Yes I do see it differently, I see a sweet spot in two areas: the top of the food chain in the juniors, or what might be referred to as mid tier cusps (the next generation of mining companies, or mining company munches). I feel the ones that especially have those liquid AMEX listings will trade well, and see premium valuations coming. Fundamentally I see them as quite undervalued. In my GOD portfolio that would be AGI, WTZ, GBU, WHT (already a mid tier), GBG, IVN (will be a major), MAN, MNG. Others that I have no opinion on have been mentioned in this camp include CBD, NGX, and MFL (the last one I feel has gotten a bit ahead of itself). I also see MOY and even BGI and ARQ as munch material. I'd throw the floor open to discuss others in this class.
The other sweet spot are the GAGs, juniors with very active programs, key targets, quality staffs. It's important to separate that group from the junk, and I don't always have the answers, so I'd like to see the board here looking at that more. I'd like to see posts that really say so and so raised X dollars, has Z property, and here's what they are doing, and here's how they spent their money (mostly on promotion and exec salaries and "office"?). I'd also like to hear about some the personnel. To be honest, one of the reasons I've sort of disappeared from this board at times, is because I see so little of that done here, and I just don't have time to do extensive amounts of that kind of work myself. I have NEVER seen anyone dissect a Sedar report on expenses, options and warrants for instance. Since I am very reluctant to be the main guru (my goal is to be a key thinker/contributor, nothing more) here, the gauntlet I'd like to lay down to drive the success of this thread is to see a little less cheerleading and more yeoman work. (*) I have looked hard to separate out the people that just seem to engage in endless self serving cheap PPs and then end up doing nothing or little. The ideal model for an exploration junior is to be a GAG and very shareholder value driven.
But, I'm regressing, what I'm wondering about this group is how many event driven free looks we will get. Some may remember the old days, when the quick and alert were able to scarf up names like MR and YMC.u because so many people were asleep. Are we in that climate? I sort of think so still, that's why you now see me with so few (CQR, and a small position in SUL) of those names now. I think I'll get a look.
I believe the HUI names like GG, AGE, MDG, GLG that everybody trades in the sector are just overpriced. They are great low cost companies, but to make big money, you need to find the NEXT GLG or MDG. Right now (IMHO) you are getting increased visibility on who those outfits are, and like I said they're cheap.
So the rather long winded answer to your question: the yeoman work needs to be much more bottoms up oriented.
(*) contrast this to the Big Dog Boom Room, which I've found absolutely incredible in terms of developing my research and work on the O part of GOD.
Subject 50987
That's what I'd like to see going on here. |
