jimrockfordfromSH
9年前
September 25, 2015
DVN, ZMS, HMK, MMJ, EQT, CRS, PUF, UMB, CMB, NPH, KBB
(They are listed in no particular order)
As always, I make no bones about it - I am biased, as I have a horse in every race – i.e. I own in stock in every company I write about here…
Below is some of the DD I thought you might find interesting that I have come across. I’d appreciate being inboxed any ideas you have or great info you’ve come across….And if you have any questions, lemme know…
As always, these are my thoughts…And be sure to do your own DD…
Jim
@jimrockfordatSH
Discovery Ventures (DVN on the TSXV)
http://www.discoveryventuresinc.com/s/Home.asp
A great video on the WillaMax Project:
http://geocomp.ca/willa/
DVN fundamentals are on fire:
- DVN were financed this summer to the tune of $7 milllion. The new C.E.O. & Chairman put $7 million of his own dollars into the company as credit facilities.
- On Sept 16, they were released from an agreement whereby they would have had to pay an entity just over $3 million and issue 7 million shares. "This is a big step forward for our company," said Dan Omeniuk. "The funds that we would have used to pay Numberco are anticipated to be used towards advancing the WillaMAX Project and finalizing the 100% acquisition of 42 Metals Inc."
- On Sept 17, they announced an amended agreement to a 100% interest in the Willa Property for $130k and a 2.5% NSR “(Discovery agreed to pay the Optionors an advance royalty payment, which will be credited against the NSR, of $144,000 each year until Discovery commences commercial production on the Willa property. If Discovery fails to commence commercial production by September 2020 or defaults for three months on the advance royalty payments, Discovery must transfer the Willa property back to the Optionors).”
Read all the DVN NRs – these guys are firing on all cylinders:
http://www.discoveryventuresinc.com/s/news.asp?DateRange=2015/01/01...2015/12/31
A great post from Urbani:
“RE:RE:RE:RE:SeeThruEquity Has a Target Price of $0.78
Seethruequity put a target on DVN for .78 cents, once they got the mine and mill configured. That was almost a year ago. Just what the CAN loonie has gone down vs the U.S. Green back. Those metrics used certainly hold for sure since everything is done in CAN Bucks. Almost $1,500 CAN per ounce.
Nice to see DVN getting going. High grade and close Mill to process.
Been waiting a while, but I do believe they have finally done it.
Ready to get processing soon. Cash cow. Very nice indeed.
Probably more write ups on this B.C. gem to come out one could guess.
Way to go management. “
SeeThruEquity Initiated Coverage of DVN on Nov 3, 2014 and their CEO put a 78 cent target price on it!
“DVN is a Canada-based exploration and development stage company focused on the WillaMAX project located in British Columbia and prospective for gold, copper and silver. In May 2014, the company released WillaMAX Preliminary Economic Assessment (PEA) study, which showed low capex and robust economics.”
Investment Highlights they noted:
“Flagship Willa asset lies within highly mineralized regions
Discovery's flagship Willa property hosts well-defined gold, copper and silver deposit and is located in one of the most highly mineralized regions for base and precious metals in southeastern British Columbia. The deposit is un-mined, fully developed and "open" with several other highly-prospective areas untested. The 43-101 mineral resource estimate published in 2012 identifies Measured and Indicated mineral resources of 758,000 tonnes grading 6.67 g gold/t, 0.85% copper and 12.54 g silver/t and inferred resources of 216,177 tonnes grading 6.55 g gold/t, 0.57% Cu and 7.32 g silver/t.
WillaMAX PEA indicates robust economics
In June 2014, DVN announced the results of a PEA for the WillaMAX project, which combines the favorable underground mining opportunity at the Willa copper-gold resource with milling facilities at the MAX Mine. Close proximity (~135 km apart), sizable tax pools ($50mn) and low capex ($13mn including acquisition of MAX Mill) provides a significant return on investment on the WillaMAX project. The PEA mine plan assumes a daily throughput of 500 tonnes translating into an initial four-year mine life. Based on the Base Case of $125/t value cut-off, total revenue is estimated at $164mn while operating and capital costs are estimated at $83mn and $12.8mn, translating into $680/ Au Eq oz cash costs and all-in-costs of $780/ Au Eq oz. NPV for the base case is estimated at $54.9mn @10% discount rate with Internal Rate of Return (IRR) of 412%. Given the current depressed gold prices, we believe there is significant market interest for low-cost gold projects such as WillaMAX.”
A great Junior Gold Report from June 10 on DVN, 2015, titled: Alert: New Financial Strength Gives DVN’s WillaMax Project A Powerful Lift
http://juniorgoldreport.com/wp-content/uploads/2015/09/Discovery-Ventures-Report-June-2015.pdf
Things to consider:
- Discovery only trades at a $12.4 million market cap (as of last night), meaning its 77.6 million shares out are priced at 16 cents per share.
- These guys went to 45 cents a year ago on no financing! Look at the financing and all the progress since then!
- Once they are making gold, DVN has a $50 mil tax credit.
- Add to the above: They are producing in Canadian dollars and selling in Yankee greenbacks.
- The Willa Mine has had $18 million spent on it.
- The Max Mine and Mill has had $120 mill; spent on it – right up to 2012.
A Comparable”
- Klondex Mines paid a subsidiary of Newmont about $110 million (all in) for a 700 ton per day mill mine plus mine
- DVN has paid roughly $3.5 million for their 1500 ton a day mill…And experts I have talked to call it the “Cadillac of BC Mines.”
The Bottom Line:
IMHO, DVN is on its way to having a fully developed mine for peanuts in the Willa Mine – with the MAX Mill. With all in place, the permits and the $7 million credit facility, the metrics make DVN a huge success…I see a much greater market cap in their future.
Zecotek (ZMS on the TSXV)
zecotek.com
“Zecotek Photonics excels at bringing innovative laser, imaging, and 3D display products to industrial, scientific and medical markets worldwide.”
I originally bought ZMS in the low 30’s in December of 2014 and rode it close to the 2015 high of 54 cents less than a month later. I sold most of it then, as I thought it might take a while for either of the two huge catalysts on the horizon to make their appearance. These are:
1. A massive multi-hundred million dollar order from the CERN atom smasher in Europe.
2. A massive multi-hundred million dollar order from Philips.
I have now been buying in the early 40’s, as I feel that either of the above are close enough at hand. I also think they will succeed in smaller endeavours.
Zacks Research Report Update:
ZMS.V: Lawsuit Resolution Opens Up Inflection Opportunity in 2015
02/10/2015
By Brian Marckx, CFA
http://scr.zacks.com/News/Press-Releases/Press-Release-Details/2015/ZMSV-Lawsuit-Resolution-Opens-Up-Inflection-Opportunity-in-2015/default.aspx
The Philips lawsuit resolution would have been great for ZMS already, IMHO, had not the Philips Pet plant in Cleveland not run afoul of the FDA…As such, much of 2014 and 2014 has seen Philips getting their house in order – thus no orders for ZMS….yet…
A great article: A bridge to the future
The Economist.pdf
From the Economist Technology Quarterly, Sept 5, 2015
3D Printing: A Bridge to the Future: Civil engineering: 3D printing technologies are being adapted for use by the construction industry to create buildings and other structures
http://www.economist.com/news/technology-quarterly/21662647-civil-engineering-3d-printing-technologies-are-being-adapted-use
Go over the Zecotek NRs. They show these guys are building a formidable company.
http://www.zecotek.com/EN/426/
Zecotek develops new LFS crystal manufacturing process
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aZMS-2309999&symbol=ZMS®ion=C
- This is a huge NR, as the processes they are developing are proprietary.
- Big companies want automation – not humans doing stuff.
- The ZMS methodology is now cheaper and faster, with less margin for error.
Selective Asset Management President Robert McWhirter, “in an August 21, 2015 interview, explains why his outlook for commodities is a gloomy one and yet sees some hope for technology and financial services stocks this year. He also provides an update on some of his past picks, including a small Canadian tech company he believes will receive a large order this year, mentions a new name he’s keen on, and describes why a subsidiary sale could still mean big upside for one stock in particular.”
http://www.smallcappower.com/investing-123/videos/significant-upside-seen-for-this-small-tech-10-09-2015
Very important news on the CERN contract front:
NR Sept 17th: University of California Successfully Tests Zecotek’s LFS Scintillation Crystals for High Resolution Positron Emission Tomography Scanning
http://www.stockhouse.com/news/press-releases/2015/09/17/university-of-california-successfully-tests-zecotek-s-lfs-scintillation
Dr. Simon R. Cherry, Distinguished Professor, Department of Biomedical Engineering, University of California, Davis – if this guy likes it, your product is golden: "Professor Cherry, a world leader in molecular and genomic imaging, joins the many international groups and PET manufacturers in their endorsement that Zecotek's patented LFS scintillation crystals have superior qualities for new high performance PET scanners," said Dr. A.F. Zerrouk, Chairman, President, and CEO of Zecotek Photonics Inc.”
Zecotek to provide thin LFS plates for CERN experiment
2015-09-24 09:15 ET - News Release
Dr. A.F. Zerrouk reports
CERN'S COMPACT MUON SOLENOID GROUP AT THE UNIVERSITY OF VIRGINIAA ORDERS ZECOTEK'S THIN LFS CRYSTAL PLATES
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aZMS-2313154&symbol=ZMS®ion=C
CERN needs photo detectors and crystals to the tune of $250 million of updating on equipment ($70 million alone this year) – over the next four years.
This is the fourth order ZMS have got for testing – NOBODY ELSE HAS RECEIVED ANY ORDERS!
Zarata’s Sept 9 ZMS post, titled, “READY TO RAMP SIGNIFICANTLY” says it all:
“Look at all the latest news releases related to the LFS crystals:
1.Settlement of lawsuit with Philips
2.ramping up production capabilities at BOET
3.Certification by CERN that ZMS lfs crystal are the best for time of flight PET machines.
4.automated process for the LFS crystal
Guess what, these guys are about to explode upward.
I presume that there will be some significant news coming out very very soon that puts this company in a leadership position in the commercial crystal market.
No one is expecting a huge contract so this baby is going to cook when they nail the big one.
Get in now and keep buying as I have been.
There’s all the other catalysts
3D display
3d printing
CERN orders for lfs crystals that have been delayed but will come
And then there’s the photo detectors which is huge and will come soon.
hold on”
The Bottom Line:
Zecotek is a very solid and classy company. IMHO, they are close to huge orders…I am a big fan…
Highmark Marketing (HMK on the TSXV)
These guys, smartly, have got themselves out of the stagnant Canadian pot industry and have developed an excellent blueprint for success – one anchored in cash flow (along with blue sky) – and one with a ton of ‘blue sky.’
OK…The cash flow business:
2015-09-03 09:05 ET - News Release
HIGHMARK ENTERS INTO NON-BINDING LETTER OF INTENT FOR THE ACQUISITION OF LIGHTNING INDUSTRIES
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aHMK-2309289&symbol=HMK®ion=C
From the NR:
“Lightning was incorporated in 2002 for the purpose of manufacturing specialty products to enhance efficiency and increases the production of oil and gas wells. Since then, the company has become a regional leader, not only in oil field products, but also in custom fabrication for other industries, including uranium processing plants. Lightning's management team has over 28 years of experience in gas well surface equipment, pneumatics and electronic safety shutdown systems. The company understands the need for dependability, cost-efficiency and quality control. Through constant upgrades in state-of-the-art technology, the company stands ready to meet or exceed the advanced technical requirements for a wide range of industries.”
- Lightning Ind. makes a suite of products that helps existing wells do better – i.e. soap dispenser for the oil industry
- They have Customers like Chevron, smaller players, etc.
I take these two figures to get to what they should be at in terms of revenue:
From the NR:
The agreement to acquire Lightning contains the following key terms:
• Highmark will issue 40 million common shares to Domenari for the acquisition of Lightning;
• Highmark will issue a bonus of two million common shares to Domenari if Lightning records $3-million in revenues in a single calendar year;
• Highmark will issue a second bonus two million common shares to Domenari if Lightning records $6-million in revenues in a single calendar year;
I do have an idea of past revenue – but as it’s not audited, I won’t put it down here…Suffice to say, it’s good – and the margins are great. My guesstimate is over 40% of gross.
I am of the firm belief that Lightning Industries can grow very rapidly with smart HMK cash injections.
Take a look at the Lightning Industries website:
http://lightningind.com/
The ‘blue sky’:
Highmark's potential JV partner secures water supply
2015-09-15
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:HMK-2311299&symbol=HMK®ion=C
“Highmark Marketing Inc. is providing further information regarding the business of its pending joint venture with Donald Rainwater (see press release dated Aug. 12, 2015). The joint venture will target acquiring, marketing and facilitating the use of water rights within the Jiminez district of Mexico for use by energy companies in the exploitation of oil and gas in the region.”
I really like the idea of service industries in general. And I like the water cycle service industry, as it can be very big money.
In a nutshell:
- A million gallons a day at 3 cents per day means $30k per day and close to $1 mil a month.
- Companies can make 10 cents storing it and 6 cents cleaning it.
- It costs $1-to-3 million dollars in water cycle per frakked well in that part of the world – using comparables to the Eagle Ford Shale Formation.
More on the above:
- I’m told that HMK’s guy has strong political pull in the area, which should help access to provide services,
- A lot of water is needed – i.e. Perhaps as many as 6500 area wells
- This ties in very well with Lightning Industries.
- March 2016 is when the blocks are being pushed out. The idea is that they would start lining up contracts before that.
The Bottom Line
This looks like a very da-n solid relaunch for HMK, IMHO. With a 4 ½ cent bid and a market cap of only $3.2 million, I see great things ahead.
Matica Enterprises (MMJ on the CSE)
What a fantastic NR this past Wednesday! Matica acquired 51% of a company that uses Tesla powerpacks for their electric boats…Awesome!
Matica Signs LOI With Quebec Electric Boat Maker:
http://www.stockhouse.com/news/press-releases/2015/09/23/matica-signs-loi-with-quebec-electric-boat-maker
Already the SP has jumped very da-n nicely on heavy volume!
Electricboats.ca
http://electricboats.ca/
A few points:
- The company has been around since 1995.
- This is a relaunch.
- These guys are now ready for mass production.
- The current group bought the company around a year ago – the moulds, etc.
- They took original nice boats and replaced the gas engine with an electronic engine.
- Proprietary to the company: An electric motor drives wheels – the battery supplies power – and electronics between them controls power flow from battery to direct.
- Their machines work beautifully – and can do up to 45 knots
- IMHO, the finish is as nice as a Chris-Craft.
- The quality of the boat is superb.
- They have great designers – one of them designed the Laser.
Note: I am hard at work on DD in order to come to a valuation. I need to know, definitively, such things as:
- What is the order book?...I hear it is very good, but want to confirm.
- What is the inventory?
- What are the margins per boat?
- How quickly is the electric boat market expanding?
- How many boat sellers have the Tesla powerpacks…It’s my understanding that very few, if any have them…I’d like to see somedata.
- Is there a backlog for the Tesla power packs?
- I am told that the drive train is proprietary to the company…I’d like to know more.
- Yada yada yada...
About Canadian Electric Boat
“CEBC has been a manufacturer of high-end boats since 1995. Its boats are renowned for outstanding design, high quality teak and mahogany finishes, and reliability. Its new model the Bruce 22e is a high performance speedboat that uses a lithium-ion battery pack similar to those used in electric cars. Future models of CEBC boats are being designed to use Tesla sourced battery packs that are on order and are expected to become available later this year.
For more information on CECB visit their website: electricboats.ca.”
The NS Situation:
I have every confidence that George Brown, who is on the file, will be doing very well for the company re the entities that have wronged it. It would be great if we can have some resolution/s that would pay for drilling the Grumpy Lizard play.
The Grumpy Lizard Graphite Property:
Pure Energy Minerals’ (PE on the TSXV), flagship lithium brine project, located in Clayton Valley, Nevada, contains an NI 43-101 inferred resource of 816,000 LCE. They were at 4 cents in the beginning of 2014, as low as 17 cents in 2015 – and hit a high of $1.03 on Sept 16th, giving them a market cap of 48.5 million (the price has since come off)
On Sept. 16th, Pure Energy announced a supply agreement with Tesla
http://www.pureenergyminerals.com/pure-energy-minerals-ltd-announces-lithium-supply-agreement/
Suffice it to say…Anybody who thinks that Tesla (and the Nevada State government) don’t want suppliers for the new Tesla gigafactory in state, are very wrong.
MMJ’s Grumpy Lizard Graphite Property, IMHO, needs to be drilled late this November / early December. My feeling is that the SP goes north enough due to the new electric boat deal to make this quite feasible.
The Bottom Line:
MMJ is ‘relaunching’ very nicely. I would love to see “Powered by Tesla" on all the electric boats and the Grumpy Lizard being drilled in December!...And it’s trading at only 4 cents!…
Equitas Resources (EQT on the TSXV)
Here is the EQT website:
http://equitasresources.com/en/
The Equitas Twitter Feed has some very good stuff – and pictures – from the drill camp:
@EquitasCorp
I originally bought what I dubbed as “Voisey’s Bay 2.0?” at 5 ½ cents in February. Since then, these guys have done exactly as they said they would do – have raised a lot of money in the process – and I am hoping for huge things from the truth machine.
Before you go forward, here’s a fantastic Forbes article from Sept 23, 2013: Chris Verbiski Turned a Nickel Mine Discovery Into Two of the Finest Fishing Lodges in the World…
http://www.forbes.com/sites/monteburke/2013/09/04/chris-verbiski-turned-a-nickel-mine-discovery-into-two-of-the-finest-fishing-lodges-in-north-america/
A few things:
- For the newbies here, check out the Mgmt. team…They are a phenomenal group - and about as good as you’ll ever find at a company that a short while ago had less than a $2 million market cap:
http://equitasresources.com/en/about-us/the-team
- And check out the best-in-class guy doing their geophysics:
https://www.linkedin.com/pub/alan-king/38/926/125
- EQT are drilling right now. If they hit massive sulphides, they will see it and smell it – and they could get a rush assay done quite quickly.
- President Kyler H. is in Australia right now...KH is/was being very methodical re who gets the PP...Hmmm, are there any strong mining or nickel players in Oz?
- To get a good sense of the fundamentals, I recommend that you go back and read Urbani’s posts. This poster has a very strong sense of fundamentals – and a very good handle on both the micro and macro side of mining.
Here is a good article from Sept 2, 2015: Rockstone Research: Early Warning Report on Equitas Resources:
http://www.rockstone-research.com/index.php/en/research-reports/388-Early-Warning-Report-on-Equitas-Resources
Here is a great post by Urbani from a good while back (pre the start of drilling and the three new targets):
“EQT - Ground work Phase 2 target 1
EQT - Continuing Phase two, target one Ground Work….
Back to EQT - There was a drill core pulled out and ground work (very minimal up to 100 meters) on one of the first targets EQT is at this Summer. INCO drilled a hole. The geo's report to that logged hole is in the mines records at the Province and also in one of the papers I put on this thread.
The core revealed the identical geology to the Voisey host rock site.
EQT has penetrated much deeper with the VTEM to over 350 meters in some locations and found identical signatures as Voisey Bay. Voisey Bay offshoots, which there are two deeper at 200- 300 meters below the surface.
So understand this, it is the same signatures and geology host rocks and structure. These are FACTS. As well, the couple pods that were not on the surface of Voisey Bay are underneath the surface at about 300 meters. EQT's VTEM got extremely strong identical signatures 250 - 300 meters underground that are identical to Voisey Bay, where I might point out that Makela and King know about in more detail than anyone on the Planet.
Exploration is not for the faint of heart people, but I have never seen this type of solid DD by a rinky-junior mining exploration company before. Who the heck risks a Million dollar .05 cent private placement to do a VTEM over Moose pasture. I wouldn't, but these gentlemen are certainly in the know and they have PROVED that already.
EQT has 9 great targets identified in separate areas. Voisey Bay has basically one with a couple offshoots 200-300 meters down.
The old EM stuff only went down 75 meters people. Understand that nickel deposits come in bunches and it is really looking like, based on FACTS that EQT could have the Grand-daddy of the area and Voisey Bay was an off shoot of the Garland.
Anyone know why to this day nothing else has been targeted on the land package 28 KM to the North west across the Bay? Yes, INCO and VALE spent years exploring their property and guess what ......? Now the World has the Garland.
So for those posters that say the Garland has nothing and nothing has been done. I will say to you, what is your motive and bring some facts forward. EQT has stated they have no grab bag samples to date - correct- it is underground and the geology on surface is not the geology on Vale's property and I can go on. So please, let's all keep it real on this thread.
Urbani”
Article from Resource Clips: South of Voisey Bay: New Developments put Equitas Resources in search of a nearby nickel discovery
By Greg Klein
http://resourceclips.com/2015/03/25/south-of-voisey%E2%80%99s-bay/
A Report from the Field by Equitas Res. Corporate Communications Manager, Sean Kingsley:
http://resourceclips.com/2015/09/15/report-from-the-field/
The Sept 23, 2015 NR: Equitas Resources Provides an Update on its Garland Exploration Program – it was very, very da-n good!
http://equitasresources.com/en/news/95-equitas-resources-corp-provides-an-update-on-its-garland-exploration-program
A few key points:
- There are 3 new drill targets.
- More land has been staked.
- A great paragraph: When have you ever seen the words “large massive sulphide bodies” in a NR?
“Further interpretation from final processing of the B-field Tau component of the VTEM data has resulted in three new conductive signatures being identified at O, P and Q (see attached map). Tau anomalies can reflect more conductive bodies with slowly decaying signal, typical of large massive sulphide bodies.”
Here’s a very telling Urbani post – posted after the Wed NR on drilling:
“Ah, most people won't understand what was said in the news release, but the drilling part. I see a whole lot more of course, but just to let you people know, the press release says hold on to your shares, we know where we can hit a target with a drill at this time and where not to drill.
What a frigging expert team. That is the best Geo write up news release I have ever seen.
No wonder EQT was quite, they were staking.
Very exciting times ahead.”
Rockstone Report from Thurs. Sept 24 – this is very well done:
Equitas Starts Drilling and Triggers Buying Rush:
http://www.rockstone-research.com/images/PDF/Equitas6en.pdf
Everett Makela interview on CBC radio (4:19 in duration). He says it could be “billions of dollars” Re Voisey’s Bay he says, “We have all the boys back”:
http://www.mexicomike.ca/upload/roger/Sept/EquitasCBC2015.mp3
For Your Perusal (thank you, Urbani):
Review of Geophysical Technology for Ni-Cu-PGE Deposits
http://www.academia.edu/5402438/Review_of_Geophysical_Technology_for_Ni-Cu-PGE_deposits
Here’s a Business Television Clip of Kyler Hardy, titled: Using Advanced Technology to Find Nickel. This is only a minute and a half in length. Make note of his final few sentences:
http://www.b-tv.com/equitas-resources-ceo-clip/
Short Interest as of Thursday September 24th…It kinda makes me feel a little sorry for the shorty…
These numbers come from a Bloomberg screen grab. I was unable to copy it to SH, but would be happy to send the entire screen shot to anybody who wants it:
Shares Out – 62.0 M
Float – 42.6 M
Short Interest – 4.4 M
SI as % of Float - 10.21%
The Bottom Line:
I’ve had a strong ‘spidey sense’ about Equitas all the way along. I love everything about the play and am very impressed with the follow through…The money is being spent in the ground – so let’s see where it takes us.
Cardiff Energy (CRS on the TSXV)
I originally bought CRS in late June of 2014 at 5 cents. They drilled a vertical well successfully – and went as high as 29 cents – before falling oil prices hurt everything.
I kept playing CRS and bought a ton of it near 5 cents, again…It has since been as high 24 cents - and flow rates are coming fast.
Note: Both thepbay and Urbani, among others have done great work on the bullboard…If you need to do some DD, then definitely read their previous posts.
Some points re timeline:
- The casing is about done.
- 4-5 days of horizontal drilling – easy stuff – “like drilling through wet bread.”
- They will then have flow rates.
Some points in general:
- The drilling delays caused by the old drill crew & small rig have created investor fatigue…Hence the lower-than-it-should-be SP (IMHO).
- Jack Bal is now both the President & the CEO. If anybody is wondering why the NRs are now much clearer that before (i.e. not opaque), well, that’s the new reality of this company.
- CRS now has a really good drill and really good people – i.e. they can work through the inevitable challenges of drilling.
https://drive.google.com/file/d/0By0OMPaXOk9NalR5UUhDTkgwQVE/view?pli=1
Pictures of the Clayton #1H
http://www.cardiffenergy.com/s/RunnelsCounty.asp
A strong article:
Rockstone Research: Cardiff Energy: Back in the Game
Sept 9, 2015
http://www.rockstone-research.com/index.php/en/research-reports/393-Cardiff-Energy:-Back-in-the-Game
A good article by the Junior Gold Report’s Kal Kotecha from 06/02/2015
http://junior1391.rssing.com/browser.php?indx=37943981&last=1&item=9
The Bottom Line:
The BearCat #4 vertical well drilled last year by CRS produced 180 barrels for day. Horizontal wells like the Clayton 1H can produce 5-7 times as much…So, if the Clayton 1H does well (and they tie in the Bearcat), Cardiff Energy, with all their property for new horizontals, will be in terrific shape!
Flow rates should come shortly…
Chlormet Technologies (PUF on the CSE)
I have been waiting until fall for this company to really make a splash. Well, Bingo! I said that I had a lot of faith in VapeTronix, their Mississauga acquisition and in particular, the founder of VapeTronix, Derek Ivany, who was joining PUF. Below is a link to the acquisition NR:
http://thecse.com/cmsAssets/docs/Filings/2015/2015_04_02_16_56_29_%20PUF_Chlormet_to_Purchase_VapeTronix.pdf
The Weedbeacon!
http://chlormet.com/weedbeacon/
Cannabix Technologies (BLO on the CSE) went from 16 to 77 cents on the strength of their THC breathalyzer…The Weedbeacon has some similarities product-wise – and is probably much further along than BLO was on their product when the SP ran…
NR: from Thurs. Sept. 24th:
Exclusive new agreement with recording artist Massari re electronic Shisha device
http://www.stockhouse.com/news/press-releases/2015/09/24/chlormet-signs-exclusive-worldwide-licensing-agreement-with-recording-artist
The Bottom Line:
With a 3 ½ cent bid on Sept 24th and a market cap of only $1.2 million, IMHO, it should be heading north.
Umbral (UMB on the CSE)
Junior Gold Report: Umbral Energy Corporation Entering Emerging Frontiers – Marijuana Industry
By Kal Kotecha
http://juniorgoldreport.com/wp-content/uploads/2015/09/Special_Report_Sept_2015.pdf
NR: June 19, 2015: Umbral Signs an Agreement to Enter the I-502 Market in Washington State:
http://www.stockhouse.com/news/press-releases/2015/06/19/umbral-signs-a-loi-to-enter-the-i-502-market-in-washington-state
NR: August 27, 2015: Umbral to Provide I 502 Compliant Turn-Key Facility:
http://www.stockhouse.com/news/press-releases/2015/08/27/umbral-to-provide-i-502-compliant-turn-key-facility
The Bottom Line
Personally, I really like some of these US pot plays, as they seem much cheaper and cleaner in the execution than most Canadian pot plays. In saying that, the market doesn’t seem yet to have ‘buyin-in’ as to their efficacy…
Umbral had a very nice leg-up coming back, and has receded a bit. It seems that with the overhang, it bumps its head in the 6 to 7 cent range…This has made for excellent trading situations…
CMC Metals (CMB on the TSXV)
I think President Jack B. is very da-n close to getting his smelter...I really like it here...
Vanc Pharmaceuticals (NPH on the TSX)
I originally bought NPH in the 16 cent range and started posting on it there as well. It flew to 94 cents on huge volume…Since that win, I’ve been keeping some in the figurative freezer in a block of ice – to unfreeze at a later date.
Kaneh Bosm (KBB on the CSE)
I believe they are selling machines and that they are making progess in Colorado…
Cheers.
Jim
@jimrockfordatSH
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