Tiny company trading at $2 a share – Casey Research

By owlhouse6, November 18, 2018

Any 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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gdoggcrunch
Member

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… Read more »

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kiaramar
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kiaramar

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.

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krinkle
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krinkle

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… Read more »

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mypanama2
Irregular
mypanama2

I agree and think it is a nickel stock.

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mypanama2
Irregular
mypanama2

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.

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edy
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edy

perhaps Impala Platinum Holdings Limited (IMPUY)

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kisfgergo
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kisfgergo

My guess is Clean Teq (Clq.AX Cteqf)

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WhuttTheHeck
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WhuttTheHeck

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,… Read more »

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sjgoldberg
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sjgoldberg

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… Read more »

krinkle
Member
krinkle

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.

mypanama2
Irregular
mypanama2

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.

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krinkle
Member
krinkle

Heh…it gapped up higher, and closed .20 from the open, if anyone is wondering.

magmahombre999
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magmahombre999

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… Read more »

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