News

November 19, 2008

"Buy When There’s Blood In The Streets": Sprott and Altius Lead a Long List of Discounted Canadian Resource Plays

By Our Canadian Correspondent

Many investors who entered the resource cycle late in the game have had their proverbial heads handed to them on a platter. But with a bevy of Canadian listed stocks currently trading at less than half their cash value, many seasoned resource players are now patiently buying them up on a long-term view, and waiting for the next cycle to begin.

There are currently over 100 companies listed on the Canadian markets that are trading at a value near or below the amount of cash sitting in their bank accounts. With many of these companies - take Anvil Mining, Northland Resources and Khan Resources for examples - the funds are earmarked for development projects that may or may not proceed. But other companies truly do have an un-earmarked cash hoard alongside management teams that have a track record of creating shareholder value. A few on...