![]() In its most recent 10-k the company flatly states " we have no `proven reserves' or `probable reserves' of antimony." But one investor told me U.S. Antimony's Securities and Exchange Commission filings to back up these optimistic scenarios and company executives declined comment. Antimony's Mexican mines even more intriguing. The fact that antimony is frequently found in combination with silver makes U.S. ![]() Antimony's stock price is a Mexican mine and smelting facility that some analysts believe could boost its production revenue from $9 million last year to $100 million by 2013. China supplies 90% of the world's supply of antimony, which is primarily used in the production of electrical wire insulation, fireproofing materials, and lead bullets (it makes them harder). Why the sudden interest? Antimony prices more more than doubled after Chinese officials launched one of their periodic purges of mine managers who were illegally producing and exporting the metal. Antimony shares in recent months (disclosures will be available June 30) and the stock's rise has made it the largest single holding in Berol's $25 million Encompass Fund. Berol of the San Francisco-based Encompass Fund, Morningstar's top-performing world stock fund in 20 (don't ask about 2008).īoth have bought U.S. One fan is Eugene Fox of Cardinal Capital Management in Greenwich, Conn., a small- and mid-cap value manager known for its dogged investigations of questionable businesses including InfoUSA and Conrad Black’s Hollinger International. The chart looks like the quintessential pump-and-dump, but the managers I spoke with don’t fit the mold of gullible penny-stock investors.
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