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A big difference between the 2 companies is leadership. NB is now headed up by Molycorp founder, Mark Smith, noted for his promotional abilities. Believe much of the interest generated in NB came from presentations in Europe. Other than that, I don't have anything specific which would explain the difference in performance between the 2 stocks.
Road shows can indeed work at getting a stock price up even in a depressed sector such as the strategic metals area. Another junior I hold, NB.V, is at a similar stage of development as EGZ. A couple of road shows took that stock from 15 cents earlier this year to 80 cents about a month ago. Both companies are working on bankable feasibility studies and IMO, Energizer will prove to have more robust economics.
Agree that the Sagar divestiture is a step in the right direction but unfortunately the funds raised won't do much to bring the project on stream. The key is the bankable feasibility study we are all patiently for.
I would view road shows as a positive only if the end result is a higher stock price. If not, one could conclude that the company put on a poor presentation wasting scarce company funds that could be better employed chasing potential joint venture partnerships or some other means of raising the capital necessary to get the project off and running.
Road Shows are often done for the sole purpose of raising investor awareness of the company doing the road show and if there is any significant interest in the company, this often results in an equity financing. Once the BFS is complete the company will presumably be in a position to secure some sort of financing from Cat to cover costs of equipment purchase/lease but I assume the company would still require funds for working capital etc which would likely have to come from the sale of equity. My hope is that the amount of money to be raised is small enough so as not to dilute the s..t out of existing shareholders.
NB is the stock symbol on the TSX Venture Exchange traded in Canadian $ while NIOBF is the stock symbol for the same company trading on the US pink sheets market in $US.
Could also mean that GMP is trying to curry favor with EGZ management with the hope that they will get to do a financing at a low stk price. I certainly hope this isn't the case as my average cost on this dog is double where it is currently trading.
There's a big difference in environmental impact from an underground operation such as the NIOBF project an an open pit mine.
Sherritt(S.TO), the operator and majority owner of the Madagascar mine also has significant cobalt production from its nickle joint venture in Cuba. Wouldn't be surprised to see talks between Energizer and Sherritt at some point
I've been avoiding China based based plays for the last few mos but FWIW, think you've picked another winner with ZA. I picked up an initial 10k shs today as I thought the dumping was abating and will watch volume closely.
Not negative on Focus but prefer ENZR(EGZ on TSX) mostly because they have a much larger open pittable deposit located in Madagascar which is much closer to the Asian market. EGZ has some financing in place from CAT which it is trying to supplement with a small private placement. Both companies are working on finalizing feasibility studies but I've placed my bets on EGZ - hope we are both right.
They certainly diluted the heck out of the company with the latest capital raise but the stk is presently trading at under the latest issue prices which on surface looks somewhat attractive to me. My main concern is the security of the company's concessions. It seems to me that the fledgling government in the DRC could decide to revoke these concession if they wanted to. The company has been in negotiations with the gov't but performance of the stk could very well depend on the outcome of such negotiations. Not the sort of investment I'd mortgage my house to buy but being a sucker for the long shot, I confess I did initiate a small long position.
FRN.V Any thoughts on this one as a long term asset play? The company claims to be the largest farming and oil palm plantation operation in the DRC, Africa with 107,892 hectares of oil palm concessions and 10,000 ha high quality arable farming land. They purchased run down oil palm plantations from Unilever a couple of years ago and are currently refurbishing them to bring them up to their former glory in Unilever's heyday. FRN is currently losing money as they are spending on replanting existing concessions but they recently raised $25 million from deep pocketed gov't backed entities at 10 cents per share and have a market cap of around $50 million.
It's refreshing to see a message board where participants actually do research and aren't afraid to post analysis contrary to the established points of view. Thanks guys!
Y vs DXM - Totally agree that Y appears to be safer than DXM at this point because of DXM's heavy debt load but a case can be made that on a risk adjusted basis DXM may very well win out over the longer term. I don't hold either stk but do continue to hold the Dex One notes due in 2017. For the time being they look safe enough to me but I must confess I'm nervously watching DXM's progress.
Y vs DXM - Totally agree that Y appears to be safer than DXM at this point because of DXM's heavy debt load but a case can be made that on a risk adjusted basis DXM may very well win out over the longer term. I don't hold either stk but do continue to hold the Dex One notes due in 2017. For the time being they look safe enough to me but I must confess I'm nervously watching DXM's progress.
Any thoughts on today's Seeking Alpha article which concludes that DXM is the better play at this point?
Yellow Media - impressive results esp when compared to DXM which also reported.
Awilco - Nice summary Will. Thanks for posting it. I've been nibbling away at AWLCF.OB since $18 and naturally wish I had picked up more given current prices.
AWILCO - On the move today due to a Seeking Alpha article. This is a company with a primary listing on the Oslo exchange but also trades OTC in the US. They have 2 recently refurbished contracted semi-subs operating in the British sector of the North Sea spinning out impressive cash flow and paying a quarterly dividend of $1 per share. Think the Seeking Alpha author is a bit optimistic with his projection of a doubling of the stk price but do see further upside with a current dividend yield of close to 20%. Main downside I see is the fact that there are only 2 semi-subs and if for whatever reason one of them has problems, cash flow gets halved.
ANV Bond. Since it's denominated in $Cdn, I assume it's traded in Canada. Don't see a quote anywhere so I further assume, it's a situation where one has to phone a broker to get a quote. Without any independent quote source eg finra, brokers in Canada tend to give wide spreads guaranteeing themselves handsome profits. How do you see trading this one?
GSE - Still watching with my fingers crossed. A Forbes article mentioned 5 stks with the potential for extraordinary gains - one was GSE with a $6 target. I averaged down on this one a bit early...
Nice call on AMCN - I picked up a few shs when you mentioned on this board a couple of mos ago. Presently looking at BOY.TO - trades at around 1X earnings and appears legit.
AWLCF.OB I've been nibbling on this one for the past couple of weeks. It is a UK company with a primary listing on the Oslo Exchange, symbol AWDR.OL. The company has 2 recently refurbished contracted semisubs opering in the British sector of the North Sea. PE looks to be less than 5X current year's earnings and expected yield is over 20% per annum based on the $1 per share payout for the first 2 quarters this year. If the company ever uplists to a major US exchange, I expect a significant multiple expansion from current price levels.
Sold both my ELP and MIG today for modest trading profits after 1 day holds - charts looking a bit iffy IMO. Will take a look at some of Frankiy's favorites this weekend if I get a chance.
Don't see any comparison between GSE and MAT.V other than that both stks are down over the last while. I am not currently in either IVAN or MVIS but did trade both profitably. Have since profitably traded MNTX which I mentioned on this board and this morning picked up small trading positions in ELP and MIG. Tried to get some TA and WD as well but both got away.
The formal feasibity did not meet investor expectations in that the numbers were less robust than the preliminary feasibility study. IMO, the deposit will go into production at some point but they will have to look for ways to reduce costs to get payback down to 3 years from the current 4 year estimate depending on how desperate Toyota is to get an secure supply of needed rare earths. Still regard this as an interesting speculative situation and hold a small position.
The formal feasibity did not meet investor expectations in that the numbers were less robust than the preliminary feasibility study. IMO, the deposit will go into production at some point but they will have to look for ways to reduce costs to get payback down to 3 years from the current 4 year estimate depending on how desperate Toyota is to get an secure supply of needed rare earths. Still regard this as an interesting speculative situation and hold a small position.
MAT.V - Another leg up on this one today, presumably due to investor expectations regarding the company's feasibility study on their Kipawa rare earth deposit scheduled to be released tomorrow before mkt open followed up by a conference call.
MVIS/MNTX: Switched my MVIS into MNTX this morning. Expect MVIS could run into short term resistance at the 50 day MA while MNTX should have good support here.
Sometimes it's better to be lucky than smart. I'm watching IVAN for signs of a bottom before getting back in.
EGZ.TO/ENZR - Now upgraded to OTCQX in the US which is presumably the reason for the stk bouncing off the 50 day MA onward and upward. I continue to hold a core position in this one as I am impressed with the company's world class graphite and vanadium deposits in Madagascar.
Switched out of IVAN this morning into MVIS mainly because of the technical charts. Are you still in both?
SGF.TO - A Saskatchewan diamond deposit undergoing environmental assessment on the move.
SGF.TO A Saskatchewan diamond deposit undergoing environmental assessment on the move.
Opened at $1.41 leaving $0.03 on the table for the arbs.
Congrats on IVAN. I had to move my bid up to 65 cents yesterday but still only have a smallish 10k position. Should be clear sailing to the 50 day MA.
Tried and managed to establish a massive position of 500 shs before the offer moved up. Will wait and see what happens to the rest of the order.
GSE I averaged down on that dog but not breaking even yet.
MAT.V This is an interesting Cdn junior with a rare earth deposit undergoing a feasibility study which should enable the company to be one of the first to go into production in Canada. They are backed by their joint venture partner, Toyota, which will take the concentrate produced.