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yielddude,,, OGC.to another old favorite. I remember when they put Didipio into production. Looks like their 2020 guidance doesn't include anything from Didipio.. Production will be down about 100K oz but still a substantial mid tier producer with good cash costs.
With Didipio on hold, I don't see a dramatic upside to the stock. Of course, if the Philippine government were to allow Didipio to resume operations, this is headed back towards C$5.
If gold rallies, Oceana will probably still be a market performer at best. Sad but this good company is a victim of country politics that aren't likely to change overnight. Safe jurisdictions are the best way to play miners. Don't take a chance on politicians taking your investment away.
mbx.to looks like a slow and steady play. Not familiar with the company but looked at annual sales for the past few years and saw 9, 10, 12, 13 million sales. Just getting to profitability. Should be a steady way to play biotech. Not sure it's going to create much excitement unless they can market new products and get the revs growing faster.
Goro is an old favorite of mine. Looks like new gold mine is kicking in with Q3 revs and eps rising. Expect market will appreciate steady approach to gold mining as well as steady dividend. Based on Q3, 2020 eps should be the low to mid .20's.
I have been playing bigger miners for the past few months. The gold rally has stalled a bit and after the train wreck of the past decade, investors aren't fully onboard yet. The trend towards etf's will retard the junior sector until gold prices attract more individual investors. The existing gold funds are definitely comprised of medium to large producers rather than junior explorers.
As you can tell from my posts, I like Sibanye Stillwater, SBGL. With the tremendous rally in palladium and rhodium over 2019, SBGL has been on fire. I expect the stock to continue to appreciate as financial results continue to improve. While both palladium and rhodium could easily reverse direction, I expect gold and platinum to take up the slack. SBGL is uniquely balanced in their production, with the four metals contributing around 1/4 each. I expect SBGL to reinstate dividends in mid 2020, which should bring another group of new investors to SBGL, including more dividend focused etf's and mutual funds.
This isn't a small junior, with a 7 billion market cap but with current metals prices, SBGL is still due for a rerating and a 10+billion market cap. If gold takes off in 2020, the stock chart should continue looking like the left side of a steep mountain.
Another biggish miner that I think will benefit from a new mine is Mag Silver. They are 44% partners with Fresnillo, the big Mexican miner in a district scale deposit near Fresnillo's big mine. The mine should come online in late 2020 and should be huge. The mine is expected to produce over 20 million silver oz a year and significant gold. Mag has over 100 million in cash on their balance sheet and no debt! The new mine will not only turn Mag into a cash cow but they have only explored 5% of the deposit so new discoveries could keep adding to Mag Silvers value over time.
My last pick would be Liberty Gold. This is an explorer of a big gold deposit. 6 million oz so far and more drilling to come. This is likely a buyout candidate fairly soon. There are so few multi million oz gold deposits in the world, much less in a safe US location.
Good luck. Bobwins
SBGL +.55 to $11.39 Big 5% pop in Sibanye Stillwater. Company gave Q4 and 2019 operating results today.
https://thevault.exchange/?get_group_doc=245/1581675808-sibanye-stillwater-trading-statement-year-ended-31-december2019-14feb2020.pdf
Improved PGM and gold prices made top line revs grow 44% for 2019 to US$5.043billion. Adjusted EBITDA increased 79% to US$1.034 billion.
2nd half performance was a huge improvement over 1st half 2019. Revs up 110% and EBITDA up 541% over 1st half. EBIDTA up 189% over comparable period in 2018. EBIDTA in Q3 was a greatly improved $377million but Q4 was an even better $504million.
Improved performance was used to pay down debt. Net Debt to Adjusted EBITDA ratio dropped in HALF! to 1.25 from previous year. This is significant because company said that when they reach a ratio of 1, they would consider reinstating a dividend. They had earlier said that might happen by mid year 2020 but 1 could happen soon at this rate.
I was a little disappointed that profits were a tiny $30million but this is much better than the loss of $191million for 2018.
Overall a very good report and I think the market is rewarding the company for continued good production results, gold division coming back online and dividends in the near future.
I was a little disappointed in the new rate. Hecla is going to pay 7.25 vs 6.75 on the old ones. Who is paying more interest nowadays, especially after the repair work they've done on their balance sheet?
Market seems disappointed in the refinance announcement, maybe the rate increase was leaked. Refinance is a good thing because there will be no debt deadline coming up in 2021 and postponing maturies until 2028 is also good. Guess market wants to see profits.
Shutting down Nevada operations is definitely a negative. Company says they are going to study how to improve operations and turn it into a profitable mining operation but market was obviously hoping it would be a quicker turnaround. In hindsight, acquisition of Nevada was a big recent mistake. At least mgmt has stopped the bleeding but Nevada will be an anchor until they get it fixed or give up.
They need Lucky Friday to come back online quickly and profitably. Fancy mining machine keeps getting delayed so there must be design or operational problems with it. Even after it arrives late this year, it's probably going to take some time to get it running correctly.
Earlier in the year, Siyata's UV350 was used by Motorola to demonstrate their software. Imagine how easy it would be for Motorola to "sell" existing LMR customers on new technologies, including new software solutions that improve on the customer's old LMR situation AND allow the customer to move up to the new First Responder network.
Longer term, I believe that Motorola will end up buying out Siyata so that Motorola can retain their stranglehold on the First Responder clients.
Certainly the First Responder clients would be MUCH more likely to buy this new technology from a trusted supplier like Motorola than an upstart like Siyata.
I posted last year that First Responders and the municipal governments that fund them are NOT going to be early adopters. They are NOT going to replace old LMR equipment unless they are POSITIVE that it works every time, all the time. Replacing the communications equipment in EVERY police car, every fire engine, every Chief's car, every ambulance, every school bus is a massive expense decision that won't be made easily or quickly. Several posters disagreed with me but I think that's what's happening and why it taking awhile to get traction in the market. It will happen but it will take time and some key customers to agree to be used as examples to the national community of First Responders.
no, holding 6/20 $3 calls.
HL +.21 to 3.29 Hecla posted a good Q4. They lost 8 million but had positive cashflow of $57million. For 2019 they lost 100 million with 120.9 cashflow.
Hecla had record gold production of 272K oz, 12.6 million oz of silver and record revs of 673million. They used the cashflow to pay down debt by 136million or 23% of peak net debt.
Hecla, like most miners is enjoying rising metal prices while controlling costs. Debt is an issue with the stock and that is why Hecla has been trying to paydown debt. They paid off their revolver in full and are trying to refinance term debt in the first half of 2020. They were at high junk bond rates of over 12% but now expect to refinance in the 8% range, lowering interest costs substantially and removing the refinance deadline.
I like Hecla because they have substantial silver production so could benefit from a big run in silver but also have hefty gold production that is currently the most profitable. Besides the refinancing catalyst coming up, they are restarting the Lucky Friday mine after the strike was recently settled. They should be back to a 3 million oz/yr run rate by late 2020 vs the 650K production of 2019 when they were running the mine with a skeleton crew of salaried workers and hourly staff.
Also coming in late 2020 is a specialized machine that has been in the works for a couple of years. This is a specialized mining machine that will hopefully eliminate blasting. Should be safer and more efficient. This is important because the Lucky Friday is entering the prime high grade zone of the mining material for the next 20 years of mine life. This was part of the reason for the strike. The company didn't want to go into this profitable ore with restrictive work rules. The old union rules allowed senior miners to pick where they wanted to work in the mine and who they wanted to work with. The company fought for control of their workers and finally won after a 2+ year strike. They expect about 2/3 of the initial striking miners to come back and will hire additional workers to get staffed up by year end.
By year end, Lucky Friday should become a profit center again after negative financial results for the last 2 yrs.
I have some call options on Hecla. I expect the operational and financial performance to improve in 2020 and beyond.
https://finance.yahoo.com/news/heclas-fourth-quarter-continues-strong-083000847.html
SBGL +.52 to $10.63
WHO said today that Corona Virus is an epidemic but not a pandemic. That lit a fire under a lot of miners. Sibanye bounced back from a bad day yesterday because palladium really responded by climbing over $100 today. Today's rise is in spite of gold selling off presumably because Corona isn't expected to spread worldwide. We'll see. It could still be a problem for China to get under control. I watched a youtube video last night of the 1,000 bed hospital that China built in 10 days!!!!!!!!!
It was prefab but still amazing. They are building a second one that will house 1500 patients that are diagnosed with Corona. Amazing that they had the prefab materials and could get it going so fast. I still think hospitals in Wuhan will be overwhelmed because # of verified cases is in the tens of thousands. 2500 new beds will not totally address their problems but at least 2500 patients will be quarantined and not be forced to go home and spread the disease to their families. That's what's happening now.
They filed 10k for 2018. Lost $671K on total revs of $704K. That's actually not bad, considering the litigation settlement was $894K. MGMT lowered admin expenses pretty drastically. For instance, Mr. Gans didn't take a salary in 2018. So hard to predict how 2019 will look. But at least they are gradually catching up with the filing.
naturally SBGL is strong today! Goldman put out a buy and $14 price target.
Even though I am cautious on SBGL, I haven't given up on the stock. Still holding my positions, just not sure how Corona Virus will impact perceptions. With current metals prices, Sibanye is going to do well. It just depends on the perceptions in the market about their future.
I think Sibanye is a great way to play the PGM and gold markets. I expect Q4 numbers to be slightly better than Q3. They should pay down more debt and hit their guidance of reducing ebitda/debt to 1.5. When they hit 1.0, they have said they will re institute dividends, which I think will happen around mid year. So lots of good news coming.
BUT
China is a big part of the new car markets. Less new cars sold, less PGM demand. Palladium is in a bubble because paper sellers of palladium are scrambling to find physical palladium to fulfill their contractual obligations so the price has doubled. Rhodium is lightly traded and is past bubble territory. Both of these metals have probably peaked. Gold and platinum could still have their own bubbles but platinum needs automakers to switch their auto catalysts over to platinum to increase demand. That takes time and probably won't happen in 2020.
So while I expect financial results to be good in 2020 for SBGL, I am worried about the corona virus impact on China's economy and specially auto sales. Even if this peters out like SARS and doesn't turn into a pandemic, it's going to hurt China short term.
So if I were to pick a metals producer now, I'd probably lean more towards a gold heavy producer rather than SBGL. Gold is only about 1/4 the revs for SBGL so even if gold goes up strong, it may not offset the weakness in pgm's.
Siyata can't seem to get any momentum even though all the news has been good. It's probably going to take real profits to get the markets attention. Eventually Siyata may have to list on Amex to attract US$.
I thought AT&T might have more clout to send sales soaring right away but the end customer is local government agencies so they can't move that fast, especially when changing out a vital part of their operations.
huesos, this article was on the kitco site. Lobo is not my favorite newsletter writer but this article does speak to your question with some actual facts and charts.
https://www.kitco.com/commentaries/2020-01-15/Red-metal-rising.html
It's supposed to be a public company. That means public financial statements so we can tell how they are doing. No meaningful comeback until company catches up and produces timely financials. AND the financials have to be showing a positive trends and hopefully some profits.
certainly commodities have been in a long term bear market and there are definite signs that commodities are breaking out to the upside.
However, copper is a special case tied closely to economic activity. And the center of that activity is China. If there is a global slowdown/recession, China's appetite for copper is not going up and so the likelihood of a price surge are not great. The recent outbreak of this new virus is going to smack the Chinese economy hard in the short term. If they can get control of it quickly, the harm may be modest but I think it will still slow parts of their economy noticeably.
Psychologically, it will cause caution and hesitation by decision makers.
I think the copper bull call is highly dependent on a healthy Chinese economy and I think that it's premature to make that call.
SBGL +.36 to $11.14
I decided to research how much Sibanye produces in the various metals. I found a 9/19 presentation with approximate numbers from 2018. They include projected totals from the Lonmin acquisition that closed in 2019.
Platinum #1 in the world 1.48 million oz
Palladium #2 in the world 1.13 million oz (doesn’t include recycling # from US)
Rhodium #1 in the world 196K oz
Gold 10th? In the world ~1 million oz
To get an idea of the impact of rising metals prices, I looked up prices on 1/19 versus today.
Platinum $800 to 1018 today or +$218/oz
Palladium $1200 to 2354 today or +$1354/oz
Rhodium $2500 to 9,985 today or +$7485
Gold $1290 to 1557 today or +$267/oz
Using the annual production #, let’s look at the impact of the price increases on 2018 production.
Platinum 1.48X 218 = $322.6 million
Palladium 1.13 X 1354= $1.53 billion
Rhodium 196K X 7485 = 1.46 billion
Gold 1 X 267 = 267 million
Total projected annual revenue increases due to increasing metal prices $3.579.6 billion
Total annual revenue for 2018 was about 3 billion dollars. So IF prices stay elevated, total revenues will more than double from 2018 levels. Assuming costs stay about the same, the bottom line should improve by the 3.5 billion dollars.
SBGL +.95 to $11.15
I've been reviewing all the Sibanye Stillwater recent video interviews. CEO Froneman was interviewed about 4 months ago and said they were very focused on debt reduction to about 1.5 times ebidta by 12/31/19. He also mentioned dividends. He said they feel it is feasible in the near future when ebidta to debt levels reach 1 to 1.
Based on the runaway price appreciation of palladium and rhodium plus the recent awakening of platinum prices, I have to believe that Sibanye is going to announce a dividend in the first half of 2020. That should give the stock another boost upwards. Very few miners pay dividend and in this interest rate starved world, it would give investors another reason to buy SBGL.
During one of the interviews Froneman said that when they bought Stillwater for about 2 billion dollars, palladium was at $700/oz. In the video, it was last fall and palladium was at $1400/oz and he said NPV of Stillwater had gone from 2+ billion to 6 billion. Since palladium is now at $2100+, it's likely that NPV is now closer to $10 billion for Stillwater and the South African PGM and gold operations would be in addition to that.
Sibanye produces over 1 million oz of gold annually so the recent rise in gold of about $200 has added $200 million in topline revs to the company.
Sibanye is very unique in their world leading PGM production as well as their substantial gold production. I am looking forward to a breakout year in 2020 for SBGL.
CDE 5.98 -1.05 Coeur peaked a few weeks ago at 8.29. price dropped hard when two brokers issued sell and hold ratings. Obviously they knew what was coming and for once were right.
Coeur bought the Silvertip project and was projecting a huge turnaround for this base metal/silver mine. Even though results had been disappointing in 2019, Coeur reiterated their annual production guidance in mid November 2019!!!
Here are their midpoint guidance numbers versus what they actually produced:
Gold 353K oz vs 359.4K produced
Silver 13.5MM oz vs 11.7MM oz produced
Zinc 32.5MM lbs vs 17.1MM lbs produced
Lead 27.5MM lbs vs 16.6MM lbs produced
After Q3, they needed about 10MM lbs each of zinc and lead from Silvertip to reach annual guidance. When they reiterated annual guidance in November, I figured they must have solved the issues at Silvertip. Obviously they didn't. I had options and was up 4X at the peak. The broker downgrades scared me out at not even a double. Glad I got out. They will likely take a writedown of Silvertip at year end that will make the financials look even worse than these production numbers forecast.
Management credibility is going to be zero after this miss/mess. Stock starting to recover today but will drop again when 2019 financials are released in a few weeks.
SBGL +.77 to 10.97
Huge pop in platinum AND palladium. Sibanye is #1 in platinum and #2 in palladium. Also #1 in rhodium. Add in a few hundred thousand ounces of gold and you've got a winner!
sbgl 9.85 Looks like Sibanye is getting a pop at the open. For some reason, platinum is up 3% in the early trading. Sibanye is #1 platinum producer in the world. Gold, palladium also up and Sibanye is a big producer of those metals also. I looked at Q3 2019 financials. EBITDA tripled from Q2 to Q3. Expect another good report for Q4 as gold production ramps up and costs are stabilized.
SBGL closed at 9.85 yesterday but up in premarket. Platinum is up big today. +$30/oz. don't know why but Sibanye is the #1 producer of platinum in the world so should get a big pop.
SBGL +.03 to $9.89 Sibanye Gold has had a bit of a selloff after a stellar run this year. SBGL has doubled since early September with barely a blip. But after reaching a 52week high of 10.49 on 1/8/20, it sold off around .65. Still a great looking chart for 2019 and I think Sibanye has a big run coming. Gold operations in South Africa should ramp up in 2020 as the big strike has been settled for several months. In addition, Sibanye is the premier way to play the PGM market. Palladium is at record highs over $2000 and Platinum is looking for a big rebound. Platinum typically sells at a significant premium to gold due to it's relative scarcity. Eventually automakers should switch to platinum from the now twice as expensive palladium. It may take a couple of years for the reformulation of the catalytic converters and testing but it's inevitable that there will be a switch as long as the price difference is this great.
On another note, I found that as of the latest listing, SBGL is the largest single holding of GDXJ, the gold juniors etf.
miners are a leveraged way to play precious metals prices. But this could be a short term pop in prices so the actual producers don't always participate until the public believes that the prices are here to stay.
Gold and precious metals markets are still recovering from a vicious bear market. That drove away most investors. And the FED probably doesn't support gold prices whenever they fall.
Happy New Year to all the old timers! Bobwins
gold moving towards 7 yr high, currently around $1576. Global tensions, obvious and unprecedented money printing all over the world, government intervention in stock, bond, currency markets, what me worry?
My favorite pick is SBGL. ~$10 This is a big South African miner with platinum, palladium, rhodium, gold production. Most profits are being driven by their Montana operations producing palladium and platinum. If the world economy does well and autos follow, SBGL is the obvious choice. They are the world's largest platinum producer. They are the third largest palladium producer, key to automotive catalytic converters. Rhodium is a significant contributor and has soared above $5,000/oz. But if SHTF, SBGL is a big gold producer.
Gold has been the problem child for SBGL. Miner strikes in South Africa hampered production and resulted in losses in 2019. Those strikes were settled in mid 2019. Company is ramping up operations and should return to big profits in 2020. How big? Several dollars a share. The company has been digesting two major acquisitions over the past three years. 2020 should be the year when everything comes together.
https://thevault.exchange/?get_group_doc=245/1574838315-IRmeetingpresentationendNov2019Londonshorttoprint.pdf
gold ended the day at 1551.40, a very positive day. Getting close to breakout levels as this was the area that gold peaked at in September before fading. IF we can push thru 1550 decisively, we should make a near term run at $1600 and more. Geopolitical tensions are good for gold as well as the recent weakness in the US$.
Conversely gold miners sold off after the morning pop and ended negative.
Guess we'll find out next week whether gold continues towards a breakout or the miners fade more.
SBGL Sibanye is a big cap miner. Split between the old Stillwater PGM in Montana and traditional South African deep underground mining, Sibanye has recently settled with unions that hindered their gold mining operations in S Africa. Sibanye is big. They are #1 platinum producer in the world. Platinum has been pounded down to historically low levels by the diesel crisis. Recently the price has bottomed and begun to rise.
They are #3 in palladium production worldwide. Palladium has been the star of metals prices, hitting 1800/oz as gas car catalytic converters have been in high demand and production of palladium is pretty level. the deficit has caused rapidly rising prices, while most other metals have suffered.
Sibanye is a big gold producer and should get a big boost now that the union workers are back. 2nd half 2019 should show improvement and 2020 should show the full production capacity of the S African gold mines. With the improvement in gold prices, Sibanye should show significant improvements in cashflow.
Rhodium price increases have been spectacular to the $5,000/oz level. Also used in catalytic converters, Rhodium is a minor metal but Sibanye is a major producer and has benefitted from the price rise and will continue to do so.
Sibanye is a unique producer of gold and PGM's. Much of the world's palladium comes from Russia. The price increases won't impact world production because PGM's are rarely the primary metal in deposits and there are very few potential pgm deposits with high enough grade to make money, even at current prices.
Sibanye has tripled from the lowest levels of 2019 but still has big upside due to the negative effects of the S African strike on production and costs. I have seen estimates that Sibanye could earn as much as $6/share in cashflow in 2020. Given it's unique position, Sibanye will benefit from gold, palladium, platinum and rhodium like no other listed stock. Currently priced at $8.82, SBGL could easily triple again in 2020. There are downsides. Many investors hate the South African exposure, the high cost deep deep mining and the potential for power disruptions, strikes and losses if metal prices don't continue climbing.
The Stillwater operations represent about 50% of operations and have been the reason for recent balance sheet improvements. This is a rare high grade PGM deposit that is producing exactly what the world craves.
https://thevault.exchange/?get_group_doc=245/1567082412-sibanye-H12019-results-booklet-29aug2019.pdf
https://thevault.exchange/?get_group_doc=245/1574838315-IRmeetingpresentationendNov2019Londonshorttoprint.pdf
I bought a small position in SBGL options out to 7/20 at $7.50 strike. I hope to liberate some additional cash in the next few weeks and buy more.
this looks big
Siyata Mobile To Be Major Supplier in Large Government Tender for Push-to-Talk Over Cellular (“PoC”) Devices
Tender for Various Government Agencies Valued Between $3M to $5M
Montréal, QC – Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce the Company will be the main supplier of a closed government tender to deliver up to 15,000 Push-to-Talk Over Cellular (“PoC”) devices for various government agencies. Dependent on the total units and mix between rugged handsets and in-vehicle devices, the tender is valued between $3M to $5M and anticipated for delivery in the first half of 2020.
Since the beginning of Q4, the Company has announced a minimum of $6.5M to $9.0M of new business for its portfolio of 4G Push-to-Talk Over Cellular devices. The upper-end of this range being greater than its cellular device sales in the first three quarters of 2019 and greater than all of 2018 4G cellular device sales.
my error. cp-250 is apparently a tablet version that is 4G. So margins should be similar to UV-350 in mid to high 30% range. So Q4 should be very good if they can find a couple million more sales in December.
this is a huge sale but caution because it's the 3G model. They had low 20% gross margins when 3G was acceptable. I can't believe they would even hit 20% gross margin on this sale. Will help gross sales and hurt gross margins.
Hopefully this will help blowout the old inventory.
sim.v/SYATF +.02 to C$.33
https://seekingalpha.com/article/4309148-siyata-mobile-presents-rare-opportunity
positive article on Seeking Alpha
Plus PR that Siyata sold 1.8million in old equipment to a taxi company. Since it's the old 3G equipment, I have to believe they reduced the sales price to move the equipment. The CP-250 had low 20% gross margins at full price. This is likely less than that but still a significant order for siyata. Q4 should exceed last qtr's $5million in gross sales.
yes, but it might take some time. Siyata has to gain attention by continuing to increase sales and finally start showing a profit. Venture Exchange has been in a bear market for mining stocks for several years. Most canadians have given up on mining stocks and gone whole hog for marijuana stocks because they made money for awhile. Now even marijuana stocks are in the doghouse. Only hope for Siyata is to gain attention from US investors. Since the main market for this device is in the US, that should make sense. But First Responders and municipalities aren't first movers. They tend to be conservative. They have old motorola land based radios which are tried and true but not easily converted to allow multiple agencies to share info. That's why the First Responder network went to cellular. I think many fire and police will stick with motorola. They have a new, expensive version of their radios that work with the First Responder network but they only have voice radio. They can't host android programs so no mapping programs or other programs that work on our cell phones, which the UV-350 Siyata device can do. But Siyata doesn't need every police and fire department, they just need 10% of the market to gain substantial sales and profits. This is a multi billion dollar market.
TSX is still mainly mining stocks. I think gold and silver are going to rally in 2020. Governments worldwide are printing money like there's no tomorrow. It takes years but eventually it catches up to you. Ask Venezuela. Will it happen in 2020? Will investors forsake the FED put? I think many will start to realize that the world central bankers are really desperate and will try anything to keep the musical chairs going. We are due for a correction in the overall markets and if gold/silver run, the Venture should do well. But I've been saying that gold and silver should run for several years and it ain't happened.
Central Banks and their printing presses are formidable. They won't stop until the market stops them. They have politicians on their side, cheering them on. You still have time with Siyata. They still need to show dramatic sales gains before they break out. That's going to take some time. Verizon has to formulate a sales plan and energize their national sales staff to present the UV-350. And you have the fact that municipalities aren't flush with cash to convert every local agency to the new First Responder network.
Siyata does seem to be gathering momentum. Two sales announcements of $1million dollars during the last month. AT&T and Verizon are now promoting Siyata in the US along with the two biggest wireless companies in Canada. Siyata is spending more money so probably needs at least 30 million in sales to come close to break even. Siyata thinks that $100 million per year is possible in several years.
SIM.v/SYATF C$.325, this is Verizon so Siyata now has the two biggest wireless carriers in the US and in Canada pushing their product. I think Siyata is getting closer to a breakout. Two announcements in the last few weeks of million dollar orders. They did $5million last qtr so these are significant order sizes. Always takes longer than you think but just having AT&T and Verizon expose their existing customer base of First Responders AND commercial customers should boost sales dramatically.
November 21, 2019
Siyata Mobile Receives Network Approval from Additional Tier 1 U.S. Cellular Carrier for Uniden® UV350 In-Vehicle Smartphone
Montréal, QC – Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce it has received network approval for the Uniden® UV350 dedicated in-vehicle smartphone from an additional Tier 1 cellular carrier in the United States. Commercial launch of the UV350 is anticipated shortly with this Tier 1 U.S. cellular carrier.
Marc Seelenfreund, CEO of Siyata Mobile, commented, “We are very excited to be working with another one of the largest cellular carriers in the United States to provide first responder and enterprise customers access to in-vehicle technology that offers more features and increased safety for much less cost than land mobile radio solutions. Working with this carrier creates an opportunity for Siyata to grab significant in-vehicle cellular market share as more first responder groups and enterprises are seeking to migrate to Push-to-Talk over Cellular over a broadband network.”
CDE +.25 to $6.86
Coeur continues to outperform. Since I posted the stock a month ago, it has gained 40%. I still think it has good upside as the company expects a big Q4 with improving production and decent prices for gold and silver.
This could be another example of Big = Good. Miners are smallish and index and algos ignore small cap. Coeur is a multi billion dollar miner, among a "precious" few miners that qualify. As the stock performs, it continues to attract buying. Algos don't care about p/e, p/book, p/cashflow. If it goes up, they buy!
I think the legal settlement of the lawsuits is a big deal. I've been thinking for a long time that mgmt may have been downplaying anything positive until the settlement was reached. Notice how profits are starting to come back just after the settlement. We'll see if the underlying business is doing well and can grow from here. Overall economy may throw a monkey wrench into growth if it hits a rough patch. But low interest rates and full employment should encourage risk taking for new potential startups. This business needs a steady flow of new licensees starting up in new cities.
CDE finished strong, hitting another intraday high of 6.49 before closing at 6.47
cde +.14 to 6.33 Hit intraday 52wkhi today at 6.35. With gold and silver flat to down slightly, CDE is outperforming. CDE is up over 100% since 5/29/19 bottom in metals pricing.
CDE has been aggressively paying down debt. Paid off $250million revolver in full last qtr and so has no debt worries. Cash is building and all five producing mines are in North America. Working hard to reduce costs and improve production. Has a long list of mine improvements set to take place in Q4. Q4 should be a blockbuster qtr with improving production, especially in their underperforming Silvertip mine in BC, Canada.
I expect some issues in Mexico as legislators are making noises about increasing mining taxes. That plus ongoing issues with cartels will move Mexican focused miners down the risk ladder.
I think CDE will continue to outperform. Mining is risky but Coeur appears to be reducing it's risk profile and showing consistent free cash flow. Institutional investors seem to be getting onboard and the outperformance of the stock will insure that the AI driven index funds will keep buying CDE.
AG +.09 to 10.27 First Majestic out with Q3 earnings. Revs up 10% and went from loss to .04eps. Cash up $20 million from previous qtr and cash and AISC costs down substantially.
First Majestic is the biggest pure silver producer. Stock has traditionally been a leader in mining stock valuations but has faltered a bit lately. Up sharply from a year ago so may have reached full valuation. Of course, since silver could still move up further, AG could move up further based on improved earnings and proven reserves.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1082-tsx/fr/69398-first-majestic-reports-third-quarter-financial-results-2.html?utm_source=newsletter_700&utm_medium=email&utm_campaign=junior-mining-news-for-date-b-j-y
cde +.11 to 5.71
Coeur up a little after reporting third qtr loss. Most other miners are down with gold and silver prices. They are on track to meet 2019 guidance IF they get a blockbuster qtr out of their underperforming Silvertip mine. This is primarily a base metal mine with silver byproduct. Base metal production will have to triple or quadruple in Q4 to meet annual base metal guidance. I doubt they hit those marks, especially with low base metal prices but they reaffirmed whole year guidance. Maybe they think market won't care if they hit precious metals numbers and miss on lead or zinc.
Several of their mines are producing at a profit and overall free cash flow positive, which is the new mantra with some miners.
https://finance.yahoo.com/news/coeur-reports-third-quarter-2019-213000153.html
gold and silver look like they may be about to begin another run. The miners acted pretty positive even though gold and silver were even to slightly up. Hoping for a runup into year end tax loss selling.