Electrovaya Inc (ELVA)

[geodan]

Have added 15% in this consolidation period to position. They do not have a full month yet with Raymond OEM deal. Gotta think they are getting orders on them now. So if they report Jan OEM sales am expecting fireworks, willing to wait for that.

On another note have just written an article on a Aussie Gold miner stock you have to buy on ASX (several US brokers like IB and Fidelity can do that). It is Kingsrose Mining KRM.AX and it has 50% more cash than mkt cap. I have taken a large position in it. Here is the article:

Buy Kingsrose Mining Stock For Free And Get Goldmines As A Bonus
Jan. 5, 2021 2:46 AM ET|8 comments |About: Kingsrose Mining Limited
Summary
Kingsrose is an Australian gold miner with operations in Indonesia that ended FY2020 with zero Enterprise Value because it had more cash A$37.5 million(now) than mkt cap A$25 million.

It has an Allen EV/EBITDA of 0.20, trailing revenue of A$70 million, EBITDA over A$32 million and Free Cash Flow of A$17 million.

It owns the Way Linggo and Talang Santo gold/silver mines and a large land package in Sumatra.

The above seems almost to good to be true, but it is. The current situation is that Kingsrose (ASX:KRM.AX the PINKSHEET KGRSY appears defunct) has been running stockpiles through their mill while drilling Way Linggo and Talang Santo for future mine planning. Overall they refer to both as the Way Linggo Project. This helps explain the rather huge free cash flow and cash balance in 2020.

I am quite new to Kingsrose and found it through a value screen based on FCF and Allen EV/EBITDA in which it came out #1 worldwide on https://www.unclestock.com/. If you put in KRM.AX there and it should work for you without being a paying customer. Allen EV/EBITDA is a new version of EV/EBITDA that solves the problems with negative EV or negative EBITDA that confuses the original version.
https://seekingalpha.com/instablog/535947-darp-research/5539491-buy-kingsrose-mining-stock-for-free-and-get-goldmines-bonus