Aurelian Resources (ARU)

[Tackler]

Globe says Aurelian expected to remain a golden play

2007-05-23 04:50 MT - In the News

The Globe and Mail reports in its Wednesday, May 23, edition that Sprott Asset Management senior portfolio manager Jean-Francois Tardif sees opportunity in Aurelian Resources. The Globe's Maureen Darrigo writes in the BNN Market Call column that Aurelian stock climbed 93 cents Tuesday to close on the Toronto Stock Exchange at $32.90. The stock has an incredibly wide one-year trading range of $43 to $4.51. Mr. Tardif says gold and more gold drives this resource play. Mr. Tardif says he is looking for continued success at Aurelian. Mr. Tardif says he likes how Aurelian increased its reserves. Mr. Tardif says global stock markets continue to strengthen with some outperformers, such as China. Although earnings multiples continue to expand, Mr. Tardif sees a few cracks such as the continued weakening in the United States housing market. "It's time to be careful," says Mr. Tardif. He manages the Sprott Opportunities Hedge Fund. The fund's top six holdings are Aurelian, Aastra Energy Group, Universal Energy Group, Rally Energy, Major Drilling and Genivar Income Fund. In June, 2006, Mr. Tardif said buy Altus Group Income Fund when it was trading at $14.73. Altus units closed Tuesday at $13.65.