SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Ride the Tiger with CD
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: The Barracuda™ who wrote (159025)5/18/2009 7:18:47 PM
From: Rocket Red  Read Replies (1) of 313023
 
Raytec Metals Corp. (TSX-V: RAY) –Shares trading below working capital
Sector/Industry: Junior Mining www.raytecmetals.com
Market Data (as of May 5, 2009)
Current Price C$0.225
Fair Value C$1.14 (?)
Rating* BUY
Risk* 5 (Highly Spec)
52 Week Range C$0.09 –C$2.05
Shares O/S 74.04 mm
Market Cap C$14.66 mm
Current Yield N/A
P/E N/A
P/B 0.50
YoY Return -69.6%
YoY TSXV -58.8%
*see back of report for rating and risk definitions
0
5000000
10000000
15000000
20000000
25000000
06-May-08 03-Sep-08 01-Jan-09 01-May-09
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
Investment Highlights
??In July 2008, the company closed a $25 million brokered
private placement.
??Potash: Raytec’s potash claims are located near BHP
Billiton’s (NYSE:BHP) potash claims in Saskatchewan.
Permits to explore just over 180,000 acres of these claims
have been granted by the Saskatchewan Ministry of
Energy and Resources.
??Iron Ore: 11 diamond drill holes, all of which intersected
magnetite iron formation, have been completed on the El
Sol property.
??Uranium: Triex Minerals Corporation (TSXV: TXM)
completed 8 holes on two of the company’s joint venture
uranium properties. Triex has elected to extend the option
to spend a total of $3.6 million.
??We maintain our BUY rating on the company with a lower
fair value estimate of $1.14 per share compared to $1.87
per share in our previous report.
??We estimate the company’s current working capital is
at least $20 million, or $0.27 per share. Currently, the
shares are trading below working capital.
Key Financial Data (FYE Oct 31)
(C $) 2007 2008 Q1-2009
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News