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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Wesdome has been trading more or less sideways since early September and does not seem to be participating much in the current uptrend for gold equities that started early November.

I'd appreciate hearing your thoughts about its recent performance and whether your views of it for 2023 have changed any since the last time you were asked to comment.

Thank you, and my best wishes to you and the team for the holiday season!


Read Answer Asked by Marc on January 03, 2023

Q: Hi Ryan, really enjoyed your presentation at the CFS this past weekend.

Using your 5 criteria: momentum, revenue growth, roe, shareholder friendly, and value-momentum; what 5 Canadian stocks would you suggest?

If possible, companies that would survive this current market stresses.


Read Answer Asked by Christopher on October 20, 2022

Q: Hi 5i

1.Given current share price increase how do you view WDO going forward? Would you be investors and if so at what price would you consider? Do you think stock can run further and how do you view its risk? Further upside?

2. Considering initiating position in ATD given its current drop from around 53 to 47. What is your view on this company and would you be interested at this price. Any alternate suggestions in same space?

Many Thx

Read Answer Asked by jim on March 10, 2022

Q: Hello Peter, Can I have your opinion please?

I am wondering if it might be a good idea to reduce my holdings in gold and silver stocks (maybe exit all my positions?), at least until May and buy some in the energy sector from the proceeds.
The reason behind this stems from yields going up- maybe the 10 yr goes to 2%. How likely is that? Apparently, the seasonal period of gold starts in summer.

My stocks in gold are at both ends of the large/small caps such as AEM/KL,FNV, KRR,MMX,WDO and PAAS.
I am under represented in energy with ENB,PPL and ALA.
What would be your suggestion? And if you agree, could you give me 1or 2 names to let go and 1 or 2 names to add.
Always appreciative of your thoughts.

Read Answer Asked by Rajiv on January 10, 2022

Q: Thanks to Moez for a nice article/stock screener today. I was surprised to see so many companies from the Metals sector.

IF he were to apply one more criterion to the 22 companies that made the list, i.e. debt load, which companies would come up on the top?
( the companies with the least debt load to the most)

Read Answer Asked by Savalai on April 21, 2021

Q: Hi 5i,
WDO- Wesdome Gold Mines announced announced positive drilling results from a new high grade gold discovery at the Company's 100% owned Kiena Mine Complex in Val d'Or, Quebec.
I understand the company has operational cost issues but would this news be sufficient to encourage exisiting shareholder to continue to hold or sell into the current run up. Currenttly down -30%
How do you view companies future prospects?

Read Answer Asked by jim on April 19, 2021

Q: Hi 5i,
WDO reported earning today. In your opinion how did they do this time, considering they missed last 7 out of 8 quarters. Have future prospects improved?
Currently down 40% on this one, so based on earnings/forecasts would you continue to hold or move on?
I do have 2- 3 year time frame but have started to lose confidence in this company.
Could you suggest a potential replacement with better prospects in the space?

Read Answer Asked by jim on March 11, 2021

Q: Hi 5i,
WDO is reporting earning on Mar 10- ...Are market expectations for WDO to meet, not meet or beat previous guidance?
Do analysts have access to other data ect that they use to then "calculate" their own numbers to arrive at so called "whisper" numbers?

Nuvei pre-announced earnings very positively a number of weeks ago...Is the market expectation that the actual announced earnings will be positive.


Read Answer Asked by jim on March 09, 2021

Q: Hi 5i,
Knowing very little about the machinations of the gold market..I bought into WDO back in Aug 2020 close to YTD highs. Currently down close to 40%.

I have read your previous Jan 25 response so realize you see no reason to change course despite the current negative sentiment and analysts downgrades.

My questions is in what time frame and under what conditions would you expect WDO to make a recovery to previous levels or at least reverse current trend? 1 year , 2 years ect..... your best guess is appreciated.;)


Read Answer Asked by jim on February 08, 2021

Q: In the past year, INK Reports show company officer and director insider net selling activity levels for AEM, AGI, PGM and WDO are significantly higher than levels for KL and MMX. I realize there are many reasons why insiders might decide to sell, but is it a red flag for investors when net selling activity reaches the levels exhibited by company officers and directors of AEM, AGI, PGM and WDO?

Read Answer Asked by Ann on February 05, 2021

Q: Hi 5i:

Great advice in2020! Wonderful service. I currently hold KL and ABX at @ 2.5% of portfolio. Looking to add a junior producer to increase my weighting. Which would you prefer from EQX, WDO and BTO and what advantage would it have over the other choices? In addition, having done well with TOU (2%), I would like to add to my gas position. My choice is ARX. Advice or other suggestions please. Existing positions and new purchases would be in TFSA. Please deduct form question credits as appropriate.

To staff and families at 5i - be safe and stay well and thank you.


Read Answer Asked by Tom on January 06, 2021