AGORACOM News Flash

AGORACOM WIRE - FRIDAY MAY 25TH, 2012

FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc.

Aim to develop and manufacture the best technology graphite in the world
Additional shareholder value will come from investment in commercialized graphene through joint venture partner, Grafoid Inc.

Read More | *SPONSOR

INTERNATIONAL PBX VENTURES (TSX:PBX) Signs Copaquire Joint Venture Option Agreement - $90M Potential Payment Read More

AGORACOM Maintenance Alert: Friday Evening Downtime for About an Hour Read More

LOMIKO METALS (TSXV:LMR) Graphite and Zinc Price Outlook is Favourable Through 2013 Read More | *SPONSOR

Message: Silver Wheaton Poised to Complete 'Astute' Acquisition / Seeking Alpha

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »

Clavis

Rank: [?]

President

Points: [?]

23987

Rating: [?]

Votes: 222 Score: 3.5

Currently 3.6/5 Stars.

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

Silver Wheaton Poised to Complete 'Astute' Acquisition / Seeking Alpha

posted on May 23, 09 01:22PM

http://seekingalpha.com/article/1387...

Silver Wheaton Poised to Complete 'Astute' Acquisition

by: FP Trading Desk May 20, 2009 | about stocks: SLW

After a successful shareholders vote on Tuesday, Silver Wheaton Corp. (SLW) is poised to complete the C$243-million acquisition of smaller rival Silverstone Resources Corp. Analysts are pleased to see it.

Richard Gray of Blackmont Capital called the deal a "very astute move" as it eliminates Silver Wheaton's primary competitor in the silver streaming business. It also gives the company three silver streams from low-cost copper mines and is accretive on a number of key metrics. Silverstone's 4.5 million ounces of silver sales in 2009 should increase Silver Wheaton's sales to 20 million for the year, growing to 27 million in 2010 and 32 million by 2012, Mr. Gray added.

UBS Securities analyst Dan Rollins pointed out that with C$400-million available under Silver Wheaton's revolving debt facility, the company has the financial capability to make more silver stream acquisitions within the next 12 months. He also suggested that Silver Wheaton will sell Silverstone's exploration assets, because the company is not seen as an operator.

David Haughton of BMO Capital Markets wrote that Silver Wheaton's main catalyst for growth is still Goldcorp Inc.'s (GG) Penasquito mine, but the Silverstone acquisition appears accretive to "all" valuation metrics, and has the potential to provide additional royalty revenue in the future through expansions and development of new products.

All three analysts call Silver Wheaton a "buy" (or "outperform") and have price targets between $11.00 and $12.00 a share.

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »