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Chev - legend, thanks a lot. Cool to have you posting really...

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raskolnikov

1,020 Posts.

21/08/16

22:47

Post #: 18570674
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Originally posted by Chev88 ↑

Hey Ras,
Been meaning to share my thoughts regarding a number of codes you've mentioned this week.

*EQX -- My interpretation is a bit biased as I hope it holds around 35c as I'm not currently holding but will if funds appear. Ian Middlemas has only owned his shares as far as I know for a couple of months so unless he bought into EQX with a clear vend in mind then it will be months till there is a deal. With around $40m in cash whatever they are going to buy will be substantial and obviously would be very time consuming with d.d. WCP is another Ian Middlemas shell albeit a tiny one in comparison. It has spiked and retreated numerous times so may give some hint to how EQX may behave. Although AON is a fresh I.M shell and it doesn't seem to be retreating at all. I'd say EQX will give out some good trades short term but I don't think you'll want to be out when the acquisition is announced. Gold or Uranium would be my guess. Uranium may seem like a dumb idea but BOE got a bargain because the sector is in the dog house and I.M. has had previous success with BKY.

*GGG -- You asked about valuing a company with massive Capex costs. The only experience I've had with that is TNG, Vandium-Titanium-Iron in N.T. It has a DFS with Capex around $1b. In about 12 months since releasing its DFS its dropped about 50% in price meanwhile it signs off takes, has formed strategic partnerships with mining tech co's and really is de-risking its DFS in different ways every other month and still no love. I think GGG has too much going on for a small co. A positive example I've seen is MLM. It originally was going to develop its SCONI project but realised although valuable it was far too expensive for a small co to fund. It has now sold off some non-core assets and has focused in on Bauxite where the Capex is manageable and the fundamentals support it. Even still it is unloved at the moment but can't see that lasting for long. I'd say for GGG trade the trade for now. Your TA signals may be picking up further mining approvals from the Greenland government or perhaps potential MOU's in the works.

*EPM -- I hadn't heard of EPM which is embarrassing as I've been compiling a Uranium list so thanks for the heads up. I'm very interested to see which multi-national company is their new JVP for their Liverpool project. They are selling the idea of that prospect as a nearology play to ERA/ RIO’s Ranger mine with the same unconformity geology. From what I’ve learnt unconformity deposits have the highest u308% such as the Athabasca basin in Canada. So defs one to watch. Should tip it mate if that’s your thing.

*CLQ -- Looks like a goer mate. Third attempt around the 50c mark and with progressing fundamentals I’d think this time it will do it. Had hints at soon to be announced deals in the annual report which will help any roll on. Has the benefit of two stories running concurrently with Scandium and Water being hot new sectors. You should check the XMD thread out, last page I think. Orwell charted it. That dude is a magician.

Must be a bull market cause even an idiot like me can see opportunities everywhere. Wish I had some more cash. Does anyone know what the market price for a kidney is? You only need one, right?

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Chev - legend, thanks a lot. Cool to have you posting really appreciate the time. On the road right now but have saved your post

I hold MLM too lol
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