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Gold/Mining/Energy : Insiders tradings on canadian stocks

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To: gilbert leblanc who wrote ()8/29/1998 7:14:00 PM
From: gilbert leblanc  Read Replies (1) of 2322
 
Follow up

PGV

For the records, my dad took profits on PGV at above $10.50.

He took a position in AMISCO (Montr‚al stock exchange).

Yvon, my brother spoke with Mr. Poitras (son).

The business are quite good. The financial ratios are excellent.

The biggest shareholders of AMISCO are the Poitras family and a mutual fund based in Qu‚bec (COTE 100).

AUR

It was a good value at $3.00. Then imagine at $2.30.

BLACK HAWK

I took a look at the results for the first 6 months and I was a little bit surprised.

The cash operating cash of the EL LIMON MINE was $187.00 in July.

At the first glance, I thought that it was a mistake.

Yvon spoke with Ian A. Shaw, vice president Finance of BHK who confirmed that it was not a mistake. The cash cost was low because they mined (or used) ore with higher grade.

They expect to be able to maintain this cash cost for the next two quarters.

Next year, the cash cost should move higher.

At least for this year they should manage to have positive cash flow and show a small profit. I think that this performance is not so bad if we look at other producers.

DEVINE (DVN)

They should release their second quarter on Monday.

You could expect a small profit for this quarter. The good quarter for DVN will be the last one.

Anyway, the stock is trading at a low P/E.

CONTINENTAL BANK

Insiders were accumulating this stock in the last few months.

The Supreme Court will release on Thursday, September 3, the appeals of CTL in a income tax litigation who could have a big impact on the value of the shares of CTL.

Will be interesting to see if insiders had anticipated the right results.

DOMTAR (DTC), MB, TEMBEC

Tree outstanding values in the forest and paper sector.

BENVEST

Insiders are still accumulating.

DENNINGHOUSE (DEH)

If we go in a depression like in the '30, may be the dollar store will be the only kind of stores that we would need.

A good defensive stock on this kind of crazy market (There were a press release last week by DEH telling us that sales were up.)

Yours truly

Gilbert Leblanc



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