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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@NewtonDo "Casey's 9 P's" apply outside of junior mining exploration? I gather that projects, people, and politics are the three most important ones and I can see how those are key for small businesses in other areas. First impression from $NLH last week was that people are good, projects make sense (start rural), and they are on right side of politics (private pay), but much more to dig into there.
@NewtonWill admit I am a bit hesitant with rumblings of bad deals I have heard of in health care space on Venture. Problems with promotion over perspiration and basic strategy. Don't know details but has been enough to keep me away. Starting to change as I learn about Chris and Nova Leap, fwiw.
@NewtonCheers @john_hornby, I was careful to note that for myself when he mentioned it in our call. I would be curious to know more about players in #canola market. How many canola crushers are there that process less than 500,000 tonnes per year, or over 1M, etc.
@NewtonStill interesting to consider how many new farmers/tonnage could be acquired by $INP. Suppose typical marketing stream is $50,000 and they deploy $10M total into those streams -- that is 200 new farmers. Substantial number that could double current number of farmers. Also curious about tonnage associated with these marketing streams. Brad mentioned the numbers for capital streams in our interview @Newton/an-inflection-point-at-input-capital "We have come down from streaming 25 bushels per acre to 10, which limits deals to around $100/acre farmed. If you have 3,000 acres, then you may be able to get a $300,000 stream if you pass through our filter" but I don't recall hearing the numbers for marketing contracts. Will prove to be a puzzle for analysts trying to get ahead of financial results pending, but broader points seem clear -- business strategy is working.
@NewtonOne of my first impressions from #Haywood report out today is how low equity financings in 2017 are versus 2016 & 2015. Still early days, but end of March is ~$10M cumulative, whereas last couple years are more like $20M. Striking graphic in the report on the topic. I had a sense that financings were lower from #Oreninc publications, but didn't realize it was that much lower! #index
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@NewtonAlso very interesting to read about $AU in #Haywood report after interview with Mickey Fulp on $MAW recently. Aurion is prospect generator in Finland "Central Lapland Greenstone Belt". Like Abitibi, but without extensive development they say. Database with lots of rock assays and base of till samples over 350,000 hectares owned 100%. That is equivalent to 3,500 KM Sq. by my math, which is mind-boggling. Largest holding package I have heard of. Miles Thompson is an advisor. $12M cash, last financing at $1.57 for $8.7M, trading at $1.70 as of report. Market cap $105M. Report doesn't mention what sent shares from ~$0.50 to $1.80 in Feb 2017, but digging back through CEO.CA chat logs shows it was news of bonanza grade grab samples: @marketwired/aurion-discovers-new-bonanza-gold-zone-at-risti shoutout @LucTenHave for being in right place at right time there. Particularly this post: https://ceo.ca/au?4f30dd8ff3db looks like a bit of a rush there! #index
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@Newton#Haywood report also covers $RUP, another #Finland story with $AU and $MAW. FTR $AEM has operating mine called Kittila there, 200K oz #gold annually with cash costs ~$700, 4.5M ounces reserves. Area is in play. $RUP is new to me -- rebooting old mine. Haywood report notes team led $KGI from 300K oz resource to 1.5M reserves and 150K oz production pa. Notes Rupert bought Finland property for $2.5M and aiming for 35K oz production in H2/17. That would be nice spin-up. Sounds like similar geology to others in area with gold in "fold limbs". Also interesting to note started as open pit but went underground in 2004 to help with permitting. ~$1M exploration work plus some amount on development, which I don't see. Non-brokered PP for $11M back in October with 15M shares at $0.65, currently trading ~$1.30. Market cap ~$125M with $10M cash. 125KM Sq. land package. #index
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@NewtonGreat to pick up some info on $RUP and $AU from #Haywood Junior Exploration Q1/17 Report. Lots of info on a single page there. Good combination of straight facts with a bit of colour. I was impressed by $AU and $RUP -- both are cashed up and have highly successful people involved. Makes me all the more interested in #gold in #Finland.
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@NewtonShoutout to $VTT in the #Haywood report, too. Mentions reinterpretation of Pegmont from "single lensed, lead-dominant" to "multi-lens, lead-zinc". Mentions recent metallurgical work that confirms separate concentrates. Also mentions drilling since 2014 focused on underground target at Zone 5 and open-pit target at Burke Hinge Zone -- great combination there. Work program includes new resource estimate to update 2014 estimate. My sense is that quiet times can be the most exciting : )
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@NewtonThe #Haywood report includes $ANTL, Antler Gold in #Newfoundland! Optioned property from $ALS. Look at the terms "100% interest for 4.5M shares, 2% royalty, and $500K exploration expenditures in one year." Wow. I listened in to $ALS conference call a while back and they noted they were going to get aggressive with optioning out their projects. This looks like great example of that. Antler cashed up with $3.5M as of Feb 28. Last financing $1.65M from 6.6M shares at A$0.25. Market cap $17M. Note Altius has done prospecting in 2016 and Antler planning more prospecting in spring with core drilling in fall. One for #drillplays right around the corner!
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@Onlyflaws@Newton Best thing about quiet times is that it keeps the discussion relevant and trolls at bay.
@Newton"Immediately before the XLVO Transaction, XLVO owned 13,636,074 common shares of Input, representing approximately 16.7% of the outstanding common shares. Immediately after the XLVO Transaction, XLVO owns 9,386,074 common shares of Input, representing approximately 11.5% of the outstanding common shares." and "XLVO is a limited liability company organized under the laws of Bermuda that operates as an investment holding company. XLVO is an affiliate of each of Catlin Underwriting Agencies Limited and Catlin Re Switzerland Ltd., which originally purchased its common shares of the Corporation pursuant to an agreement with Input in 2013" Catlin has been involved since day one, not gone completely but reducing ownership stake and founders are picking up slack.
@NewtonThanks @ad.s I'm with you! Appreciate the comments.
I would point out that it was not just one C level exec who participated, but both of them. Doug Emsley and Brad Farquhar are CEO/CFO -- they both bought from Catlin here. I would also point out that Gord Nystuen bought as well. He may not count as C-level exec because he is VP Market Development, but he is a co-founder and very important to the business. In other words, all three co-founders participated in this buying. I'm impressed.
@Newton@john_hornby RE the next 6 months https://ceo.ca/inp?56f23c8d2e93 ... we will see. Brad said something along the same lines in our interview after the quarterly update @newton/an-inflection-point-at-input-capital " may prove to be more capacity for these capital-light deals to be completed in the middle of the growing season because that is when farmers are thinking about selling the crop that is growing."
But in our first interview, he also mentioned that the timing for closing deals can be a bit fuzzy " In a sense, this quarter is what I call our 'seeding season'. We don’t often harvest the work we're doing now until January, February, March and sometimes into April or May." @Newton/7800-words-with-brad-farquhar-input-capital-inp An example of that is the large stream that was announced last quarter, but closed this quarter. Things continue to evolve, but management shown ability to adapt. A fluid situation like that can be concerning, but I think @ad.s point that Brad Farquhar, CFO "has yet to say one thing that did not materialize or fail to be innovative and develop the business to the benefits of all constituents" shows that they have things under control. Onwards and upwards : )
@NewtonIt is important to keep reappraising a company's progress towards goals, but I would point out that we probably both said "time will tell" a year ago @john_hornby. Since then, the fundamentals of business have leveled-up but the share price is down. Fair to say that the current situation should attract some attention from the ravenous daytraders who hang around these parts.
@NewtonMy favourite bit from $AAN news today: "the presence of visible gold in strongly hydrothermally altered intrusive rocks makes Bohlog an exciting target that warrants further exploration work. The mineralization at Bohlog and Massaghat to the northeast, where Aton have previously returned channel samples assaying up to 470g/t Au (see news release dated August 15, 2012), appears to be of a similar nature and this is very exciting in terms of the potential overall size of the target area. It also demonstrates the large and varied geology within the Abu Marawat Concession and the potential it offers for new significant discoveries.”"
@NewtonTo be honest, I was somewhat surprised to see daytraders giving attention to $MDL recently. Makes sense after volume and price spikes over last month-ish, but still surprised. I was happy enough to hear people talking about price doubling overnight, but concerned that they would be disappointed. I would point out Ben Kramer-Miller and Caesars Report published reports back to 2015 and things are still moving in the direction laid out at that time. Takes time to build this business and I think @jerrio78 has reasonable approach to the situation.
@CriticalInvestor@Newton Took a while, but here is the answer from Glenn: "After we closed the bought deal financing from Cantor Fitzgerald last summer we decided to begin drilling the El Tigre portion of the deposit right away and use that drilling data with the legacy data to expand the pending resource estimate as the person posing the question surmised."
@NewtonLooks like good news here. Acquisition of "private duty home health care agency offering both skilled nursing and non-medical services for families in Rhode Island." Basically what management have said they were going to do.
@NewtonBusiness strategy sufficiently complicated that I want to learn more to wrap my head around it more. Macro drivers with demographics and fragmented market are nice, but devil is in the details. For what it's worth, details in release today are sparse but price of $1M on $2M of revenue seems decent. Curious about valuations there, too.
@NewtonGreat, thanks @NovaLeap. For the record, I believe that is $NLH CEO Chris Dobbin behind the account. He is one of a few reputable executives who use these webforums to chat with people about their company. I would encourage whoever posts on here to be respectful and make the most of the access to Chris.
@NewtonA couple questions for you @NovaLeap. 1, will we get any additional info on acquisition beyond revenue? I wonder about typical financial ratios for this part of the health care industry. 2, any additional colour on Chris's background with private markets and how it ties in to running $NLH? Thanks! Regards.
@NewtonOtto wrote "The First Law writ large, they can't develop the mine because they don't have the permits." $GAL but it's not clear to me that it's a permitting issue. My reading is that the police must supervise transportation of explosives for blasting, but they can only spare 2 hours per day to do it & that is not enough time to move sufficient amount of explosives. The company cannot get permits to move explosives, they require police to supervise. Otto's description sounds nice but not quite accurate. Strange development, though.
"The PSNI requires that it supervises transportation and use of certain rock breaking materials and explosives at the Omagh Gold Mine. This is due to the potential terrorist use of those materials and is a requirement of PSNI specific to Northern Ireland. ... The Company has been told that, due to PSNI resource constraints and competing priorities, PSNI is currently only prepared to provide anti-terrorism cover for a maximum of a 2 hour period, 2 days per week. It will also require a cost recovery agreement. Two, 2 hour periods per week is insufficient to sustain the development or operation of the Omagh Gold Mine."
@Newton"The Company whole-heartedly supports PSNI and its officers in its laudable objective of maintaining peace, law and order in Northern Ireland in difficult circumstances. However, the Company believes it is improper of PSNI to act in a discriminatory manner against a lawful business. The Company has been given no alternative other than to pursue its legal options, which may include seeking substantial compensation for the costs of delays." @marketwired/development-of-omagh-gold-mine-on-hold
@NewtonYou're in Finland @Onlyflaws? Winter was a bit slow to arrive, so good to hear that lasting a bit longer for them. Important window for them to drill inside area with environmental restrictions.
@Newton$R was at #MIF back in January and they had printout of report on site visit from both Gwen and Otto. Interesting to compare the two of them, fwiw. Both were positive, as was my impression from person I talked to from company.