drbubb

Oil rallied back to a logical "Stall point" USO /US Oil etf ... 5-yrs-Log : Last: $12.23 -0.21 WTI Crude

Energy-related shares are getting body-slammed today OIH : $16.97 -0.78, -4.40% USO : $12.17 -0.27, -2.17% BPT : $26.16 -1.01, -3.72% CNQ : $27.58 -0.87, -3.06% Uranium-related is down too: CCJ : $11.78 -0.33, -2.73% URA : $12.36 -0.27, -2.14% U.t - : $ 4.54 -0.10, -2.16% Coal too BTU : $29.45 -0.56, -1.87% ===> in edit: Here's what we saw after the Friday close OIH : $16.95 -0.80, -4.50% USO : $12.23 -0.21, -1.70% XLE : $65.47 -1.82, -2.70%... update ==

Energy-related shares are getting body-slammed today OIH : $16.97 -0.78, -4.40% USO : $12.17 -0.27, -2.17% BPT : $26.16 -1.01, -3.72% CNQ : $27.58 -0.87, -3.06% Uranium-related is down too: CCJ : $11.78 -0.33, -2.73% URA : $12.36 -0.27, -2.14% U.t - : $ 4.54 -0.10, -2.16% Coal too BTU : $29.45 -0.56, -1.87% ===> in edit: Here's what we saw after the Friday close OIH : $16.95 -0.80, -4.50% USO : $12.23 -0.21, -1.70% XLE : $65.47 -1.82, -2.70%... update ==

Energy-related shares are getting body-slammed today OIH : $16.97 -0.78, -4.40% USO : $12.17 -0.27, -2.17% BPT : $26.16 -1.01, -3.72% CNQ : $27.58 -0.87, -3.06% Uranium-related is down too: CCJ : $11.78 -0.33, -2.73% URA : $12.36 -0.27, -2.14% U.t - : $ 4.54 -0.10, -2.16% Coal too BTU : $29.45 -0.56, -1.87% ===> in edit: Here's what we saw after the Friday close OIH : $16.95 -0.80, -4.50% USO : $12.23 -0.21, -1.70% XLE : $65.47 -1.82, -2.70%... update ==

PERSISTENT RUMOR - about Kirkland Lake, etc Of course, WM shareholders will want to keep this alive... but it may be real If so, Kirkland Lake Gold is most likely to pounce when the Ratio of WM.t to KL.t is cheap, right? KL.t vs. WM.t ... update : C$0.27 / C$45.46 = r-0.594% : 24 cents/ $45, would be: 0.533% Ratio: WM to KL I good buying level might be closer to 0.5% RE:Possibilities? Absolutely they're looking very closely at WM. The Sprott connection all but ensures that. Believe they would wait for a new 43-101 before making a move, unless they're feeling very aggressive. Their Chairman certainly is. / 2/ In his 2017 Jekyl island presentation,he refers to a mistake he made in the Kirkland Lake takeover of the St Andrews goldfields company. He was ticked at himself for a move he made,costing him a bunch. Im believing,whatever that mistake was,he wont do again. Ill go back and watch it again and report back. Heres link to todays sprott money weekly = / 3/ Kirkland taking over newmarket It had to do with the takeover of KL of Newmarket for 1 billion. he was 17% of newmarket and 10% of KL and he would have been better off not in favor of the deal,but the kicker was the newmarket team was so conservative in its resource estimates it seemed like a good deal. There was actually much much more gold(double) than the team projected. He is ticked at the ceo at his conservative estimate. conservatism vs reality. sprott deals with reality,and wants reality numbers,not conservative / 4 / THIS is simply untrue: C$0.27 x379M shs = C$103M Market Cap Ridiculous price action. TOTALLY RIDICULOUS. If we get approval on a 75K bulk sample extension, we could literally have this stupid share price IN CASH ON HAND before long Talk about undervalued!!! / 5 / Not ridiculous at all. We have a looming PP at .24 that intends to closed around the next general meeting. Between now and then we will see .24 at which point I will step in. Just do what they do / 6 / Just to clarify, the 75k extension talk probably needs to stop. From CEO.ca: @MarkHanna I just spoke with an official at Wallbridge. The bulk sample extension application is for 25,000 tonnes. They are not sure where the 75k number came from but that it is "absolutely not the case". Doesn't change a thing from my standpoint, nor does day to day action. This thing is going above a cap of $500MM in the next year, unless drilling at depth suddenly dries up. Likelihood minimal. / 7 / RE: Kirkland taking over newmarket https://www.youtube.com/watch?v=h8SGctygo_k Here's the link to the video. Start watching at 27:00 mark or so. We are extremely lucky to have this guy on our side. / 8 / At Least Wallbridge Paid Off the Auramet Loan and now has the financing from Sprott @.24 to expand their production at Fenelon. They announced that they had sold 14,000 ounces of gold just 4 days after entering into the private placement with Sprott. I suppose the company was just replacing the 20% interest loan with share capital from Sprott. Hopefully they have turned the corner and will now be generating cash from their bulk samples. GLTA Longs. / 9 / Their financials indicate they sold approxmately 6,100 ounces from Fenelon (based on C$1,680 per ounce) up to the year end. The financials indicate $10,235,774 in recoveries from Fenelon. They stated they pulled out more than 14,000 ounces from the 25,000 tonnes that have been processed, so that's only 44% of the 25,000 tonnes processed that had been sold up to December 31, 2018. That would leave another 7,900 ounces plus what they pull out of the remaining 10,000 tonnes of high grade bulk sample. They should be in a very good position in the near future.

It is up to you to play it as you like. The stock pays no dividend, so there is no cash flow disadvantage in holding the wts

"ARBITRAGE" - seems like some GCM posters have never heard (or properly understood) this word. The warrants were too cheap, so people were buying the warrants and selling the shares. And some people got SHORT by doing that aggressively. Some posters on the Bullboard seemed confused - like these guys: RE:GCM and short interest outstanding : 28th of FEB Latest short report indicates a reduction of 105,253 shares, leaving the outstanding short position (as of March 15) at 1,062,195 shares. Over a million shares remaining short is one heck of a LOT of shares to cover on as low a volume as this is prone to trade at. And, it doesn't make much of any sense to me that warrant holders would be holding it short either. The only convertible debt (this new issue) is too far out of the money to make any sense, nor does it seem to make sense why the 2024 warrant holders (that have deep in the money for some time now) would bother shorting it just to continue holding the warrant that long ... unless they thought price was going lower and they would close the short. What am I missing? Anyone care to speculate? / 2 / Given the time frame of when the short position grew to that size... I'm rather inclined to suspect there may have been a fair bit of shorting going on in front of an anticipated (lower priced) equity offering. But, that deal was very abruptly canceled (March 1.) And, considering how few shares the short position has been reduced the first half of March, I'm also inclined to think there will continue to be some serious upward presure on the stock price for some time yet... much more so if gold continues its march back towards 1350. And, if/when by change the price rises (or is pushed) back over 4, there just might be a bit of a rush to get short positions closed... but, what do I know, eh? Read more at https://stockhouse.com/companies/bullboard#WWukyjpffZY7b40E.99 In my case: Because the wts. were relatively cheaper, I downsized my GCM share position as I bought warrants - But I never got to the point where I had enough cheap wts, that I was shorting shares Now the arbitrage opportunity is smaller, so it makes sense to hold both positions (each well in excess of 10K shs & 10K wts), as I await higher prices. Then I will SELL first whichever side is most highly valued (relatively over-valued) GCM.wt.b vs GCM ... 2-yrs : fr. 4/24/17 : 9/15/18 : C$2.21 Strike price, April 30, 2024 expiry, 12.1m wtB outstanding : fr. 4/24/17 : 9/15/18 : DATE=C$: GCM.t Wt.B-, vol.-- : Ratio: ITM-$: TimeV: 50%i: AdjTV, as%G : 09/06/18: $2.16: 0.710, 00.0k : 32.9%: 0.000: 0.710 : 0.000 : 0.710 : 32.9% : 09/28/18: $2.25: 0.970, 00.0k : 43.1%: 0.040: 0.930 : 0.020 : 0.950 : 42.2% : 10/31/18: $2.32: 0.910, 66.8k : 39.2%: 0.110: 0.820 : 0.055 : 0.875 : 37.7% : 11/30/18: $2.53: 1.280, 22.1k : 50.6%: 0.320: 0.960 : 0.160 : 1.120 : 44.3% : 12/12/18: $2.90: 1.400, 29.7k : 48.3%: 0.690: 0.710 : 0.345 : 1.055 : 36.4% : 12/31/18: $2.82: 1.400, 00.8k : 49.6%: 0.610: 0.790 : 0.305 : 1.095 : 38.8% : 01/03/19: $3.18: 1.590, 54.5k : 50.0%: 0.970: 0.620 : 0.485 : 1.105 : 34.7% : 01/28/19: $3.36: 1.630, 26.7k : 48.5% : 1.150: 0.480 : 0.575 : 1.055 : 31.4% : 02/28/19: $4.37: $2.48, 15.9k : 56.8% : 2.160: 0.320 : 1.080 : 1.400 : wt.High Close ! 02/28/19: $4.40: $2.41, 15.9k : 54.7% : 2.200: 0.210 : 1.100 : 1.310 : 03/21/19: $3.80: $1.90, 33.9k : 50.0% : 1.590: 0.310 : 0.795 : 0.795 : ============== Average: $2.43: 1.054 : 43.4%: 0.220: 0.834 : 0.110 : 0.944: 38.8% : Default now seems to be: Wt.B trades at 50% of GCM. At higher prices, the Pct, should rise, since if wts are 50% of GCM at $4.42, there will be zero TV.

CBL / CBL & Associates Properties Inc. (NYSE) ... all data : 10d - Last: $1.89, yield: 15.87%. 12 mos. range: $1.785-6.26 Symbol Company----- Last : Earns PE-R: Div.pa Yield: BkVal: P/BV: MktCp: EntVal. Ebitda: EV/eb: $Debt: Dt/eb.: PEI / Penn. REIT -------- : $5.88: (1.98) N/a : $0.84 14.2%: $6.25: 94.% $466M: $2.17b $197.M: r11.0: $1.66b: r8.43: CBL / CBL &Assoc Prp : $1.89: (0.72) N/a : $0.68 15.7%: $5.58: 34.% $377M: $4.42b $544.M: r8.17: $4.04b: r10.7: DMY / Dummy REIT ---- : $0.00: 0.00: 0.00: 00.00 0.00%: $0.00: 000% $0.00b: $0.00b $000.M: r0.00: $0.00b: r0.00: ==== CBL Owns & manages shopping centers in the Midwest, etc. Debt/ Ebitda is over 10X @ r10.7. CBL needs to urgently Sell Assets, and reduce its debts > CBL website: https://www.cblproperties.com/

Time to ESCAPE from New York? (to avoid sky-high taxes & other costs) https://pbs.twimg.com/media/D2MM7Y_UwAEeX1H.jpg Tax Reform Causing Freakouts in Rich New York Towns... 41% say can't afford to live in NYC; Plan to leave... LIST: Fastest-shrinking cities in USA...

EXPLORERS are lagging GDXJ - may play catch-up, if GDXJ keeps rallying GDXJ /Jr. Gold Miners vs. CKG.t, AMM.t, RRI.t ... fr. 3/22/13 : 5yr - Last: xx AMM.,t / Almaden Minerals ... fr. 3/22/13 : AAU - Last: C$0.79 x 0.759 = US$0.60 December 2018: Almaden held its 9th large-scale community meeting to explain the Ixtaca Project to over 800 people. Almaden has held these large-scale meetings since 2012, and total attendance is now over 4,100 people. We are grateful to the representatives of the new Mexican Federal Government who attended this meeting, as well as to all of the local community members. We look forward to working together to continue laying the foundations for sustainable mining at Ixtaca! Location of the Project The project is located 120 kilometers southeast of the Pachuca Mine, one of the largest gold and silver deposits in Mexico with a historic production of 1.4 billion ounces of silver and 7 million ounces of gold. The deposit is also well-located in the industrial heart of Puebla State. It is easily accessible from Mexico City Ixtaca, and 95 kilometers north of Puebla city. A rail-serviced industrial park is 25 kilometers away, and regional power is provided by the Laguna Verde nuclear power station, located 200 kilometers to the east on a deep sea port. Feasibility Study +42% After Tax IRR ($1275 Au; $17 Ag) US$174MM CAPEX; US$310MM NPV (5%) Social and Environment Located by road 30 km from industrial parkTransparent permitting processActive stakeholder engagementSignificant community benefit water and infrastructure opportunities Presentation, economics, pg.5 : http://www.almadenminerals.com/INVESTORS/DOCUMENTS/Almaden_Presentation.pdf website : http://www.almadenminerals.com/

Roxgold Purchases 4.9 Million Common Shares for Cancellation Under its Normal Course Issuer Bid BY PR Newswire — 5:30 PM ET 03/14/2019 TORONTO, March 14, 2019 Roxgold Inc. ("Roxgold" or the "Company") (OTC: ROGFF) announced today that it has recently purchased for cancellation a total of 4,949,000 common shares at an average price of C$0.84 per share representing a significant portion of its normal course issuer bid ("NCIB") previously announced on April 30, 2018. The NCIB allows for the purchase of up to 10,000,000 common shares for cancellation. To date, the Company has purchased 5,612,300 common shares under the NCIB.

Some HELPFUL GOOD News : PEI +0.11 to $5.98 BRIEF-PREIT Says Woodland Mall Is Expected To Deliver Nearly 20 Pct NOI Growth In 2020 * PREIT SOLIDIFIES WOODLAND MALL REDEVELOPMENT WITH ADDITION OF THE CHEESECAKE FACTORY AS DINING ANCHOR

TRPTF Uranium (u.t in US$) ... update: 4yr : 10d : w/etc : HOURS AHEAD:w/OilB HOURS AHEAD:w/OilB / Last: $3.55 / H.ofYr: $3.90 xx / added in edit 3/27- TRPTF: 4yr : Good support at US$3.25? /

LAM.t / Laramide Resources ... All : 10yr: 5yr: 2yr: 6mo / 10d - Last: C$0.355 xx About Laramide Resources: Laramide Resources Ltd., headquartered in Toronto and listed on the TSX: LAM and ASX: LAM, is engaged in the exploration and development of high-quality uranium assets. Laramide’s portfolio of advanced uranium projects have been chosen for their production potential. Major U.S. assets include the Churchrock and Crownpoint In Situ Recovery (ISR) projects and La Jara Mesa in Grants, New Mexico, as well as La Sal in the Lisbon Valley district of Utah. The recently acquired Churchrock and Crownpoint properties, with near-term development potential and significant mineral resources, form a leading ISR division operating in a tier one jurisdiction with enhanced overall project economics. The Company’s Australian advanced stage Westmoreland is one of the largest projects currently held by a junior mining company. Summary (2018): Why Uranium, Why Laramide, Why Now?

Interesting comments on the Uranium market here - from my old friend Marc Henderson xx Laramide Resources Ltd. CEO Update | August 2018 Dear fellow shareholder, It has been almost nine months since my previous CEO message, which was titled “Why Uranium, Why Laramide, Why Now?” and while the macro environment has evolved much as we expected and discussed in that piece, timing of the uranium market’s rebalancing – and more critically for investors the magic “inflection point”: where people feel emboldened to jump in – remains the great unknown. In light of the fact that the bear market in uranium is now well into its seventh year, the sage words of legendary baseball manager Casey Stengel to “Never make predictions, especially about the future” would seem to be particularly appropriate advice for uranium company CEOs. While we at Laramide are mindful of this advice given the numerous false starts that have been endured on the road to price recovery for the sector, something does seem to be different this time and things may finally be falling into place at last. Another baseball legend Yogi Berra famously said, “You can observe a lot just by watching,” and it seems worth highlighting some of the key macro developments that uranium watchers would have been able to observe in just the past few months. These include: Significant supply curtailments by multiple producers (Kazakhs, Paladin, Cameco); Reduced US government inventory sales; Accelerating Japanese reactor restarts; Existing public market vehicles (U Participation Corp) and new public market vehicles (Yellowcake PLC, Tribeca) purchasing large spot market volumes; A potential late 2018 IPO of Kazatomprom, the world’s largest U producer; and, Possible pro industry policy action in the United States in the form of domestic quotas or targets for US based production. While every one of these developments is welcome and constructive towards the market rebalancing narrative, taken together it’s hard not to believe that something may indeed be different this time – especially since we have positive catalysts on both the supply AND demand sides of the equation. The positive long-term picture in uranium remains largely unchanged since China made the decision in the early 2000s to adopt nuclear power in a meaningful way so what caused the epic bear market we have endured for the last 7+ years and what will end it? To simplify things, we believe what has occurred is the colliding forces of a serious demand “shock” (the Fukushima event when Japan turned off all of its nuclear plants at once) combined with a simultaneous supply shock in the form of a massive (and untimely) production expansion from Kazatomprom – a nation state supplier more interested in market share gains than profit maximization. What seems to be developing now, and what creates cause for optimism, is that the market impacts of these two events have largely run their course, especially given the aggressive proactive actions taken recently on the supply side by industry leaders Cameco and Kazatomprom. The Cameco action is particularly noteworthy and will, in our opinion, be the most determinative in changing the market trend from bear to bull. On July 25, 2018 Cameco updated the status of the McArthur River Mine shutdown (originally disclosed in November, 2017) and announced a decision to suspend production indefinitely. Of almost equal importance in their announcement – at least to prospective producers like Laramide – was that Cameco said McArthur would not reopen until mine production could be restarted on the strength of new long-term contracts with utilities. Given that McArthur River accounts for 11% of global annual uranium production (supplying almost 1.5 million pounds per month) it is hard to see how this action will not accelerate the market rebalancing already underway. The other recent macro development of particular note to Laramide is the acceptance on July 18, 2018 by the US Commerce Department of a Section 232 petition under the Trade Expansion Act. In the petition, filed by two U.S. uranium companies, quotas were sought which would require 25% of U.S. uranium requirements to be sourced domestically. While it is not possible to predict any outcomes of this trade action at present, any movement towards production support for US projects would almost certainly be a material positive for Laramide given the relative scarcity of existing US domiciled mines and late stage uranium projects. In our estimation, there are no more than 6 or 7 public companies with any potential to deliver near to medium term uranium to US utilities and none appear to be as attractively valued as Laramide today on a comparative in-ground resource valuation metric. Part of Laramide’s modest valuation relative to this US peer group may be explained by the equity overhang which was created this year when Global X – the industry’s largest ETF (symbol URA on NYSE) and previously the Company’s largest shareholder – decided to complete a widely publicized portfolio rebalancing strategy. This strategy necessitated reducing the weighting of smaller capitalization uranium equities like LAM in favor of larger capitalization global companies more tied to the nuclear business generally. This impacted the share performance of almost every peer group company but we were particularly affected since our modest capitalization made us ineligible for inclusion going forward. We elected to be proactive in assisting this rebalancing exercise and are pleased to report that, in early August, all of Global X’s shares were acquired by new holders, including new institutional owners, all of whom share our constructive view on the immediate prospects for the uranium sector. We are not alone in this positive view and it is heartening to see brokerage industry and media interest pick up, including recent coverage by the likes of Bloomberg and the Wall Street Journal. Although not mainstream media we particularly like the overview provided by a UK business journal called MoneyWeek (and not only because we rated a mention) with their cover story on July 5, 2018 called Nuclear melt-up: Catch the uranium boom early. A pithy title and if Yogi Berra were to summarize the author’s conclusions it would along the lines of “it could be déjà vu all over again.” Here’s hoping…. We attach a copy of that article for your reading pleasure. Marc Henderson President, CEO and Director Laramide Resources Ltd.

CHOSEN from the articles below xx xx xx 9 REITs Yielding Up To 8% Set To Raise Dividends - Forbes Oct 8, 2018 - List: xx 9 REITs Yielding Up To 8% Set To Raise Dividends. Iron Mountain. Dividend Yield: 6.9% Iron Mountain is the data-center REIT that's oh so much more than that. Kite Realty. Dividend Yield: 7.8% Kite Realty is the highest-yielding REIT on this list, at nearly 8%, but it has gotten to that ballooned yield the wrong way: / 2 / 5 REIT Dividends You Could Retire On Forever - Forbes Sep 24, 2018 - Real estate investment trusts (REITs) and their typically high dividend yields are a key part of a payout-powered retirement portfolio that’s built to dish out higher and higher dividends every single year. The five REITs we’ll discuss today will pay you 4% to 7.3% per year in ... / 3 / 10 of The Highest Yielding REITs Analyzed in Detail - Sure Dividend ... May 25, 2018 - In return, REITs typically do not pay corporate taxes. As a result, many of the 171 dividend-paying REITs we track offer high dividend yields of ...

Baytex is quietly rallying BTE.t / Baytex Energy ... update : Last: C$2.42 +0.14 VII.t / Seven Generations ... update / Last: C$10.82 +0.53 - is also rallying

Pennsylvania REIT stock price target cut to $5 from $7 - at SunTrust RH MARKETWATCH : 7:19 PM ET 03/19/19 - stock dropped in early 3/20 trading == (I wrote on 3/20): I Sold the Oct.$7 Put & Bought Apr.$4 Calls for small debit, of less than 10 cents I intend to exercise the Apr.$4 Calls, and collect the May Quarterly dividend My cost to collect the $0.21 / Qtr. and $0.84 pa. dividend will be a little over $4.00 (ie, that is a Div. yield > 20%) Until October, when I will have to face possible exercise of the Puts. With luck, PEI may be above that level then. If not, I can sell some of my PEI shares to cover buying back the $7 Put. ==== AWESOME ! Remember THIS stock (Penn. REIT)? PEI / Penn. REIT ... 4-yr : 10d / Last: $7.68 +0.63, +8.94%

High Yield REIT stocks PEI / Penn. REIT ... all-data: 10yr: 5yr : 2yr: 6mo /10d - Last: WPG / Wash.Prime ... all-data: 10yr: 5yr : 2yr: 6mo /10d - Last: Pfds : WPG.ph & WPG.pi / 4yr : 6mo / 10d : Last: pH:7.5%: $22.09 =8.49% / pI:6.875%: $19.90=8.64% ($25 Face?) Symbol Company------ Last : Earns. PE-R: Div.pa Yield : BkVal: P/BV: MktCp: EntVal. Ebitda: EV/eb.: $Debt: Dt/eb.: PEI / Penn. REIT -------- : $5.88 (1.98) N/a : $0.84 14.2%: $6.25: 94.% $466M: $2.17b $197.M: r11.0: $1.66b: r8.43: WPG/ Wash. Prime ----- : $5.22: 0.42: 12.3: $1.00 19.4%: $4.28: 122% $1.15b: $4.22b $409.M: r10.4: $2.94b: r7.19: DMY / Dummy REIT ---- : $0.00: 0.00: 0.00: 00.00 0.00%: $0.00: 000% $0.00b: $0.00b $000.M: r0.00: $0.00b: r0.00: === Summary The Washington Prime Group preferred stocks, WPG-H and WPG-I, are some of the most robust preferred stocks out there due to their relative small size on WPG's balance sheet. They enjoy a dividend coverage of 25 times and an asset coverage of 10 times. The large PFF iShares US Preferred Stock ETF is going through a re-positioning of switching the index it tracks. It is selling WPG-H preferred stock holdings. Both preferred shares are significantly undervalued today due to PFF selling shares. They offer income investors a 10% yield plus 30% to 40% upside potential. WPG-H and WPG-I offer an opportunity for income-focused investors to lock in a 10% yield for many years that enjoy an enormous coverage through both cash flow and assets. > https://seekingalpha.com/article/4241072-washington-prime-group-top-preferred-stock-pick-10-percent-yield-40-percent-upside

Pennsylvania REIT stock price target cut to $5 from $7 - at SunTrust RH MARKETWATCH : 7:19 PM ET 03/19/19 - stock dropped in early 3/20 trading PEI ... 10d : Last: $5.87 -0.04 / O: $5.91, H: $5.96, L: $5.70 vol. 1.21Mn ==

Seven consecutive years of Profits Zero warrants, zero LTD... only 57 million shares OS Targeting 100% Gold Production Increase and Higher Dividends - Jason Reid

I have started buying the warrants, using money from selling the GCM stock at higher levels/ gcm.t ... update

Production & dividends disappointed, as GORO slid into the early 2016 low (near $1.20) The share price is up from those dismal levels

I am flying back to Asia, stopping at Narita. I may soon buyback shares I sold at 32 cents and 33 cents

Kazatomprom sees further uranium tightness By SightlineU3O8 Posted in Inventory Levels U Posted on February 1, 2019 The Kazakh uranium miner produced 7.6 million pounds of U3O8 in the December quarter, taking its full-year attributable production to 29.8Mlb, a 7% fall year-on-year and in line with its plan to keep 20% below permitted output. Kazatomprom’s London listing means it now has to put out quarterly total and attributable production numbers, although the …