Tiny company trading at $2 a share – Casey ResearchAny idea which company this is. Apparently its a danger for Elon Musk.
On June 11th of this year, a $333 billion conglomerate bought almost 20% of this company.
Less than 60 days after Citic’s investment, the founder of this company more than tripled his holdings.
In total, the ”smart money” has gobbled more than half of the total shares.
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I was intrigued based on the market cap because Tencent had to be the obvious $333bill Market cap reference. Not many companies that big. Tencent owns a chunk of NIO but NIO trades at $6-$7, not $2.
Then I saw this
https://cleantechnica.com/2017/12/09/tencent-guangzhou-autos-ispace-concept-car-ai-car/
Not quite a $2 stock, but I spent the last 20 minutes trying to decipher Mandarin to figure out if Tencent owns 20% of Guangzhou (GNZUF) to no avail.
Anyway seems like even more of a crapshoot than NIO and probably better off to just buy Tencent which Travis writes about in his updates frequently. Tencent obviously also owns NIO and Tesla too as well as a potential piece of GNZUF or whatever is behind this tease.
Hi – anyone know what Casey Research pitch: On December 1, a tiny company trading at $2 a share is expected to make a major announcement…
One that could flood it with a 22,705% profit surge.
Insiders are already snatching up shares ahead of this December 1 announcement.
A $300+ billion conglomerate bought almost 20% of this company. The founder of this company more than tripled his holdings. And the “smart money” has gobbled more than half of the total shares.
It’s obvious they’re getting ready for a big payday.
I think this is related to the new, hot 1-1-8 technology that is threatening Elon Musk’s hold on the electric car industry. Touted as: The 1-1-8 Tech Playbook: Two Tiny Stocks That Will Make Early Investors A Fortune. There are several promoters including David Forest, Senior Analyst,” International Speculator” and Doug Casey. The buildup seems to be The Casey Method: How To Make Huge Gains In The Resource Market. Myself, I’m guessing it’s another shot at the .41 stock that is now .61 as noted in the Teaser Tracker on Gumshoe…International Speculator. They are talking about COBALT and NICKEL SULFATE as their plays. Of course, this is only my supposition…I could be way off! I do not think this has anything to do with China, specifically and not NIO, either.
After seeing Sjuggerud’s Melt Up unimpressive come-on results (thus far) I’m leery but curious regarding The Resource Market. To be honest, resource stocks have done me no recent favors…especially not penny stocks. So, $2.00 hmmmm.
I agree and think it is a nickel stock.
After re-reading past Casey articles, I think the stock is Ivanhoe Mines, IVPAF, currently at $1.87 but as high as $2.08 on November 2, 2018. It mines nickel sulfate, copper, platinum, palladium, and gold. I put my money where my mouth is and bought some tonight.
perhaps Impala Platinum Holdings Limited (IMPUY)
My guess is Clean Teq (Clq.AX Cteqf)
DESCRIPTION OF CAPITAL STOCK for Ivanhoe Mines
As at November 6, 2018, the Company’s capital structure consists of an unlimited number of Class A common shares without par value (the “Class A Shares”), an unlimited number of Class B common shares without par value (the “Class B Shares”) and an unlimited number of preferred shares without par
value. At this date 1,010,608,164 Class A Shares, nil Class B Shares, nil warrants and nil preferred shares were issued and outstanding.
The Company granted no options in 2016 or 2017 and 4,000,000 options in 2018 to date. As at November 6, 2018, there were 22,036,000 options issued in terms of the Equity Incentive Plan exercisable into 22,036,000 Class A Shares.
The Company granted 1,503,509 restricted share units (RSUs) in 2018 to date, 43,683 restricted RSUs in 2017 and 2,013,539 RSUs in 2016 per the Company’s restricted share unit plan. As at November 6, 2018, there were 5,275,727 RSUs which may vest into 5,275,727 Class A Shares.
Underground mining to incorporate highly productive, mechanized methods
Ivanhoe plans to develop the Platreef Mine in phases. The initial annual production rate of four million tonnes a year is designed to establish an operating platform to support future expansions. This is expected to be followed by a potential doubling of production to eight Mtpa, and then a third expansion phase to a steady-state 12 Mtpa, which would establish Platreef among the largest platinum-groupmetals
mines in the world.
REVIEW OF OPERATIONS
Ivanhoe Mines is a mineral exploration and development company. The Company’s financial
performance is primarily affected by ongoing exploration and development activities being conducted at
its three material properties. The Company has no producing properties and does not have operating
revenues. The Company expects to fund all of its exploration and development activities through debt
and equity financing until operating revenues are generated.
The Company’s material properties consist of:
The Platreef Project. Construction of the planned Platreef mine is now underway on the Company’s discovery of platinum, palladium, nickel, copper, gold and rhodium on the Northern Limb of South Africa’s Bushveld Complex. Ivanhoe Mines holds a 64% interest in Platreef, the South African beneficiaries of a broad-based, black economic empowerment structure have a combined 26% stake in the Platreef Project and the remaining 10% is owned by a Japanese consortium of ITOCHU Corporation, Japan Oil, Gas and Metals National Corporation; and Japan
Gas Corporation. (See “Platreef Project”)
The Kipushi Project. The existing Kipushi Mine is located on the Central African Copperbelt in the Democratic Republic of Congo’s (DRC) southern Haut-Katanga province, one of Africa’s major mining hubs. The mine, which operated between 1924 and 1993, is approximately 30 kilometres southwest of the provincial capital, Lubumbashi, and less than one kilometre from the DRC-Zambia border. Ivanhoe Mines holds a 68% interest in Kipushi; the state-owned mining company, La
Générale des Carrières et des Mines (Gécamines), holds the remaining 32% interest. (See “Kipushi Project”)
The Kamoa-Kakula Project. A joint venture between Ivanhoe Mines and Zijin Mining Group Co., Ltd., (“Zijin” or “Zijin Mining”) within the Central African Copperbelt in the Democratic Republic of Congo’s southern Lualaba province. Following the signing of an agreement with the DRC government in November 2016 to transfer an additional 15% interest in the Kamoa-Kakula Project
to the government of the DRC, Ivanhoe Mines and Zijin Mining each hold an indirect 39.6% interest in the Kamoa-Kakula Project, Crystal River Global Limited (Crystal River) holds an indirect 0.8% interest and the DRC government holds a direct 20% interest. The Kamoa-Kakula Project is independently demonstrated as the largest copper discovery ever made in the history of mining on
the African continent and already ranks as the world’s fourth-largest copper deposit. (See “KamoaKakula Project”)
So these guys have a 64% interest in this new Platreef Exploratory Project, no production revenue and over a BILLION shares outstanding, with an UNLIMITED NUMBER of POTENTIAL SHARES!!! They had an 18mm loss for the most recent 9 months with a potential comprehensive loss of $42mm due to potential exchange loss reclassification. How do they drive this stock to the moon, when and what is the risk? I could not find expectation estimates for nickel sulfate production. There other projects look like they are big into copper and zinc.
Casey’s tease of a “22,705% profit surge” implies a 227 multiple of the current $2 stock price or $454 a share. Even with a possible earnings multiple of 40X, that implies net income of $11.35 BILLION!! I am sure I am missing something BIG!
It looks like it is Ivanhoe. RF is very likely Robert Friedland, and there’s a public filing as of August 9th that he owns 21.3% of Ivanhoe. Stock price is well down from early in the year when it hit $3.72, so if you want to take a chance, this might not be a bad time to do so. Keep in mind that most of the industry articles about the 1-1-8 technology that’s being discussed conclude that it’s widespread use won’t really come into play until about the 2020-2022 range and maybe as late as 2025. If you can sit on your investment that long, may be worth the wait. Otherwise, probably wise to move on to something else. I’ll purchase a small stake for my portfolio.
Thanks for sharing…has this been confirmed?
In my young and dumb years, I’ve gotten killed on this type of play.
These days, if I were to buy, I’d take a small “starter” position and wait for higher highs and higher lows on daily–weekly–monthly charts before sinking deep into a hopeful flyer.
I am now positive that Casey is talking about Ivanhoe. Of course, I don’t have any idea how that stock will perform, but he is definitely recommending it.
Heh…it gapped up higher, and closed .20 from the open, if anyone is wondering.
There is no such thing as a nickel sulfate mine. Nickel deposits occur as either nickel sulfide (magmatic deposits like Sudbury or Norilsk) or nickel silicates in laterites (deposits in PNG, Australia, Philippines, Myanmar, Cuba, Guatamala, Columbia, Cote d’Ivore, Greece, Albania, Turkey, even small ones in the good old USA). Nickel sulfate is produced as a product in a nickel refinery. BHP, one of the world’s largest nickel miners and refiners is adding a nickel sulfate circuit to one of its nickel refineries (see story at: https://www.reuters.com/article/us-china-metals-batteries-bhp/bhp-billiton-to-produce-nickel-sulphate-next-year-eyeing-cobalt-on-battery-boom-idUSKBN1HP13M). A price spike will rapidly bring on new production since all that is required to produce nickel sulfate is a nickel compound or metal and sulfuric acid.
Love knowledgeable additions. Thank.
What’s the company’s name? Where is it located?
hi