Friday File: Gold, Grenville, and some Buys and Sells
by Travis Johnson, Stock Gumshoe | May 6, 2016 4:30 pm
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Source URL: https://www.stockgumshoe.com/2016/05/friday-file-gold-grenville-and-some-buys-and-sells/
Appreciate your digging. Huge percentage of touts use the same writers, so it appears, as they have their teaser and state they will reveal the stock at the end of their performance…only to be given the opportunity to send them $ first. Thanks for eliminating them from my e-mails and for the time saved by not listening to their 30 minute spiels.
Hi Travis, thanks for the email this am. The moderator has my HI to Crumdo “awaiting moderation” . What’s up with that??
Nice Friday File,Travis
I’ve been following the race to the bottom on many of the world currencies, and also NIRP (negative interest rate policies). Gold and other precious metals look like a good place to be. I have GDX and back over from when I bought. Will watch SGDM.Sounds like the the yuan will continue to sink in value. Glad I got out of BTU when I did.
Hi Yuan and Gummunity. Hendrixnuzzles is doing a fantastic job for the gummunity running down Gold, Silver and precious metals here: http://www.stockgumshoe.com/2016/03/microblog-golds-next-bull-run-what-to-buy/
I am chasing down water and other ideas here: http://www.stockgumshoe.com/author/sogiam/
Thank you Travis for making this all possible. #Happy #Mother’sDay momma Gumshoe and other wonderful Gummune mothers. Best2All – Benjamin
Hi yuan, alan a non here. Wa cadda mas? ehhh what’s up
Berkshire Hathaway earnings miss expectations by $487 per share via R Murray MD CFII @Qwovadis: http://finance.yahoo.com/news/berkshire-hathaway-earnings-miss-expectations-202000687.html?soc_src=mediacontentstory&soc_trk=tw
Hi So GI(vet) in the am what’s up?? boy that was a long article. long $SRPT
Following the Lynch model, I’ve thought about SQ as a way to tap into the growth of local businesses and hipster shops. Unfortunately, it looks like SQ is far from the only player in that market and many stores seem perfectly willing to use a cheaper inferior service if it works well enough.
I like your options strategy with AAPL. I don’t have much real life practice with using options, so it’s helpful to see some conservative strategies in practice.
I recommend being very cautious of Square. Payments are a razor-thin margin business and Square is bleeding cash. Acquisition may be Square’s best exit strategy.
GRC a penny stock that took a big drop on april the 28th. ONly been in the market since 11/12/15. Out of nevada, where the most gold is at the golden nugget, a casino
Note. MGT management is on a p&d roll this am. they area money p&D, & I think grc is a nevada p&d. And I am talking about the stock, not the company
Just got an alert on up !)% 10%, OPK /wasis in deep dodo. $17.5 a yr ago at 10 shortrly agg, and backup to $10.70
Dust is my big winner so far today. Dust is betting against gold
I am lng up 8.59% so far today that’s oil down west tex intermediate
$DWTI
Hi Travis, GRC.V got crushed again after last quarter results. I have long position but deep in red after the last 2 quarters. Interested in your take.
Thanks – mmck
2016 Second Quarter Financial Highlights
Royalty Payment Income of $1,971,000
Adjusted EBITDA(1) of $508,000
Free Cash Flow(1) of $340,000
2016 Second Quarter Portfolio Highlights
Average royalty payment per million invested(1) was $164,000 for the month of June 2016
Average total royalty income per million invested, including gains on Contract Buyouts, was $337,000 for the rolling twelve-month period ended June 30, 2016
Royalty agreements, follow-on financings and new loans acquired were $428,000 for Q2 2016, for an aggregate net value of acquired royalties and loans since inception to the end of Q2 2016 to $63,345,000
Negotiated updated contract terms with Bluedrop Performance Learning that provides additional upside for the portfolio
“We made significant progress on the plan we laid out in the first quarter. We have reduced operating costs and determined the business can be effectively managed at a cost of $2.4 million to $3.0 million per year. We have extracted additional value from the existing portfolio as evidenced by the Bluedrop amendment. We have also identified new investment targets to generate additional cash flow,” said Steve Parry, Chief Executive Officer of Grenville. “However, we now believe that we will need more capital for additional investments to generate sufficient cash flow to complete our goal of growing the Company now that we have stabilized the business.”
Mr. Parry continued, “Multiple alternatives exist to access new capital including cash flow from future Contract Buyouts or the use of senior debt. Based on discussions held to date, we believe we can raise senior debt at a reasonable cost for accretive investment opportunities. Both cash flow and senior debt sources may have an impact on the current dividend. We continue to focus our business to maximize margins and cash flow to enhance shareholder value.”
http://www.marketwired.com/press-release/grenville-strategic-royalty-announces-2016-second-quarter-results-tsx-venture-grc-2154102.htm
I didn’t like it, had been holding after selling half at the stop loss point but sold the rest after reading the details on this quarter — don’t know if it has bottomed out now, but I don’t like the continuing deterioration or the likelihood that they’ll try to do a new debt offering. I wrote about that sale late yesterday here: http://www.stockgumshoe.com/2016/08/washout-for-my-small-non-metals-royalty-investment/