Want a nice "safe" laggard?
RIC
Richmont Mines Inc.
No Debt.
Funded.
$23 million in cash.
= $1.23 cash per share & the stocks @ $1.91 today.
Selling below book --> 0.81
Good prospects.
Drilling one now...
biz.yahoo.com
Here's their BMO Conference presentation:
files.shareholder.com
Here's their home page:
richmont-mines.com
Disclosure: I own it. And I have no intentions of flipping
it for less than +50% from here, and view it as a core
LT hold in my junior/explorer basket.
Average daily volume is only 16,000.
Larger players may want to accumulate through more than
one account. I wouldn't stand there with 10k bids waiting
in the wings.
And you guys that follow Claude Cormier, or subscribe
to his newsletter should check with him to see if he
still likes it -- ie:
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Ride the Tiger with CD
To: ogi who wrote (129825) 9/3/2008 9:44:33 AM
From: Claude Cormier 2 Recommendations Read Replies (1) of 131228
- HAT.V, CPQ.V, ANI.V, CSI.t,
Four names that I like very much. I would add CFO, SCM and
RIC to this list as stocks with coming results that
could change the big picture dramatically.
Gold and Silver Juniors, Mid-tiers and Producers
To: Valuepro who wrote (60860) 8/23/2008 4:32:31 PM
From: Claude Cormier Read Replies (5) of 61229
VP.
I personally met with Martin Rivard, prez, of Richmont who is partner with LKAI. He personally picked up such high grade samples. RIC's people are very conservative. Nevertheless, they decide to go on a spending program of $3.5 millions on Golden WOnder. They believe the odds are excellent to find more tonnage. If they do, this will be a very nice story for this fall.
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I had a lot of PM's asking me what "I" was buying,
that hadn't already taken off, but had good upside.
This is one idea.
Do your own "DD".
No pump - as none is needed.
No dump - as one would be insane, before +50% to 3x from here.
That's as clear, simple, and un-hyped as it gets.
It's not my "best" idea... but, those aren't free <vbg>.
But, it's a damn good idea - and it's also been
endorsed by others.
Take it, leave it, do with it as you wish.
If it fits your criteria, it's something you can buy
without chasing something that's already up +40% like MFN.
SOTB |
