TSX Venture (quote V. and ticker symbol)
(
- Produces market-driven independent feature films and quality TV series: to acquire Starbury Media, Grapevine influencer platform stake and $30M film slate; to reach 50M US homes
TSX (quote T. and ticker symbol)
(
- A world leader in mining and refining lateritic nickel and cobalt ores: publishes cobalt reference price and warrant conversion ratio; Q3 higher production at Moa JV, stronger balance sheet
NYSE MKT AMEX
(
- 100% Alaska's Pebble, world's largest undeveloped copper AND gold deposits: right-of-way agr. secures access for developers; Alaska voters elect pro-development governor Mike Dunleavy
(
- Medical devices digitizing to improve minimally invasive surgery: named to Deloitte's Technology Fast 500; Q3: $5.4M revenue, technology acquisitions, clearances and approvals
NASDAQ
(
- Semiconductors with groundbreaking APUs powering many computing devices: analysts see GPU rebound; presented at 22nd annual Credit Suisse Technology, Media and Telecom Conf.
(
- Proprietary CodeEvolver technology engineers enzymes for pharma, biofuels, chemicals, industrial products etc.: Q3 revenues $16.9M +70%; results of phase 1a clinical trial with CDX-6114
NYSE
(
- One of the world's largest oil tanker shipping companies, based in Hamilton Bermuda: Q3 and 9-month 2018 results, $2.2M Q3 net income, important oil demand factors turning favorable
Posted October 19th to November 19th and Still Trending
(
- Issues stock for rare works of fine art: now called Millennium Fine Art; shareholders' special meeting approves art purchase; addl. NASDAQ letter; $75M at $10/share for Michelangelo's Crucifixion masterpiece; closes $3M pp at $3/share with $5 warrant
(
- Produces and dispenses affordable, high quality medicine in all 50 states: 88th fastest growing co. on Deloitte's Technology Fast 500; Q3 revenue +66%, 61% margin, 18 quarters double digit YoY growth; MKO Melt Chicago ophthalmology meet
(
- Biopharm's Neutrolin phase 3 with FDA Fast Track status: Nov. 14 Q3 financials with business update; Oct. 18 clarifies no new shares issued with form S-3 filing
(
- Three high-grade assets in James Bay Quebec gold camp: Nov. 13 drills 87m 2.35g/t Au and 78.5m 1.46g/t Au on newly discovered Percival Prospect at Clearwater property
(
- Gold and other exploration in Central Newfoundland: assays for 5 of 7 holes completed, two drill rigs continue, Nov. 16 cuts 24.90m 33.56g/t Au at Eastern Trend, Moosehead Project
(
- Explores and develops USGS Strategic Minerals: board changes; expanded phase two drilling at Mont Sorcier in Chibougamau, Quebec; closes 3.9M C$0.10 flow-through pp shares, plus 9.7M+ $0.07 pp with full $0.14 warrant
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Saturday, December 1, 2018
InvestorsGuru.com 13 Filtered Mid-Day Market Movers Recap
Sunday, November 25, 2018
InvestorsGuru.com 9 Filtered Mid-Day Market Movers Recap
TSX Venture (quote V. and ticker symbol)
(
- Gold and other exploration in Central Newfoundland: assays for 5 of 7 holes completed, 2 drill rigs continue, Nov. 16 cuts 24.90m 33.56g/t Au at Eastern Trend, Moosehead Project
TSX (quote T. and ticker symbol)
(
- World's largest maker of both planes & trains, recent orders: 19 OMNEO trains, 153 AZUR metro cars, 33 TRAXX locomotives; AMF cooperation; +Q3; 7500 business jet FAA approval
(
- 3 high-grade assets in James Bay Quebec gold camp: Nov. 13 drills 87m 2.35g/t Au and 78.5m 1.46g/t Au on newly discovered Percival Prospect at Clearwater property
(
- 5 core gold projects along Destor-Porcupine fault zone, Timmins gold camp: Oct. 24 hits 7.9m 8.09g/t incl. .95m 34.40g/t at Windjammer S. & 54m 1.04g/t incl. 2m 6.23g/t at SW.
NYSE MKT AMEX
(
- Biopharm's Neutrolin phase 3 with FDA Fast Track status: Nov. 14 Q3 financials with business update; Oct. 18 clarifies no new shares issued with form S-3 filing
NASDAQ
(
- Issues stock for rare works of fine art: name now Millennium Fine Art; addl. NASDAQ letter; $75M at $10/share for Michelangelo's Crucifixion masterpiece; closes $3M pp $3/share, $5 warrant
(
- Makes rapid screening and testing products to deliver healthcare info: exploring business combinations in alt. sectors i.e. cannabis; Q3 PIFA Heparin PF/4 Rapid Assay sales +16%
Posted October 19th and Still Trending
(
- Produces/dispenses affordable, high quality medicine in all 50 states: 88th fastest growing co.; Q3 rev. +66%, 61% margin, 18 qtrs. two-digit YoY growth; MKO Chicago ophthalmology meet
(
- Explore/develop USGS Strategic Minerals: board changes; expanded phase 2 drilling at Mont Sorcier; closes 3.9M C$0.10 flow-thru pp shares, plus 9.7M+ $0.07 pp with full $0.14 warrant
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Sunday, October 21, 2018
InvestorsGuru.com 8 Filtered Mid-Day Market Movers Recap
Mid-Day Market Movers focus on above average volume, price action, breakout chart trends and news - posted throughout the day live at the top of InvestorsGuru.com and on our Hot Sheet, or follow our @InvestorsGuru Twitter feed or Facebook.com/InvestorsGuru page. Below recaps last week's movers, all prices whenever posted, week high price Wk-H:, with a brief company description and recent news headlines. Submit any ticker symbol to our Detailed Quote Portal (top-left of all pages) for quotes, java charts, research and news, where you can also login with any major social account to post updates, comments, and share your own best ideas about any stock.
TSX Venture (quote V. and ticker symbol)
(TSXV:LKY)(OTCBB:LKMNF) Lucky Minerals Inc. $0.145 Wk-H: $0.16
- Explore/develop Fortuna in Ecuador, Emigrant Creek Montana: 2 Cu-Mo Fortuna porphyrys; Aug. 20 C$2.5M $0.22 pp +warrants
(TSXV:VONE) Vanadium One Energy Corp. $0.135 Wk-H: $0.17
- Explore/develop USGS Strategic Minerals: 3.9M C$0.10 FTpp, 9.7M+ $0.07pp +fullW $0.14; Sept. 17 2B V-Mag drill Mont Sorcier
NYSE MKT AMEX
(AMEX:SDPI) Superior Drilling Products Inc. $4.53 Wk-H: $5.03
- Innovative, cutting-edge O&G drill tool tech provides cost savings & production efficiencies: Middle East service partner; expands
NASDAQ
(NASDAQ:IMMY) Imprimis Pharmaceuticals Inc. $3.33 Wk-H: $3.62
- Affordable, high quality medicine in all USA: MKO Melt ophth. meet; Aug. 6 Q2: rev. +51%, 60% margin, 17 qtrs. high YoY growth
NYSE
(NYSE:CHD) Church & Dwight Company Inc. $60.14 Wk-H: $61.28
- Personal care, household and specialty products under the Arm & Hammer and other brand names: Nov. 1 to release Q3 results
(NYSE:GE) General Electric Company $12.53 Wk-H: $12.73
- Aviation, health, power, ren. energy, digital, vencap and finance, lights, transport, O&G: Q3 results?; bottoming chart?; new CEO?
Posted July 12th or August 8th and Still Trending
(NYSE:I) Intelsat S.A. (2017: $5.13 $3.55) Apr.4 $3.96 Jul.12 $19.24 Wk-H: $37.70
- World's 1st global network: Oct. 30 Q3; Eutelsat/SES in U.S. re C-band video/data trans/support ups 5G rollout mobile operators
(NYSE:BOOT) Boot Barn Holdings Inc. Aug.8 $26.34 Wk-H: $29.26
- Leading lifestyle retailer of western/work footwear, apparel & accessories, 232 stores in 31 states: Oct. 25 Q2; Q1 sales +16.2%
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Sunday, September 30, 2018
Miners I'm Buying And Why - Part X: FOMO Speculation Vs. Cheap Resource Value; A Baker's Half Dozen Set To Rise - Small-Cap Stock Observer
Science and art, or if you prefer skill and luck, are both needed for consistent success in short-term trading to long-term investing. Some deny this and say it's all math, claiming that markets always represent fair value. If so, high-frequency trading algo-bot scalpers will always win, meaning people can never outsmart to beat the market as all opportunities and risks are fully discounted into prices.
Conversely, I believe markets rarely price things right as human behaviour is irrational. Instead of proactive buy-low sell-high value, we react on fear and greed psychology. Fear overcomes logic and forces selling, making lower lows in crashes, just as FOMO "fear of missing out" pushes higher highs in bubbles. Like lemmings on a cliff, most stay fully invested in history's longest bull market with prices now overstretched by any metrics. The real skill is acting on the obvious before luck runs out!
Many years ago I learned the hard way that it's always better to get out of the way before market trends move against you, usually as stock prices start telling you a different story than fundamentals indicate—and what hurts even more than owning a falling knife of a stock is to keep buying it on the way down. Easier said than done, especially for volatile high risk/reward metals and mining markets.
What I do is build and update lists of stocks I like, in spreadsheets and in the free Watch-list found on the left column of all of our website pages (holds 100 user editable tickers). Logged in members under My Preferences can also set up My Portfolio and My Watchlist & Alerts to be viewed and/or emailed.
I patiently track many stocks of interest but almost never buy on news, when trading is active and speculators exaggerate prices. However, this is when I usually add them to a list, or if already owned start selling into the extra up volume. I prefer buying long after they crash, when previously excited punters have fully exited, but only if fundamentals still pass my investment value filters.
My value thesis starts with the story which must be validated by the balance sheet. Unless the story is very early and near cash cheap, I'm not interested in overpaying for shares in any company selling hopes and dreams of finding a big score while already trading at hundreds of millions of dollars in market cap valuation with no real revenue, earnings, or assets other than a few million in cash.
Today's Dot-Com Boom / Bust—FAANG, Cannabis, And Bitcoin / Blockchain
Reading 10 big dot.com flops recalls roller coasters I watched in the late 1990's: Pets.com, Webvan, eToys, GeoCities, theGlobe.com, Go.com, Flooz, DrKoop, Kozmo, and Garden.com. Back then free CDs stuffed snail mailboxes everywhere as America Online's market share and brand grew. Those without a clue about the internet or world wide web just called it all "AOL." A few years after its $11.50 IPO, AOL still didn't make money but traded triple digits with a $200B+ market cap. AOL's eventual merger with Time Warner nearly blew up both companies—who knew dial-up could lose out to DSL, cable, satellite and fibre. In 2015 (
In Y2K, Yahoo! led in search and was the most valuable company in the world at $475 per share pre-split. A year later Google had eaten YHOO's lunch down to ~$7 per share, recovering mostly since 2013 as its $1B 30% stake in (
I don't like fickle social media or ad based models like FB and GOOG—especially going into a recession when the first expense cut by businesses is advertising. I'm not much of a gamer or LOLer, but Facebook is a dream spy tool for nosy exes, employers, police and propagandists. What value is constantly emailing new profile pictures, or birthday reminders for long ago friends, and why don't preferences stay off? To be fair, Google search is amazing, as was YouTube prior to ad saturation.
I fall asleep to Netflix which doesn't yet have loud infomercials to wake me up; but I spend more time searching menus than getting programmed. NFLX might be acquired someday, but other than some proprietary content what do they have that a (
I'm still in awe of the addictive, time wasting power of dumbing smartphones. Glance at crowds and notice how many continuously bow in subservience. How do they survive crosswalks with drivers just as distracted? Could texting and porn resolve overpopulation, at crosswalks and from less intercourse? I believe always-on texting clearly reduces attention spans, grammar, to overall intelligence. I'm just saying turn it off once in a while and do something productive like read, think, dream, or meditate.
My interest in AAPL goes back to the 1980's when Apple II computers were the best PC. Lisa was overpriced and early Mac's couldn't do anything. Late 1990's transparent Jello coloured iMac G3s seemed a possible comeback, and the first iPods started selling gangbusters. The best part was that after the dot-com crash AAPL was ~$10 a share, and this was pre-split meaning each share became 14 shares after stock splits of 2 for 1 in 2005 and 7 for 1 in 2014. Steve Jobs sold most of his stock after being ousted in 1985 and I read somewhere he had just dumped more. That's why I didn't load the boat back in the early 2000's and probably why Jobs wasn't the world's richest man when he died.
Apple did not invent the mobile device and (
I recommend all serious investors read/watch everything you can get your hands on about Warren Buffett. He must have good value reasons for making AAPL (
What I'm really saying is that FAANGs are today's top brands that lead their industries. I would like to own some of them and would consider all of them at the right price. But there is no value in paying a P/E of 171 for NFLX at $374 per share, or 159 P/E for AMZN at $2,003—over a century and a half worth of current earnings? Why invite anyone to pay you back in ~200 years? I'll be there after this bull market crashes, -50% to -90% lower—like after 2008's mortgage crisis and 2001's dot-com crash.
Cannabis and medical marijuana is an emerging growth business. However, the problem again for longer-term investors is overvaluation. Our Hot Sheets filter many pot stocks as potential short-term technical trades, with (
As of October 17, even recreational pot becomes legal and mainstream throughout Canada. Forgive the puns but now that WEED is a legit business, recent highs were on M&A speculation to potential THC infusion deals with alcohol, pharmaceutical and soft drink companies. Wednesday, (
We puffed on WEED six times since $3.59 in 2014 on a strong buzz of momentum, but with no real sales or profits I didn't invest at a $1B market cap—so how can I rationalize $17B recently? WEED is just one company in today's $5B to $6B industry. So I'll trade WEED, I just won't get caught holding.
Same for (
Part of my October 25 newsletter was "Bitcoins Are In No Way Like Gold Coins." You can imagine how that went over if you've ever debated devoted crypocurrency junkies. I try, but there's no winning against sage arguments like, "buy crypto, won't regret it, trust me" or "HODL $B party at a million." Bitcoin hit its ~$19k top in less than two months. My reasons stand why there's still no value even at today's one third of that. I'll even say, while gold/silver are real money and I don't trust any unbacked fiat currency, major advantages over crypto are that only governments decree legal tender and can tax.
Blockchain business models have potential but again where's the value? I cautioned on 3 hot plays: (
Miners Are Cheap, Just Be Wary Of Their Achilles Heel—Excessive Share Dilution
Funded exploration IR guys always tout lots of cash and no debt. This is not the same as knowing the net cash value per share, which can be critical in estimating how bad things can get, especially in crappy markets like we have now when even good miners find it hard to raise money. Exploration plays have no debt only because nobody is crazy enough to lend against zero cash flow, nor assets.
I simply value grassroots exploration as cash with a lottery ticket. Shares trading at $1 with only $0.10 per share in cash, and will burn half of this drilling, means the lottery ticket represents 95% of the value. Recognize and avoid lose-lose situations: if they hit, the value may already be priced in, but if assays and the project turns into a bust, the remaining share value is a nickel. This is not an extreme scenario, so keep your cash value per share up to date, which I rely on as my worst case downside.
There are hundreds of explorers, many with large and exciting projects, some with very cheap lottery tickets. I sometimes find active explorers, although more often developers, which actually trade below net cash. Even some inactive penny shells I have found at less than cash have NI 43-101 balance sheet qualified resources, with interesting growth potential to develop, joint venture or sell a deposit. The catch is you have to look for these ignored speculative value plays yourself as they are rarely found in other newsletters, analysts reports, or mining conferences, until already priced up hundreds of percent.
Before someone says it, of course cash is not everything; not even close. I'm just demonstrating an objective way to identify tangible value and potential loss, which starts by knowing cash values. When the other subjective factors like management experience, jurisdiction, property appeal and action plans all look similarly good, I tend to go with the cheapest based on high net cash per share.
Use per share price versus value as a BS detector. Miners promote overall value created as they grow resources, market cap and even cash raised, but rarely show these values on a per share basis—which reveals how much value has really been diluted. The company and its employees may be doing well, but share dilution is the main culprit why owners (shareholders) often can't win even in good times.
So when someone tips you to a hot explorer, the first question you should ask is how much cheaper paper has been printed over the past several months? You will likely find many millions of shares issued at a fraction of the current price, with free warrants attached to buy many more millions of cheap shares. Private placement shares can't be sold for four months, which is why you are hearing about the hot play now instead of then. In short, most are high risk trading vehicles, not investments.
Winning With Stocks—Especially Mining—Comes Down To Finding Value And Timing Cycles
I've been writing about small-cap stocks since our website and newsletters started 23-years ago in 1995. Tens of thousands more follow our syndicated blog, Facebook, Twitter and other social media pages. Summer 2015 I started heavily buying miners of all sizes, sharing my reasons why the upturn in precious metals was close. Timing was excellent as miners could be had at decade lows, leading to a stellar 2016 on Brexit with many multi-X baggers. Nobody trades perfect or I would have sold them all that year, however even with this year's carnage my remaining shares are mostly still above water.
I don't read too much into gold's technical damage this year. If you follow COT reports and agree spot prices are manipulated, it's not a stretch that chart patterns are managed to suppress/magnify emotions by revealing only whatever they want to show. To avoid whipsaws, TA helps me fine tune "where" but not "how" to trade, as chartists are more post-dictors than predictors. They buy up and sell down, the opposite of buy-low sell-high and why I view short-term chart analysts as contrary indicators.
I pay more attention to longer-term charts, where most gold bugs mark the turnaround at $1,062/oz. late in 2015. By summer 2016 gold was +$299 or +28% to $1,361, then -$227 or -17% to $1,134 by Christmas, +$216 or +19% to $1,350 by fall 2017, and -$158 or -12% to $1,192 today. If seasonal gold swings of 20% or $200+ are commonplace, why are so many chartists freaking out over broken short-term charts and declaring gold is doomed to retest the 2015 low? More important, who cares?
I'm watching 2016's $1,178 resistance (now support) and don't think gold retests its low, but maybe this long-term chart says I want it to. In 1999 gold fell to $252 and two years later double bottomed in 2001. Chartists were screaming "sell" back then, before gold's 7X+ decade run to $1,920/oz. in 2011!
Our Crazytown world is drowning in debt, with bonds and stocks ready to pop everything bubbles. Currencies from Zimbabwe, Venezuela, Argentina, South Africa, Ukraine, Brazil, to Turkey and 20 others have hyper-inflated or risk collapse. Black/orange swan events like war or financial contagions tend to happen at worst times and spread overnight, so keep an eye on (
I'm strategically stepping back in and selectively adding more miners as values are as good to even better than when gold was last just above $1k an ounce. My below-market stink bids will remain open for a few more days hoping for more of the usual knee jerk gold price reaction to the Fed raising interest rates another quarter point on Wednesday—as if absolutely everyone didn't already know this was coming. Then I'll have to decide whether to sit, kill or raise my bids on any unfilled buy orders.
Below are snapshots of 7+ miners on our Top 30 Small Caps which may offer outstanding value, with cheap to free lottery tickets attached. While it's next to impossible to pick absolute bottoms, deeply discounted market caps versus shareholders equity, with many at high net cash per share, both incentivize contrarian value investors like me—especially as sellers seem exhausted and seasonality tends to provide at least a bounce until year end tax loss selling season returns. As 2018 so far was not kind to most metals and miners, 2019's pendulum might swing more like 2016 or even 2002-2011.
7+ Asset Rich Miners I Missed Buying Or Want More, Still Watch, And Are Very Cheap Again:
1. I have been posting about (
MSV's June balance sheet shows ~$99.5M or $1.64 per share in shareholders equity, versus a market cap of only ~$35M at today's $0.57 per share. It also shows ~$47M in cash and marketable securities, or ~$0.77 per share in cash with no debt. Yes Minco's deposits are in China and they get low marks on communication with few news releases, but I'm still betting that $20 per ounce silver will revitalize everything. Until then, I quite like paying only 74 cents for dollar bills ($0.57 / $0.77 = 74%), with free lottery tickets on robust feasibility studies based on tangible NI 43-101 silver and gold resources.
Maybe this value sleeper is finally tired of waiting, with September 13 news of MSV's preliminary agreement to acquire 70% of a producing gold mine in China for C$28M to $32M. Longwangshan is a fully permitted 1k tpd open pit operation with a mill and smelter on site. MSV's due diligence is expected within three months and will include a drill program to verify reserves and resources.
2. (
I'm pleased with BTR's grade and thickness continuity even at depth, with too many new zones and excellent holes to highlight. Metallurgy so far shows an awesome 99%+ gold recovery. For me BTR's story was growing resources of a few hundred Koz. to over a million, when nearby producers needing feedstock often start salivating over all those likely economic ounces. The only downer and why I still have only a half position is the fully diluted share count, now up to 252.5M. This shows my point above how companies may do well—BTR's market cap has more than doubled—while share prices and shareholders tread water. I still love this play, just watch the cash burn and dilution like a hawk.
2B. An interesting summer twist is BTR buying (
My bet was MTO could again be profitable at $1,300+ gold, pay off its few million in debt, expand its resources and mill, restart Barry production, buy back Au streams, and stop issuing so much cheap stock. Most of this came except the important part as dilution ballooned from ~400M to 700M shares. Instead of attracting a nice buyout, shareholders got the usual 1 for 10 rollback. The printing press hasn't slowed yet as today's ~102M shares times 10 works out to over a billion shares pre-rollback.
MTO at half a buck is even money. I still hope to capture unrealized value under the merger which provides 1.6039 BTR shares for each MTO share. Arbs might say why buy BTR at $0.35 when you can buy MTO at $0.50 and end up with 1.6 x $0.35 = $0.56 in BTR value. However, the September 18 deal has a catch in that BTR shareholders also get 1 new Gatling Exploration share for every 7 BTR shares, but only for prior merger BTR shares—MTO shareholders don't get any spinout shares.
So MTO shareholders get 42%—excluding any of Larder Lake's 960Koz. The merger gets MTO's producing mine and mill, plus all resources and potential. Fair? When cash is king and management is key, MTO's last act seems like a tired pauper at a locked gate. A moot point now, the deal is done.
3. (
Like most explorer/developers, BAR cycles on busy/quiet drilling periods. Not just a one trick pony play on expected results that flop, BAR has huge property packages, mainly in Quebec's Abitibi, and has made significant discoveries they continue to develop. BAR ran in 2014 on the discovery of its Grasset Ni-Cu-Co-PGE deposit, and in 2016 drilling its Martiniere West and Bug Lake gold trends.
As nickel prices tarnished, BAR developed its Detour Trend gold resources—600K+oz. as of March. BAR has much to follow up on, plus eight other large projects to explore. As Au has softened and Ni prices started rising, Ni may become sexy again—especially e-vehicle battery quality Ni like BAR's high grade 3.5Mt. 1.56% Ni, 0.17% Cu, 0.03% Co, 0.34 g/t Pt and 0.84 g/t Pd 2016 initial Grasset resource. I look forward to BAR's 7.5K+ meter summer-fall drill program results, and plans for the Gargoyle sulphide Ni-Cu-Co discovery property in Ontario it recently optioned into and grew 16X.
Until April, BAR seemed to have strong support at the $0.40 level, which I thought might be a fair value entry point. But remember I like to watch, and I need to see how BAR's downtrend resolves as undervalued stocks can always become more so. To my delight, and I hope I'm not missing something critical, BAR is now trading at $0.15 a share. June's balance sheet shows over $6M cash or $0.044 cash per share with no debt, with shareholders equity of ~$61M or triple its market cap of ~$21M.
Miners often burn cash with nothing to show for many millions of shares issued. BAR's price suffered with these stocks, even though it's done a first-rate job of finding and growing various multi-metal deposits. To me, BAR's ~138M share count at this stage is reasonable, however my enthusiasm and respect for management could sour instantly if an overly dilutive financing happened at these levels.
4. (
I have two thoughts on EGO right now. The March 27, $0.80 low could be the long-term bottom I have been waiting for. I just initiated a small position on recent dips below $0.90, but I'm not adding unless EGO falls significantly below its low, or until Kisladag's gold recovery issues and any funding needs are more clear. My commitment hesitation comes from deep in April's Q1 where permission was asked, and at June's AGM received, to consolidate shares on a 1 for 5 basis if needed—to regain NYSE $1 minimum share price compliance. Shorts will do their worst to keep EGO below a buck.
Other than some tightly structured shells, after dozens of rollbacks I can't recall a single stock going higher. Prices usually drift significantly lower after consolidation, when cheap share financings are arranged. Guess who the buyers are?—often the same short-sellers who knocked the stock down there. Watch EGO bounce if the NYSE announces that the company has regained compliance.
Then again, maybe we should ignore technical games as noise and focus on July's Q2: "This was an excellent quarter for us. Production was strong, driven by better-than-expected ounces from the heap leach pad at Kisladag," said George Burns, Eldorado's President and Chief Executive Officer. "We achieved lower costs at Olympias, reflecting mill and filter press optimizations. With production and costs continuing to trend positively, we have increased full-year guidance to 330,000-340,000 ounces of gold at $580-$630 per ounce. Development continues ahead of schedule at Lamaque and we are on track to complete the feasibility study for a mill at Kisladag in the third quarter of this year. Our cash position remains solid and in light of the positive performance in the first half of 2018, we continue to refine our views on capital and potential funding requirements to meet the medium to long-term needs of the organization and re-establish annual production of 600,000 ounces per year by 2021."
Gold's 2011 highs pushed EGO over $20 a share. EGO has more catalysts this cycle, from Greek permitting (or pay €750M in damages requested last week), to mine development and production in Turkey, Greece, Romania, Brazil, Serbia, and Canada. EGO's Financials tab at our site shows June shareholder's equity of $3.6B versus only ~$0.7B market cap at $0.88 per share. EGO remains cheap but we have to stay up to date and be careful it doesn't turn into a dilution value trap as events change.
5. (
NDM needs two things to develop one of the largest, longest lasting mines in the world, some permits and a few billion dollars. Any major miner would want this resource, so raising cash or doing a joint venture may be the easy part. The tricky part is that Pebble is near sockeye salmon watersheds and to get permitted NDM needs to convince natives and government regulators that the mine won't pollute.
Sounds reasonable, so NDM's 50% partner spent $750M advancing the project. Then gold prices peaked, miners eyed cost cuts, and celebrities to the WH joined the sockeye cause. With no permit in sight, (
NDM prepared to sue the EPA over an unfair process, then Pebble was restored to normal course permitting in May 2017. Anticipation had driven NDM to a C$4.54 high in January, before getting cut in half on a short and distort scheme. Some still claim the mine never gets built, even last December as (
6. (
PRU was also developing its Sissingue gold mine in the Ivory Coast, which should bump total ounces per year to 300k. Costing $116M, I thought PRU might be able to fund it all from cash or short-term debt without any share dilution. Maybe even prudently reward patient shareholders and buy back some of those 500M+ cheap shares, or pay a dividend. PRU was our top mining stock back then.
I avoid companies that pursue growth at any cost, and I rarely trade Ausi miners as they tend to issue gazillions of shares. PRU seemed more mature, shareholder friendly, focused on profits and no debt. I can tolerate months of production issues, construction delays, and lower profits due to gold prices, but doubling the share count to over a billion shares just to buy a few million more ounces was a shock.
Sissingue started producing in Q1 this year. PRU is now focused on its third mine called Yaoure, also in Cote d'Ivoire. In a couple years PRU expects total gold production of over 500Koz. per year. After holding PRU from near today's price to double and back twice, I hope management's big boy dreams are worth another round of financing to production risks. Edikan and Sissingue will produce for many more years, but with Yaoure may soon provide job security for decades—or until owners wake up.
While I would have preferred a tighter share structure and milking our already derisked two-mine golden cows for a while, Yaoure is large, high-grade and you have to seize growth opportunities when you can. Also, acquiring a half million ounce producer like PRU can move the needle for even the biggest majors, with big premiums especially as gold prices rise. Even at 1.035B shares outstanding, PRU's C$357M market cap at today's C$0.345 is only half of its C$704M in shareholder's equity.
7. (
I didn't mind waiting as iron ore had hit almost $200 per tonne in 2011, when ADV traded at ~C$4. Timing was good as iron ore doubled to ~$80 by November—$69 today. IRON shot up to C$0.80 or 8X, also on news like Wednesday's feasibility study which now shows: ~8M tonnes per year at 65.2% iron, $982M capital cost, $30.72 per tonne operating cost, 24.6% pre-tax IRR, $1.7B NPV 8%, 4-year payback on a 23-year mine with 517Mt P&P reserves, 1.093Bt M&I and 523Mt Inferred.
IRON owns 75% of the Kamistiatusset Iron Ore Project in the Labrador Trough, Canada’s premier iron ore district. The other 25% is owned by HBIS Group, IRON's strategic partner and China’s second largest steel producer. Kami's 2B tonne high-grade Rose deposit is next to two producing iron ore mines with established infrastructure from common carrier rail to deep-sea year-round port access.
IRON's financing reboot replaced old debt with a US$14M Sprott resource loan in July. IRON has also re-established a Montreal office, made several key board hires such as reappointing Tayfun Eldum as CEO, and (
Lastly, I see FAANG, cannabis and cryptos as overvalued but haven't crashed yet due to easy money bull markets at very low interest rates, with momentum now in extra innings from a temporary sugar high of tax cuts for the wealthy as FOMO greater fools still chase higher highs. The economy might seem great, even as annual budget deficits explode over $1T, inflation and interest rates keep rising, and quantitative tightening and trade wars start—think again, already tariffs cost Ford $1B in profits.
On the other hand, metals and miners are cheap by any value metrics, but remain unloved and under owned even though gold outperformed stocks, bonds, and real-estate for over a decade after the first dot-com crash. Most portfolios hold less than 1% in metals and mining, if any, but may need 10% to 20% to be well balanced. Insuring against extreme bad events starts with some gold/silver bars/coins.
Then, for growth and income some major miners still pay decent dividends. ETFs (
My calculations and observations are as an individual investor and are not recommendations. Data comes from financial reports, news releases, company websites and other public sources that may not be accurate, complete or up to date. There may be conflicts of interest as I own stock in some of these companies. I share these ideas in hopes that readers will comment on them and on other company stock boards at our website with your own insights, opinions and anything I may have missed.
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Sunday, August 12, 2018
InvestorsGuru.com 10 Filtered Mid-Day Market Movers Recap
TSX Venture (quote V. and ticker symbol)
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Canada wide group benefits, retirement, human resources: buys Silverberg Group, $35M $7.70/sh. bought deal; solid Q3 growth
TSX (quote T. and ticker symbol)
(
- A world-leading diversified cannabis co.: mentorship; acquisitions; cannabis ok to to treat anxiety in certain animals; Q1 Aug. 14
NASDAQ
(
- Fully integrated specialty pharma: teams with PGA golfer Tim Herron; Nevakar licenses 5 505(b)(2) injectables; Q2 ups guidance
NYSE
(
- 3D products/services, printers/materials, manufacturing/tools: Q2 rev. +11% $176.6M, generated $10.7M to now $119.3M cash
(
- Franchises/manages/owns upscale/midscale/economy hotels: Q2; board adds industry/financial experience; franchiseasy site
(
- Leading lifestyle retailer of western/work footwear/apparel, 232 stores, 31 states: Q1 sales $162M +16.2%, EPS $0.24 vs. $0.03
(
- Specialty retailer of nutritional products: Q2 sales -1.1%, digital +36.9%, rebuys $29.9M debt, GAAP EPS $0.22, adj. EPS $0.31
Posted July 5th or 12th and Still Trending
(
- World's first globalized network: partners Eutelsat/SES in U.S. re: C-band video/data trans./support, 5G rollout mobile operators
(
- U.S. uranium +vanadium mines: Q2 $55M working capital; Dept. Commerce investigating U imports; ups V activity, Russell 3000
(
Id's dev. assets in underserved ocular/infectious diseases, (
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Sunday, July 15, 2018
InvestorsGuru.com 12 Filtered Mid-Day Market Movers Recap
TSX Venture (quote V. and ticker symbol)
(
Patented tech. low-cost high-performance battery materials in EVs, storage etc.: update; June 19 $760k SDTC milestone payment
(
Id's development assets, underserved ocular/infectious diseases, (
TSX (quote T. and ticker symbol)
(
- 100% high-grade Windfall Lake Quebec gold deposit: deep drill discovery, new wide high-grade Triple 8 Zone, 20.4g/t Au 28.3m
NYSE MKT AMEX
(
- Engineering specializing in transportation e.g. hazmat rail tank car equip.: just watching, re: market activity - no material change
NASDAQ
(
- IZEAx online connects marketers & content creators: to acquire marketing platform TapInfluence; July 2 closes 3.556M $1 shares
NYSE
(
- World's first global network: partners with Eutelsat & SES in U.S. re: C-band video/data trans. and support accelerated 5G rollout
Posted July 5 and Still Trending
(
- Two producing gold mines in Ghana and Cote d'Ivoire, third coming: June quarter record ounces; April 2 Sissingue ramped up
(
- E&P natural gas, crude oil, liquids in Alberta: borrowing base redetermination, closes pp, ups/extends insider subordinated debt
(
- Produces uranium + vanadium, western U.S. mines in various stages: advancing V activities, strengthens cash; Russell 3000 adds
(
- CorPath 1st FDA-cleared medical device: robotic precision to percutaneous coronary/vascular procedures: PMDA oks GRX Japan
(
- Internet postage services: with Webgility pens new partnership providing ecommerce sellers up to 40% USPS shipping discounts
(
- Business cloud communications: Aug. 1 reports Q2; to help Japanese retailer; innovation/value to contact centers; AI partners
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Saturday, July 7, 2018
InvestorsGuru.com 8 Filtered Mid-Day Market Movers Recap
TSX Venture (quote V. and ticker symbol)
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Binovi healthcare technology treats vision issues: Bernell dist. deal for 1000 units; UC Berkeley & FSU; attends sports vision forum
(
100% Tami-Mosi magnesium project N.C. Nevada, NI 43-101 PEA 111B pds.: Mackie market maker; hires staff IR; 3.1M $0.05/unit
TSX (quote T. and ticker symbol)
(
- Two producing gold mines in Ghana & Cote d'Ivoire, third developing: record oz. June qtr.; April 2 Sissingue declares commercial
(
- E&P of Alberta natural gas/liquids & crude oil: May 8 Q1 $29.7M sales +8%, lowest bank debt since 2014, diversification strategy
NYSE MKT AMEX
(
- West U.S. Uranium + Vanadium mines, producing & developing: advancing V activities, strengthens cash; added to Russell 3000
(
- CorPath 1st FDA-cleared medical device, robot precise percutaneous coronary/vascular procedures: PMDA ok GRX system Japan
NASDAQ
(
- Internet-based postage services: partners with Webgility to provide ecommerce sellers up to 40% discounted USPS shipping rates
NYSE
(
- Business cloud communications: helps Japan retailer; innovation/value to contact centers; partners leading AI vendors/platforms
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Sunday, July 1, 2018
InvestorsGuru.com 9 Filtered Mid-Day Market Movers Recap
NYSE MKT AMEX
(
- Medical devices digitizing to improve minimally invasive surgery: joins Russell 2000; FDA 510(k) submission for 3mm Senhance instruments
(
- Medical tech: closes $149.5M; 18-wheeler "Ever Mobile Clinic"; FDA approves Eversense long-term implant diabetes system; Bionic Pancreas
(
- O&G E&P offshore shallow Gulf of Mexico and onshore Texas and Wyoming: presented at recent conferences, May 4 Q1 financial/op. results
NASDAQ
(
- Semiconductors with groundbreaking APUs powering many computing devices: pushes CPU/GPU boundaries, shows next-gen at Computex
(
- 476 fast-casual globally inspired restaurants, World Kitchen dishes: Zacks - brokers expect quarterly sales of $114.78M, May 10 Q1 results
(
- Biopharm developing cancer medicines: joins Russell 3000 Index; presents Duvelisib data at EHA 2018, $43M stock at $6 per 7.2M shares
Posted since April 4 and Still Trending
(
- World's first globalized network, integrated satellite comm. leader: offers shares/notes; Uganda 3G; $543.8M Q1 rev.; STN Galaxy 19 in N.A.
(
- World's largest maker of planes + trains: closes C Series Airbus trans.; renews union agr.; Q1 rev. +12%, EBITDA $265M, ups liquidity $550M
(
- O&G E&P in Williston Basin Bakken & 3 Forks N. Dakota/Montana, more M&A & debt reduction; BTE Q1 daily production +35%, ups guidance
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Sunday, May 13, 2018
InvestorsGuru.com 10 Filtered Mid-Day Market Movers Recap
TSX Venture (quote V. and ticker symbol)
(
Many projects and NSR's in Canada, U.S. and Mexico, spin-out approved re: (
TSX (quote T. and ticker symbol)
(
- World's largest maker of both planes and trains, 16 Q400s + 15 CRJ900s to (
(
- Developing thermal and light oil in Alberta's Western Canadian Sedimentary Basin, Q1 results; 2017 Q4/YE record production and cash flow
NYSE MKT AMEX
(
- O&G E&P in Williston Basin Bakken and Three Forks play in North Dakota and Montana, bte Q1 daily production +35%, ups 2018 guidance
NASDAQ
(
- A leader in U.S. public electric vehicle (EV) charging equipment and services, expands in Miami; Whole Foods Market to join Blink's network
Posted April 4 - Still Trending
(
- World's first globalized network, leader in integrated satellite communications: Uganda to accelerate 3G network; Q1 revenue $543.8M
(
- Cloud communications technology to global mobile, MVNO, enterprise & IoT: iPass strategic alliance; introduces SuperAPI; Q1 revenue +47%
(
- Produces vanadium pentoxide at its Vanadio de Maracas Menchen mine in Brazil: Q1 net inc. $45.8M; mine expansion; completes debt rest.
(
- Low cost gold producer in Turkey, China, Greece, Romania, Serbia and Brazil: Q1 results; wins arbitration ruling; files 3 technical reports
(
- Licensed medical cannabis producer/dist. with scalable facilities in Ontario: Q4/FY17 results; (
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Saturday, April 7, 2018
InvestorsGuru.com 9 Filtered Mid-Day Market Movers Recap
TSX Venture (quote V. and ticker symbol)
(
- Licensed medical cannabis producer/dist., scalable Ontario facilities: completes strategic investments in Snipp Interactive & Blockstrain Tech.
TSX (quote T. and ticker symbol)
(
- Produces vanadium pentoxide, Brazil Vanadio de Maracas Menchen mine: completes debt restructure; highlights F-'17 financial/oper. results
(
- Gold producer in Turkey, China, Greece, Romania, Serbia & Brazil: wins arbitration; files 3 technical reports: Lamaque, Kisladag & Skouries
NYSE MKT AMEX
(
- Medical technology, developing Eversense long-term implantable CGM diabetes system: favorable FDA advisory committee outcome
(
- Cloud comm. technology to global mobile, MVNO, enterprise & IoT: customer go-live deployments; $3.1M services agr., plus other awards
NASDAQ
(
- A global semiconductor leader: Q2 record revenue and profitability supported by solid execution and broad product line demand
NYSE
(
- 125-yr. specialty retailer, 850+ apparel/accessories stores: Q4 net sales +15%, Hollister +11%, Abercrombie +5%, 2X+ op. inc. to $140.3M
(
- Specialty retailer high-quality, on-trend clothing, accessories & personal care products: Q4 comp sales +8%, strong spring start, div. +10%
(
- World's first global network, leader integrated satellite comm: STN extends services Galaxy 19; notes tender results, $46M redemption notice
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Saturday, January 13, 2018
InvestorsGuru.com 10 Filtered Mid-Day Market Movers Recap
TSX Venture (quote V. and ticker symbol)
(
- cannabis development, extracts natural compounds from biological materials, provides corporate update & announces real estate expansion
(
- first cannabis streaming co. from Canada product, Level Ten LOI; final base shelf prospectus up to $100M; Inner Spirit strategic investment
TSX (quote T. and ticker symbol)
(
- a world-leading diversified cannabis co., $8B market cap: weed stocks go parabolic, responds to dept of justice update on U.S. cannabis laws
(
- of Cda.'s leading/lowest cost cannabis producers, Q2 rev. +39%, Kg sold +45%, completes $12.5M (
NYSE MKT AMEX
(
- a leading maker of diversified paper products in North China, results of 2017 annual meeting of stockholders, Q3 2017 financial results
(
- provides specialized well-site services to O&G co.'s, expects improved revenue, net income and adj. EBITDA performance Q4 & full year 2017
NASDAQ
(
- nation's leading online home loan offer source, personal finances optimistic; to present at growth conf.; Dec. monthly mortgage offer report
(
- a leader in Internet-based postage services, Nov. 2 Q3: revenue $115.1M +24%, GAAP net income $46.2M +148% or $2.49/share +142%
(
- biopharm developing monoclonal antibodies to treat cancer & autoimmune disorders, expands U. Wisc. agr.; $250M funding & $17.15 stock
(
- indoor positioning and data analytics, leveraging blockchain to build device rep. repository, strengthen IoT security & secure retail payment
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