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Look at last weeks chart. What happened after each big run??? I'm loading here for the next run up. New 52 week highs anyone?
The Detour deal will provide excellent buy
opportunities and should be a very good deal LT long term -
Welcome otclife. KL is presenting some great buying opportunities here. I've copied a post from NYBob on why he feels the share price is declining.
What I see is DGC shareholders and some market players
cashing out the new shares they got and shorters made moves -
At the end of the day we have the same market cap as pre-merger
except now we own 15m ozs , a mine and a lot more ozs we don't
know about.
We have got an additional 600k ozs/yr in production.
This is a medium long term steal imho, I am tempted to add another
5k shares here, and my crystal ball reveal a much higher
price of the LT gold trend next 5 years -
RevT79 wrote: Kl as got the best deal ever buying detour with
is 15 millions oz reserves for.... nothing!!!
lol!!!!
they print a bunch of paper shares and bought a massive
gold producing mines.
rigth now the decrease of the SP is due to detour shareholder
weak hands selling there new shares.
How much will those 15 millions oz will be worth in 10 years...
it was shown that the grades are higher than expected on the last
quarter.
this is a great entry point to buy shares....
hopefully investors see the opportunity!
glta
Eric feel KL got Detour for a steal -
It is true you can't short OTC with normal brokerage accounts, MM's can and do. https://www.otcshortreport.com/company/ACRL Looks like a very large % of shares sold actually.
As far as picking losers, I started buying ACRL way below a penny so am doing ok. I don't have problems admitting when I'm in a bad stock as I've rushed into some bad ones. I am confident in the future of ACRL. I guess time will tell.
70%? Seriously? Doubtful. Share price has done fairly well even with all the shorts and crazy volume. Some really want to push this down for some reason...
Another 52 week high on $HENC! Up 120% today with 1.5 hours to go
If Holloman drops a division into $HENC my math puts us around $2.60/share. Whole company would put us over $15/share. Crazy to sell for nickles and dimes...
Aurora Cannabis stock slides on report of plans to cut 10% of workforce
3:14 PM ET 2/6/20 | MarketWatch
UPDATE: Aurora Cannabis stock slides on report of plans to cut 10% of workforce
By Ciara Linnane, MarketWatch
News comes after Tilray said it will cut 10% of staff and as companies continue to rein in costs as cash piles shrink
Aurora Cannabis shares slid about 6% Thursday, after a report that the company is about to announce plans to lay off 10% of its workforce, becoming the latest company in the sector to move to cut costs.
Aurora ($ACB), the most widely held stock of Canada's licensed cannabis producers, did not immediately respond to a request for comment on the report from BNN Bloomberg that cited a person directly familiar with the matter. Earlier this week, Tilray Inc.(TLRY) announced that it was cutting 10% of its staff (http://www.marketwatch.com/story/tilray-restructures-company-lays-off-roughly-10-of-workers-2020-02-04).
"By reducing head count and cost, Tilray will be better positioned to achieve profitability and be one of the clear winners in the cannabis industry," Chief Executive Brendan Kennedy said in a statement.
Jefferies analysts said they support the moves.
"Both companies have a relatively clouded path to profitability right now, very large operational footprints, a history of aggressive investments, and will likely need to raise capital in the near future (in our view)," analysts Owen Bennett and Ryan Tomkins wrote in a note to clients. "With many factors impacting sales/gross margins arguably less able to be controlled, opex (operating expense) rigor can be a key to profitability."
Read:Marijuana companies are bad at forecasting, analyst says (http://www.marketwatch.com/story/marijuana-companies-are-bad-at-forecasting-analyst-says-2020-01-13)
Cannabis companies are struggling to achieve profitability more than a year after Canada fully legalized cannabis for adult recreational use, hampered by a shortage of retail outlets as the licensing process has proved onerous. That has allowed the black market to thrive and undercut the legal business.
Companies are now running out of money and finding it expensive to raise new funds and many have resorted to tactics such as the sale and lease-backs of real estate, job and other cost cuts and have canceled or revised the terms of previously-agreed deals.
"If investors are to get comfort that profitability in any form is achievable for these names, actions such as those reported are much-needed, in our view," the Jefferies analysts wrote. They added that they expect similar action from Canopy Growth Corp.(WEED.T) (WEED.T) , the market leader thanks to a $4 billion investment from Corona beer brewer Constellation Brands Inc.(STZ) , in the near term.
Jefferies rates Tilray and Aurora as hold.
In a sign of just how challenging the Canadian market has become for legal cannabis companies, the Massachusetts recreational market in its first year has grown to reach more than half the legal sales recorded for all of Canada, according to data from law firm Vicente Sederberg LLP (https://vicentesederberg.com/press/analysis-legal-adult-cannabis-sales-in-massachusetts-surpass-half-a-billion-dollars-since-legalization/).
Data shows that the commonwealth, with a population of 6.9 million, sold about $509 million of legal weed in the period stretching from Nov. 2018 to end Jan. 2020. Data from Canada -- population 37 million -- shows retailers sold C$908 million ($683 million) of legal weed in the first year, according to news site 420intel.com. (https://420intel.com/articles/2020/02/05/massachusetts-cannabis-sales-worth-over-half-entire-canadian-market)
(https://420intel.com/articles/2020/02/05/massachusetts-cannabis-sales-worth-over-half-entire-canadian-market)Still, the U.S. market is not out of the woods yet after a bruising 2019 that saw states including California and Michigan grapple with a massive black market.
See:U.S. pot retailer MedMen says it's trying to use stock to pay its bills amid cannabis industry's cash crunch (http://www.marketwatch.com/story/us-pot-retailer-medmen-says-its-trying-to-use-stock-to-pay-its-bills-amid-cannabis-industrys-cash-crunch-2020-01-23)
"In both states, black market competition will be a continued challenge for legal operators due to high taxes and heavy regulation in California and a lack of a sizable legal wholesale supply market in Michigan in the near term," Canaccord analyst Bobby Burleson wrote Thursday.
Both states are also being hurt by a lack of legal dispensaries in some markets due to license challenges and local pushback, he wrote.
But Canaccord remains upbeat on the U.S. sector, noting that two recent industry reports from ArcView Research and BDS Analytics had actually raised their estimates for 2020 to 2024 sales growth. The reports found U.S. cannabis sales totaled more than $12 billion in 2019, up 23% from 2018 despite all the challenges.
The steep selloff in stocks now offers an investment opportunity, he wrote, with the macro environment improving, state expansion legislation progressing and the negative headlines from last year's vaping illness beginning to fade.
Don't miss:Cannabis experts are hoping 2020 will be the year that New York finally legalizes weed (http://www.marketwatch.com/story/cannabis-experts-are-hoping-2020-will-be-the-year-that-new-york-finally-legalizes-weed-2020-01-24)
"We continue to expect the upcoming election to be a potential catalyst for cannabis stocks with as many as 15 states expected to have ballot initiatives related to cannabis program expansion in one form or another," said Burleson. "With the average stock in the space currently trading at a significant discount to the levels of 2019, we believe the underperformance for stocks last year presents an opportunity for investors at current levels (average EV/EBITDA multiple is 5.5x 2021 CG estimates and EV/revenue multiple is 1.5x 2021E)."
Tilray shares were up 1.3% and Canopy shares (WEED.T) (WEED.T) were down 0.9%.
Don't miss:How a cannabis unicorn lost 87% of its market value in six months (http://www.marketwatch.com/story/how-a-cannabis-unicorn-lost-80-of-its-value-in-six-months-2020-02-03)
Elsewhere in the sector, Cronos (CRON.T) was down 2%, Aphria (APHA.T) (APHA.T) was down 3%, Hexo (HEXO.T) (HEXO.T) was down 0.9% and Organigram (OGI.T) was down 5%.
The ETFMG Alternative Harvest ETF (MJ) was last down 0.2% and the Horizons Marijuana Life Sciences ETF was down 0.3%.
The S&P 500 was up 0.3% and the Dow Jones Industrial Average was up 0.1%.
For all of MarketWatch's cannabis coverage, click:Cannabis Watch (http://www.marketwatch.com/storyno-meta-for-guid)
-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com
> Dow Jones Newswires
February 06, 2020 15:14 ET (20:14 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
ACRL looks like we have good support here
$OPTI is looking good. Up another 48% today!
$ACRL has some decent bid support this morning. I'm hoping to pick up a few more myself. Expecting share price to rise once annual report is released.
They put a date as 2020 that should have been 2019.
I'm investing in $ACRL "based on what-ifs, why for, and maybe" for under 2 cents/share. If I wanted more of a guarantee, I would buy $40/share Kirkland stock (although they are down lately). Pretty sure most other's are here for the what if opportunity to make more than a 5% return. Look at the 6 month chart and you will see we are coiling up for a nice bounce any time now
Good point. Seeing red on half my holdings today. I'm choosing to double down and grab these cheap shares today. Solid .04 support today
Trips? Seriously? What a joke.
I bought more in the 4's. Trying to exit a few other positions to average down now
These shares in the 80's are a gift. Happy to grab all I can. Some will look back and wish they did the same
I can't believe folks are selling in this range considering all the potential we have here. I'm holding tight and looking for another new 52 week high and then dimes today
KL share price has been beat town to a great buying opportunity if you ask me. The Detour deal will provide some short term pain, but should be a good deal long term.
I hope so. She seems wound up real tight and wanting to break loose. We know how fast this can move.
It's definitely looking good. Lots of potential here
Could the third day be the one that hits a dime? Three days in a row of new 52 week highs? Look for this to gap up again in the morning and set the pace for a nice Wednesday run.
Company usually files Q1,Q2,Q3 reports with the deadline you mentioned. They do not file a Q4 report, they file the Annual report by April. The quarterly's are not audited, but the annual usually is. I'm hoping the 2019 annual they file is audited, with prior years to follow.
April 9th I believe, but can request a 5 day extension. I will have to check the calendar to be sure
Find or create a good DD post and I will sticky
Correct, 2019 Q4 data should be posted any week now to confirm.
This is what's keeping $KWBT from rising. Going nowhere until they stop.
Outstanding Shares:
02/03/2020 154,070,714
01/30/2020 146,747,990
01/24/2020 126,722,715
01/22/2020 115,270,707
01/21/2020 109,792,083
01/17/2020 109,792,083
01/15/2020 99,000,000?
01/08/2020 90,872,214
01/06/2020 86,553,209
01/03/2020 86,553,209
01/02/2020 82,439,479
12/30/2019 82,439,479
12/27/2019 75,443,167
12/23/2019 71,863,167
12/20/2019 68,463,167
12/18/2019 56,630,000
11/22/2019 28,369,800
No question it gaps in the morning. Looks like we could test .10 tomorrow. Such an opportunity here
I tried to get more also, but L2 was jumping all over the place right before close. Exciting day today though. Wonder what tomorrow holds...
Man, you're cranky tonight. Jumping on everyone. It's nice when plays work out, but they all don't. Been on both sides of that coin. I also bought at .0248 and trying for .05 tomorrow. I believe this can run even more!
You've been singing about this early and often. Those who listened saw massive gains. Props to you for staying on top of this one. I was lucky to get in under a penny. Loving the increase. Was glued to L2 all day today. Wouldn't be surprised if we hit a dime tomorrow. Looking for a gap up in the morning.
We had a range of .0078 to .0168 and closed up 56% at .0111. That's a win in my book, especially after a nice run last week. Let's see some more green tomorrow and see where this goes
The gain in my portfolio is definitely for real! Holding for a dime or more
You've been spot on so far Skiluc. I believe you called .06 today in an earlier post. Great calls so far! $HENC had an amazing day. .025 to .048 with new 52 wk high of .065 today. Big dump at end pushed her down a bit, but we should gap up in the morning. If you think you saw huge FOMO today, just wait for all the new eyes that will be on this with new 52 week high and 108% run. Get ready for higher highs folks!
$ACRL is far from over. Check back in a few weeks. Great loading price IMO. We've seen how this moves. Good opportunity IMO. 2019 Q4 info to be filed any week now showing the work new Board has done. I'm hoping it's audited to get started on the CTO lift. Just wait and see folks. Longs don't have millions of shares locked up for nothing
$GPFT is severely undervalued at $0.075. Great place to be loading IMO. I expect this to take off later this year. Patience should pay off on this one
Yup. About to test $0.06. Been an exciting day!
Welcome V. Buckle up and enjoy the ride!
Did someone ask for a new 52 week high? Well $HENC delivered one today! That's going to get some new eyes on this one. Nice 56% increase should help also. Check out the DD on this one folks!
I agree. Great loading opportunity here. Looks like we are in a few plays together and doing very well in them. I love seeing green in my portfolio!