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Guys you have to watch the closing price on Spot. Only the closing price
matters.. and silver must close over 19.00 or it's going to test lower.
I picked up some January SLV calls.. not getting into the paper/physical
debate, which is worthless banter at this point.. just telling you technically
(yes, I hate the arrogance of the chartists also), Silver closes over 19.00
support the bullish case, with resistances at 20.50 and 22.00...... watch
these levels... a close under 18.75 would trigger selling to 17.50... so
if you own and are thinking about a flip, I wouldn't say dump immediately
if Spot closes under 19.00 but I would say keep it on a short leash to 18.75
and if that closes under, sell and wait for 17.50's.
Contrarily, if Spot closes over 19.00 in coming sessions then consider adding
more to your silver hoards, mining stocks, or ETF positions.
did you read my first post here ? what do you think of it ?
when is the prospectus ?
are you long ?
tia
thanks. no idea why my post was deleted.
i stand by everything i said in yesterday's post
which outlined my views here. they were not negative,
but say anything less than "i'm expecting a pop to $6
any day now", and you're a "hater" here.
it's also amazing how "green" thinks 10 years is a long
time on the market. i have 25+.
once again, good to see at least one person knows what
he's talking about.
funny, you're more than a little oversensitive to my post,
which i thought was rather even-handed and fair.
moreover, your statement is incorrect. i said it's trading
at 4-5x revenues, not earnings. major difference.
and no, i happen to remember the internet bubble quite well.
i'm no spring chicken. i thought my post was reasonable and
concrete.
well it was 7 when i said 2-3.. now it's 2-3 and I say
1's. there is no real catalyst for the marijuana stocks
until more states allow it. gl
I think it has about what, 20-25 million fully diluted ?
$1 would be about right, and still priced at a premium
there, although it probably deserves some premium.
Given their presence at CA head shops the big mover here
would be CA legalization.
I don't think any shareholders should be getting excited over
funding. This co has about 9 million in negative balance sheet.
the 10K reads like a debt-obligation dilution nightmare. So
more funding ? Unless it's another grant, it won't help much.
It may pay for firing up the cyclotron which they need to do
to make revenues outside of radio-gel, however it's radio-gel
device status FDA that everyone is waiting to hear on. If FDA
doesn't reclassify, it is doubtful that ADMD is capable of
financing trials.
Although there hasn't been much dilution onto the market recently,
the 10K outlines in gory detail how much there will be...
which is why I'm holding off... gl...
conference call transcript - interesting...
PRXI Shareholder Call
April 22, 2014
Script:
http://www.sec.gov/Archives/edgar/data/796764/000117184314001820/exh_991.htm
Hey people. Some of you seem confused about the nature of
this financing deal. I've done some research here and here's
how I see it so far. I checked into buying this when it was LW Capital Pool but as soon as Tweed announced the exchange halted
all trading of that. LW had about 500k in shareholder equity at
the time. Points to make here:
1) A month ago, the deemed value of Tweed including the former Hershey plant and all assets was .89/share Canadian. That was
based on the present financial information at the time which
Tweed brought to the table. So say they had 35 million shares,
the deemed value of the co a month ago was about $30m.
Chuck and Bruce together own about 11 million of those 35m shs.
http://www.newswire.ca/en/story/1330825/tweed-marijuana-inc-early-warning-press-release
2) The bought-deal financing is an underwriting deal where the
two broker-dealers have bought the stock for sale to the Canadian market on the TSX only. These firms are NOT investing in Tweed. They are selling the shares on the open market to raise money for Tweed. About 5.3 million shares will be sold.
Proceeds of $17m will go to Tweed for their corporate purposes.
3) The prospectus including all most-current financial information has not yet been filed on Sedar. The prospectus will be the guide by which market participants are supposed to evaluate the value of the company they are willing to pay.
4) It has only been days since the company announced a CFO.
5) The company has started production and has raised its projected gram production 2014 from 1.5m to 6.0m. There are
of course many costs associated with revamping and re-purposing
the Hershey plant and hiring staff, everything else, etc.
6)At least 12 other Canadian co's have MMJ licenses thus far.
Courts are deliberating personal grow law status, which could
impact Tweed and all MMJ commercial sellers, and of course there
is the underground trade.
7)They can only sell in Canada which has 1/10th the US pop.
After the capital raise, this will have about 40 million shares o/s. So at $3.30 that is a total market capitalization of $132 Million. Yet, its deemed value was only about $30 million. We won't know until we see the prospectus. There is nothing wrong with this, it is very common and in-line with reasonable valuation for a co to price at 4-5x shareholder equity.
Revenues on anywhere from 1.5 to 6 million oz MMJ ? avg is now
8.50-13/oz so take the middle 10.00 x 3 million oz sold in 2014
and it's about $30m in revenues. This could be lower or higher
but likely to be $20m-$50m range. So stock is trading at about 3-5x projected revenues. No idea what net earnings could be, probably not much if any, in the first year, with all expenses.
Still, that is to be expected for the first year. Ok some positives - very professional management. Tops. Young but experienced, very clean and well-impressioned - top notch advertizing and brand building. Just look at their short films. Everything seems so up-and-up here. Their facilities are across the street from the police department. Their lead grower was in charge of cultivation for the state of Maine's MMJ unit.
Lots to like, but still priced about right.
Keep in mind that in order for this stock to double from here it's market cap would expand to 260 million and the metrics would start getting out of line. I'm not saying that wouldn't be justified next year but if it did so this year it's getting ahead of itself. Why ? because it's Canada not the US and other companies are doing this, and there are still millions using illegal or legal self-grown "medical" marijuana.
my reading of the ceramics acquisition terms
and also the recently announced clearing off
of old warrants agreement, both in filings,
suggests that $2-$3 is on the way. Whether
it can hold that and for how long will depend
upon company performance, investor appetite for
marijuana stocks, etc.
energy is very hot, it's difficult to find nascent opportunities for price spikes that haven't already been played out. MNP
is not a stagnant co.
http://finance.yahoo.com/news/mnp-petroleum-presents-shareholder-tajikistan-124000152.html
still worth radar, but wait for triple zips or post R/S.
nothing is free. six of one, half dozen of another.
NBRI shares worth less after Ruby spinoff. The spinoff
seems like a scheme to create two equities so that
the debts of the company may be a shared burden.
nice green hammer on a massive 2,500 share volume.
still - on radar...
There is a lot of money to be made here but
the problem is it's probably not going to be made until
18-24 months from now.
This is a real sleeper pick. The extraordinary
Pierre Lassonde is still backing it.
gotta do some research here.
back on radar.
cheap gas on radar - can't believe this thing is still around..
i found a little snippet about how they don't own the patents
just the rights which they paid the scientist for, and if they
are unsuccessful, the scientist can turn elsewhere.
still watching it. seems to be bleeding shares.
this is now Mangazeya Mining.
still WHTGF
keeping an eye on this but it's going to be slow.
Watching BODY, WTSL, and DLIA closely.
Dallas R Evans, let's see what you can do
http://www.morgan.edu/board_of_regents/members_of_the_board/dallas_evans.html
Everything is still very promising. But the only way is financing or acquisition. They are probably waiting to hear from FDA about re-classification to Class II instead of Class III. Class II is faster approval, may or may not require human trial, Class III is intense costly human trial (they could partner for it or pay via shelf offering after a big reverse split). The tech is proven and human trials are already accomplished successfully forradioactive seeds but they need trial for THIS particular device which is the best ever to be introduced, still it must be done
Either way they need money and if no new grants are forthcoming it's going to be via share toxic financing. Reverse Split is going to be needed whether that's before or after issuances is up to them. Probably is better to get it over with now and increase the O/S to 1-2 Billion, clear up most of the obligations (which will drive this to sub-penny), then R/S it by 1 for 200/300/500 .. Alternatively they could R/S now then do the issuances. I think it's better to get as much as possible done while still a penny stock so that the price decline is less visible. In other words it is better to see the stock fall from .03 to .003 (when very few people are paying attention) then R/S up to 5 or 10 dollars than to R/S up now and crush the stock after that (when people ARE watching). Look at the 10K it provides excellent detail on all their obligations and condition.
There is more than just bio-gel yttrium90 here, the cyclotron must be repaired so they can manufacture more isotopes and there is also that possible acquisition of the German co. This is a critical company to the welfare of people suffering from cancer, and it WORKS, the potential is 1000 bagger - AFTER they clean up this share liability mess and take care of funding the #$%$ solid footing for another cpl years.
it might have some good bounces once it's in
the single pennies.
keeping an eye on this.
I should have held this one.
Outlook seems to be improving here. Very heavy call buying
yesterday on all strikes well above current price.
Stay tuned for the ER 2/26 and CC 2/27.
Not unreasonable to believe lower capex and increasing
projections for 2014 could sent this on a strong lasting
uptrend.
http://www.bing.com/search?q=floyd%20wilson%20halcon&form=MXB003&pc=MXBR
Hold this all year long. Time to buy.
Going from a 85k oz producer to a 225k oz producer.
Strong balance sheet and only light losses in 2013
will post some big earnings surprises.
Just the beginning today's close 57 cents.
Energy Fuels Submits Listing Application to Leading U.S.-Based Stock Exchange and Provides Development Update
http://finance.yahoo.com/news/energy-fuels-submits-listing-application-052243270.html
(p.s. I am still bullish on select uranium co's and this is
probably the best, along with CCJ, URZ, UEXCF, DNN, UEC,
URRE, MGAFF)
despite the catastrophe of Fukushima, sad what's happened,
cannot overstate it. Nov 8th see how the TEPCO does with
removing some fuel rods. Despite all this, Great Britain has
plans to build a new plant, and there are plans announced
to build multiple new plants in Vietnam.
Can't say I agree with expansion of nuclear power but with the Megatons to Megawatts program ending, North American uranium producers are well-poised.
p.s.s. there is a documentary called Pandora's Box coming up
on CNN - might want to DVR it.
firming up.
stick around here. Guggenheim, FBR Capital Markets, and Compass Point all have new targets ranging $7 to $8 (two at $8),
issued in October, well after the bad news was released.
Also, company has JP Morgan working on "strategic alternatives"
buyout possibilities.
Peter Epstein, CFA talks EFRFF.
http://seekingalpha.com/instablog/959816-peter-epstein/1868961-energy-fuels-2nd-largest-u-s-uranium-producer-poised-to-move?source=kizur
acquired by EFRFF in August:
http://www.strathmoreminerals.com/new/Home.asp
Also owns Copper King mine
RedChip tv featurette on Energy Fuels
aired on Fox Business
go to Sedar, all the agreements and info are there.
this is not a typical penny stock. they have millions
in cash and yes they need some now but this is bottom
floor. the price was .16 shares. warrants exercise same price but not your typical 1-1 additional, only 5% more than
shares in warrants, negligible. Even if the over-allotment
is taken in full the o/s will be 981 million. This share
sale is only around 37 million with the over-allotment.
You of course realize they own the only traditional uranium mill in the US and have revenues and more than a handful of mines.
They have capacity not only to process but to immediately produce up to 4-5x more uranium for sale at the drop of a hat any time prices rise. Their market cap at this price is about $130 million US dollars. How many penny stocks do you know of which sport a $130 million market capitalization ?
That market cap is big enough to have them easily uplist.
They have made profit. When they post loss which is understandable given the depressed Ux prices of recent years,
they are still small. Earnings could skyrocket if Ux prices rise in 2014. This not mere speculation. Do some reading about whats happenning in the Ux sector.
If they do a 1/50 they will have about 19 million shares. There is a 90-day lockup from deal date which was only a few weeks ago in which they cannot issue more stock. The stock will be around $5-10 per share after the r/s. The small float would make the stock receptive to a major move upwards and possible uplisting.
Four analysts follow Energy Fuels with targets ranging from .19 to .28. The stock is currently depressed temporarily as Dundee sells the offering as underwriters. Better to get the offering over with now then r/s than do it later.
http://seekingalpha.com/article/1738652-uranium-miners-analyst-watch-october-edition
that's fine with me. must be why there is
selling taking place at blown-out lows.
the stock should be a lot tighter after
1/50 rs. I don't see any debt on their balance
sheet and they just raised $5 million dollars
at a price of .16/share with no warrants.
Whomever bought $5 million worth must have
no problem with the r/s either. I plan on
holding for months.. lots of catalysts upcoming.
Heck, even if it only rises from here to the
Sept 24th placement price, I'll be up 18-20%.
Dundee Securities also has an option to buy
15% more.
http://finance.yahoo.com/q?s=efr.to
Time to "go green" with uranium.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92909996
Now is the time to buy the uranium miner(s)
of your choice. Here's some reading.
Completion of Megatons-to-Megawatts program,
which fed a large part of US uranium supply since
1993 (ending in December, shortfall will have to be
picked up by producers)
http://www.pennenergy.com/articles/pennenergy/2013/09/nuclear-power-megatons-to-megawatts-program-to-conclude.html
Uranium prices are rebounding
http://www.energyandcapital.com/articles/uranium-prices-are-rebounding/3905
Areva urges customers to buy uranium as price rebounds
http://www.bloomberg.com/news/2013-10-06/areva-urges-clients-to-buy-uranium-as-price-rebounds.html
Ux (futures) Prices
http://www.uxc.com/review/uxc_Prices.aspx
Uranium Miners Analyst Watch: October Edition
http://seekingalpha.com/article/1738652-uranium-miners-analyst-watch-october-edition
(EFRFF, UEXCF, URZ, DNN, URG, CCJ, UEC, etc)
Very nice move... just saw your message in my box
on this.. checked the chart. impressive.