Katchum's  Instablog

Send Message
Albert Sung is the author of the Katchum Macro-Economic Blog, monitoring breaking economic news from a day to day basis. He started investing in 2008 because of the economic crisis and holds a masters degree in chemical engineering. Previously, he worked several years as a process engineer at... More
My blog:
Katchum's Macro-economic blog
  • Update On Allana Potash And Avino Silver & Gold 0 comments
    Feb 16, 2014 4:49 PM | about stocks: ASM, ALLRF

    Two stocks I have been quietly accumulating on are Allana Potash and Avino Silver & Gold. I believe these two stocks are set to have a good run in the coming year.

    Allana Potash, which I have been talking about here and Avino Silver & Gold, which I have been talking about here, both have catalysts.

    1) Allana Potash just announced its first tranche of equity financing and more importantly an off-take agreement with ICL Potash to buy the entire production. Basically, ICL Potash has plans to buy about $80 million of the company with equity financing. Of course this will reduce the upside, but it will derisk the project and make the upside in share price more likely. We don't know what the lending side is about yet, but I'm hoping it will be a good deal.

    2) Avino Silver & Gold has doubled in value since December 2013 on very good production results. And we aren't even counting in the new production that is coming online later this year with the Avino Mine itself. We also see insider buying in February 2014, so there is much more upside on this stock. And I'm not even counting in the surge in silver price which is sure to come.

    Just my two cents...

    Disclosure: I am long ASM, ALLRF.

    Stocks: ASM, ALLRF
Back To Katchum's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.