all too uncomfortable..new president US-educated economist, not a thug..smoothing out of problems right now..good thickness and continuity of ore body..13% decline since the beginning of the year an opportunity