Lyxr $ Frn Discussion Threads

[mattybuoy] 25/5/2011 12:30

Here's a rather nice Alberta Bakken play for those with some patience.

There are only 23m shares out of which management have 30%. The market cap is around $65m.

[mattybuoy] 24/5/2011 16:20

Grizzly has been doing quite well. Haven't looked to see why yet.

[mattybuoy] 23/5/2011 21:47

Staying with the theme, this one could be interesting and is even on the Canadian market :-)

ELI.V



Potential HREE deposit right next door to Mountain Pass ...



It only came to market on 28th March this year, and with 43m shares FD the market cap is about $15m.

[mattybuoy] 23/5/2011 21:35

There's more ...

I have just discovered that two of the main backers of Molycorp are Resource Capital Funds (a private equity fund) and Traxys (a metals "trader").

These guys are also the main backers of previously mentioned Wolf Minerals (ASX:WLF), who are developing the huge Hemerdon Ball tungsten project in Cornwall.

Tungsten has near identical supply/China/shortage characteristics to REEs, and it will be those Western companies who get to production first who are likely to be the big winners, just like Molycorp. I am hoping WLF will be amongst these, and due to the low-grade nature of the deposit there is tremendous leverage to further increases in tungsten prices.

WLF's market cap is around $40m and a DFS was published last week with positive economics. Production is planned for 2014 subject to financing etc.



I must also admit to liking the idea of driving down to Cornwall in a few years time and saying "there's my mine!" ;-)

[mattybuoy] 23/5/2011 18:55

I just noticed this.



What was Wall St saying about the IPO when it happened? I think it was something like "not interesting enough". Great call ...

[mattybuoy] 10/5/2011 15:14

Or ... Perhaps it could be Oilsands Quest (BQI on the Amex, which is owned by the NYSE).

The company is soon to run out of cash, has no ability to raise funds without catastrophic dilution and has therefore been under-going a "strategic review" since last year.



This company has a vast land position covering virtually the whole of the oil sands in Saskatchewan. It has done good work, but the sheer capital and timescale involved with such a big project has essentially overwhelmed it.

[mattybuoy] 10/5/2011 00:51

Brainwave ...

I reckon it's Cenovus (CVE). Mentioned earlier in this column as having a potential resource of 100bn barrels of bitumen in place, this is also a figure that appears in the Taipan drivel.

The company has no previous Chinese connection but will assuredly need several oceanloads of capital to fully develop its vast properties.

It could even be an actual takeover attempt. I'm not sure how viable that is though, look at what happened with Potash. Still, I am now watching :-)

[mattybuoy] 10/5/2011 00:34

Wales wasn't that bad a guess. The location is indeed within the Empire.

Even the estimable Stock Gumshoe can't work it out, but he has pinned it down to good old Canada and the oil sands.



What is a bit puzzling is that all the oil sands players on the NYSE are multi-billion dollar market cap companies, so it's quite hard to see where the delta will come from.

[redredblack] 09/5/2011 20:21

Or any number of African countries.

[mattybuoy] 09/5/2011 17:43

Does anyone have any idea what this blather from Taipan is referring to?



I would have thought it was Mongolia, but it goes on about how a port is being built so it's not.

The company being pumped is NYSE listed.

[drdre] 03/5/2011 08:00

If you like Nickel, a company I have held for some time are Canadian Arrow Mines (CRO). I won't bore with details here but the skinny is:
- Market cap of $13m (131m shares @ 10c)
- Due to start production @ Alexo / Kelex later this year (projected cashflow of $20m)
- Flagship project Kenbridge has a NPV of $250m at $8/lb nickel.
- NSR of 2% on Hart project (Liberty Mines). This will generate $5-9m over the next 4.5 years.
- EV of resources is 9c per Nickel lb using 110m lbs of Nickel indicated across th e2 main projects.

The capex of $108m for Kenbridge will be partially funded from cashflow from the Timmins and the NSR from Hart. The presentation below is a quick and recent summary. If nickel stays above $10/lb, CRO should be trading at multiples of the current share price within 12-18 months IMHO.



DR

[mattybuoy] 01/5/2011 18:41

Here's another one.



61m shares fully diluted = c.$30m market cap
$10m in cash and backed by Goldcorp

Recent monster hole:



Thanks to

[holism] 26/4/2011 06:04

Matty- if you like gold stocks with not many shares in issue have a look at Maudore!

[mattybuoy] 25/4/2011 21:38

The website ... Just click on the logo. Also read Stockhouse bullboard.

[arej] 25/4/2011 20:21

Mattybuoy, any reading suggestions on fnr? Thanks, arej

[mattybuoy] 25/4/2011 14:04

Just thought I'd mention these again. Nice low share counts ... :-)

If you want a bottom drawer stock 49 North is an absolute beauty.

[snickerdog] 25/4/2011 13:24

Interesting Matty - WZR will definitely be issuing bucketloads of new shares.

I have a feeling though that OYM may now be fully diluted after their last capital raising in March - they are now producing and ramping up that production.

I do see your point though but it all depends upon context for me.

Must have a look at some of the other ones you like.

[mattybuoy] 25/4/2011 13:13

OYM and WZR both have too many shares out, and they don't look like they will stop diluting any time soon.

I'm not not too keen on Kurdistan either, unless it's wrapped up in Niko.

Look at two historical 100 baggers:-

Niko has 51m shares out.
Silver Standard has 79m shares out.

Not diluting is absolutely key to long-term share price performance.

Teuton has been listed for over 20 years yet only has 36m shares out. This is one reason why I give it a big thumbs up.

[snickerdog] 25/4/2011 12:52

If anyone does know how to CFD a Canadian Small Cap then I'd be very grateful to hear how.

[snickerdog] 25/4/2011 12:44

Holism and Jim, I have been eyeing up OYM for a while, I do see that the MC may be cheap but as yet I have not done any PE calculations to figure out exactly how cheap. As such this will determine how many I buy.

I think May end may have been a target for a second production plant to bring prod up from 40k to 60? 80? Not completely sure though.

I did try to check their resources and got a bit confused by all those tables. May revisit or even give them a call but something simple would have been easier.

Of course there is the second mine as well but one thing worth considering was regarding the Vietnamese Government's stance on tax - I do think that I saw something positive regarding that but not sure where. I will try to dig it out.

The other assets look veyr interesting too.

I was too slow and busy with work so missed a buy opportunity when the price slipped to 0.37 but it's now at 0.47.

I will take a position but I cannot commit too much capital at present as I have other plays where I can CFD rather than buy physical. OYM certainly sounds like one to put some money in and forget about it.

[jimbowen30] 25/4/2011 09:19

Snickerdog/Holism,

I hold OYM - performance has been disappointing over last few months but could be turning the corner with second mine coming into production next month. Very low market cap, Here's a good write up from minesite taken from the OYM board



Jim