Bill Cara: Reducing my commitment, Mon., Mar. 19, 2007, 6:45 PM

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March 19, 2007

Reducing my commitment, Mon., Mar. 19, 2007, 6:45 PM

I am afraid, all things considered, that I must further reduce my commitment to this blog.

Among other things, I’d like to write more about PDAC. After all, I personally interviewed reps from about 70 companies. But, I have to recognize my limits, and the situation regarding my health and my other plans.

Several readers I met at PDAC suggested I start a readers’ “investment” committee, so that I could stand back and let others take the reins. I liked the idea and felt I could help the team stay on track. As you know, however, people show an interest in stocks/companies they have positions in. Some of them I wouldn’t, for personal reasons, touch with a ten-foot pole.

The problem is that minerals exploration is mostly a game of capital raise-up, which means that often the best story-teller wins. And heaven forbid any objective person criticizing some of these promoters. You’d never hear the end of it.

So today I made a decision that I hope works out because it is win-win-win. Any registered, independent financial advisor or geologist who has an interest in joining me to do the research and reporting on junior resource companies, please send me your co-ordinates. Your name will remain anonymous.

If I have to hire an editor, the reports will be available on a charge basis, otherwise they will be free. And if the interest is not there for the production of an independent and objectively written report, then I’ll drop the idea.

Regarding PDAC, I do have a couple remarks to make:

1. Crystallex (AMEX, TSX: KRY) would like me to retract some of my earlier comments, but I am afraid the info they provided to support their position is contentious, so I will simply hold to my position of not again writing about this soap opera. The story has not changed: they need an environmental permit to advance their production plans and if they obtain it there will be predator mining companies bidding for control. End of story.

2. Guyana Goldfields (USOTC: GUYFF, TSX: GUY) is developing a world-class orebody in Guyana. Impressive. Sprott has a C$16 12-month Price Target. Buy the dips.

3. Northern Dynasty Minerals (AMEX: NAK; TSXV: NDM) is on the way to developing a world-class coppoer-gold-moly mine in Alaska, but many of you will be dead before they ever make a profit. They start mining, if all goes well, in 2014. Most heavily promoted company at PDAC – which is saying something.

4. Western Goldfields (TSX: WGI; USOTC:WGDF) will be a solid producer/profit-maker starting in 2008, but their IR program needs help. Besides there are 142.5 million shares fully-diluted, so traders who are looking for a ten to one reward are not going to find it here. New resource calculations are expected soon. Nevertheless, for most traders, it remains my favorite in the PM space. If you are a stockbroker in California contact me, or better still contact the company and get with the program.

5. ValGold Resources (TSXV: VAL) is a new name, but I have known the chairman forever. Everything I saw, I liked. They are exploring in Guyana and Venezuela and recently bought a gold property near Timmins-Kirkland Lake that may come into production. Punters will get a fair shot here.

6. Khan Resources (TSX: KRI) will ultimately produce much uranium in Mongolia, and the shares will trade higher. Buy the dips. The stock is now C$4.05. I first told readers about it Sept 18, at C$1.50.

7. Inter-Citic Minerals (TSX: ICI) is very well positioned to become a significant gold miner in China.

That’s ten percent of the companies I met at PDAC. I’d like to write a lot more, but it’s time for bed.

BCara@BillCara.com

Posted by Posted by Bill Cara on March 19, 2007 06:45:25 PM | Category: 15 Materials

Discourse

Hooooray for you Bill,
Last I knew we lived in a free society. For someone to TELL you to retract, or on the flip side....spread misleading information, would be a great dis-service to your conscience.
Seems odd the people that offered you a meatless mulligan stew to spread the good word, would be the same people to tell you to shut up when they are the ones in control over their own company performance.
If you bend to much Bill, you'll find there is a breaking point.
I have no interest in any of the stocks you mentioned. Just love to hear your valued perspective on a wide variety of topics you comment on.
Raising capital is a big game any more. Don't stop blogging about a company that you find needs talking about. Dive into their balance sheet, and talk about their numbers. I'll keep reading!

Posted by: bigwad at March 19, 2007 8:22 PM [link]

Bill don't work so hard....I come here to read your
opinion and thoughts....I don't need tons of research.

You post more research than I can read.

Just post your thoughts on the markets.

Relax more...Enjoy your life!

Posted by: DollarBill at March 19, 2007 8:29 PM [link]

Bill - I hope you slept well. Please don't let the likes of KRY dampen your enthusiasm for this blog. For every KRY there are a zillion readers like yours truly who learn a lot from you every day - so please keep up the good work and continue to nourish us! Thanks!

Posted by: Kaushik at March 19, 2007 9:36 PM [link]

Bill - Bless you for who you are; continued prayers for your health.

Regarding the ongoing China story - this article

http://www.financialsense.com/editorials/weiss/2007/0319.html

outlined "Three Sweeping Changes" from last week(new property law, a futures/options exchange, and the largest investment fund in history). The perspective drawn from some of the numbers mentioned at the end of the article, and copied below, are just something (just me, or anyone else agree?)

* Even investment inflows — which had been positive in every single year since the great crash of 1929 — have turned negative. Instead of investment money flowing into America to the tune of $11.3 billion in 2005, now it’s flowing out, with $7.3 billion leaving last year alone. This puts the U.S. dollar in even greater jeopardy.

In contrast, China’s trade surplus surged to a record-smashing $178 billion last year, up by a hard-to-believe 74 percent from the previous record of $102 billion set in 2005.

And now, just in the first two months of the year, China has chalked up a surplus of almost $40 billion, about $28 billion more than the same period last year.

At this rate, China’s stockpile of cash, already at $1.1 trillion, should easily exceed $1.3 trillion by the end of the year — still more cash fuel to energize China’s new investment company.

Overall conclusion: Despite bumps along the way, expect a continuation of the megatrends that propelled China’s 11 percent growth last year ... that drove Shanghai’s stock index up by over 130% in 12 short months ... and that are continuing to spread their impact worldwide.

Posted by: aa at March 19, 2007 10:20 PM [link]

Bill, Starfleet orders unplug by 4 PM water and rest no going online before 6:00AM.

Michael

Posted by: droid at March 19, 2007 11:59 PM [link]

Bill -- KRY asking you to retract comments? Sounds like the White House pressuring a big TV network! You might consider it a ill-conceived compliment.

I'm watching the VZ press and will share on the blog any news relevant to KRY. Also, any sustained price moves on volume will tell a better story than will KRY itself ..

Glad you're scaling back till you're really well.

Posted by: Jock at March 20, 2007 12:07 AM [link]

I've read your blog for some time, and you've always impressed me with your dedication. I've also enjoyed the journey, and learned a lot. Thank you.

Posted by: CashForFlow at March 20, 2007 12:23 AM [link]

Bill,

My comments are in line with DollarBill's.

I tune in first for your commentary insights, second for reader comments (depending on my mood), and third for all the rest. You could provide a lot less and I would still tune in daily.

Posted by: northvan at March 20, 2007 12:31 AM [link]

ALOHA !!

Bill, thanks for your time and efforts they are much appreciated by one and all. Time for some well deserved "down time" ...

Appreciate the PDAC tips ...

Hang in there!

All the best ...

Posted by: kaimu at March 20, 2007 2:58 AM [link]

Bill-

Guyana Goldfields is GUYFF in US market - watching for those dips.

Please DO pullback as much as you need - even if you provided a weekly or bi-weekly commentary a la Colin Twiggs, with perhaps a daily bull board for our reader discussions - we need you healthy.

t4k

Posted by: trade4keeps at March 20, 2007 9:14 AM [link]

Bill -

Thanks for all the time you have put into sharing your expertise with us. There are very few people as generous as you. Please concentrate on your health for the time being.

Posted by: moab at March 20, 2007 11:09 AM [link]

Bill,

I am new to the party and this feast which you offer...also agape in response to your generosity...

wishing you wellness, good man.

que sera, sera...

the sun's shining on Waterloo...

Posted by: joey at March 20, 2007 11:36 AM [link]

March 19, 2007

Reducing my commitment, Mon., Mar. 19, 2007, 6:45 PM

Discourse

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