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Derrick Lilly

 
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  • Kratos Receives Unmanned Aerial Drone System Program Contract Award [View article]
    Too bad the shares continue to slide.
    Oct 6 10:37 AM | Likes Like |Link to Comment
  • Latest Rig Market Developments Bad News For North Sea Drillers [View article]
    Agree, saratogahawk needs to become a contributor. So much good information is being lost in the shuffle of comments on these poor articles.
    Sep 30 10:41 AM | 7 Likes Like |Link to Comment
  • Latest Rig Market Developments Bad News For North Sea Drillers [View article]
    How is NADL the focus ticker symbol of this article when you don't reveal any new information or insight about the stock or its contracts? You also contradict yourself, saying the sanctions halted the Exxon/Rosneft project in one paragraph, then in a following paragraph you say the West Alpha is currently working for the Exxon/Rosneft venture. So which is it? Everything I have seen suggests West Alpha was coming off the project for the winter and would be relocated for other Exxon work regardless of the sanctions. Sorry to be snippy. I'm just tired of all of the articles related to SDRL that regurgitate the same stuff over and over and provide little substance.
    Sep 30 10:20 AM | 11 Likes Like |Link to Comment
  • McEwen Mining And Marlin Gold: Speculative Plays On Gold-Rich Mexico [View article]
    MUX has always traded at a premium because of Rob. So it tends to get beat up easily. I don't even bother worrying about the price anymore because it is so volatile year to year. I just keep waiting for their plans to take off. My position is really a bet on Rob working his magic again before he retires. They had a rough quarter and gold is getting very close to their all-in cost. I think a lot of retail investors that have followed MUX have learned to trade in and out on spikes and dips in order to make gains. When I spent time with MUX at El Gallo a couple years ago, I never thought that it would take so long to meet their goals, or that gold would be as low as it is. Bad call on my behalf. Rob needs to find or acquire a deposit that will rapidly lower their production costs.
    Sep 19 04:28 PM | Likes Like |Link to Comment
  • Fredriksen's right-hand man to leave Seadrill's board [View news story]
    What would help is some damage control by IR and management. Maybe some open market purchases by insiders. Maybe some news on whether the sanctions can actually impact the Rosneft partnership or not??? I find it odd that despite the slide from the 52-week high, management has really done nothing to stem the negative news flow.
    Sep 19 03:47 PM | 7 Likes Like |Link to Comment
  • Fredriksen's right-hand man to leave Seadrill's board [View news story]
    He is leaving one Fredriksen company to increase his role in growing another. Sounds terrible. Golar is going to look to capitalize on rising shipping rates and demand for LNG. As involved as he is with the network of Fredriksen companies, I see no reason why he would sell his shares in SDRL. I also doubt this is real reason for the fall in SDRL today... anyone see how NADL is taking a beating as well?
    Sep 19 03:35 PM | 5 Likes Like |Link to Comment
  • Fredriksen's right-hand man to leave Seadrill's board [View news story]
    $48 to $28, really.
    Sep 19 03:21 PM | 1 Like Like |Link to Comment
  • McEwen Mining And Marlin Gold: Speculative Plays On Gold-Rich Mexico [View article]
    Marlin is executing exactly as they said they would. The share price sees little action because Wexford holds 80% of the float. Another large shareholder holds around 10% if I remember right. So very little shares are really being actively traded. Next is the little press. Now that Marlin is moving along with their plans, you're seeing that more analysts are taking a look at the stock. I think they will be working hard to get their story out to more people moving forward.

    The reverse split is done. They got permitting on their second project. Production costs should come down as grades/production increases. They closed the Golden Reign acquisition. Not only did they get a 15% stake, the money they lent Golden Reign is going to earn them upwards of 8% until the gold stream starts up. The formation of the Sailfish subsidiary should be great for shareholders in time. With Wexford and Sprott being able to provide financing for investments, I expect big things in the future. Gold is getting hammered, but Marlin only plans to sell enough of their bullion to fund operations until higher prices are realized. This may be a risky play, but if gold ever reverses course it may be a very prudent move.

    The boys at Wexford know how to turn companies around. They've done amazing jobs with FANG and EPL, which I followed, and I suspect they will do the same with Marlin. As an 80% shareholder, they clearly have a lot of skin in this game and want/need a higher share price just like us. Anyone that buys now is pretty much buying in at the same cost as Wexford.

    It may take time for people to come around to Marlin, but anyone that follows junior miners, especially those focused in Mexico and Latin America, has to like what is happening here. I hold a few miners, but this is the one I am most excited about over the long haul. I also have spec positions in McEwen Mining, Klondex, Lexam, Calibre, B2Gold, Westmountain Gold, Gran Columbia, Teranga and Western Pacific Resources.

    Good luck. I'm in and long for as long as Wexford is behind the reigns.
    Sep 19 03:18 PM | Likes Like |Link to Comment
  • Seadrill: Lessons From The Frontline [View article]
    All these shipping and drilling companies should simply look at Seaspan (SSW) as a model on how to manage their newbuild programs. Don't build ships you don't have long-term commitments for, and invest in designs that guarantee future demand!
    Sep 18 02:05 PM | 3 Likes Like |Link to Comment
  • So Undervalued, They're Golden [View article]
    Making money on miners is going to come down to identifying the ones that know how to manage their money and execute their plans instead of wasting shareholder capital and continually issuing shares.

    I like Marlin Gold. Nice property in a relatively safe jurisdiction in Mexico. Formed a streaming subsidiary that it intends to spin off to shareholders in time. 80% of float is held by a PE firm known for turning around companies and creating shareholder value. Another large portion of the float is owned by another large shareholder. Volume is obviously thin because of this, but the company is executing its goals on schedule, below budget and as stated, which is very rare in this space. They have financing for investment purposes from Sprott as well, and recently took a 15% stake in another junior miner with promising assets.

    I like B2Gold and Klondex as well. Been trading in and out of McEwen Mining for several years, but I haven't seen anyone executing their plans as well as Marlin for some time.
    Sep 18 01:30 PM | 3 Likes Like |Link to Comment
  • Seadrill Ltd: When Will The Pain End? [View article]
    You mean it has nothing to do with Russian sanctions or new builds without contracts?
    Sep 17 03:59 PM | 11 Likes Like |Link to Comment
  • Get Paid While You Sleep: REITs That Pay Monthly [View article]
    CSG looks cheap. And with their acquisition of the SpaceX headquarters, and SpaceX landing a $2B contract with NASA, that should be a solid tenant for a very long time.

    Currently long and compounding CSG, GPT, LTC...
    Sep 17 11:20 AM | Likes Like |Link to Comment
  • McEwen Mining And Marlin Gold: Speculative Plays On Gold-Rich Mexico [View article]
    More coverage of Marlin. Things are shaping up nicely for them. From The Mining Report:

    "Another company that we featured in our most recent Top 10 report is Marlin Gold Mining Ltd. (MLN:TSX.V).

    Marlin operates La Trinidad, a small heap-leach gold mine in Mexico that went into production in late February. The mine is still ramping up and, after several hiccups, is producing roughly 50 ounces (50 oz) per day. Marlin management is top-notch, led by CEO John Brownlie, who brought the El Chanate gold mine in Mexico into production. That mine was later sold to AuRico Gold Inc. (AUQ:TSX; AUQ:NYSE) and is still operating.

    Another thing we really like about Marlin is it created a subsidiary company called Sailfish Royalty, which will be spun out to shareholders at some point. This is an early-stage chance for investors to get in on a royalty company, which we're big fans of. Marlin shares are tightly held with Wexford Capital owning 80% of the outstanding float. The next catalyst is commercial production, which should happen in the next several weeks."
    Sep 17 11:02 AM | Likes Like |Link to Comment
  • Marlin Gold: Gone Fishing For Gold Streams [View article]
    New The Mining Report coverage of Marlin $MLNGF

    "Another company that we featured in our most recent Top 10 report is Marlin Gold Mining Ltd. (MLN:TSX.V).

    Marlin operates La Trinidad, a small heap-leach gold mine in Mexico that went into production in late February. The mine is still ramping up and, after several hiccups, is producing roughly 50 ounces (50 oz) per day. Marlin management is top-notch, led by CEO John Brownlie, who brought the El Chanate gold mine in Mexico into production. That mine was later sold to AuRico Gold Inc. (AUQ:TSX; AUQ:NYSE) and is still operating.

    Another thing we really like about Marlin is it created a subsidiary company called Sailfish Royalty, which will be spun out to shareholders at some point. This is an early-stage chance for investors to get in on a royalty company, which we're big fans of. Marlin shares are tightly held with Wexford Capital owning 80% of the outstanding float. The next catalyst is commercial production, which should happen in the next several weeks."
    Sep 17 10:59 AM | Likes Like |Link to Comment
  • Gramercy Property Trust declares $0.035 dividend [View news story]
    Anyone have any idea why GPT has been getting hammered down lately?
    Sep 15 10:39 AM | Likes Like |Link to Comment
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