| 11.21.2008 |
 |
Red Back Mining Inc. |
RBI |
Bought Deal Financing; Revising Target |
Buy |
C$9.75 |
C$4.50 |
| 11.18.2008 |
 |
Oil & Gas Sector |
|
Oil and Gas Updated Price Forecasts |
N/A |
N/A |
N/A |
| 11.18.2008 |
 |
Wesdome Gold Mines Ltd. |
WDO |
Q3/2008 Financial Results “in Line”; Costs Coming Under Control |
Speculative Buy |
C$1.60 |
C$0.56 |
| 11.14.2008 |
 |
Mercator Minerals Ltd. |
ML |
Metal Prices are a Major Concern! |
Speculative Buy |
C$2.50 |
C$0.67 |
| 11.14.2008 |
 |
New Gold Inc. |
NGD |
Amapari Written Down; New Afton Delayed—Peak Could be Next |
Sell |
C$1.25 |
C$1.47 |
| 11.12.2008 |
 |
Norwood Resources Ltd. |
NRS |
Final Petrophysical Results still Pending, but Interim Work still Indicates OIl Potential |
Under Review |
Under Review |
$0.105 |
| 11.11.2008 |
 |
Taseko Mines Limited |
TKO |
Q4/2008 Results; Making Progress-More Caution |
Buy |
C$3.50 |
C$0.99 |
| 11.10.2008 |
 |
Katanga Mining Limited |
KAT |
Concerns Mount on Katanga |
Speculative Buy |
C$4.00 |
C$1.37 |
| 11.10.2008 |
 |
Neo Material Technologies Inc. |
NEM |
Q3/08 Results in Line; Buyback Announced |
Buy |
C$3.50 |
C$1.48 |
| 11.07.2008 |
 |
Barrick Gold Corporation |
ABX |
Q3/2008 Results Lower than Expected; Impacted by Higher Costs |
Buy |
C$39.50 |
C$28.33 |
| 11.06.2008 |
 |
|
|
Special Situations/Technology Sector Comment-Suspending Coverage |
N/A |
N/A |
N/A |
| 11.06.2008 |
 |
|
|
Special Situations/Industrial Products Sector Comment-Suspending Coverage |
N/A |
N/A |
N/A |
| 11.05.2008 |
 |
Horizon North Logistics Inc. |
HNL |
Q3 2008 Results: Record Revenue, EPS Beats Estimates |
Buy |
C$2.00 |
C$0.77 |
| 11.05.2008 |
 |
Red Back Mining Inc. |
RBI |
Red Back Mining Inc. |
Buy |
C$10.25 |
C$5.91 |
| 11.05.2008 |
 |
Energold Drilling Corporation |
EGD |
Reducing Target on Lower Estimates; Trades at 50% Discount to Replacement Value |
Buy |
C$3.00 |
C$1.04 |
| 10.31.2008 |
 |
Guestlogix Inc. |
GXI |
Q3 Results; Revising Target |
Speculative Buy |
C$2.50 |
C$0.90 |
| 10.31.2008 |
 |
Aeroquest International Limited |
AQL |
Q4/08 Preliminary Results; Reducing Target |
Buy |
C$2.00 |
C$0.60 |
| 10.31.2008 |
 |
Cassidy Gold Corp. |
CDY |
Discontinuing Coverage |
N/A |
N/A |
C$0.07 |
| 10.29.2008 |
 |
Norwood Resources Ltd. |
NRS |
Disappointing Test Results in Nicaragua; Company Now Facing Limited Cash Resources |
Under Review |
Under Review |
C$0.10 |
| 10.29.2008 |
 |
Calvalley Petroleum Inc. |
CVI.A |
Excellent Value on All Measures; Extremely Strong Balance Sheet |
Speculative Buy |
C$5.50 |
C$1.33 |
| 10.28.2008 |
 |
Major Drilling Group International Inc. |
MDI |
Initiating Coverage |
Buy |
C$25.00 |
C$14.75 |
| 10.24.2008 |
 |
Culane Energy Corp. |
CLN |
Initiating Coverage - A Value Play |
Buy |
C$4.50 |
C$1.71 |
| 10.22.2008 |
 |
Cirrus Energy Corporation |
CYR |
Potential Gas Discovery in Q14-3 Well; Current Cash will Cover Two Years CapEx |
Speculative Buy |
C$5.00 |
C$2.19 |
| 10.21.2008 |
 |
First Metals Inc. |
FMA |
Collapse in Commodity Prices and Distressed Financial Markets Paint Bleak Picture |
Sell |
C$0.05 |
C$0.10 |
| 10.21.2008 |
 |
Winstar Resources Ltd. |
WIX |
Updated Commodity Price Forecasts |
Speculative Buy |
C$6.50 |
C$2.01 |
| 10.20.2008 |
 |
The Descartes Systems Group Inc. |
DSG |
Initiating Coverage - An SaaS Vendor with Fat Margins, Strong Cash Flow and Emerging Market Dominance |
Buy |
C$5.00 |
C$2.82 |
| 10.16.2008 |
 |
Corridor Resources Inc. |
CDH |
Price Forecast More than Offsets Gas Discovery at McCully, but Lots of Catalysts and Strong Balance Sheet |
Buy |
C$9.00 |
C$2.15 |
| 10.16.2008 |
 |
Canoro Resources Ltd. |
CNS |
High Impact Drilling and Development Coming in Next 12 Months, but Lower Commodity Prices Offset |
Speculative Buy |
C$2.75 |
C$0.34 |
| 10.15.2008 |
 |
Petroflow Energy Ltd. |
PEF |
September 2008 Operations Update and Target Price Adjustment |
Buy |
C$9.00 |
C$4.40/US$4.16 |
| 10.14.2008 |
 |
Gold Hawk Resources Inc. |
CGK |
Suspending Coverage - Prospects Deteriorating |
N/A |
N/A |
C$0.05 |
| 10.10.2008 |
 |
Oil & Gas Sector |
|
Oil and Gas Updated Price Forecasts |
N/A |
N/A |
N/A |
| 10.09.2008 |
 |
Copper Mountain Mining Corporation |
CUM |
CUMmin’ Along |
Speculative Buy |
C$4.40 |
$0.89 |
| 10.06.2008 |
 |
Nstein Technologies Inc. |
EIN |
Credit Crunch Hurts Nstein Directly |
Speculative Buy |
C$0.85 |
C$0.41 |
| 10.03.2008 |
 |
Global Alumina Products Corporation |
GLA.U |
Cap-x Escalating; Project Delayed; Risks Continue to Mount; Suspending Coverage |
Suspending Coverage |
N/A |
US$0.95 |
| 09.30.2008 |
 |
Petroflow Energy Ltd. |
PEF |
Q2 2008 Reserve Update - Seriously Undervalued |
Buy |
C$11.20 |
C$5.25 |
| 09.30.2008 |
 |
Yamana Gold Inc. |
YRI |
Market Correction Creates Opportunity - Outstanding Growth |
Buy |
C$17.75 |
C$8.99 |
| 09.29.2008 |
 |
Aeroquest International Limited |
AQL |
Aeroquest Announces Proposed Transaction with Anglo American |
Buy |
C$5.00 |
C$1.17 |
| 09.29.2008 |
 |
VendTek Systems Inc. |
VSI |
Q3 2008 Results in LIne; Distribution Deal with United Bank Card |
Speculative Buy |
C$2.20 |
C$0.95 |
| 09.26.2008 |
 |
Waratah Coal Inc. |
WCI |
Unlocking Value in New Thermal Coal District in Australia |
Speculative Buy |
C$6.00 |
C$1.39 |
| 09.16.2008 |
 |
Cirrus Energy Corporation |
CYR |
North Sea Operations on Track |
Speculative Buy |
C$6.75 |
C$2.95 |
| 09.03.2008 |
 |
McVicar Resources Inc. |
MCV |
Q2 2008 Results - Record Revenues |
Buy |
C$3.00 |
C$0.99 |
| 09.03.2008 |
 |
Sustainable Energy Technologies Ltd. |
STG |
Q3 2008 Results |
Speculative Buy |
C$0.60 |
C$0.175 |
| 08.29.2008 |
 |
Red Back Mining Inc. |
RBI |
Strong Production Growth in West Africa - Still our Top Pick |
Buy |
C$12.00 |
C$11.75 |
| 08.29.2008 |
 |
Global Railway Industries Ltd. |
GBI |
Initating Coverage |
Buy |
C$5.00 |
C$3.00 |
| 08.29.2008 |
 |
FirstGrowth Exploration & Development Services Corp. |
FGC |
Q2 Results; Reducing target, Revising Recommendation |
Speculative Buy |
C$0.40 |
C$0.32 |
| 08.28.2008 |
 |
Norwood Resources Ltd. |
NRS |
Correction to Initiating Coverage |
Speculative Buy |
C$3.25 |
C$1.15 |
| 08.28.2008 |
 |
Energold Drilling Corporation |
EGD |
Q2 Results in Line |
Buy |
C$8.00 |
$3.50 |
| 08.28.2008 |
 |
Points International Ltd. |
PTS |
On-Demand Index Comparison |
Buy |
C$3.80 |
C$0.81 |
| 08.27.2008 |
 |
Norwood Resources Ltd. |
NRS |
Initiating Coverage - Oil Play in Nicaragua with Potential for Large Reserves and Early Production |
Speculative Buy |
C$3.25 |
C$1.00 |
| 08.25.2008 |
 |
Energold Drilling Corporation |
EGD |
Revising Estimates: Stronger 2009 to Follow Trimmed 2008 Outlook |
Buy |
C$8.00 |
C$3.21 |
| 08.22.2008 |
 |
Wesdome Gold Mines Ltd. |
WDO |
Q2/08 Financials: Higher Grades at Kiena and Eagle River Help Wesdome |
Speculative Buy |
C$1.80 |
C$1.07 |
| 08.20.2008 |
 |
Taseko Mines Limited |
TKO |
Was it a Bad Quarter or an Opportunity Seized? |
Buy |
C$6.75 |
C$2.83 |
| 08.19.2008 |
 |
Stockgroup Information Systems Inc. |
SWB |
Suspending Coverage |
N/A |
N/A |
C$0.22 |
| 08.18.2008 |
 |
Nstein Technologies Inc. |
EIN |
Q2 Results Impacted by Slippage of Contract to Q3; Target Reduced |
Speculative Buy |
C$1.65 |
C$0.71 |
| 08.15.2008 |
 |
HSE Integrated Ltd. |
HSL |
Q2 2008 Results Miss Estimates, but Achieve Record Revenue |
Buy |
C$1.40 |
C$0.88 |
| 08.15.2008 |
 |
Aeroquest International Limited |
AQL |
Q3/08 Results |
Buy |
C$5.00 |
C$1.75 |
| 08.14.2008 |
 |
Stockgroup Information Systems Inc. |
SWB |
Stockhouse Should No Longer Be Considered a High Growth, High Earnings Potential Company |
Sell |
C$0.05 |
C$0.21 |
| 08.14.2008 |
 |
Neo Material Technologies Inc. |
NEM |
Q2 2008 Results: Margin Pressure Offsets Revenue Beat |
Buy |
C$6.00 |
C$2.99 |
| 08.13.2008 |
 |
Oil & Gas Sector |
|
Oil and Gas Updated Price Forecasts |
N/A |
N/A |
N/A |
| 08.13.2008 |
 |
Fortress Paper Ltd. |
FTP |
Q2 2008 - Excellent Results |
Buy |
C$16.15 |
C$9,50 |
| 08.12.2008 |
 |
Petrolifera Petroleum Limited |
PDP |
Drilling Rig Contracted for Colombia and Peru; Capital Program Shifting to Exploration; Reducing Target |
Buy |
C$14.50 |
C$5.49 |
| 08.12.2008 |
 |
Migao Corporation |
MGO |
Solid Q3 2008 Results Show 88% EPS Growth |
Buy |
C$17.00 |
C$7.00 |
| 08.08.2008 |
 |
Globestar Mining Corporation |
GMI |
Buying Opportunity: 3.2x 2009 CFPS |
Speculative Buy |
C$3.00 |
C$1.38 |
| 08.08.2008 |
 |
Horizon North Logistics Inc. |
HNL |
Q2 2008 Results Miss Estimates; Reducing Target |
Buy |
C$3.40 |
C$2.80 |
| 08.08.2008 |
 |
Capital Gold Corporation |
CGC |
Highly Profitable Production in Mexico - Trading at Less than Half its NAV! |
Buy |
C$2.15 |
C$0.67 |
| 08.07.2008 |
 |
Wesdome Gold Mines Ltd. |
WDO |
Stable Gold Production for Only 4.9x 2009 CFPS |
Speculative Buy |
C$1.80 |
C$1.01 |
| 08.07.2008 |
 |
Taseko Mines Limited |
TKO |
Significantly Expanding Production Profile for Only 4.9x 2009 CFPS |
Buy |
C$6.75 |
C$3.44 |
| 08.06.2008 |
 |
Mercator Minerals Ltd. |
ML |
Buying Opportunity! at 6.0x 2009 EPS |
Speculative Buy |
C$13.50 |
C$8.05 |
| 08.01.2008 |
 |
Kaboose Inc. |
KAB |
Target Reduced; Q2 2008 Financial Results Clouded by U.S. Ad Sales; Bounty/E-commerce Positive |
Buy |
C$1.85 |
C$0.78 |
| 07.28.2008 |
 |
Cirrus Energy Corporation |
CYR |
Operational Highlights from Q3 |
Speculative Buy |
C$6.75 |
C$4.00 |
| 07.23.2008 |
 |
Taseko Mines Limited |
TKO |
Initating Coverage |
Buy |
C$6.75 |
C$3.98 |
| 07.21.2008 |
 |
Aeroquest International Limited |
AQL |
Preliminary Q3/08 Results; Reducing Target |
Buy |
C$5.00 |
C$1.95 |
| 07.18.2008 |
 |
Cirrus Energy Corporation |
CYR |
New Oil Acquisition, Stronger Commodity Prices, and Upcoming Catalysts in August |
Speculative Buy |
C$6.75 |
C$4.10 |
| 07.18.2008 |
 |
Athabasca Potash Inc. |
API |
Full Report |
Speculative Buy |
C$15.00 |
C$7.34 |
| 07.15.2008 |
 |
Athabasca Potash Inc. |
API |
Initiating Coverage |
Speculative Buy |
C$15.00 |
$7.50 |
| 07.15.2008 |
 |
Guestlogix Inc. |
GXI |
Ramp Potential Remains Strong |
Speculative Buy |
C$3.00 |
C$0.84 |
| 07.11.2008 |
 |
Cathay Forest Products Corporation |
CFZ |
Cathay’s Russian JV Acquires Additional 700,000 Hectares |
Buy |
C$3.30 |
C$1.06 |
| 07.11.2008 |
 |
Waratah Coal Inc. |
WCI |
Resource Expanded, Coal Price Hiked, Target Increased |
Speculative Buy |
C$7.00 |
$C3.38 |
| 07.11.2008 |
 |
Copper Mountain Mining Corporation |
CUM |
Full Steam Ahead |
Speculative Buy |
C$4.40 |
C$1.64 |
| 07.10.2008 |
 |
Oil & Gas Sector |
|
Oil and Gas Updated Price Forecasts |
N/A |
N/A |
N/A |
| 07.09.2008 |
 |
Tethys Petroleum Limited |
TPL |
New PSA in Tajikistan Exposes Tethys to Multi-Tcf Exploration Potential |
Speculative Buy |
C$5.85 |
C$2.50 |
| 07.08.2008 |
 |
Diamonds North Resources Ltd. |
DDN |
Initiating Coverage |
Speculative Buy |
C$3.00 |
C$1.06 |
| 07.08.2008 |
 |
Potash One Inc. |
KCL |
Full Report; Raising Target |
Speculative Buy |
C$11.00 |
C$4.29 |
| 07.07.2008 |
 |
RDM Corporation |
RDM |
Suspending Coverage |
N/A |
N/A |
C$1.46 |
| 07.03.2008 |
 |
Points International Ltd. |
PTS |
Outlook Strengthens without IACI and with Rising Fuel Costs |
Buy |
C$3.80 |
C$1.10 |
| 07.03.2008 |
 |
Winstar Resources Ltd. |
WIX |
Initiating Coverage - Development Inventory in Tunisia Underpins Exciting Exploration in Tunisia and Europe |
Speculative Buy |
C$7.75 |
C$5.50 |
| 07.02.2008 |
 |
MagIndustries Corp. |
MAA |
Raised Target; Marketing Agreement Announced |
Speculative Buy |
C$6.00 |
C$3.45 |
| 06.27.2008 |
 |
VendTek Systems Inc. |
VSI |
Q2 2008 Results |
Speculative Buy |
C$2.20 |
C$0.99 |
| 06.23.2008 |
 |
Petroflow Energy Ltd. |
PEF |
Initiating Coverage - Rinse, Lather and Repeat |
Buy |
C$11.20 |
$8.17 |
| 06.19.2008 |
 |
Horizon North Logistics Inc. |
HNL |
Inititating Coverage |
Buy |
C$3.90 |
C$3.46 |
| 06.18.2008 |
 |
CGX Energy Inc. |
OYL |
Noble/Repsol Well in Block 30 Finds Non-Commercial Hydrocarbons-CGX's Prospects on Corentyne Block are not Affected |
Speculative Buy |
C$12.00 |
C$2.09 |
| 06.17.2008 |
 |
Gold Hawk Resources Inc. |
CGK |
Operations Suspended Indefinitely; New Tailings Sie (Plan) Needs an EIA!! |
Sell |
C$0.08 |
$0.10 |
| 06.17.2008 |
 |
Formation Capital Corporation |
FCO |
Permitting Progress |
Speculative Buy |
C$1.20 |
C$0.65 |
| 06.16.2008 |
 |
McVicar Resources Inc. |
MCV |
Financing Completed, Luyuan Restructuring in Progress |
Buy |
C$3.00 |
C$1.25 |
| 06.11.2008 |
 |
Potash One Inc. |
KCL |
Initiating Coverage |
Speculative Buy |
C$10.00 |
C$3.85 |
| 06.11.2008 |
 |
Petrolifera Petroleum Limited |
PDP |
New Oil Pricing Agreement - US$47 Per Barrel or Higher |
Buy |
C$17.15 |
C$9.39 |
| 06.09.2008 |
 |
Aquila Resources Inc |
AQA |
VMS Discovery of Economic Interest |
Speculative Buy |
$2.85 |
$0,55 |
| 06.03.2008 |
 |
FirstGrowth Exploration & Development Services Corp. |
FGC |
Q1 2008 Results |
Buy |
C$0.85 |
C$0.43 |
| 06.03.2008 |
 |
Energold Drilling Corporation |
EGD |
Raising Target Following Q1 Beat |
Buy |
C$8.00 |
$C5.20 |
| 05.30.2008 |
 |
Sustainable Energy Technologies Ltd. |
STG |
New Partners Endorse Sunergy |
Speculative Buy |
C$0.60 |
C$0.315 |
| 05.30.2008 |
 |
Fortress Paper Ltd. |
FTP |
Site Visit |
Buy |
C$16.15 |
C$10.79 |
| 05.21.2008 |
 |
Wesdome Gold Mines Ltd. |
WDO |
Q1 2008 Results |
Speculative Buy |
C$1.80 |
C$1.30 |
| 05.20.2008 |
 |
MagIndustries Corp. |
MAA |
Raising Target to C$5.75 |
Speculative Buy |
C$5.75 |
C$2.80 |
| 05.20.2008 |
 |
Stockgroup Information Systems Inc. |
SWB |
Q1 2008 Results |
Speculative Buy |
C$0.60 |
C$0.36 |
| 05.16.2008 |
 |
Aeroquest International Limited |
AQL |
Strong Q2/08 Results |
Buy |
C$6.50 |
C$2.65 |
| 05.15.2008 |
 |
HSE Integrated Ltd. |
HSL |
Q1 2008 Results |
Buy |
C$1.40 |
C$1.15 |
| 05.15.2008 |
 |
Mercator Minerals Ltd. |
ML |
Q1/2008 Results are in Line; Expansion Project is on Time and Budget! |
Speculative Buy |
C$13.50 |
C$12.48 |
| 05.15.2008 |
 |
Fortress Paper Ltd. |
FTP |
Q1 2008 Results Substantially Beat Estimates on Revenue |
Buy |
C$16.15 |
C$9.95 |
| 05.14.2008 |
 |
Migao Corporation |
MGO |
Q2 2008 Results |
Buy |
$17.00 |
$8.14 |
| 05.13.2008 |
 |
Gold Hawk Resources Inc. |
CGK |
Milling Operations Suspended Due to Unexplained Ground Movement!!! |
Sell |
C$0.25 |
C$0.27 |
| 05.12.2008 |
 |
Neo Material Technologies Inc. |
NEM |
Q1/08 Results Beat Forecast |
Buy |
C$6.00 |
C$4.78 |
| 05.12.2008 |
 |
FirstGrowth Exploration & Development Services Corp. |
FGC |
FY 2007 Results - Reducing Target |
Buy |
C$0.85 |
C$0.55 |
| 05.12.2008 |
 |
Neo Material Technologies Inc. |
NEM |
Q1/08 Results Beat Forecast |
Buy |
C$6.00 |
C$4.78 |
| 05.09.2008 |
 |
Petrolifera Petroleum Limited |
PDP |
Q1 Financial Results - 2008 Capital Budget Reduced |
Buy |
C$15.25 |
C$9.50 |
| 05.09.2008 |
 |
Kaboose Inc. |
KAB |
Powered by Bounty-Q1 2008 Operating Results in Line with Expectations; Outlook Mixed |
Buy |
C$2.20 |
C$0.95 |
| 05.09.2008 |
 |
True North Gems Inc. |
TGX |
Initiating Coverage - True North Gems: an “Aber Ruby” in the Making |
Speculative Buy |
C$2.00 |
C$0.36 |
| 05.07.2008 |
 |
Metrobridge Networks Corporation |
MEB |
FY 2007 Sales in Line; Fast-Tracking to Earnings |
Speculative Buy |
C$0.50 |
C$0.145 |
| 05.06.2008 |
 |
Energold Drilling Corporation |
EGD |
Acquisition Drives Target Increase; Lots of Dry Powder Left |
Buy |
C$7.50 |
C$4.18 |
| 05.06.2008 |
 |
Globestar Mining Corporation |
GMI |
New Copper Mine iN Dominican Republic Start-up in Q4/2008 |
Speculative Buy |
C$3.00 |
C$1.80 |
| 05.02.2008 |
 |
RDM Corporation |
RDM |
Q2 2008 Results - Despite Management Optimism, Market Conditions Erode |
Sell |
C$1.20 |
C$1.53 |
| 05.02.2008 |
 |
Cathay Forest Products Corporation |
CFZ |
FY 2007 Results |
Buy |
C$3.30 |
C$0.90 |
| 04.28.2008 |
 |
Kaboose Inc. |
KAB |
Competitive Moves Erode U.S. Ad Sales Outlook |
Buy |
C$2.90 |
C$1.27 |
| 04.28.2008 |
 |
Migao Corporation |
MGO |
Migao Announces it Has Doubled Selling Prices |
Buy |
C$17.00 |
C$8.21 |
| 04.25.2008 |
 |
Guestlogix Inc. |
GXI |
Growth Trajectories Remain Intact: Weakness in Q1 Sequential Revenue Growth Offset by Accelerated Deployment at Delta |
Speculative Buy |
C$3.40 |
C$1.25 |
| 04.25.2008 |
 |
Energold Drilling Corporation |
EGD |
Q4 Results Beat Earnings Estimates |
N/A |
N/A |
N/A |
| 04.25.2008 |
 |
Sustainable Energy Technologies Ltd. |
STG |
Collaborative Agreement Provides Potential OEM Upside |
Speculative Buy |
C$0.60 |
C$0.28 |
| 04.23.2008 |
 |
Canoro Resources Ltd. |
CNS |
Progress in Nagaland - Framework Agreement on Changpang Field |
Speculative Buy |
C$4.00 |
C$1.37 |
| 04.16.2008 |
 |
Points International Ltd. |
PTS |
Points is Oversold |
Buy |
C$3.80 |
C$1.95 |
| 04.15.2008 |
 |
Migao Corporation |
MGO |
Full Report; Raising Target to C$5.00 |
Speculative Buy |
C$5.00 |
C$2.55 |
| 04.15.2008 |
 |
Stockgroup Information Systems Inc. |
SWB |
Execution Recovers Ahead of Challenging Market Conditions |
Speculative Buy |
$0.70 |
$0.365 |
| 04.15.2008 |
 |
Canoro Resources Ltd. |
CNS |
Main Barail Sand is Low in Amguri-13; Well being Sidetracked to North |
Speculative Buy |
C$4.00 |
C$1.30 |
| 04.15.2008 |
 |
Oil & Gas Sector |
|
Oil and Gas Updated Price Forecasts |
N/A |
N/A |
N/A |
| 04.14.2008 |
 |
Calvalley Petroleum Inc. |
CVI.A |
Significant Discovery in Qarn Qaymah, but Pipeline Start-up in Mid-2009 |
Speculative Buy |
C$6.80 |
C$3.70 |
| 04.07.2008 |
 |
New Gold Inc. |
NGD |
Proposed Merger Creates Mid-Tier Gold Producer with Excellent Upside |
Speculative Buy |
C$10.75 |
C$7.41 |
| 04.04.2008 |
 |
Nstein Technologies Inc. |
EIN |
Initiating Coverage - Nstein Delivers Winning Formula to Motivated Publishers |
Speculative Buy |
C$2.10 |
C$0.99 |
| 04.04.2008 |
 |
Copper Mountain Mining Corporation |
CUM |
Initiating Coverage |
Speculative Buy |
C$4.40 |
$1.90 |
| 04.04.2008 |
 |
Cirrus Energy Corporation |
CYR |
Development and Exploration in the Dutch North Sea |
Speculative Buy |
C$4.70 |
C$3.35 |
| 04.03.2008 |
 |
HSE Integrated Ltd. |
HSL |
Q4 2007 Results; Reducing Target |
Buy |
C$1.40 |
C$0.91 |
| 04.03.2008 |
 |
Global Alumina Products Corporation |
GLA.U |
Interest 33.3%; Cap-x Escalating; Recommendation and Target Lowered |
Sell |
US$1.25 |
US$1.59 |
| 04.02.2008 |
 |
VendTek Systems Inc. |
VSI |
Major Catalysts Offset Weaker-than-Expected Q1 Gross Margins |
Speculative Buy |
C$2.60 |
$0.98 |
| 04.01.2008 |
 |
Corridor Resources Inc. |
CDH |
Good 1007 Financial Results, Reserves Value Rises Despite Volume Decline |
Buy |
C$11.25 |
C$6/64 |
| 03.27.2008 |
 |
Fortress Paper Ltd. |
FTP |
Initiating Coverage |
Buy |
$11.20 |
$7.41 |
| 03.26.2008 |
 |
Oil & Gas Sector |
|
Oil and Gas Sector Comment |
N/A |
N/A |
N/A |
| 03.20.2008 |
 |
Points International Ltd. |
PTS |
Sales In Line and 2008 Guidance Reiterated - Earnings Muted by One-Time Expenses |
Buy |
C$3.80 |
C$2.63 |
| 03.20.2008 |
 |
Mustang Minerals Corp. |
MUM |
Further Resource Expansion at Maskwa Ni;Pre-Feasibility Initiated |
Speculative Buy |
$1.90 |
$0.73 |
| 03.18.2008 |
 |
Gold Hawk Resources Inc. |
CGK |
Gold-Silver-Zinc-Lead Production Further Delayed |
Speculative Buy |
C$1.10 |
C$0.44 |
| 03.18.2008 |
 |
Petrolifera Petroleum Limited |
PDP |
2007 Financial Results - Higher Taxes Reduce Cash Flow |
Buy |
C$16.50 |
C$11.00 |
| 03.17.2008 |
 |
Capital Gold Corporation |
CGC |
Initiating Coverage Low-Cost Gold Production in Mexico - Profitable From Day One! |
Buy |
C$2.15 |
C$0.76 |
| 03.17.2008 |
 |
Baffinland Iron Mines Corporation |
BIM |
Initiating Coverage |
Speculative Buy |
C$6.20 |
C$3.55 |
| 03.17.2008 |
 |
Guestlogix Inc. |
GXI |
Initiating Coverage. Building Stores in the Sky |
Speculative Buy |
C$3.40 |
C$1.31 |
| 03.13.2008 |
 |
Migao Corporation |
MGO |
$28.8 Million Financing Completed |
Buy |
C$13.25 |
C$7.75 |
| 03.12.2008 |
 |
McVicar Resources Inc. |
MCV |
Acquisition Consolidates Supply Chain |
Buy |
C$3.10 |
C$1.60 |
| 03.11.2008 |
 |
CGX Energy Inc. |
OYL |
Initiating Coverage. Exploring for Billion Barrel Fields in Offshore Guyana |
Speculative Buy |
C$12.00 |
C$3.14 |
| 03.10.2008 |
 |
Kaboose Inc. |
KAB |
No Surprises in 2007; Forecast for 2008 Maintained; 2009 Forecast Reduced Based on General Market Uncertainty |
Buy |
C$3.20 |
C$1.35 |
| 03.10.2008 |
 |
Neo Material Technologies Inc. |
NEM |
Q4/07 Results Beat Expectations |
Buy |
C$6.00 |
C$4.07 |
| 03.04.2008 |
 |
Kaboose Inc. |
KAB |
Kaboose Remains on Track in a Sector That is Being Re-Valued |
Buy |
C$4.30 |
C$2.14 |
| 03.03.2008 |
 |
Sustainable Energy Technologies Ltd. |
STG |
Q1 2008 Results |
Speculative Buy |
C$0.60 |
C$0.28 |
| 02.28.2008 |
 |
TG World Energy Corp. |
TGE |
North Shore - 1 Tests Over 2,000 BBL/D. Ambitious Program For Niger in 2009 |
Speculative Buy |
C$2.15 |
C$0.73 |
| 02.28.2008 |
 |
Royal Laser Corp. |
RLC |
Suspending Coverage |
N/A |
N/A |
N/A |
| 02.28.2008 |
 |
Crossfire Holdings Inc. |
CFE |
Suspending Coverage |
N/A |
N/A |
N/A |
| 02.27.2008 |
 |
MagIndustries Corp. |
MAA |
Increasing Price Assumptions; Raising Target |
Speculative Buy |
C$4.50 |
C$2.25 |
| 02.27.2008 |
 |
Wesdome Gold Mines Ltd. |
WDO |
Initiating Coverage |
Buy |
$2.20 |
$1.56 |
| 02.27.2008 |
 |
VendTek Systems Inc. |
VSI |
2007 Earnings in Line with Forecasts; 2008 Momentun Builds with Catalysts Impending |
Speculative Buy |
$2.60 |
$1.06 |
| 02.26.2008 |
 |
First Metals Inc. |
FMA |
Raising Copper Prices: Valuation Boosted |
Speculative Buy |
C$2.15 |
C$0.80 |
| 02.26.2008 |
 |
Petrolifera Petroleum Limited |
PDP |
2007 Reserve Report - Modest Gain in 2P Reserves, More Potential in 3P |
Buy |
C$17.40 |
$10.10 |
| 02.21.2008 |
 |
McVicar Resources Inc. |
MCV |
Initiating Coverage |
Buy |
$3.10 |
$1.60 |
| 02.21.2008 |
 |
Mercator Minerals Ltd. |
ML |
Revised Metal Prices Boost Mercator’s NAV! |
Speculative Buy |
C$13.50 |
C$11.38 |
| 02.20.2008 |
 |
Crossfire Holdings Inc. |
CFE |
Lender Demands Payment; Directors and Officers Resign |
Sell |
C$0.04 |
C$0.18 |
| 02.15.2008 |
 |
Aeroquest International Limited |
AQL |
Solid Q1/08 Results Follow Financing |
Buy |
C$6.5 |
C$2.75 |
| 02.15.2008 |
 |
Royal Laser Corp. |
RLC |
Q3 2008 Results: Deterioration in Gross Margin and EBITDA Trend |
Sell |
C$0.30 |
C$0.58 |
| 02.12.2008 |
 |
Aur Resources Inc. |
AUR |
Q4/2006 Results; Another Good Quarter |
Buy |
C$26.00 |
C$19.95 |
| 02.12.2008 |
 |
Migao Corporation |
MGO |
Q1/08 Results Below Expectations |
Buy |
C$13.25 |
C$9.08 |
| 02.11.2008 |
 |
First Metals Inc. |
FMA |
Fabie Bay Mine: Production Underway |
Speculative Buy |
C$1.75 |
C$0.76 |
| 02.08.2008 |
 |
RDM Corporation |
RDM |
As Visibility Erodes on Key Revenue Driver, Management Guides Lower |
Hold |
C$2.10 |
C$1.95 |
| 02.05.2008 |
 |
Canoro Resources Ltd. |
CNS |
Amguri-10B and 11 on Production; More to Come |
Speculative Buy |
C$4.00 |
C$1.80 |
| 02.05.2008 |
 |
Atlantis Systems Corp. |
AIQ |
Suspending Coverage |
N/A |
N/A |
N/A |
| 02.01.2008 |
 |
Petrolifera Petroleum Limited |
PDP |
Update From Analyst’s Visit to Argentina |
Buy |
C$17.40 |
C$8.40 |
| 01.31.2008 |
 |
Atlantis Systems Corp. |
AIQ |
Contracts Not Materializing |
Sell |
C$0.14 |
C$0.19 |
| 01.29.2008 |
 |
Sustainable Energy Technologies Ltd. |
STG |
FY 2007 Results |
Speculative Buy |
C$0.60 |
C$0.325 |
| 01.28.2008 |
 |
Corridor Resources Inc. |
CDH |
Corridor Announces 2008 Budget |
Buy |
C$12.30 |
C$5.95 |
| 01.11.2008 |
 |
Red Back Mining Inc. |
RBI |
Raising 2008-2010 Gold Price Assumptions: Valuation Boosted |
Buy |
C$11.75 |
C$8.46 |
| 01.09.2008 |
 |
Tyler Resources Inc. |
TYS |
Jinchuan Group Offers 60% Premium to Tyler Shareholders |
Tender to Offer |
N/A |
N/A |
| 01.09.2008 |
 |
Red Back Mining Inc. |
RBI |
Operational and Drilling Update |
Buy |
C$9.25 |
C$8.16 |
| 01.09.2008 |
 |
New Gold Inc. |
NGD |
New Gold Adds More Block Caving Mining Experience |
Speculative Buy |
C$10.35 |
C$5.26 |
| 01.09.2008 |
 |
Neo Material Technologies Inc. |
NEM |
Revising Estimates & Reducing Target |
Buy |
C$6.00 |
C$5.04 |
| 01.09.2008 |
 |
Mercator Minerals Ltd. |
ML |
Mercator Has Allowed Its Offer for Tyler Resources to Expire and Will Not Acquire Any Tyler Share Pursuant to the Offer |
Speculative Buy |
C$11.00 |
C$9.60 |
| 01.08.2008 |
 |
HSE Integrated Ltd. |
HSL |
Operations and Restructing Update |
Buy |
C$1.80 |
C$1.03 |
| 01.07.2008 |
 |
Great Panther Resources Limited |
GPR |
100% of the Outstanding Warrants Due on November 30 and December 20 Have Been Exercised |
Speculative Buy |
C$2.25 |
C$1.32 |
| 01.07.2008 |
 |
Primeline Energy Holdings Inc. |
PEH |
Positive Developments in Chinese Gas Market; Locations Ready to Drill |
Speculative Buy |
C$3.75 |
$1.40 |
| 12.20.2007 |
 |
Greystar Resources Ltd. |
GSL |
Up-Dated Resource Study, Angostura Gets Bigger and Bigger…..BUT |
Speculative Buy |
C$9.50 |
C$6.18 |
| 12.18.2007 |
 |
Cathay Forest Products Corporation |
CFZ |
Russian Joint Venture: Platform Into Growth |
Buy |
C$3.30 |
C$1.05 |
| 12.18.2007 |
 |
Red Back Mining Inc. |
RBI |
Raising Target Following Recent Mine Tours |
Buy |
C$9.25 |
C$5.80 |
| 12.18.2007 |
 |
Corridor Resources Inc. |
CDH |
Recent Test Rates and Operations Issues Are Not As Material As Changes in Commodity Price Forecasts |
Buy |
C$12.30 |
C$7.40 |
| 12.17.2007 |
 |
Kaboose Inc. |
KAB |
Kaboose Gets Bounty-Full |
Buy |
C$5.15 |
C$2.69 |
| 12.13.2007 |
 |
New Gold Inc. |
NGD |
New Gold Adds Considerable Block Caving Mining Experience |
Speculative Buy |
C$10.35 |
C$5.15 |
| 12.12.2007 |
 |
Points International Ltd. |
PTS |
Market Dominance Should Drive Shareholder Value |
Buy |
C$4.60 |
C$3.68 |
| 12.05.2007 |
 |
Migao Corporation |
MGO |
Q4/07 Results Below Expectations - Expect Sequential Improvement |
Buy |
C$13.25 |
C$9.26 |
| 12.05.2007 |
 |
RDM Corporation |
RDM |
Earnings Ahead of Forecast; Growth Trajectory for 2008 Strong; But Evidence of Inflection Point Still to Come |
Buy |
C$5.20 |
C$3.00 |
| 12.04.2007 |
 |
FirstGrowth Exploration & Development Services Corp. |
FGC |
December 04, 2007 —Q3 2007 Results |
Buy |
C$1.30 |
C$0.47 |
| 12.04.2007 |
 |
Crossfire Holdings Inc. |
CFE |
Q3 2007 Results |
Buy |
C$1.20 |
C$0.34 |
| 12.03.2007 |
 |
Energold Drilling Corporation |
EGD |
Q3 Results Beat Expectations |
Buy |
C$6.25 |
C$4.20 |
| 11.27.2007 |
 |
Great Panther Resources Limited |
GPR |
Q3 Production Below Expectations Earnings, Cash Flow and Target Reduced |
Speculative Buy |
C$2.25 |
C$1.29 |