drbubb

SLV looks likely to retest $14. SIL to retest $25.50-25.70? SLV / Silver etf ... update : 6mo : $14.24 -$0.27, -1.86% vol. 7.57M, Yield: n/a, PER: n/a SIL vs SLV/ Silver Shares vs. Silver ... update : 6mo : $26.28 -$0.59, -2.20% vol. 164.5k, Yield: 1.16%, PER: n/a Ratio: SIL to-SLV : $26.28 / $14.24 = R-1.00? ==

Peabody may be headed to $28 BTU / Peabody Energy ... update : $28.89 -$0.65, -2.20% vol. 670.7k, Yield: 1.80%, PER: 6.43 ==

SHORT stocks again - & happy so far IWN ran into some possible resistance, and I decided to enter a small options position, which is Bearish on stocks BOT Apr.$9 Calls on TZA at $0.81, when TZA was about $9.60 - It closed at $9.65 -$0.12, -1.23% SOXX - etc: IWM, & SPY ... 10d : $185.12 +$0.74, 0.40% (H: $186.69), $154.98 +0.40%, $281.34 +0.66% It is a small position. Hardly matters, less than 10% of the one I sold a a profit a few days earlier. I will add to it, if I see a good set-up

Another “Student Housing” Tower Under Construction at 3720 Chestnut Mar, 07, 2019 | 4 Comments | West Philly Changes at Temple and Drexel over the last couple decades have had a dramatic impact on their surrounding neighborhoods. Both schools have seen enrollment rise and at Temple, the number of commuting students has dropped considerably. As such, we’ve seen a ton of student housing construction occur on and around both campuses, transforming swaths of North Philadelphia and Mantua, respectively. At Penn, meanwhile, we’re fairly certain that the student body is roughly the same size as it was twenty years ago, with about 25,000 total students, with a bit less than half of that population being undergrads. And yet Penn’s campus and the nearby neighborhood have also seen a huge jump in new construction, ranging from dorms built by the university to apartment buildings large and small from private developers. It stands to reason then, that these units, which seem like they would be targeting students, are instead looking to appeal to a broader population that’s simply looking to live close to Penn. Take, for example, the new 30-story building currently under construction on the 3700 block of Chestnut Street, right in between the St. Agatha-St. James Church and the Tabernacle United Church. This address, 3720 Chestnut St., was previously the site of the Newman Center student ministry, Current view Project rendering Rendering from Chestnut St. Rendering from Sansom St. We should mention that this building is rising 100% by right, due to the permissive CMX-4 zoning of the property. Unlike so many other West Philly apartment buildings, this project is fortunately replacing a rather blah building which nobody would have argued to preserve. With several other parcels on surrounding blocks possessing similarly flexible zoning, we don’t know that we’ll be able to say the same for the next project that comes down the pike in this neck of the woods. And make no mistake, more projects are surely coming. Whether it’s students, young professionals at University City Science Center, or anybody else, the pace of construction in this part of town is an indication that people want to live in West Philadelphia more than ever. Expect developers to give the people what they want.

REIT Shares & Debentures Top, Highest REIT Yields : ValueForm.List : Excerpt High Yielding Stocks VF Member Classification Latest Stock Price Latest Dividend Declared Ex Dividend Date Annualized Dividend Annual Yield Rait Fin'l Trust 7.75 Series A Cumu RAS.PRA Mortgage REITS 8.84 0.4844 Quarterly 03/22/18 1.9375 21.91% Washington Prime Group Inc WPG REITs 5.22 0.25 Quarterly 03/01/19 1 19.16% Arlington Asset Invest. Corp Cl.A AI Mortgage REITS 8.19 0.375 Quarterly 03/28/19 1.5 18.32% Spirit Mta Reit Com Shs OF Benefic SMTA REITs 7.33 0.33 Quarterly 12/28/18 1.32 18.01% Cbl & Associates Properties Inc CBL REITs 1.91 0.075 Quarterly 03/29/19 0.3 15.71% Eagle Point Credit Company Inc ECC REITs 16.73 0.20 Monthly 03/11/19 2.4 14.35% Orchid Island Capital Inc ORC REITs 6.75 0.08 Monthly 03/28/19 0.96 14.22%

PREIT Reports Fourth Quarter and Full Year 2018 Results Podcast : https://www.preit.com/news/financial/reminder-listen-preits-q4-2018-earnings-call-11am-february-14th/ Dividend: "we expect to maintain" in 2019 "first mover advantage... we have changed the definition of the mall... densification... mixed use" HIGHLIGHTS: + Core Mall total leased space reached 96.6% + NOI-weighted sales per square foot reach $525; Sales up 5.1% at Top 5 Assets + Average renewal spreads of 6.3% for the quarter and 6.9% for the year + Opened Belk in former Bon-Ton and signed DICK’s Sporting Goods in former Sears at Valley Mall + Completed first multifamily land sale Earnings: 2018= ($1.98) vs. 2017= ($0.84) FFO — : $1.43 ————— $1.58 FFO,adj. : $1.54 ————— $1.67 Our disciplined approach to low-productivity asset sales and proactive department store repositioning along with tenant diversification has resulted in a quality portfolio with densification opportunities. The work we’re doing in this milestone-marked year as we complete many of the anchor and redevelopment projects underway sets the stage for a stronger Company in 2020 and beyond. The early results from this effort are evident with core portfolio sales reaching $510 per square foot and traffic up 5% during the holidays at properties that have undergone remerchandising, paving the way for a solid NOI growth forecast despite a rapidly changing environment. - Joseph F. Coradino, PREIT CEO Previous asset sales contributed to a $0.4 million, or $0.01 per share, FFO decline. During the quarter, we recorded a gain on sale of $8.1 million related to the sale of a land parcel at Exton Square to a multifamily developer. We recorded $103.2 million in impairments related to non-core properties and other assets. During 2018, we raised $1.2 billion in proceeds through financing activities and asset sales, underscoring our ability to creatively access capital markets to fund redevelopment activity. 2019 Outlook The Company is introducing its earnings guidance for the year ending December 31, 2019 of GAAP Net loss between ($0.55) and ($0.40) per diluted share and estimates FFO for the year will be between $1.14 and $1.29 per diluted share. FFO, as adjusted per share is expected to be between $1.20 and $1.34. Same Store NOI, excluding termination revenue is expected to grow between 1.0% and 1.9% with wholly-owned properties in the range of 1.5% to 2.6% and joint venture properties declining between (2.7%) and (2.4%). Yahoo Finance, PEI: https://finance.yahoo.com/quote/PEI/key-statistics?p=PEI

Penn REIT Update PEI / Penn Reit ... All : 10yr : 4yr : 3yr / LPT-vs-PEI / Last: $5.74 / $48.62 = ratio-11.8% : LPT-vs-PEI : w/ BDN : Sym. Company-----: Last-$ : E.P.S. PE-R : Yield: BkVal : MkCap: Debt : ebitda: EV.e : D/ebi: Pr/BV LPT : LibertyProp.Tr: $48.62: $3.24: 15.0 : 3.43%: 22.51: $7.36b: 3.10B: $351M: r29.4: r8.83: 92.% PEI : Penn. Reit—— : $ 5.75 : ( 1.98) N/A-: 14.8%: $6.25: $456M: 1.66B: $197M: r10.9: r8.43: 304% BDN: BrandywineRT: $15.63: $0.76: 20.6 : 4.90%: 10.29: $2.76b: 2.03B: $245M: r19.3: r8.28: 152% Other VER : Vereit ———— : $ 8.25 : (0.16): N/A-: 6.87%: $7.40 : $8.18b: 6.09B: $1.07B : r11.1 : r5.69: 112.% 0 — : Realty Income: $71.36: $1.26 : 56.8 : 3.90%: 26.63: $21.7b: 6.51B : $1.21B : r23.1: r5.38: 268% NNN: Nat’l Retail Pr : $53.18: $1.65: 32.2 : 3.85%: 21.81: $8.59b: 2.86B: $561M: r21.4: r5.10: 244% GNL : Global Net Ls : $18.39: $0.01: 300+: 11.7% : 18.75: $1.54b: 1.78B : $211M: r15.0: r8.43: 98.% Afin : Amer Finan.Tr : $10.91: (0.35): N/A- : 10.1% : 15.09: $1.45b: 1.52B: $168M: r15.4: r9.05: 72.% Ratio: PEI-to-LPT

TRENDING ARTICLES Vereit Is A Diamond In The Rough That Yields 6.8% High Yield Of 7.1% And Insiders Buying At Cedar Fair / 1 / Vereit Is A Diamond In The Rough That Yields 6.8% Mar. 12, 2019 68 comments About: VEREIT, Inc. (VER), Includes: AFIN, GNL, NNN, O Brad Thomas Dividend growth investing, REITs, newsletter provider, value Summary Sometimes, REIT investors must dig deep inside the jungle to uncover a true diamond in the rough. But you don't have to travel to the jungle today because I have done all of the heavy lifting myself. Vereit is an affirmative buy and we believe that shares could generate returns of ~15% over the next 12-18 months. This idea was discussed in more depth with members of my private investing community, Rhino Real Estate Advisors. Get started today » When reviewing the list of net lease REITs today, it's not hard to separate the "wheat from the chaff." In terms of relative value, the chart below provides a good visual of the blue-chip names and the so-called "sucker yield" names: xx As you can see, Realty Income (O), +19.5% and National Retail Properties (NNN), +13.7% have outperformed (for six months) vs. Global Net Lease (GNL), -16.5% and American Finance Trust (AFIN), -34.1% - two externally-managed REITs, both screaming for a dividend cut. Of course, as most value investors recognize, it's awfully hard to pick up shares in a blue-chip net lease REIT, or most all blue-chips as far as that's concerned. And sometimes REIT investors must dig deep inside the jungle to uncover a true diamond in the rough. Guess what? You don't have to travel to the jungle today because I have done all of the heavy lifting myself. My only request is that you sit back and read the entire article and then you can determine whether or not Vereit (VER) is a diamond in the rough. / 2 / High Yield Of 7.1% And Insiders Buying At Cedar Fair Mar. 12, 20193 comments About: Cedar Fair, L.P. (FUN) Rida Morwa Research analyst, REITs, energy, Dividend income for retirees Summary Amusement parks are simple yet predictable businesses. Cedar Fair is one of the world’s largest amusement park owners and it's currently on sale. While most of the market has ripped higher in the past month, Cedar Fair was left behind and remains in the bargain bin despite strong momentum going into 2019. This is a battle-tested company with a superior track record and has survived several recessions. With a 7.1% dividend yield, 4% expected growth, and a historically low valuation, we expect up to 30% upside. Insiders are buying.

NEWS items EX-DIV Peabody Energy Corporation ( BTU ) will begin trading ex-dividend on March 11, 2019. A cash dividend payment of $1.85 per share is scheduled to be paid on March 20, 2019. Shareholders who purchased BTU prior to the ex-dividend date are eligible for the cash dividend payment. (robots wrote this): The stock of Peabody Energy Corporation (NYSE:BTU) is a huge mover today! The stock increased 0.07% or $0.02 during the last trading session, reaching $28.82. About 541,517 shares traded. Peabody Energy Corporation (NYSE:BTU) has declined 23.64% since March 11, 2018 and is downtrending. It has underperformed by 28.01% the S&P500. The move comes after 7 months negative chart setup for the $3.12B company. It was reported on Mar, 11 by Barchart.com. We have $27.67 PT which if reached, will make NYSE:BTU worth $124.80 million less. Analysts await Peabody Energy Corporation (NYSE:BTU) to report earnings on April, 24. They expect $0.68 earnings per share, down 18.07 % or $0.15 from last year’s $0.83 per share. BTU’s profit will be $73.62 million for 10.60 P/E if the $0.68 EPS becomes a reality. After $0.88 actual earnings per share reported by Peabody Energy Corporation for the previous quarter, Wall Street now forecasts -22.73 % negative EPS growth. > more: https://whatsonthorold.com/2019/03/11/peabody-energy-corporation-btu-cant-be-more-risky-trades-sigfnicicantly-lower/

Peabody Energy (coal producer) getting cheap enough RATIO of BTU to USO Oil may suggest a Buying opportunity Here's Peabody / BTU on its own USO-etc / The comparison chart that got me to look at the Ratio above ==

Russell 2000 : up: +23.67, +1.5% - Glad to be out of the TZA Calls TZA: $9.84 - 0.46, -4.6%

Update:The Rise Makati.

Misunderstood? My comment on The Wall was copied over at the Stockhouse Bullboard (that is fine!) But the comment seems to have been misunderstood - based on THIS reaction: "his calculations show a drop of only 10k to 20k oz of production when processing lower grade at 1500tpd. that is not much of a drop at all, only 5% to 10% drop from 193k oz. that is certainly not 50%. his 50% assumes no increase to 1500tpd at all which is a wrong assumption. plus the big wrong assumption that their annual drill program finds zero, no high grade at all. if the wall was hit in 2018 as he claims, then how come guidance is much higher for 2019? what would his calculation be if they increase to 2000tpd? all this assumes they found zero high grade in their 2018 drill program, and will find zero high grade after a big increase of 80km drilling on top of annual drilling. how likely is that to happen? Read more at https://stockhouse.com/companies/bullboard?symbol=t.gcm&postid=29465487#MuumUwlQjUASx4fS.99 " I will respond to this later

Hang Lung Properties (101) keeps running ahead of HL Group (10) Looks like I put my chips mainly on the wrong one. haha chart ... update :

Eric Sprott's at 25%, and talking about a bigger ore body at WM (go to 12 minutes): Bullboard Comments Feb 21 NR and 200 meters of low grade The reference is right in the Feb 21, 2019 NR, exactly what Eric told you all to read! FA-18-051: 1.02 g/t gold over 24.59 metres, including 3.13 g/t gold over 4.78 metres which includes an interval containing visible gold that assayed 9.90 g/t gold over 0.54 metres, and 12.70 g/t gold over 2.71 metres included within a wider interval of 3.93 g/t gold over 9.96 metres both hosted within an approximately 200 m wide so far unknown package of favorable mafic-ultramafic host rocks with broad low-grade gold mineralization throughout. / 2 / Sprott 25% - HOLY SH*T 200 Meters THICK!!! posted March 08, 2019 11:16 am by jefedeoro Andrew, thanks for the heads up on this!!! WOW! I am not surprised he is going for 25%, it is what I figured watching the action and insider filiings the last weeks! But he said they have...read more

bullboard comments RE:Keep polishing the turd sorry, you are completely wrong... yes GCM has an AISC near 900USD/oz but Segovia has an AISC bnea 800$ (including develeopement and exploration)without mine- and underground developement+modernaisation the AISC would be near 750$ oz... 900$ company-wide AISC is because the small marmato -prodiction has high costs (appr. 1100$/oz)... at marmoto they will built a new plant with 4-5 x-times capacity of the current plant..this will bring the costs down there..wait for the PEA in late 2019 ... Segovia is a low-cost cash cow and increased reserve will translate into more value!! / 2 / PlanetURF wrote: AISC for TTM is already $900 according to march 4th presentation. It will probably go to $1k-1.1k in the next few years if their high grade veins run dry. They could have funded all this internally if EBITDA would have really been $105m US in the next 12 months. That was my point. That is $140m CAD EBITDA. In theory that should have been $140-150m in FCF CAD in the next 24 months. That could be used to pay down almost all their debt and heavily spend on expansion. Instead they dillute shareholders for likely another 4.2m shares. Tomorow will be new reserve update, so I guess we will see who is right here. / 3 / You are right, that there might be enough FCF to fund the extra exploration but there is also the chance of another work stoppage or a collapse in the gold price. Meanwhile, the amortization of the notes is not optional so raising some cash gives some breathing room in case some things don’t go according to plan. Meanwhile, there is now 35% upside to the conversion price of the new debt so it’s not dilutive unless we go over. I would have preferred an acceleration of the current warrants but there would still have to be a new warrant offered with a higher strike which would also have brought more dilution with it. / 4 / Gap Filled Gap in daily chart filled. The market hates gaps. Yes sometimes they don't fill, but more often than not they do. Time to move up. (I hope) image: / 5 / Too cheap to let loose ...load up while you can prepare for the following ignites: - outstanding Segovia RE statement - succesful closing of bond financing (I admit: their first try was overly stupid) - Q1 production results in 1 year time, you'll wonder why this stock has ever been trading at such a discount. This 3-4CAD price range is a gift for value hunters to load 'em up. good luck to the longs and have some patience! Read more at https://stockhouse.com/companies/bullboard?symbol=t.gcm&postid=29460750#TXxPMPeG2qCDr5CJ.99

Exiting the trade proved to be a wise move, since IWM rose & TZA fell later SOXX +etc vs. SPY, IWM ... $179.51 -0.09%, $274.46 -0.20%, $150.94 -0.03%/ TZA: $10.32 +0.19%

SOLD my TZA calls just now... as the Bearish move in Stocks may be waning Most of them made me nearly a double I bought at 73 cents, and sold out half at $1.35, and the other half at $1.48 SPY was near the Low of the day, and TZA near the day's high as I sold at $1.48 (+$9 = $10.48 underlying TZA) Why? SOXX +etc vs. SPY, IWM ... $178.30 -0.79%, $272.65 -0.86%, $150.94 -0.45%/ TZA: $10.47 +1.47% The gap down on disappointing Employment figures may have taken the energy of of the slide. SOXX opened much lower ($176.56) and is now well off its lows as SPY & IWM retest lows. I take this as a potentially bullish indication. And I like to double my money (at least) on Option trades

Analyst Actions: Macquarie Lifts Baytex Energy to Outperform From Neutral

I sold a part of my position at over $2.00 Should have cleared the whole thing

MUX is not getting the Good News it needs, and the stock is back to $1,65 Bad News instead... McEwen Mining Suspends Quarterly Dividend; Operating Issues Result in Lower Revenue

THE WALL (of falling Proven Resources) @ Segovia GCM hit the Wall of Proven Reserves, and is moving past it in 2018 and beyond Figures suggest that GCM “hit the wall” already in 2018. + Gold production in 2018 exceeded Proven Reserves at end 2017, by a lot! + Gold production at Segovia was 193k oz for 2018 (at 17.1 g) + Probable Gold reserves at Segovia Were 3.1 X that = 592k oz + But the remaining grade is only 11.4 g/t (still good) + At these lower grades, costs will rise, and GCM will need to put Through its mining production 50% more ounces, to maintain its gold oz level + GCM is pushing up the throughput capacity of its mining operations by 25% That is from 1,200 tpd to 1,500 tpd + At 1,500 tpd and 300 day full capacity, GCM could process 450k tonnes p.a + At 11 g/t, that would be 4.95Million Gold grams ( /28.35 = 175k oz.) + At 365d x full capacity = 5.22M Gold grams ( /28.35 = 184k Gold oz.) + Gold cash cost could potentially rise by up to 50% per oz., reducing GCM’s profits However, the wall being hit in 2018, showed no signs of a shrinking in margins (yet) Segovia Operations (“CoreProducer”, with 100% Ownership) Mineral Resources(1) Gold ‐ M&I: 1,107kozs 10.1g/t ‐ Inferred: 1,246kozs 11.4g/t Mineral Reserves(1,2) Gold: ‐ Proven. 68kozs 45.4g/t ‐ Probable 592kozs 11.4g/t 2018 Gold Production 193,050 ops @ 17.1 g/t Cash Cost/oz. US$618 Notes: 1 = at Dec.31, 2017 This is why the company is stepping up the pace of drilling; seeking more high grade resources You should expect head grades to decline, since 2018 grade exceeds remaining resource Per March 2019 Presentation, pg.8: http://s21.q4cdn.com/834539576/files/March-2019.pdf A good team of analysts following the company, would mean that the company would reveal its plans in facing these challenges, well before it hits another wall, & brings surprises

GCM - the Good & the Bad GOOD: Internal funding should have been enough EBITDA should be in the $140m range for 2018. So they clearly should not need any funding. They could pay down half their debt and spend like $50m on capex. So then the question is, did they do it because they are incredibly short sighted and unpatient and cannot even wait 6 months? Or did they do it to please some powerful people that might become a pain in the &*^ politically by giving them a piece of GCM very cheaply? Or did they do it because they expect production to fall due to insufficient reserves? Or maybe they ran out of the quality veins, and costs will shoot up, and EBITDA will only be $70m. In the presentation you see that proven reserves are only 68k oz with 45g/t Read more at https://stockhouse.com/companies/bullboard?symbol=t.gcm&postid=29452247#8LiBgFHwhHpQmDzM.99 BAD / RE:Internal funding should have been enough >> In the presentation you see that proven reserves >> are only 68k oz with 45g/t Yeah, and this was also in that same presentation: High grade mesothermal quartzsulfide veins in historic mining district….over 5 million ounces of gold produced through continuous mining over past 150+ years. Expected mine life runs through to 2026 (2017 PEA). Read more at https://stockhouse.com/companies/bullboard?symbol=t.gcm&postid=29452393#My5H7Yp55GWa8TKA.99 From PRESENTATION: GCM - March 2019 2018 Gold Production 218,000ozs MID-TIER GOLD MINER, Surpassed 2018 Guidance We have produced more than 1millionouncesof gold since inception in20103 segovia High‐grade underground mines 89% ofproduction 2018:193,000ozs Headg rades averaged 17.1g/t in2018 One of theTop5 HighestGradeUndergroundMines Strengthened balance sheet in2018. Debtdown to $83.4M as of Jan. 31,2019. Debt/EBITDA of~0.8X. $33M ofcash asofDecember31,2018,upfrom $3M atthe endof2017. Future growth continues emphasis on high grade Segovia mines andtheother24knownveinswearenotcurrentlymining. Bluesky potential with Marmato, Zancudo, Sandspring and Venezuela > http://s21.q4cdn.com/834539576/files/March-2019.pdf

I bought warrants today at $1.81 and $1.76 and accounted for over Half of the day's warrant volume GCM.wt.B ... Custom: fr 9/15 : 10d : w/GCM : $1.73 -$0.14, -7.49% Versus GCM: $3.55 -0.15, -7.49% // Ratio: R-00%

First Philippine subway seen pushing up property prices in Metro Manila. "... with Quezon City seen benefitting the most " MANILA, Philippines — The completion of Metro Manila’s first subway could trigger a surge in property prices in the Philippine capital, with Quezon City seen benefitting the most from the project over the near to medium term, according to real estate consultancy services firm Colliers International Philippines. Construction on the 30-km Manila subway officially began Wednesday, February 27, with the big-ticket project seen to ease the capital’s infamous traffic gridlock. The underground rail line will have 15 stations and is expected to be completed in 2025. Meanwhile, a partial operation of the first three stations is set in 2022. Designed to run at 80 kilometers per hour, the subway will reduce travel time from Mindanao Avenue in Quezon City to Ninoy Aquino International Airport — the country’s premier gateway — to about 30 minutes. In a commentary, Colliers said the subway should help provide access to properties that could be redeveloped into mixed commercial, residential, hotel and institutional projects. Colliers also sees the project raising the prices of land and properties within a kilometer from the subway’s stations, adding that private developers should take advantage of the government’s infrastructure push. “Colliers believes that working with the national government for the development of commercial and residential buildings around the stations of the Manila Subway is a practical route for property developers given the lack of developable land in the country’s capital,” the consultancy firm said. “In our opinion, this option is something that the government should seriously consider given its goal of raising additional revenues to fund its massive social and infrastructure programs, especially now that the remaining tax reform measures have yet to be passed in Congress,” it added. “This way, the government gets additional revenues crucial for its ‘Build, Build, Build’ program and spurs more business activities in the newly-established business districts, which should eventually generate more jobs and tax revenues.” . . . In the same commentary, Colliers said Quezon City could gain from the planned subway as seven of the 14 stations would be developed within the city. “With improving connectivity given the construction of Manila Subway, MRT-7 and the common LRT-MRT station, we see Quezon City becoming more attractive for mixed-use projects that feature office, residential, and retail projects,” Colliers said. “Among the stations well suited for townships is North Avenue given its interconnection with other mass transportation systems,” it added. https://garyhablero.realtor/news/f/first-philippine-subway-seen-pushing-up-property-prices-in-metro