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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.
Dundee Capital Markets"North Arrow (NAR-T, Buy, Speculative Risk): The first half of 2015 will be pivotal for North Arrow. The Qilalugaq bulk sample was successfully collected in 2014 and is currently being processed. Results are expected in late Q1/15 and will be key in establishing kimberlite Q1-4's diamond size distribution and overall value, and to establish whether or not fancy yellow diamonds persist into larger size fractions. High diamond values and/or the persistence of yellow fancies would be the first indications of a potentially economic deposit as Qilalugaq has already demonstrated ample tonnage and is well-location close to tide water. Ideally bulk sample results are expected by PDAC in March. Additionally, we expect to see till sample results and new targets from Pikoo early in the year, which should guide drilling which is expected to start in the first half of 2015." #NAR#diamonds - #Dundee Diamond Sector Outlook - Jan 6, 2015
thOpportunity at all levels in the #canadian#diamonds industry, says #dundee diamond sector update, but it's the explorers' time to shine. They also expect North Arrow's Q1-4 bulk sample result around PDAC in early March 2015, but that may be a tad aggressive. Long #NAR
Oliver“With this drilling, CNL continues to conduct testing required to clarify vein geometry and quantify the grade of individual blocks in order to further de-risk the Buritica resource,” said Joseph Fazzini in a research note put out Tuesday. In it he cites plenty of potential catalysts on the horizon, including an updated resource estimate in mid-2015, receipt of final permits and drilling at the Pinguro and Obispo exploration targets in the first half of the year. Fazzini also notes in the report that soil and rock chip sampling have previously returned high grades at those targets.
Interestingly, Dundee believes that Continental may “skip revising its PEA … and move straight to a feasibility study” depending on the size of its updated measured and indicated resource estimate — that would be a respectable jump ahead for the project. Overall, the firm has given Continental a “buy” rating with “speculative risk” and a C$5 price target — more than double the company’s current share price. #CNL#Dundee
Oliver"..Relative to its peers, UEC is in great shape. It is the cheapest across all metrics, being severely undervalued according the most important metric, the price-to-NAV. At first it may look like Energy Fuels has UEC beaten on that front, but EFR is a conventional producer with its undeveloped resources pushing up a lot of the value. Every pound in the ground is given a small value, but the reality is that it’s hard to put any sort of value on these resources because the majority of them will not be developed. The cash cost per pound for EFR stands at a staggering $41.00 per pound, while UEC is the cheapest in the United States at $19.00..." #Dundee on #UEC
anonymous#Dundee’s David Talbot initiated coverage of Nemaska #Lithium$NMX today with a BUY, High Risk rating and $1.00 price target. Talbot writes a "game changing financial and technical de-risking event" is why investors should consider $NMX now. “MOU for Non-Dilutive Financing -> Unlocks Gov't Commitments -> Completely Finances Demo Plant." Contact your Dundee Capital Markets representative for a copy of the report (21 pages).
@ekimThe turnover as to where money comes form and what houses it comes from is in full flight. Goodbye #salmanpartners Way to shrink #Dundee Hello to Echelon. More of this will happen. not less. That is bringing in capital and growth money into Canada IMO. Sad in some ways..Healthy in others.
@NewtonReport on #marijuana industry out by Daniel Pearlstein at #Dundee today.
- Report highlights multiple positive catalysts coming soon to industry around recreational use, but recognizes caveat of political uncertainty.
- Author urges quality companies in space who can survive potential chaos of legalization, particularly "larger LPs with access to capital, low unit costs, strong revenue growth, expansion capability, and brand recognition."
- Of course the Canadian Government made a major news announcement regarding legalization on April 20, 2016 (4-20?!). It has been game-on since then for shares.
- Report describes expected timeline for Government announcements and implications if recreational use isn't allowed (downside is $4B market dominated by biggest players).
- Industry has grown up quickly with largest company $CGC at 400M EV, second largest $ACB at 290M EV, and smallest on comp table 30M EV. Average size approx. 150M EV. Most have some debt.
- Only a few have earnings or sales for 2016 and multiples (EV/EBITDA) are substantial (100x). Projections for EV/EBITDA in 2021 look like reasonable in comparison at 4x, although report doesn't include estimates of EBITDA in 2021. Some discussion of industry-wide earnings anticipated by 2021 and they are multiples above current levels.
- Dundee has "buy" recommendations on $CGC, $APH, and others.
Contact your Dundee representative for a copy of Mr. Pearlstein's reports.
@NewtonQuestion time! #Dundee analyst asking about next quarter here. Breakeven or profits to start? Answer: no cash cost guidance, sorry. Q4 choppy. Pre-production. Another question about #Timok, how re-assess as capital needs shape up. Cliff response that don't know capex for Timok yet but dividends are priority for company. Another question about lawsuit related to $RMC and 'no comment'.
@rackerDundee's Martin #Mureenbeld thinks the next few months could be trouble for #gold, due to damaged Post-Trump technicals, a surging US dollar, higher interest rates, and a strong equity market.
Medium term Mureenbeld remains a precious metals bull, stating the US Treasury will have no choice but to devalue the dollar to cope with rising debt and international competitiveness. “We remain very bullish,” Mureenbeld wrote in the latest issue of Gold Monitor. “-these are early days yet.”
Mr. Murenbeeld and the Dundee Economics team are leaving Dundee Corp at the end of Nov 2016 “by mutual agreement” according to the newsletter. The team will continue to publish Gold Monitor and Economic Monitor under the new brand of Murenbeeld & Co, starting in 2017.
Go to www.murenbeeld.com to subscribe #gold#newsletters#dundee