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Felix Pinhasov

 
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  • Khan Resources: A Special Situations Case For November And December [View article]
    I believe I outlined the incentives to pay quite well. Capital markets are a country's breathing tube. We have so many examples that illustrate just how difficult it is not to have your economy destroyed when you can't access capital markets. Simply take Argentina, Greece and Cyprus as examples.

    Mongolia has little to no expertise and capital to develop its natural resources. If the environment in Mongolia is perceived to be too risky, who will invest further dollars and expertise in exploration? Russians and the Chinese right?

    Well Mongolians always feared getting too close and reliant on the Chinese and the Russians; that is why the enacted the Third Neighbor policy years ago. The point was not to be less dependent on these countries. Mongolia does not want to be in the Chinese pocket anymore than Zambia or Liberia, period.

    I would also suggest to you that since the west's capital is invested on the fact that it won't be eventually expropriated it really does not matter how bad the West needs those natural resources. It is private money and not public money (like China's foreign investments). Private money cares for its safety and rights.

    I had no idea the Russians and the Chinese are so rich that they can back every lost dollar with three dollars. Is it me or that sounds a bit far fetched?
    Last I checked the majority of the Chinese population were living in poverty and the Russian economy's only success is oil, gas and platinum mining. (and you can now scratch platinum off the list since the industry there is now losing its shirt)
    Nov 22, 2014. 08:57 AM | Likes Like |Link to Comment
  • Khan Resources: A Special Situations Case For November And December [View article]
    The tribunal doesn't make anything public before making a decision.
    Per indicated above:
    "Mongolia claims that its decision not to reinstate Khan's interest in Dornod complies with all Mongolian and international laws and that Khan broke Mongolian law with its partners and as a result the licenses were cancelled."
    Nov 20, 2014. 12:20 PM | Likes Like |Link to Comment
  • Khan Resources: A Special Situations Case For November And December [View article]
    The best way to take a position is through the Canadian National Exchange-
    CSE: KRI
    Nov 19, 2014. 02:57 PM | Likes Like |Link to Comment
  • Athabasca Oil Corporation Is A Classic Deep Value Play [View article]
    http://bit.ly/1eqTEOp
    Aug 6, 2013. 07:50 PM | 1 Like Like |Link to Comment
  • Athabasca Oil Corporation Is A Classic Deep Value Play [View article]
    Athabasca is one of the top 20 shorted stocks on the TSX
    with 31.4M shares shorted : http://bit.ly/13pqWbK

    It will take over 28 days to cover that short position using the current dialy average of 1.18M shares.
    Jul 29, 2013. 11:46 AM | Likes Like |Link to Comment
  • Jaguar Mining: The Standby Loan Is Not A Sign Of Strength [View article]


    Jaguar Mining Inc. Announces Draw Down of $25 Million from Renvest Credit Facilit :http://bit.ly/11QXnze;highlight=
    Jun 27, 2013. 07:48 PM | Likes Like |Link to Comment
  • Jaguar Mining's Production Update Is Not Encouraging [View article]
    If the financing was announced after the article was published (which means it was written 4-5 hours before that), how could it possibly be mentioned in the article?
    Jan 26, 2013. 01:24 AM | Likes Like |Link to Comment
  • Jaguar Mining's Production Update Is Not Encouraging [View article]
    Quarter over quarter = Q4-2012 over Q4-2011
    Jan 25, 2013. 07:09 PM | Likes Like |Link to Comment
  • General Dynamics Fairly Valued: No Value At These Prices [View article]
    Thanks for catching that.
    Jan 24, 2013. 12:12 PM | Likes Like |Link to Comment
  • Majesco Guidance Spells Trouble [View article]
    Article was submitted early evening yesterday....it is unfortunate but the publishing of articles takes a while.
    Jan 15, 2013. 06:49 PM | Likes Like |Link to Comment
  • An Open Letter To Finavera Energy Shareholders, Management And The Board [View instapost]
    Retail shareholders are the small shareholders, like you, myself and probably everyone that voiced their objections on this page.
    Jan 10, 2013. 09:44 PM | Likes Like |Link to Comment
  • An Open Letter To Finavera Energy Shareholders, Management And The Board [View instapost]
    A good question was presented to me, of which I think the answer can benefit anyone with a stake in the company. The question asked about the creation of value, now that the BC portfolio is sold:

    As for value (keep in mind these are rough estimates):
    10% of Cloosh Valley (105MW) in JV with a major player in the business
    $11M upon shareholder approval (2013-Q2/Q3) + $9.2M from SSE (2013-Q3/Q4) = $20.2M in 2013
    $20M (out of the remaining $29M due from Pattern in 2014, per the answer to the direct question in the conference call) = $20.0M in 2014
    $9M from remaining projects in the future.
    Market cap is around $10M. I think the case for inherent value is strong.
    Let me just higlight one point that came across in the conference call, which I think is important.
    When asked on the proper model of the company (private/public), Jason (the CEO) clearly stated that he believes that the company should be private as it was in the early 2000's. He also stated that he thinks that the several shareholders who hold the majority of the shares should buy out the retail shareholders.
    Make of his answer whatever you wish, but one of those shareholders is a billionaire Irishman (cloosh valley).
    If the market does not recognize the value inherent in the company, the likelihood of these shareholders taking the retail holders out, grows and grows.
    Jan 9, 2013. 03:22 PM | 1 Like Like |Link to Comment
  • An Open Letter To Finavera Energy Shareholders, Management And The Board [View instapost]
    This morning's Finavera conference call illustrates value going forward.
    Unfortunately the company cornered itself with debt payable to GE (we all know who's fault that is), which inhibited the auction process in the time available to let other potential bidders conduct the necessary due diligence. Voting against (if even possible, since the company is majority owned by several shareholders) the deal leaves current shareholders in danger of excessive dilution and is therefore not a viable path. Voting FOR the transaction seems to be the only way to generate the value inherent in the company.
    Jan 9, 2013. 12:02 PM | 1 Like Like |Link to Comment
  • An Open Letter To Finavera Energy Shareholders, Management And The Board [View instapost]
    CONFERENCE CALL: January 9th at 8:00am PST. Dial in CDN/US: 1-888-390-0605 or 1-416-764-8609.
    Jan 7, 2013. 09:06 AM | 2 Likes Like |Link to Comment
  • An Open Letter To Finavera Energy Shareholders, Management And The Board [View instapost]
    We got the attention of management, we got the conference call we wanted. Lets wait for further information.

    New Total: 1,289,200
    Dec 28, 2012. 12:16 PM | Likes Like |Link to Comment
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