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What is MM’s current view on COD and BSX?

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What is MM’s current view on COD and BSX?

What is MM's current view on mineral explorers COD (CODA minerals ) and BSX (Blackstone Minerals)? The original MM Analysts' recommendations (in videos and external reports) had TP of about $2.00 for each company. The share prices have declined about 30% in the past few weeks. What is MM current view of the TPs for COD and BSX? Are theses shares at or close to the bottom in your opinion? Love your reports and video presentations. Kind regards,

Answer

Hi John,

Thanks for the kind words, always appreciated. A quick technical update on BSX and COD:

Blackstone Minerals (BSX) 41c – we like this $195mn explorer / developer around 41c. Michael Clark, our analyst at Shaw has a $1.50 TP on them.

Coda Minerals (COD) 64.5c – this $98mn exploration company continues to drift lower, another pop to at least $1 feels likely but its an aggressive play until a clearly defined pivot point (stop) can be identified on the downside. Michael has a $2.50 TP on this.

Personally, I know BSX a lot more than I know COD. I have BSX in some client portfolios but we do not hold COD.

 

 

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Blackstone Minerals (BSX)
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