Value Investor Extraordinaire/Professor/Professional Poker Player
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Thanks for the reply, KC! BTW I finally found out why we had such a big dip recently. Check out Seeking Alpha. Gold Panda speculated that the modest 4Q was more of a result of a depleting Pearl mine than just the fact that they had already met their annual target by then and didn't process everything they had mined, which I tend to believe.
Anyway, being flushed with cash at $52M and lots of other properties to mine, I like our odds...VERY MUCH. And when interest rates finally subside gold prices should really pop.
I look forward to Jason's year-end conference call.
Go FTCO!
FTCO is a great company with potentially an even greater future. High rates have held us down for a couple of years now for sure. Who cares about a miner 8% dividend if you can get 5% risk-free on a CD these days, right? But when rates eventually fall again, watch out. This baby is headed to the moon! Still don't understand recent dip. Hopefully the next Conference Call will shed some light on it. And no I'm not a Business Professor. lol
FORTITUDE GOLD-THE GIFT THAT JUST KEEPS GIVING
Fortitude should be an easy double in the next 12 months when new discoveries are announced, and when we get upgraded to the NYSE and new investors see what's going on here, the sky's the limit. Stay tuned.
Sorry, but I think Trump has poisoned the minds of many
SAD
UNRV UNDERVALUED BY 10-50X COMPARED TO PEERS
Check out this technical section of a recent article titled:
$UNRV - The Severely Undervalued Pot Stock Consolidating the West Coast Market. Poised for a an Imminent Breakout and Massive Long Term Value.
The last sentence tells if all. Will patient "TRTC" investors finally get the last laugh? Stay tuned.
2. The Technicals
$UNRV is primarily operating in California which is unquestionably the largest market for cannabis in the United States. In 2018 the recreational cannabis industry was estimated to be approximately $2.5B and was expected to reach $7.2B by 2024. Cumulative US market size expected to reach $42B by 2026. While it is difficult (impossible) to state what % of this market size $UNRV will hold, based *strictly* on their currently expected revenues, we can come to a conclusion that $UNRV is undervalued by *not even considering the exponential growth expected in the cannabis industry.* The P/S ratio for $UNRV currently sits at ~2.02. This is using 2020 revenue which was $14m. With the expected $130m revenue in 2022, the P/S ratio will be *less than .2* which is so undervalued it is completely laughable. $SNDL has a P/S ratio of 20.5, TLRY has a P/S ratio of 6.3, $ACB has a P/S ratio of 6.2, CGC has a P/S ratio of 11.2, and $HYFM has a P/S ratio of 2.6 (honestly HYFM is pretty beat up and a decent value play compared to most other pot stocks).
Market cap for $UNRV is currently sitting at $120m. Their ARR will exceed this market cap alone (130>120 for those of you with smooth brains)
A couple of comparisons for you: $CGC has a market cap of $5.62B and 2020 revenue of $300m (revenue is approximately 2x 2022 value for $UNRV while market cap is at >46x $UNRV)
$CGC has a market cap of $1.5B and 2020 revenue of $268m (revenue approximately 2x 2022 value for $UNRV while market cap is >12x $UNRV)
$TLRY has a market cap of $5.3B and 2020 revenue of $530m (revenue approximately 4x 2022 value for $UNRV while market cap is >44x $UNRV)
As you can see, compared to some of the most popular pot stocks on the market, despite $UNRV having comparable (less than but increasing AND newly acquired -- also: is the company now greater than the sum of its parts?) it is MASSIVELY undervalued compared to the other pot stocks that are out there. This means that even prior to legalization, $UNRV has the greatest room to run of any of the pot stocks that are on the market. If it doesn’t run prior to legalization (though I suspect it will), I would expect parabolic action and it’s valuation to catch up to at least be comparable to it’s peers. There are approximately a million other factors you can analyze here, but these are some very basic and easy to comprehend factors that should signal to any retail investor that the newly acquired revenue streams indicate a 10-50x undervaluation for this stock when compared to its peers.
430M SHARES IS A LOT, BUT THIS NEW MANAGEMENT GROUP LOOKS LIKE THE REAL DEAL
GET EM WHILE THEY'RE STILL CHEAP, AND BEFORE WORD GETS OUT!!
GORO IS POISED TO REALLY POP!!!
With lots of irons in the fire, and PPS beaten down to ridiculous lows, this company is going to really pop once things start coming together, so I'm accumulating big time at these bargain basement levels.
PATIENCE IS A VIRTUE
WTF IS GOING ON?? PPS SHOULD BE BETWEEN $15-20
And it's up to management to swiftly and expeditiously get this company off the OTC exchange ASAP!!!
NOW THAT PETERSON AND NAHASS ARE ON THE STREET....
....this company is POISED TO REALLY POP ! ! !
Because it's clear for all to see that these two clowns were holding us back, padding their pockets with every painful dilution, but not anymore.
A-C-C-U-M-U-L-A-T-E ! ! !
Then hopefully Derek will start a new trend...LOL
STOCK IS STAGNANT - BRING BACK DEREK!!
Although that may be difficult given that he seems to be enjoying the spoils of his lavish new life in Tahiti while laughing at all of us who made it all happen for him.
But he knows karma will win in the end, so he's trying to enjoy his utopia before it all comes crumbling down. :)
Wait til Dividend Funds catch wind of their 7% Yield!
$10 by year-end is possible once word gets out.
Jason Reid is a rock star CEO who I loved over at GORO, and just adore him now :)
And here's hoping the new GORO can be as successful one day.
WHAT THE HECK HAPPENED AFTER HOURS???
TRTC to $1.00 soon after stimulus checks start hitting accounts. Get in line for the 3-Bagger folks!!
Nice gains since spinoff, and I think this thing easily hits $10 after a couple of fat quarterly earnings reports...stay tuned
Hope Institutions Can Participate, but the OTC makes it tough. Give FRTT a few quarters to prove themselves then it’s To The Moon! ??
Nice. Market Cap = Sales = Buy!!!
Damn wish I could have Bid earlier today - bought at $3.00
If GORO’s Market Cap is $200M, Fortitude S/B approx. $100M because it’s safe to say it was 1/3 of the overall company pre-Spin-off, and if GORO is $3 with 70M Outstanding, Fortitude should be $1.5 x 3.5 = $5.35 PPS with only 20M Outstanding, although I’m sure it will be diluted somewhat. Let’s see.
$1 PPS for Fortitude? No way.
Here's a company expected to have a minimum of $72,000,000 in annual revenues ($1,800 x 40,000 gold oz's) and only 21,000,000 shares outstanding.
What company on planet earth has a market cap of .30 of their annual sales?
GORO's price/sales 1.5, which means 5x x 1.00 = $5.00 PPS by comparison.
We don't know how dilutive this transaction will be, but hopefully they'll not have more than 30MM shares outstanding when it's all said and done.
I'm estimating $3.50 - $4.50 PPS.
Stay tuned.
TRTC IS ON FIRE!! - SEEMS DEREK WAS THE PROBLEM ALL ALONG!! COULD PROFITABILITY BE FAR BEHIND? STAY TUNED!!!!
Don’t forget that $1.00 is actually $3.50 b/c we got only one share for every 3.5 shares in spin-off
With est. $72M in annual Rev, Fortitude S/B worth $150M+
Which translates to approx. $7 per share, given that the company's margins are optimal and they don't dilute the share count too much.
Stay tuned. We outta know soon enough.
Good luck!
I'm pouncing on more Fortitude Shares when it finally trades because both GORO and Fortitude are flying under the radar with gold prices expected to keep soaring in perpetuity.
Thank you, Neverhadawinner. We can only hope that Fortitude doesn’t add too many new shares to the capital structure (fingers crossed)
Please ask him what he expects Fortitude PPS to be I’m thinking between $5-7, depending on how badly they dilute us with additional shares.
All the Fed liquidity has been chasing big tech and Index Funds since Mar, plus nobody likes uncertainty (spinoff), but it's only a matter of time for both GORO and Fortitude to rise from the ashes. Long and strong...and VERY PATIENT.
Hopefully $5-6 on day 1.....whenever that is? ??
Wrong. I’m guessing $3.50 - 4.00 per share or more. Keep in mind we are getting 72% less shares of Fortitude..
TRTC IS PYRITE NOW - SHUDDA BEEN HERE 3 YRS AGO
Fortitude Gold - Hidden Gem....but not for much longer.....fingers crossed.
TRTC will have 1,000,000,000,000 Outstanding Shares by the time it turns a profit
WHEN IS DEREK GOING TO PRISON? For knowingly getting rich on the backs of loyal shareholders?
Thanks!! Much bigger things to come for Fortitude Gold! 10-bagger in two years!!!??
Thanks. So what do think Spin-off price will be?
How can Fortitude not be HUGE unforeseen value with gold headed WELL over $2,000 going forward????
TRTC IS POISED TO POP IN 2021 - ACCUMULATE!!!!
Fortitude Gold is hidden gem Profitability is guaranteed at these mineral prices so this was a superb decision to spin-off.
WTF is Fortitude Ticker?