Thoughts from Myron — Spring Focus on Agricultural Stocks
by takeprofits | March 31, 2014 7:44 am
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Source URL: https://www.stockgumshoe.com/2014/03/microblog-thoughts-from-myron-spring-focus-on-agricultural-stocks/
Thank you for your time here Myron as myself value your input as others do, will research your recommendations. On another note, what is going on with Limiko Resources going down to $0.08 from the $0.12 when you wrote about it I believe?
As always, thanks
JOHN: Movements like that are not unusual for juniors, it can happen with no fundamental reasons, just market sentiment based on what the market as a whole is doing. Best not to look a gift horse in the mouth, being able to buy a stock you have thoroughly investigated and have confidence in Mgmt. to execute their game plan after a major financing is a rare opportunity to average down below the price sophisticated investors were willing to pay to finance the company. If it wasn’t for the huge list of other stocks I want to buy I would certainly be happy to buy more at the current low.
Maybe the following update directly from the CEO will make you feel more comfortable with your purchase for the next year that has just been financed providing time for the market to price the stock more realistically.
Dear Myron,
In the 1970s and 80s, the introduction of the computer changed how we lived, operated business and learned. In the 1990s and 2000s, the introduction of the mobile phone and the internet introduced 10 times the change that computers had. What is the next revolution and how can you participate?
Graphene is a material that is 200 times stronger than steel, electrically and thermally conductive and flexible. There have been over 10,000 patents filed on graphene since its discovery in 2004 and in 2010, two scientists from Manchester University in England received the Nobel Prize in Physics for that discovery.
In 2013, Lomiko Metals launched a Strategic Alliance with Graphene Labs of Long Island, New York to investigate new business opportunities in Graphene. In 2013, Lomiko saw the launch of a new company called Graphene 3D Lab and the completion of a Graphene Supercapacitor Project with Graphene Labs and Stony Brook University of New York.
In 2014, Lomiko received a key financing to move the technology and mining projects forward. Here’s a round up of the progress we have been making on all fronts.
• March 13, 2014 Lomiko closed Financings with proceeds of $5,520,800. This financing is a major milestone and allows the company to advance its Quatre Milles graphite property.
• Part of the financing is allocated for new business development with Graphene Labs. This allows for the development of graphite found in Eastern Canada to be converted to Graphene products and potentially pave the way for it to be used in new technology.
Lomiko and Graphene Labs have already founded Graphene 3D Lab to create 3D Printing Filament that will pave the way for printing electronic devices rather than manufacturing them. <<http://www.marketwired.com/press-release/lomiko-metals-inc-closes-financings-for-gross-proceeds-of-5520800-tsx-venture-lmr-1888477.htm>>)
Lomiko’s activities include filing patents for the use of graphene materials within the 3D printing field are outlined by Gary Anderson at 3D Printing Stocks here. (<<https://3dprintingstocks.com/lomiko-metals-lmr-v-lmrmf/>>)
• On January 6, 2014, Lomiko outlined it would undertake a listing on the OTCQX in the United States to increase exposure and allow new investors to buy Lomiko Metals Inc. stock under the symbol LMRMF.
• Lomiko’s trading volume and stock price have increased significantly since the start of Janaury.2014. New developments ‘in the pipe’ may have further positive impact.
We anticipate the pace of our exploration effort at Quatre Milles will increase through the spring and summer. We’re aiming for a solid resource estimate by December, 2014.
On the graphene side we are looking forward to further advances both in the use of graphene in 3D printing and in our super capacitor project.
We’ll continue to keep you informed.
Yours truly,
A. Paul Gill, CEO
Lomiko Metals Inc.
This is why I am here, for the persons like you & Travis to answer questions so informed. Thank you for righting my brain… 🙂
dear Myron, thank you for mentioning Allana Potash which trades as AAA up in Canada and ALLRF on the US pink sheets. The happy few, who get both your views as paid subscribers with Travis and mine as paid subscribers to http://www.global-investing.com joined the latter’s editor, me, when I bought Allana. We are actually up a bit, after Israel Chemicals (ISCHF) was sold shortly after it signed a deal with Allana .
AAA is developing a very rich potash mine in Ethiopia which thanks to ISCHF now has a crack at getting needed bank finance. It is already receiving help with getting the infrastructure in place to get electricity to the mine and a railway to the port of Djibouti (and eventually to a port in Ethiopia itself) thanks to its minority shareholder, the International Finance Corp. , the private equity arm of the World Bank. It has lots of water on the site which holds particularly rich potash deposits, so it will have a lower price despite the efforts required to get it to market.
When I learned about the ISCHF deal just as we were exiting it because of specific issues in Israel, I jumped on Allana and took my readers along for the ride.
Come join us, Myron. And other seekers after agro-inputs and African ideas. And consider joining the http://www.global-investing.com subscriber base. We are honest reporters but do not have the megabucks Agora deploys in the US, Canada, Britain, Australia, and (soon I bet) Ethiopia.
Thanks for the additional info re AAA Vivian. I admit I have not followed it closely since I took my profits off the table because of the long dragged out development. There is only so much money one should allocate to any one sector and for now I will put any available funds into Verde Potash NPK which for those not farm oriented means Nitrogen/Phosphate/Potash.
With my article only having come out yesterday it is rather gratifying to see that NPK was up 13.66% today, which would be great for a week, or even a month. Buy the inevitable dips if it continues its advance, but timing like that is what keeps me writing.
Thanks Myron: Interesting piece. Looks like the financing is a done deal as of 4.01PM EDT
http://www.wallstreet-online.de/nachricht/6670551-allana-potash-completes-second-investment-round-by-icl-as-part-of-strategic-alliance
dear Thomas Paolini
no, the Wall Street on-line note tells that the deal with Israel Chemicals was completed yesterday as expected. The financing is separate and still not tied down. Allana is a Canadian small cap stock and high-risk. It may wind up having to sell more shares or to issue convertible shares or ones with warrants to lends to finance its plans in Ethiopia if it cannot get bank finance without them. It is due to take place this quarter, we hope.
Vivian: Thank you for the clarification. I went back and read it again.
I appreciate the lesson.
Tom
Hello Myron, looking on the cantech letter site checking on Can adian cleantech i stumbled upon Burcon Nutrascience (BU.T) (BUR.Nasdaq). Knowing of your interest in the soft drink sector, this firm has its business in extracting proteins from plants like soy and canola. The proteins are to be used in sportdrinks. Its partnering with Archer Daniels Midland. The latter has completed a plant in Illinois for the production of the proteins. Burcon will receive a royalty on sales. If they succeed in landing a contract with a large sportsdrink house like for instance Pepsi, Burcon will do nicely. The price of its stock ts now of from recent highs.
Thanks Ruud, have not yet checked it out but check my next column out in a few days for a canola play. For purposes of an accurate depiction, I am NOT interested in “softdrinks” per se I am interested in healthier replacements like REEDS Ginger Brews, which is again at a good buy point. Proteins from plants sounds interesting depending on what they use as a sweetener, and it is true that both Coke and Pepsi, (neither of which has ever entered my body) are buying up companies with healthier alternatives because sales are slowing as consumers wise up and demand the healthier alternatives. It may take a few years but I still hope Reed’s will duplicate Monster Beverage as a ten bagger +.
Hey Myron, I know this is a bit off topic, but you were a huge proponent of Detour Gold (DRGDF) back when it was about $4.50-$5.00 a share and strongly recommended buying shares of it at such a low price. Despite the HAMMERING that Gold & Silver, particularly Gold, has taken over the last few weeks, down from a high of $1389 to now $1280, Detour is still up 100% from your REC just 4-5 months ago, at the end of 2013 as it currently trades for around $8.50 and has even gone up on days when gold has gone down $15-20 on certain days! First, do you think I’d be chasing this stock by buying it at it’s current price, as I see BIG RETRNS over the next 3-5 years? Does this suggest that the cat is out of the bag, with respect to Detour Golds mining preeminence, as they anticipate production between 450,000-500,000 oz of gold during their first full year of operations, and increase output by 20% next year [FISCAL 2015] to 600,000 oz at a cost between $950-$1100. Finally, my question is given the clearly superior Ore of what lies in the Red Lake area of Ontario, and you’re other recc of Balmoral Resources (BALMF), which owns land on the same treasured territory, what is your opinion on Rubicon Minerals (RBY), who also owns land in Northern Ontario’s Red Lake and seems to have a potentially BIG return when their Mine or Mines are at full production? Any insights on Rubicon Minerals would be greatly appreciated? And again, my apologies for getting of topic here. Thanks.
Not off topic at all, any stock I have profiled is fair game for discussion. Not to brag, but I am sure there are quite a number of subscribers who didn’t buy Detour and several others, who now wish they had, and no I don’t think it is to late to buy Detour, anywhere under $10. should still do well. For the record, it reached over $30. even before going into production.
Balmoral likewise, I would rank it within the top 5 of precious metals exploration stocks and would buy up to $1.10. My opinion of Rubicon Minerals is also positive, have owned it for some time and would profile it if I saw an immediate catalyst for quick appreciation. I doubt that anyone buying it on dips in this sideway market will be unhappy a year down the road.
H Myron, any thoughts on would-be potash miner st.to (which I have followed down into the grave) and or tk.v and lvn.to. Thanks
Myron thanks for the insights, what is your opinion on ANV and east west petro. Both are beaten down significantly in recent weeks.
Myron; any idea what is going on at PGLC? Lots of buying by two people recently.
Myron,
I sold ALLRF due to your comments earlier (uranium stocks) I still think it has atleast a few more months before going anywhere. Originally I was hoping for a buyout, due to impressive concentrate numbers. But the ICL deal ment a takeover was less of a reality and building out the mine was more immanent, thus a longer term bet. That capital went into Lomiko. Top quality advice, thanks.
I agree that barring a takeover Allana is a longer term bet and the better job you can do of marketing timing and avoiding “dead money” the better your long term results will be.
Nobody can time the market perfectly on a consistent basis, me included, but short term catalysts are a definite consideration in making wise choices as to the “when” of an investment, so good thinking on your part.
my own perspective is a bit more long-term. I await Allana getting the finance it needs now that it has a pair of big backers, Israel Chemicals and the private equity arm of the World Bank, the International Finance Corporation which is helping fund the necessary infrastructure to get the potash mine up and running (it needs electricity) and to get the potash to market (it needs a railroad.) I am not rushing into other potash stocks given the uncertainty about prices as the Belarus-Russian cartel and the legal Canpotex western cartel (run by Potash of Saskatchewan) cut prices to Asian markets. for whatever it is worth, I think that the potash price will firm up now that there is so much uncertainty about the grain produced in some of the richest land in Europe, the Black Earth of Ukraine. This will encourage more planting this season in other areas like North America and western parts of Europe, and therefore more potash buying. The rise will not affect Allana because it is not currently producing potash, but it may make the financing go easier if the bankers can plug in a higher price level on their spreadsheets
Dear Myron,
Do you have a point of view on KPLUY, specialty European potash producer ?
I read something about it in a newsletter, can’t remember which one…said KPLUY’s output was of a higher grade suited for certain European ag products…
Thanks very much