First Quantum Minerals (NASDAQOTH:FQVLF.PK)
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I think mania has driven this stock back up since its low of around 15$ after the crash.The mentality of "it was huge before , it should go back up", has driven it. The latter is madness.A stock will go back up if it has a reason.This one does not. Here on capes the p/e is zero because they dont have any earnings per share, without earnings per share its trading at almost 3 times book value.No insiders have bought back in at the low because they no they shouldnt have.This one is a plane waiting to crash.
Recs
The chart vs S&P is very steep and outperforming for several months
Recs
near 52 week low
Recs
This stock is currently on an uphill climb. It will peak around mid year at ~$100.00 and fall below its current value. Mineral value in general will continue to fall thru 2009.
Recs
First Quantum Minerals is positioning itself for expansion and production increases over 2008. Production and Sales have both increased over the past 3 years. I think this trend will continue with their expanding operations in South Africa. I think there will be some fluctuations, however overall I think they will soon prove to be one to watch. So I am picking this company as one that will outperform.
Recs
Hurray for Gold!!! Hurray for Silver!!! Hurray for Oil!!! Hurray for Base Metals!!! Down with $US!!! Down with US Banks!!! Up with US stock market nominal basis!!! Down with US stock market real basis!!! Down with US Houses!!! Down with Citigroup!!! Down with US Economy!!! and DOWN WITH INFIDELS!!!!!!!!
Whoever shorts metals company because of no revenue is stupid!!! Why trade good metals for bad $US just to report revenue!!! A company can have no revenue, just sleep, but if the price of their metals go up, market cap go up! All metals miners should stop producing, have no worthless $US revenues, and wait until supply goes down until Gold hits $5000 then to sell their metals!!!
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