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drbubb

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  1. Why Food Inflation Is Only Getting Started by Capitalist Exploits Friday, Jun 17, 2022 - 17:49 Take a look at this: The US has just experienced an 8.8% increase in food prices. The problem (and there are many, actually) is that this doesn’t take into account the spiraling costs farmers are now experiencing. It’s worth remembering that because farmers pay upfront and only recoup their expenses at the point of sale/harvest months later, all the opex they’ve experienced has a lag. This lag is dependent on produce but certainly, we’re looking at a tsunami of food inflation 12 to 18 months out. Then there is the fuel and fertilizer. You’ll hopefully recall our bullish call on both fuel and fertilizer in order to play the entire food cost explosion that is now kicking off. Fuel and fertilizer together are the two largest input costs to farmers, typically exceeding in aggregate 50% of their total costs. Here’s diesel: Then we have fertilizer, itself a by-product of natural gas: Fertilizer has tripled and in some cases quadrupled. What are governments doing to “fix” this? Playing with interest rates. How cute! Sticking with supply-side economics…
  2. Bitcoin Futures ... update: Friday: $20,625 . Sat trading OTC: $18,815 Low (so far) Different channel follows ETHE / Grayscale Ethereum Trust... update: $7.08 x 149.5 = ETH-$1060: $7.08/ 0.660 = $10.72 x99. = $1060 High: $47.40 x102.8= ETH-$4,873... last ETH: $1,000 /149.5 = $6.69 ETHE Discount or Premium to NAV - YChartsx Is Grayscale ethereum trust trading at a discount? ETHE Discount or Premium to NAV: -33.41% for June 13, 2022. > https://ycharts.com/companies/ETHE/discount_or_premium_to_nav Discount/Premium to NAV Definition The discount/premium to NAV is a percentage that calculates the amount that an exchange traded fund or closed end fund is trading above or below its net asset value. This metric can be a valuable metric to track how far away a security is trading away from its true value. This is an important metric for closed end funds specifically because CEFs don't issue any additional shares after its initial offering. This can cause the price to stray away from the true net asset value of the holdings in... Is ETHE trading at a discount?
  3. China & the Bitcoin jump of 2017 : $1,000, $2,000 & rising UPDATE: May. 2022/ Is the Bitcoin Drop over? BITCOIN CYCLES Downturn seems not done yet, based on timing and extent of retracement Bitcoin Futures ... All: 2yr: 1yr: 10d / Last: 29,765 52 wk.: 28,105. to 69,355. === UPDATE: Aug. 2021/ Is the Bitcoin Bounce over? 65k - 30k= 35k drop. 50% retrace= 17.5+ 30= 47.5k; 62% retrace= 21.7+ 30= 51.7k Bitcoin... update: 4yr: Last $45k 4yr: Last $47k ALL data Yuan Dumps, Bitcoin Jumps As China Researchers Suggest "One-Off Devaluation" & Capital Controls As we have detailed numerous times recently, the recent move in Bitcoin has been strongly suggesting increasing fears of capital controls and/or expectations of a looming (and quite notable) devaluation of the Yuan against the US Dollar. Tonight saw China's largest nationalist tabloid suggesting that China should consider one-off yuan devaluation to keep the currency stable at equilibrium level. Offshore Yuan is tumbling - to new record lows. === === Bitcoin : The uptrend continues as money flees China: ======= Charts: Bitcoins LIVE : BTC:12-mos : 4-mos : 10d : Ticks : BtcWisdom : BTC-24hours : PB : : all-data : BTS - Frozen / Bitcoins, on Bitstamps ; 10-Days: http://tinyurl.com/bts-10d : 6-mos : 12-mos : 24-mos : 32-MOS ================== (this chart and comment is from 2 weeks ago): GLD / Gold : 5-yrs : 3-yrs : 2-yrs : 12-mos / 10d // Last: $107.93 : Gold: $1133.6 : The Gold market now is deeply oversold, and the end of the year is often a Turning point. But there's no guarantee this will be the bottom (again, like last year was) === > Main BTC thread : http://www.greenenergyinvestors.com/index.php?showtopic=10568 Crypto Market Caps : https://coinmarketcap.com Crypto Trading ------ : https://www.bitmex.com/ Bitcoin technicals---- : http://www.newsbtc.com/author/sarahjenn/
  4. COVERED BTC short at $19,123, and Bought ETH at $1,004 Is this the End or the Beginning of the Crypto Meltdown Why MicroStrategy Did Not Receive A Margin Call Even Though Bitcoin Fell Below $21,000 MicroStrategy bought vast amounts of Bitcoin using a combination of debt and cash since 2020. Their average price of holding is $30,700, and now the price of Bitcoin is $20,443. But despite that, they have not yet faced margin calls. The company has been buying Bitcoin since 2020 using a combination of debt and cash. In March 2022, MicroStrategy took a $205 million loan from Silvergate Bank to buy BTC. The interest-only loan was given to MacroStrategy LLC, a subsidiary of MicroStrategy, which is listed on the Nasdaq stock exchange, New York, and was secured by BTC as collateral. The company had 129,218 BTC at an average price of $30,700 as on March 31, 2022. > https://www.outlookindia.com/business/why-microstrategy-did-not-receive-a-margin-call-even-though-bitcoin-fell-below-21-000-news-203130
  5. Revisiting RGLD - Long term charts Since 1995 : Last: $108 Since xx yy
  6. Gold Mining Royalty Companies RGLD, GROY, FNV and other top Gold Royalty co's RGLD .vs-etc: 5yr: 2yr: 1yr: 10d: / ... (/$59.78 UGL)... w/EMX vs: FNV: $130.62 (219%), RGLD: $102.25 (171%), NSR.t: $8.60 (14.4%), OR.t: $14.58 (24.4%), EMX.t: $2.73 (4.57%),  RGLD ... All: 10yr: 5yr: 2yr: 1yr: 10d: vs-etc: Last: $102.25, -20.2% below peak / 12 mo Range: 92.01-129.69 RGLD to UGL, 5yr: "Normal Range": 1.60 to 2.00, Last: 1.71 FNV / Franco has been a massive outperformer in the L.T. Royalty Co.-: Sym. : F/X : 04/20 : MktCap : BkVal. : P/BV : P/CF : CaFlow > CF '18 : P/CF Abitibi Roy'l : RZZ.v: CAD : $10.06 : 114.7M : $2.98 : 3.377 : 52.95 : $0.190 > $0.28 : 35.9 Franco Nev. : FNV.t : CAD : $90.77 : 16.88B : 32.05 : 2.832 : 26.89 : $3.376 : WheatonPM : WPM : USD : $21.31 : $9.60B : 11.06 : 1.926 : 17.50 : $1.218 : Royal Gold- : RGLD : USD : $89.46 : $5.86B : 34.50 : 2.593 : 20.29 : $4.409 : Osisko Gold- : OR.t : CAD : $12.58 : $1.97B : 12.13 : 1.037 : 33.04 : $0.381 : Sandstorm- : SSL.t : CAD : $05.91 : 1,090M : $4.49 : 1.316 : 18.21 : $0.325 : Altius Min'l : ALS.t : CAD : $14.19 : 613.2M : $7.98 : 1.779 : 37.46 : $0.379 : =========== Average Price-to-Cash Flow for 6 co's (not RZZ): 25.56X . . > Apr'18 RZZ Presentation : http://abitibiroyalties.com/investors/presentations/rzz-presentation-april2018-web.pdf
  7. KGC Reduced the Price (from $680M > $340M), but got Cash... the "hit" is $340m/ 838M shs= $0.405/ KGC share Kinross completes sale of its gold assets in Russia for (just) $340 million Vladimir Basov Wednesday June 15, 2022 (Kitco News) - Kinross Gold (TSX: K) announced today that it has completed the sale of 100% of its Russian assets to the Highland Gold Mining group of companies for total consideration of $340 million in cash. Kinross said it has received $300 million in U.S. denominated cash in its corporate account and will receive a deferred payment of $40 million on the one-year anniversary of closing. The company added that as disclosed on April 5, 2022, the previously agreed total consideration for the transaction was $680 million, which included a payment of $100 million upon closing, with the remaining $580 million scheduled to be received in annual payments from 2023 through to 2027. However, according to the company's statement, the transaction consideration was adjusted by the parties following review by the recently formed Russian Sub-commission on the Control of Foreign Investments, which approved this transaction for a purchase price not exceeding $340 million. Kinross also noted that with the approval and completion of the sale, the company has divested all of its interests in Russia and has no further obligations or liabilities in the country. "After the completed divestment of our Russian business, Kinross' rebalanced portfolio maintains a substantial production outlook anchored by its two tier one assets – Tasiast and Paracatu – as well as a strong portfolio of mines in the Americas, a growing business in Chile, and the large, world-class Great Bear project in Canada," said President and CEO J. Paul Rollinson.
  8. Major gold miners: GDX, GOLD, NEM etc: 56% UGL (2x Gold) Barrick Gold looks relatively cheap, in July 2021 / Link: tiny-/gdxnem : live GOLD, Gdx: Jr: UGL: Apx: Cyc: stockcharts RATIO charts TPRFF (GCM.t)/ Gold vs UGL: 2yr: from Nov.2019: w/RGLD: YTD: 10d: $5.08/ $18.75= 27.1% /$57.90= 8.77% GDX vs SPY etc. update: GDX: $38.28 / SPY:$451 = ratio 8.5% GOLD ... 4yr: 2yr: YTD: 10d / Last $18.75 +0.13. Barrick Gold's 36 cent Div provides 1.92% Yield GOLD Barrick vs UGL .. update: fr.2020: $18.37 / $58.26, UGL: r-31.5% / $31.09, GDX: r-00%, Yield: 1.96%, PER: 16.5 Ratio: $18.37 / $58.26, UGL: r-31.5% Ratio: $18.37 / $31.09, GDX: r-59.1% == GOLD : All-log: 10yrL: 10yr: 5yr: / Gold: $21.13 -- NEM: All-log: 10yrL: 10yr: 5yr: / Gold: $63.98 RATIO: GOLD to NEM: 33% or 1/3 of NEM price : chart: Ratio: GDX to GLD: about 20% : chart Ratio: LIKE CLOCKWORK! Buy at 52%, Sell at 60%+ DATA: GOLD vs. UGL (2x$Gold) +GOLD, NEM: “B:52%, S:60%+” Date : GLD : UGL : %Ugl : Gold , %-Ugl : NEM, %-Ugl: G/nem 08.30: 32.17: 59.45: 54.1%: 19.81, 33.3%: 57.51: 96.7.%; 34.4% 07.30: 34.92: 59.92: 58.3%: 21.77, 36.3%: 62.82: 105.%; 34.7% 6/ ’21: 33.98: 57.22: 59.4%: 20.68, 36.1%: 63.38: 111.%: 32.6% Ye’20: 36.02: 68.20: 52.8%: 22.78, 33.4%: 59.89: 87.8%: 38.0% 6/’20: 36.68: 64.83: 56.6%: 26.94, 41.6%: 61.74: 95.2%: 43.6% Ye’19. 29.28: 49.05: 59.7%: 18.59, 37.8%: 43.45: 88.6%: 42.8% Ye’18: 21.09: 37.41: 56.4%: 13.54, 36.2%: 34.65: 92.6%: 39.1% Ye’17: 23.24: 40.67: 57.1%: 14.47, 35.6%: 37.52: 92.3%: 38.6% 4yrE : ===== 48.84: 295.% ====: 35.8%: ==== : 90.3%: 39.6% Websites: GOLD: NEM: GDX ... UGL is Key. Correlation is High ! But swings are bigger, with AGQ-Silver-2X UGL ($57.82) etc: fr. 1.2020: YTD: 10d: GDX: 31.50, 54.5%%, AGQ: 37.18, 64.3% AGQ-to UGL Ratio: AGQ: 37.18, /UGL ($57.82) = 64.3% Neither GOLD nor GDX has kept up with NEM/ Newmont Gold Barrick GOLD, etc ... update: w/RGLD, 10d/ $24.54 / GDX: $38.72 = 63.4%, NEM: $78.95, is r-2.04x GDX Ratio: GOLD to GDX: $24.54 / GDX: $38.72 = 63.4%, peak 68.9% ===
  9. THE BUBBLE Debate: Is there a Bubble in PH Property? At least one big media company (CNN Philippines) says: NO! What bubble? Analysts see sunny property sector By Paolo Taruc, CNN Philippines / Nov. 6, 2015 (CNN Philippines) — Despite fears of a growing real estate bubble, some analysts believe that the Philippine economy can rest easy for now. If anything, the property sector can look forward to more expansion — especially in cities. "There is no truth to the rumor that there is going to be a real estate bubble," said Board of Real Estate Service Chairman Eduardo Ong during this year's Asia Real Estate Summit. "We are in the midst of an urban revolution," explained Jeremy Kelly, director for global research of real estate services firm Jones Lang LaSalle (JLL). "[C]ities have become the heartbeat of the word... land and real estate are the heartbeat of cities." Related: Philippines has most resilient economy – study JLL's 2014 Global300 index reports that cities in the list account for roughly 40% of the world's gross domestic product (GDP). Over half of the total commercial real estate investment in the list landed in it's top 30 cities. That's good news for Metro Manila, which joined JLL's Top30 list in 2014. The firm said that such is symptomatic of a "steady shift in the balance of real estate activity towards the Asia Pacific region." Rising star Kelly noted that in 2010, Metro Manila ranked 28th in the world in terms of city GDP. He predicts the metropolis to rise to the 25th spot in 2020, and the 18th spot in 2030. "Real estate will play a key role in [Metro] Manila's success, and will be a driver of its success." He also pointed out that the market has one of the highest rates of absorption among its Asian peers, and is one of the most affordable in the world. Nevertheless, his praise comes with a caveat: Kelly stressed the need for the metropolis to adopt its own "foreign policy." "[Metro] Manila needs to assert its position more forcibly on the global stage," he said. Growing IT sector "Cities that are successful are specialists in certain areas," Kelly said. The analyst believes that much potential lies in Metro Manila's information technology (IT) sector. "Its economy is far more geared towards IT than its regional peers." In a Tech-Rich Cities index, Kelly pointed out that Metro Manila ranked 10th in the world from the first quarter of 2014 to the first quarter of 2015, above other cities such as San Diego, Osaka, Munich, and Beijing. Likewise, he has also noted the increasing role of the city mayor in a locale's development. "We are in the age of the city mayor." Kelly believes that a good mayor can be a catalyst of a city's success, granted that the politician is practical and closer to problems. Although urban planning poses immense benefits to a city, Kelly said that it can also go too far. He believes that cities should also allow room for organic growth, lest they lose their character and identity. "Over-planned cities lack a soul." === > http://cnnphilippines.com/business/2015/05/22/sunny-ph-real-estate-2015.html#.VV7KecmH0T8.twitter Well, that was written in late 2015, before Colliers reported a 1.6% drop in Rents, for 3BR flats in Makati in Q1-2016/
  10. COPPER ... All data: Last at 6.17.22: $4.01, -20.4% down from $5.04 peak - mid-2022 Update Copper Stock UPTREND being Tested FCX / Freeport Cu & Gold ... 5yr: 2yr: 1yr: 10d/ Last:$34.41 -0.4603 (-1.32%) , closed at $33.82 FCX etc.. 1yr: YTD: 6mo: fr. 2.14.2020: Jan.2018 / FCX: $33.82, vs.C$ stocks: KDK $1.10, IVN $8.47, HBM $6.20
  11. CYCLES : Copper & Zinc minersCopper mining Co's > http://www.miningfeeds.com/copper-mining-report-canada COPPER ... All data: Last at 6.17.22: $4.01, -20.4% down from $5.04 peak - mid-2022 Update CYCLE in FCX & Copper.. all: 5yr: fr.11/2015 / OLD comment: usually 7-9 mo's, recently bottomed; end March 2020, Peaking? Or Breaking out? Previous: " ...recently bottomed; end Aug. 2019" FCX is more volatile... so the cycle highs and lows may be easier to spot CU, FCX & TMV (Bear on Bonds) ... fr. 9/2015 : 10d / Last: Cu:$2.59, FCX:$10.47, TMV:$10.73 COPPER Copper Continuous Contract (NYM) update / Last: $2.55 Teck.a- CS.t- FCX ... 2-yr / == Southern Copper Corporation The stock of Southern Copper (SCCO) broke sharply higher several times throughout 2017. The shares finished that year on an even stronger note, rising more than 12.5% in the month of December alone. Since hitting an all-time high above $58 in April 2018, the stock has declined to a low in January 2019, falling briefly below $30.00 before steadily climbing back to $41.85 per share. The company continues to pay a 3.88% dividend, which could be attractive to income-seeking investors. Average Volume: 1,079,390 Market Cap: $32.36 billion P/E Ratio (TTM): 32.13 EPS (TTM): $1.29 Dividend and Yield: $1.60 (3.88%) Freeport-McMoRan Inc. As the world's largest copper miner, Freeport-McMoRan (FCX) suffers during copper price declines, but it stands to prosper if copper recover. True to form, Freeport shares posted dramatic gains in December 2017, rising 36% over the course of the month as the outlook for copper pricing improved. That strong performance demonstrated that Freeport is in the best position worldwide to increase production and take advantage of profitable copper prices, and it even allowed the company to resume its dividend. However, the recent copper price declines have had a harsh impact on the stock. By January 2019 the stock fell to below $10 per share, before rising to its current price of $14.25. Average Volume: 21,442,018 Market Cap: $20.66 billion P/E Ratio (TTM): 6.44 EPS (TTM): $1.98 Dividend and Yield: $0.20 (1.41%) BHP Billiton Limited BHP Billiton (BHP) has a widely diversified mining operation, but it makes the list of copper stocks to watch because it owns BH Copper. The stock began to climb steadily starting in mid-June 2017, and after essentially moving sideways for a few months, it ticked sharply upward at the end of the year along with its industry peers. BHP Billiton shares have participated in the bout of market volatility starting in February 2018 that persisted through December of that year. 2019 so far has been a good year for the stock as it has risen from below $45 to its current price of $55 per share. BHP's diversified operations may help insulate the stock from the risk of additional downside in copper prices. Average Volume: 2,648,004 Market Cap: $139.08 billion P/E Ratio (TTM): 34.32 EPS (TTM): $1.39 Dividend and Yield: $2.52 (3.97%) Anglo American plc This company mines for a variety of metals, including copper. The chart on Anglo American (AAUKF/AAL.L) shows a steady and orderly rise throughout most of 2016, but the stock was in a base through the first part of 2017. It broke out of that base in June and began climbing, ending the year with strong gains. More recently, the stock has seen plenty of volatility but failed to post significant gains, reaching a 52-week high at the time in May 2018 before erasing its gains for the year as copper prices went south. 2019 has seen the stock recover, hitting a new 52-week high of $28.81 per share in April. The company has been in business since 1917, so this remains a reliable pick for those who want exposure to miners in general and copper in particular. Average Volume (AAL.L): 5,587,387 Market Cap: GBp 20.762 billion P/E Ratio (TTM): 6.93 EPS (TTM): GBp 236 Dividend and Yield: GBp 0.77 (4.59%) Rio Tinto plc Rio Tinto (RIO) pays a 14.1% dividend due to a special dividend announced for the Spring of 2019. Production levels have been rising, although the stock price has posted significant declines recently along with the downturn in copper prices. The company mines other metals besides copper, which helps stabilize the stock price because Rio Tinto is not dependent on the price of any single metal for profitability. The stock slumped through the end of 2018 but has rallied into 2019, making a new 52-week high in April. Average Volume: 3,158,298 Market Cap: $102.45 billion P/E Ratio (TTM): 8.78 EPS (TTM): $5.55 Dividend and Yield: $2.54 (14.1%) FCX vs Copper, CS.t ... update === Basic Data Points Company Ticker Volume Northern Dynasty Minerals Ltd. NDM.TO 324,888 Polymet Mining Corp. POM.TO 155,274 Cantex Mine Development Corp. CD.V 170,018 Taseko Mines Ltd. TKO.TO 132,036 ==== Top 10 active copper mines in Canada | (from one of those brief copper rallies): Canadian companies such as Hudbay Minerals Inc. (up 52.61 per cent year-to-date), Imperial Metals Corp. (up 71.88 per cent), Taseko Mines Ltd. (up 10 per cent) and Capstone Mining Corp. (up 6.5 per cent) are among some of the major copper producers riding the latest copper rally. Brain Bergot, vice-president investor relations at Taseko, which owns 75 per cent of B.C.’s Gibraltar Mine, says he’s optimistic about an industry readjustment, fuelled by shrinking copper supply and a sliding loonie. But he’s concerned about China’s economic slowdown. > source https://www.miningandenergy.ca › mines › article › top_active_copper_mi... Mar 21, 2019 - Canada is one of the world's major copper producers, with the highest concentration of the metal being sourced in Ontario and B.C. Most ... 4 Canadian Copper Stocks Set to Shine in 2019 - SmallCapPower https://smallcappower.com › Analyst Articles Mar 5, 2019 - 4 Canadian Copper Stocks Set to Shine in 2019. Ero Copper Corp. ( TSX:ERO) – $17.06. Copper. Taseko Mines Limited (TSX:TKO) – $0.90. Copper. Bell Copper Corporation (TSXV:BCU) – $0.115. Copper. Crown Mining Corp. ( TSXV:CWM) – $0.12. Copper.
  12. Bill Gates on crypto and NFTs: '100% greater fool theory' Anna Golubova Thursday June 16, 2022 (Kitco News) As crypto investors watched their market dramatically crash this week, Microsoft co-founder Bill Gates compared NFTs (non-fungible tokens) to "greater fool theory." Here's what he meant. Digital assets like NFTs are "100% based on the sort of greater fool theory that someone is going to pay more for it than I do," Gates said during a TechCrunch conference this week. The Microsoft co-founder was replying to the question on cryptos when he made fun of the Bored Ape Yacht Club - a collection of non-fungible tokens built on the Ethereum blockchain. The collection consists of profile pictures of cartoon apes generated by an algorithm, which have been known to sell for a very hefty price tag. However, following the crypto crash, the lowest price for a Bored Ape Yacht Club NFT has fallen to below $100,000 — the first time since August 2021, according to NFT Price Floor. -- > MORE: https://www.kitco.com/news/2022-06-16/Bill-Gates-on-crypto-and-NFTs-100-greater-fool-theory.html
  13. NFTs / Non-Fungible Tokens Top 3 - TKAT is on the list of NFT related stocks TKAT / Takung Art Co. Ltd. (ASE) ... update: Last: 2.49 ??? / yy ... update: Last: x ??? / zz ... update: Last: x What is Teeka’s Number 1 Stock for the NFT Boom? Not everyone wants to buy NFTs or get involved in NFT projects. That’s why Teeka recommends a “pick and shovel play,” where you buy shares of a publicly-traded company that could rise as NFTs take off. ...Although we can’t disclose the name of the stock upfront, the stock has the following benefits: Teeka describes the stock as a “pick and shovel play;” instead of seeking it rich in the gold rush by searching for gold ore, you’re playing it safe by selling things miners need, including picks and shovels During the internet boom of the 1990s, some of the biggest gains came from picks and shovels plays > https://www.rentonreporter.com/national-marketplace/teeka-tiwari-palm-beach-letter-review-must-see-nft-craze-picks/
  14. IVQ / Invesque Inc. ... update: Last: C$1.65 === T:IVQ.DB.V - INVESQUE INC 6.00 PCT DEBS USD > can be redeemed w/shares values at 95% IVQ.DB.V - T 40.0 81.00 · 82.75 39.0 81.00 T:IVQ.DB.U - INVESQUE INC 5.00 PCT DEBS USD (raised to 7%??) IVQ.DB.U - T 3.0 67.01 · 74.00 11.0 75.00 === On November 15, 2021, a meeting of holders of the 2016 Convertible Debentures was held whereby the holders of2016 Convertible Debentures ("2016 Debentureholders") approved proposed amendments to the 2016 ConvertibleDebentures. The approved amendments include the following changes to the 2016 Convertible Debentures:1. Increase the interest rate from 5.00% to 7.00%, effective January 31, 2022.2. Decrease the conversion price from $11.00 to $5.00 per share.3. Extension of the maturity date from January 31, 2022 to January 31, 2025.4. Approval of the redemption of $20,000 of the principal amount of the 2016 Co.. 2018 Convertible DebenturesOn August 24, 2018, the Company issued $50,000 aggregate principal amount of convertible unsecured subordinateddebentures (the "2018 Convertible Debentures"). The 2018 Convertible Debentures are due on September 30, 2023and bear interest at an annual rate of 6.00% payable semi-annually in arrears on March 31 and September 30 of eachyear commencing on March 31, 2019. The 2018 Convertible Debentures are convertible into common shares of the Company at the option of the holder at aconversion price of $10.70 per common share. The debentures will not be redeemable prior to September 30, 2021.(delete?: On or after September 30, 2021, and prior to September 30, 2022, the 2018 Convertible Debentures may be redeemedin whole or in part from time to time at the Company’s option, at a price equal to their principal amount plus accruedand unpaid interest, provided that the volume weighted average trading price of the common shares on the TorontoStock Exchange for the 20 consecutive trading days preceding the date on which the notice of redemption is given isnot less than 125% of the conversion price.) On or after September 30, 2022, and prior to the maturity date, the 2018Convertible Debentures may be redeemed by the Company, in whole at any time or in part from time to time, at aprice equal to the principal amount thereof plus accrued and unpaid interest. Upon redemption or maturity, the Company may satisfy its obligations with respect to the convertible debentures incash or the issuance of common shares based on 95% of the Current Market Price...
  15. Canadian Convertible Debenture Market: list: 1: 2: 3: 4: 5: CVD, CXD.t / Conv. Debt Indecies ... update : 10d : @ 02/12: $18.55 (18.32) / C10.31 (9.89) : r-179.9%, (prev.r185.2%) CXF.t is? CI First Asset Canadian Convertible Bond ETF CXF.to ... 10-year: 5yr: 1yr / CXF: C$10.31, Div.C$0.48 = Yield: 4.66% / CVD: $18.55, Div.$0.833 = Yield 4.49% AUG. 2019 Risk ——: UnderV / Company — : Coupon : Maturity : Db.Price : Y.T.M.: u/l price: conv. : Pct. : Y xPct: Lower: ARE.DB.C : 6.05% / Aecon Group : 5.00% : 31-Dec-23 : $105.10 : 3.71%: $18.49: $24.00: 77.0% : r2.86 Mod. : AD.DB : 9.53% / Alaris Royalty: 5.50% : 30-Jun-24 : $ 95.75 : 6.54%: $19.33: $24.25: 79.7% : r5.21 EIF.DB.K. : 7.85% / Exch.Inc.Corp: 5.75% : 31-Mar-26 : $100.24: 5.70%: $38.50: $49.00: 78.6% : r4.48 EIF.DB.J : 5.37% / Exch.Inc.Corp: 5.35% : 30-Jun-25 : $100.25 : 5.30%: $38.50: $49.00: 78.6% : r4.17 higher : CHE.db.D : 6.89% / Chemtr.Logist: 4.75% : 31-May-24: $ 91.95 : 6.54%: $10.73: $26.70: 40.2% : r2.63 SGY.db. : 3.41% / Surge Energy : 5.75% : 31-Dec-22 : $ 93.49 : 8.01%: $01.10: $02.75: 40.0% : r3.20 CF.db.A : -0.96%/ Cana. Genuity: 6.25% : 31-Dec-23 : $101.99 : 5.72%: $05.01: $10.00: 50.1% : r3.13 WILD.db : 30.4% / Wild Brain : 5.88% : 30-Sep-24 : $ 72.00 : 13.7%: $01.69: $08.00: 21.1% : r2.89 MOGO.db: 10.9% / MogoFinance : 10.0% : 06-Jun-20 : $ 95.50 : 16.4% : $04.04: $05.00: 80.8% : r13.3 FIRE.db : 23.6% / SupremeCana: 6.00%: 19-Oct-21 : $ 85.00 : 14.4% : $01.38 : $02.45: 56.3% : r8.11 ===== Underlying shares (of discounted Debs) / chart #1-eif, #2-mogo, #3-wild : 1/ EIF-etc. : fr. Jun.2017 : 10d : @ 02/12: $44.91, are: $17.97, ad: $23.20, che: $8.77 , R:eif/ad: r-1.94 2/ MOGO etc, fr. Jun.2017 : @ 02/12: $2.585, sgy: $1.01, fire: $0.405, che: $8.77 , R:mo/fi: r-6.38 3/ WILD (ex.DHX) -etc. from 1.1.2016 : Jun.2017 : MHIVF= Us quote for: Invesque : IVQ.DB.V - IVQ.U = : BCV-etc ... Update : 10d : $21.59 w/ 4.63% yield ($1.00 div.?) - BCV is a us convertible fund (shows how cv bonds are performing) Exploiting Opportunities in an Overlooked Asset Class Published by Paul Borisoff on May 18, 2017 Convertible Debentures can provide extremely attractive risk/return opportunities for investors The Canadian Convertible Debenture market in particular is one of our favorite “asset classes” in which to hunt for compelling investment opportunities for our discretionary Diversified Income Portfolio which is currently ~ 36% exposed to this area. A convertible debenture is a hybrid security which has some of the features of both bonds and equities. It is essentially an issuer unsecured debt obligation which comes with a set maturity date, maturity value, and a built-in conversion option to equity that can provide significant upside potential. A convertible debenture is almost always a safer way for an investor to be exposed to a particular company compared to buying its common or preferred shares directly. However, if you do not like the nature of a firm’s business (i.e. a highly cyclical resource issuer), the state of the firm’s balance sheet, or have questions about the firm’s expected profitability, overall direction and/or management quality should probably stay away from its convertible debentures as well. You will often see the terms convertible bond and convertible debenture used interchangeably – with the distinction being that some convertible bonds are secured debt obligations but most convertible debentures issued in Canada are not secured. To further confuse matters “debentures” often have different definitions in different countries - i.e. U.K. issued debentures are usually secured1 while in the U.S. debentures refer specifically to an unsecured corporate bond2. With any investment it is important to understand what you are buying, how it works and what a reasonable return expectation is for the investment under a variety of scenarios. It is important to have an appreciation of the issuer’s financial stability. Complicating matters for investors researching convertible debenture opportunities in Canada is the fact that most issues are not rated by any credit rating agencies. The risk profile of individual convertible debentures varies greatly as they are regularly issued from a wide range of companies - from very small micro-cap “start-ups” right up to large, multi-billion dollar firms. Only investors that are comfortable picking their own stocks should consider buying their own convertible debentures. Convertible debentures are not a “guaranteed investment” like a GIC which has CDIC coverage. They are however safer than buying the issuing company’s common shares or preferred shares. > More: http://borisoffcoxwealth.com/blog/2419607-The-Canadian-Convertible-Debenture-Market--Exploiting-Opportunities-in-an-Overlooked-Asset-Class OTHER Info sources: Felix Choo, CFA at : https://convertibledebentures.blogspot.ca/. / List : peanut-power-rankings.html Divestor -------------- : http://divestor.com/?p=7523 Finl Post Prices -- : http://business.financialpost.com/markets Canadian REITS - : https://en.wikipedia.org/wiki/List_of_REITs_in_Canada BCV / Bancroft --- : http://gabelli.com/Gab_pdf/finan/-123.pdf : Calamos Cv. Holdings : Portfolios : List- All- 9/2018 - : DB-1 : DB-2 : DB-3 : DB-all :
  16. WILD / Q3 2022 Financial Highlights Financial Highlights1 (in millions of Cdn$) Three Months ended March 31, Nine Months ended March 31, 2022 2021 2022 2021 Revenue $129.5 $102.2 $395.2 $339.9 Gross Margin $63.7 $43.9 $178.9 $148.9 Gross Margin (%) 49% 43% 45% 44% Adjusted EBITDA attributable to WildBrain $30.2 $17.2 $77.3 $63.9 Net Income (Loss) attributable to WildBrain $21.3 $(26.5) $4.5 $(18.5) Basic Earnings (Loss) per Share $0.12 $(0.15) $0.03 $(0.11) Cash Provided by Operating Activities $39.7 $22.1 $39.6 $83.0 Free Cash Flow $8.1 $(3.3) $(12.7) $17.6 In Q3 2022, revenue grew 27% to $129.5 million, compared with $102.2 million in the prior year, reflecting growth across all our content-driven businesses in Content Production and Distribution, Spark and Consumer Products. YTD 2022 revenue increased 16% to $395.2 million, compared to $339.9 million in YTD 2021.
  17. Newbie Stock trading - to gain Mastery / I put on display here, some of the Tools I use, using Real time investing ideas - warts & all / I am going to work with some New stock traders, who (eventually) want to gain mastery of stock trading. We will start small, and with a specific stock focus - & maintain some regular communication via a Viber chat, to be set up. In developing this program, I have a plan for how I will teach trading & investing... based on some ideas about training programs from a friend who has trained many new people in a business he runs. From conversations about how he trains people, I learned his Rules, which I will call MB's Training Rules. - Summarized as follows: MB’s method (of teaching a useful skill) include these phases: The TRAINEE must agree to: 1. Follow instructions, starting with small projects 2. Monitor results & quality (Asking relevant questions along the way) 3. Makes notes on what is being learned 4. Take responsibility for the quality & results of his/her projects 5. Gain confidence by accepting praise & criticism (Gains & Losses) 6. Repeat with larger & larger projects, until full mastery is gained. ==== (I think these Rules can be applied to stock trading as with any other useful skill to be mastered.)
  18. WILD has caught up with DISNEY on the Four Year chart, after years of weakness Disney embraced fully Woke politics and that has not helped WILD: 5yr: 1yr: 10d / Last : C$2.45 = per 27.3x WILD vs DIS ... from 6.12.18: 5yr: 4yr: 2yr: 1yr: 10d / Last : C$2.45 = per 27.3x / $94.28 = 2.60% Ratio: C$2.45 = per 27.3x / $94.28 = 2.60%
  19. GCM Mining increases gold production in May, declares monthly dividend Vladimir Basov.Thursday June 16, 2022 (Kitco News) - On Thursday, Latin America-focused gold miner GCM Mining (TSX: GCM) announced that its Segovia Operations in Colombia produced 18,507 ounces of gold in May 2022, up from 17,936 ounces mined in May last year. The company said that the total gold production for the first five months of 2022 is 86,779 ounces, up from 84,467 ounces in the first five months last year, adding that its trailing 12-months’ total gold production at the end of May 2022 was 208,701 ounces, up about 1% over 2021. The company’s payable production from the concentrates in May 2022 is estimated to total approximately 114,000 pounds of zinc, 124,000 pounds of lead, 9,500 ounces of silver and less than 50 ounces of gold. Importantly, GCM Mining noted that expansion of the company’s processing plant at Segovia to 2,000 tonnes per day is nearing completion and is expected to be finished in July. The company also said it is on track to meet its annual production guidance for 2022 of between 210,000 and 225,000 ounces of gold.
  20. GCM Mining Provides Annual Update To Segovia's Mineral Resource And Reserve Estimates 2022-03-24 11:28 ET - News Release TORONTO, March 24, 2022 (GLOBE NEWSWIRE) -- GCM Mining Corp. ("GCM Mining" or the "Company") (TSX: GCM, OTCQX: TPRFF) announced today that it has completed updated Mineral Resource and Mineral Reserve estimates for its Segovia Operations prepared in accordance with the Canadian Institute of Mining Metallurgy and Petroleum ("CIM") Definition Standards incorporated by reference in National Instrument 43-101 ("NI 43-101") with an effective date of December 31, 2021. Highlights of the updated Mineral Resource Estimate as of December 31, 2021 (the "2021 MRE") include: Total Measured & Indicated Resources increased to 4.6 million tonnes at a grade of 11.0 g/t totalling 1.62 million ounces of gold, up 14% from last year. Total Inferred Resources increased to 5.3 million tonnes at a grade of 9.9 g/t totalling 1.70 million ounces of gold, up 41% compared to last year. The Company more than replaced the Mineral Resources it mined in 2021 representing the sixth consecutive year that it has, at a minimum, replaced the Mineral Resources mined at its Segovia Operations. El Silencio and Sandra K were the primary areas of growth within the 2021 MRE. The 2021 MRE continues to reaffirm confidence in the high-grade nature of the Segovia gold deposits which have been in continuous operation for more than 100 years. The brownfield exploration program, which focused on exploration for new resources at the brownfield exploration targets on the 24 veins within the Segovia mining title that are not currently in production, yielded its first addition in the 2021 MRE with inferred resources reported at the Vera Project.
  21. DESANTIS AS PRESIDENT? Yes, please, say many. But 2024 may be too soon. The DC swamp is too messy, and Florida needs a generations Fix, to assure its future. "... at this point in the age of our republic, there is no “fixing” our federal institutions. They are irreparably broken, and they continue to grow like weeds. Instead, these institutions need to be uprooted, destroyed, and disbanded forever. That is only possible through a decentralized bottom-up movement. The culture needs to change. The money needs to change. The institutions need to change. Very few of these objectives can be accomplished by the man in the White House." xxx > https://dossier.substack.com/p/should-ron-desantis-run-for-president?s=r
  22. Trump as Kingmaker, but not as King in 2024 might be a great formula.... Trump's ideas, policies and campaign, without his divisive personality at center-stage Maybe a Ron Desantis / Kristi Noem ticket would be a dream and a sure winner Trump is taking over the GOP in any case.... Trump Used A-Bomb In His Battle With Impeachment Republicans – Lunch Alert! Trump doesn't want his brand and fund-raising power to be used to support any who called for his impeachment. All the GOP knows they have no chance without Trump's fund-raising ability > more:
  23. Gaming Startup Promised Riches and Delivered Disaster Axie Infinity’s vision of a “play-to-earn” video game has crumbled, and the company behind it now tells the players who bought into the hype it was never about the money, anyway. > https://www.bloomberg.com/news/features/2022-06-10/axie-infinity-axs-crypto-game-promised-nft-riches-gave-ruin LOL. They thought it was a JOB. hahaha. Fantasy has replaced reality Even many Axie regulars say it’s not much fun, but that hasn’t stopped people from dedicating hours to researching strategies, haunting Axie-themed Discord channels and Reddit forums, and paying for specialized software that helps them build stronger teams. Armentia, who’s poured about $40,000 into his habit since last August, professes to like the game, but he also makes it clear that recreation was never his goal. “I was actually hoping that it could become my full-time job,” he says. WHO came up with this Game? Axie’s creator, a startup called Sky Mavis Inc., heralded all this as a new kind of economic phenomenon: the “play-to-earn” video game. “We believe in a world future where work and play become one,” it said in a mission statement on its website. “We believe in empowering our players and giving them economic opportunities. Welcome to our revolution.” By last October the company, founded in Ho Chi Minh City, Vietnam, four years ago by a group of Asian, European, and American entrepreneurs, had raised more than $160 million from investors including the venture capital firm Andreessen Horowitz and the crypto-focused firm Paradigm, at a peak valuation of about $3 billion. That same month, Axie Infinity crossed 2 million daily users, according to Sky Mavis.
  24. Mega-Bullish on Gold /#2 (and Gold shares) UGL wCrb: YTD: w/GDX: GLD-1yr: UGL 10d: GLD: GDX 10d. - - - "wake up and smell the coffee" - - - GBS/Gold Update: ALL: 5yr: to 6.15.22 ALL: 5yr: 6.15.22 Orig.Post: Gold is now very cheap vs. CRB too - see above: down -63.6% from 16.16x to 5.89x CRB (as Oil etc, rose)
  25. Take the SKYTRAIN to BGC (someday) ? "SKYTRAIN" is a Megaworld / Andrew Tan project which is intended to connect Guadelupe station on the MRT to Upper BGC. I am reading that it may be close to approval. There are talks with Ayala too, about connecting it all the way to Makati's CBD. Billionaire Tan offers to build Guadalupe-BGC 'Skytrain' MANILA - Billionaire Andrew Tan is diversifying into infrastructure and has proposed to build a 2-kilometer "Skytrain" monorail in one of the capital's financial centers, his holding firm said Wednesday. The new company, INFRACORP, submitted to government this week an unsolicited proposal for the monorail, which will connect the MRT Guadalupe Station to Tan's own Uptown Bonifacio development in Bonifacio Global City, Alliance Global told the stock exchange. The Skytrain, which will be at no cost to the government, will serve 60,000 to 100,000 passengers daily, according to the disclosure. "Given the country’s strong and stable economy, we see a huge opportunity to invest in infrastructure. We are excited to participate and optimistic about the government’s aggressive push for infrastructure developments," said Alliance Global executive director and INFRACORP president Kevin Tan. http://news.abs-cbn.com/business/10/...e-bgc-skytrain __________________ RELATED LINKS > SSC / Skytrain : http://www.skyscrapercity.com/showthread.php?t=2036524 > Arts Residence: UPTOWN BONIFACIO | Uptown Arts Residence [46F|res|pro] > JPMorgan Twr: UPTOWN BONIFACIO | JP Morgan Chase Tower [25F|ofc]
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