Sunday, February 25, 2007

Roking Roca

What can I say, Roca (ROK - venture) is one of the best stock deals I've come across. Every time I punch the numbers I come up with that this stock is going to have in the range of $40 million in earnings this year, exceptional for a $120 million fully diluted market cap company.

What to look for with Roca, they should be releasing a progress report on the mine construction. I expected to see it last week.

The March 4th weekend they will be at the annual PDAC convention in Toronto. If you live in that area it is perhaps an opportunity to check them out in person.

Also, from the home page, check out the interview on RobTV.

And Roca has excellent institutional backing, for example Sprott is the largest institutional shareholder, in for the last PP at $1.40. Currently Sprott owns roughly 11 million shares and 2.8 million warrants.

Roca has been evaluated by Institutional Research Partners and has a strong speculative buy rating with an 18 month target price of $5 US.

If you invested in Roca when I first mentioned it, you could have bought in at about $1.35 and you would be up 24% in about 2 weeks. Congratulations! The show has a long way to go.

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