UBS erwartet, dass Blue Pearl Mining bis Ende 2009 schuldenfrei ist. Ich ging davon aus, dass wir bereits dieses Jahr schuldenfrei sein könnten :((((
Globe says analyst sees debt-free Blue Pearl by 2009
Blue Pearl Mining Ltd (C:BLE)
Shares Issued 103,342,030
Last Close 3/28/2007 $12.21
Thursday March 29 2007 - In the News
The Globe and Mail reports in its Thursday, March 29, edition that molybdenum prices will likely remain strong for the next couple of years. The Globe's Leonard Zehr writes in the Tip Sheet column that strong demand for steel and production problems in China are making the base metal precious. Thus, UBS analyst Brian MacArthur predicts that molybdenum miner Blue Pearl Mining will be free of its debt by the end of 2009. Blue Pearl had $334-million (U.S.) in long-term debt at the end of 2006, following its acquisition of Thompson Creek Metals of Colorado. The transaction turned Blue Pearl into a molybdenum major. Earlier this week, the company unveiled a 2006 loss. Mr. MacArthur says the loss is not indicative of future results because they reflected only 67 days of operations of the combined entity. He writes that applying a 10-per-cent discount to the average of three multiples for 2008 gives shares of Blue Pearl a blended target price of $13.25, up from $11. The stock jumped 58 cents or 5 per cent to $12.21 on the Toronto Stock Exchange on March 28. Blue Pearl is up 24 per cent so far this year and has soared more than 300 per cent in the past 12 months.
© 2007 Canjex Publishing Ltd.
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