Kaiser says dull Highwood looks good to bottom fishers
Highwood Resources Ltd HWD
Shares issued 21,811,459 Mar 7 close $0.53
Wed 8 Mar 2000 In the News
John Kaiser, writing in a Feb. 29 Bottom-Fish Tracker, says he knows of no one wants to hear about Highwood, which makes it a good bottom fish. Mr. Kaiser recommended Highwood in December, 1998, at 62 cents. He also liked it in September, 1999, at 60 cents, and four times dating to December, 1995, between 60 and 75 cents. In the current report, Mr. Kaiser says Highwood had net earnings of $581,588 on revenues of $12,709,046. He says industrial mineral plays have historically been regarded as the dullest of all resource plays, a situation exacerbated by the market?s infatuation with technology plays. Highwood chief executive says Dynatec is happy to allow Highwood to grow on its own and not try to buy out the 65 per cent it does not already own. Mr. Kaiser contends that Highwood will probably get permits for its Thor Lake beryllium project; the bad news is that it will probably be five years before production begins. He concludes that one day Dynatec will want to develop Highwood as a specialty metals vehicle that takes advantage of its metallurgy division.
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