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LisaE

LisaE
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  • NOVX21: The 'Clean' Way To Invest In The Coming PGM Boom [View article]
    10 million cap-ex for a facility that could generate 55 million of revenue? net present vale of 30 million or more? How much debt does this company have? why is this so cheap, their must be a lot of technology risk, doesn't make sense.
    Jun 19, 2014. 08:02 AM | 3 Likes Like |Link to Comment
  • Weak Short Thesis Creates Buying Opportunity In Torchlight Energy [View article]
    thanks epstein and giamicheal... i bought a thousand shares at avg price of about $3.65. so far, so good!!

    who's flipping at $4.16 to end the day today? i'm holding for now....
    Jun 10, 2014. 03:49 PM | Likes Like |Link to Comment
  • Weak Short Thesis Creates Buying Opportunity In Torchlight Energy [View article]
    I like Mr. Epstein's closing remarks--nice!!

    "The fact that it was Benjamin Graham who said that, not Warren Buffet, is probably not of much concern to the author. I believe that yesterday's article provides investors with an opportunity to buy Torchlight at oversold levels."
    Jun 10, 2014. 11:11 AM | 1 Like Like |Link to Comment
  • Weak Short Thesis Creates Buying Opportunity In Torchlight Energy [View article]
    some highlights of the joe giam rebuttal report direct quotes, great job

    "While a superficial glance at reported financials may indicate to an unsophisticated or completely biased viewer that things are going south quickly, it is extremely important to note that the company’s reported financial statements show that only about 15% of these reported losses are actual cash losses, while the remaining ~85% are attributable to non-cash items, including Accretion of Note Discount, Stock-Based Compensation and Depreciation / Amortization / Accretion, which are perfectly normal for a growing company in the E&P space."

    "The Company needs to raise additional capital to support their robust drilling program of 90+ wells by the end of the year, as was clearly communicated by TRCH’s management on the Q1 conference call, but we would strongly disagree that it will be difficult for the company to find additional investments. Firstly the projects that the company is currently investing in have shown attractive IRR with the
    more recent Hunton wells paying back in months rather than years. We believe that investors see these results as well and will likely want to participate in those projects. Over the last year, TRCH has clearly demonstrated its ability to raise capital, first by raising $12mm through a Senior Secured Convertible Note at $1.75 in 2013 and then another $7mm in early 2014. The fact that the company is able to raise money at higher prices speaks volumes for its ability to attract growth capital."

    "I would be remiss if I did not address the article's personal attack on my work as an analyst and my painful brush with the China space. All I can say to this is that all sell-side analysts have to rely upon audited financial statements that are filed with the SEC as a basis from which to formulate their opinions. If a Company chooses to break the law and is capable of willingly misleading an auditor, anyone relying on audited statements will be wrong. This was unfortunately a common occurrence in the China sector and once I painfully determined that public filings could no longer be relied upon, I exited the sector in its entirety, but not before taking a public beating."

    "The lawsuit salaciously discussed in the article (regarding a senior mgmt member) was in reality a civil dispute of $60,000 over breaking up of a partnership which happened in 2001."

    "Given a relatively conservative oil price of $90 per barrel, at 2,000 bpd this translates to daily revenue of $180,000, which is equivalent to an annualized run rate of approximately $65mm. Even at a conservative net back assumption, at 2,000 bpd TRCH will be generating $32-35mm of EBITDA and should be valued at approximately $250mm - 300mm (7x – 8x EBITDA multiple), meaning that shares should trade around $8 - 10 per share and could be valued higher based on how aggressive Torchlight’s 2015 drilling schedule is. This is how all 4 analysts covering the company (including me) value it and this is why the range of price targets is within $8-10. The author of the SA article has chosen to ignore any of the existing, current quarter or anticipated growth and to focus only on historical results; a guaranteed means by which someone will be proven wrong 100% of the time when evaluating a growth company."
    Jun 10, 2014. 11:03 AM | 1 Like Like |Link to Comment
  • Weak Short Thesis Creates Buying Opportunity In Torchlight Energy [View article]
    speaking of the going concern first tracks--this from Joe Giamicheal's linked report....

    As it relates to the fundamental argument presented, the author leans heavily on "going concern" language in a previous audit opinion as the basis by which he reaches the conclusion that the sky is falling and there is no value to the company. At the risk of facts getting in the way of a completely in-objective story; the author fails to mention that while there had been a “going concern” issued by the auditor in the 2012 10-K, the auditor removed its "going concern" status as of the filing of the 2013 10-k. It is important to point out that while the “going concern” statement was removed by the Company’s auditor in 2013, the Company chose to include similar language in the risk section of the 2013 10-K; however, this is a standard disclaimer for nearly any small / micro-cap company. Since the author has ignored the current auditor’s letter and chosen instead to grandstand on a previous and now obsolete opinion letter
    Jun 10, 2014. 10:54 AM | 1 Like Like |Link to Comment
  • Weak Short Thesis Creates Buying Opportunity In Torchlight Energy [View article]
    thanks for this.. i agree with 100%. as soon as the chinese fraud stuff started to fly...game over. still, serious damage was done...
    Jun 10, 2014. 10:37 AM | 1 Like Like |Link to Comment
  • Torchlight Energy: Risks Suggest It May Go To $0 [View article]
    here's a rebuttal of the above article....

    http://seekingalpha.co...
    Jun 10, 2014. 10:35 AM | 2 Likes Like |Link to Comment
  • Nevada's Gold Standard Ventures, Interview Of CEO Jonathan Awde [View article]
    and this is what tom calandra said on equities.com yesterday about gold standard....

    We await Gold Standard Ventures and its anticipated exploratory drilling and resource report on the recent Pinon purchase in Nevada. (GSV in USA and Canada).

    The 12-hole program at Pinon, which is similar to Newmont-owned Emigrant Gap’s collapsed-style breccia about 20 miles away, likely will be completed in the next week or two. A resource could emerge as soon as July. The hole assays will be out much sooner and could be actionable for investors.

    We spent time in Los Angeles with Nevada-centered Gold Standard Resources and leveling CEO Jonathan Awde. Youngish Jonathan says we will see compliant resources and a mineral inventory from GSV’s three targets by year’s end: Railroad’s North Bullion Zone, recently purchased Pinon and nearby gold-copper Bald Mountain. Pinon, purchased from Scorpio Gold, could show some of Nevada’s most readily oxidized gold — perhaps 1 million inferred ounces at almost a gram per metric ton, according to reports I have collected. Some of the material includes discussions and formulae that are not for publishing.

    What is for public viewing is brokerage analyst Mike Gray‘s work of the past two years. Mr. Gray is up there in Canada.

    Now, this that follows is all theory, and soon, one gathers, the published numbers shall do the talking.

    At Pinon (photo of current drilling attached), some 1 million oxidized ounces at depths of less than 125 meters would give Gold Standard Ventures a sell-able property, if it so wishes. Or one with a three-year timeline to heap-leach production at an operating cost of, dare I even estimate, $600 an ounce.

    Once GSV’s geology team completes an analysis of stratigraphic sections for Pinon, the company might be able to trace similar, if not identical, rock types (minerals, formations, thicknesses, texture) across each of its three targets. Such an occurence on the geological layering of the deposits would go some way toward allowing technicians and other outside analysts to determine a “safe” and inferred resource estimate for all three targets, well before year’s end. Maybe even by mid-July. Gold Standard by November, I believe, will have additional resource estimates or a mineral inventory published and filed in Canada and the USA for North Bullion Zone (Railroad) and Bald Mountain. Most of that will be inferred and allow for interpretation by company executives, if I understand the concept correctly.

    Jonathan Awde drew a respectably sized crowd at the LD Micro event in Los Angeles; I believe GSV was one of 4 or 5 resources companies at the gathering of some 110 companies. “Getting our first resource published at Pinon is a de-risking event,” said Mr. Awde, who has yet to reach age 40, so cannot yet be faulted for his use of industry jargon.

    He’s honest enough and admits he will have to “go back to the market” to raise yet more money, diluting existing shareholders, for the umpteenth time. I accept that.

    Two other Pinon heap-leach comparables — aside from producing Emigrant) — are Corvus’s Bullfrog, which is a quarter of what Pinon’s grade could show, and Midway’s Pan.

    Both are not yet producing and both are in Nevada.

    I remember where I was when GSV published assays from breccia drilling at Railroad (North Bullion). That was in September 2013, and I was in Toronto, meeting with a graphite company. Gold Standard at the time showed 98 meters of 3-plus gram/gold at Railroad near Elko. It already had something like 75 grams of 3.5-gram-plus gold in the tray, and that core was from close by. Most of it was breccia, which is a success in Nevada Carlin Trend set-ups if the grade shows a mere 1 gram per metric ton.

    The GSV geology team benefited from senior-citizen and cowboy David Mathewson‘s bold senior-citizen strikes across a vast holding there in the high desert. Now, more methodical structuctural geologists are at work on GSV properties, including the new Pinon. Mr. Mathewson is onto a fresh GSV assignment at another property and inside another corporate entity.

    I think, once the 12 holes get published, we could see a bunch more back-of-the-envelope estimates not just for what Pinon holds, but across the three properties. (I am estimating 4 million ounces on the three targets alone. There is something like 115 square km total in GSV’s land package, a nice portion of it owned outright and the rest claimed, staked, optioned and so on.) This is because, as stated, stratigraphical similarities, layering matches if you will, across that part of GSV’s Nevada holdings, will make it so.

    Pinon is considered a sister deposit to Emigrant. But little is known even with some drilling at the Pinon property in years past. What I do know after seeing Railroad twice is that any data confirming similar structure, grades, depths (less than 125 meters), trend direction — more info about flat-lying breccia, for instance — could be extrapolated and employed by outside analysts in their own deposit models.

    Theoretically, again, gold and silver at Pinion outcrops at surface, then would get hauled downhill to private sections that already are secured, with water rights.

    I could go on, but I am not one to employ statistical models. This is what folks such as Mike Gray do. I just buy the stock, and buy the stock, for years now. I visit the properties, spend time on the telephone with the principals, party with the promoters, and pray to play and parlay.
    Jun 10, 2014. 06:34 AM | 1 Like Like |Link to Comment
  • In-Depth Interview Of CEO James Anderson, NuLegacy Gold-- Nevada, USA [View article]
    good volume today....who thinks NUG.V will hit 15c today? getting close....
    May 14, 2014. 11:36 AM | 2 Likes Like |Link to Comment
  • In-Depth Interview Of CEO James Anderson, NuLegacy Gold-- Nevada, USA [View article]
    does anyone have an estimate of how much Barrack's Pipeline project is worth???

    1.3 million oz producer in 2013 at very low all-in costs, i looked at it on Barrack website....

    why is nulegacy trading at only 12 cents???
    May 14, 2014. 09:26 AM | 1 Like Like |Link to Comment
  • Graphite One Resources, Massive U.S., Near-Surface, High-Grade Deposit [View article]
    thanks mr moores for your comments on graphite pricing hopefully your right and the prices will go higher.
    May 12, 2014. 09:44 AM | Likes Like |Link to Comment
  • Pershing Gold: Strong Drill Results, Insider Buying And New Research Coverage [View article]
    anyone know how good or bad a 79% recovery would be???
    May 12, 2014. 08:58 AM | Likes Like |Link to Comment
  • Graphite One Resources, Massive U.S., Near-Surface, High-Grade Deposit [View article]
    wow, prices up $160-$240 per ton!!

    thats a big move no??
    May 9, 2014. 04:39 PM | 1 Like Like |Link to Comment
  • Graphite One Resources, Massive U.S., Near-Surface, High-Grade Deposit [View article]
    maybe if new and unexpected demand keeps popping up, thats a signal that graphene demand will develop faster???

    some smart people telling me not to hold my breath on grapheme, that its still 10-15 years away. maybe its only 5 years away???
    May 8, 2014. 05:19 PM | 1 Like Like |Link to Comment
  • Graphite One Resources, Massive U.S., Near-Surface, High-Grade Deposit [View article]
    not a bad day

    GPH up 5.6% today, zenyetta down 2.4%, energizer down 3.7%, focus up 3.9%, mason down 7.6%, Flinders down 2.4%.....
    May 8, 2014. 04:07 PM | 1 Like Like |Link to Comment
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