written by reader 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
Irregular
November 18, 2018 12:16 pm

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.

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kiaramar
Member
kiaramar
November 19, 2018 5:33 pm

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
Irregular
November 26, 2018 7:51 pm

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.

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myPanama2
Irregular
myPanama2
November 28, 2018 12:33 am
Reply to  krinkle

I agree and think it is a nickel stock.

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myPanama2
Irregular
myPanama2
November 28, 2018 4:51 am
Reply to  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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