I sold 55% of my TOGOF sha in June and the remainder today. TOGOF announced they were considering "strategic alternatives" considering dissatisfaction with the share price. What could this mean? Likely a reverse split to increase the share price and reduce the share count; so they can sell more shares at higher price with dilution
L
This is like watching grass grow, but still willing to wait for IMGold's resource estimate.
A
This stock is cheap. The halt in trading for 18 months basically frozen the stock price when gold was just over $1000, while gold price has almost doubled.
W
SAU.TO no any income so far, price is up to 17 cents. However this one is down many days.....
L
Finally, . . the resource definition is coming along with additional drilling by IMGold
J
he's alive
D
Any insights on this stock? p/e is 2.5, eps is 3 cents, mines are in Quebec. Executive compensation is not excessive. On the surface it looks extremely undervalued but share volume is low and the price seems to be stuck in the 7-7.5 cent range for months. Downside its a penny mining stock on the Venture but really it looks dirt cheap. Comments from anybody?
B
Why do I think RS most likely? What else could "strategic alternatives" mean? TOGOF has partners. A buyout will not happen for several years. Partners have advanced funds.They closed down the gold SA brokerage. They do not have funds for a share buyback. They think the price is too low to sell more shares. I think that an RS is the most likely action.
O
I sold my LOT.V and bought FGC.V tripled the number of shares holding. Both companies are much similar.
P
Hi, Mike! What's the impact of TomaSouth (South as in South America i guess)?
L
What started out as a very interesting property with high grades is now getting too strange for me. When you don't understand the logic behind the company and can't reasonably predict the timing of things, it's time to find something which makes more sense. I still think IMGold is interested in Monster Lake, but there is clearly no timetable for getting to a decision. (ie the decision looks like it could drag out for years according to the agreement with Toma.) I got into this stock seeing potential and a short-term decision point. Since I thought we would have heard something by now, I am moving on to one of my other investment ideas. Good luck everyone.
A
With gold price at its high and a definitive buyer for one of its property, when will this trade again?
L
Volume is picking up in Canada (200-300K/day) over the last few. Added another 40,000 shares here. The last time gold was $1360, Toma's price was 2 1/2 times this level. (CHEAP !)
P
time to take position. Close to break-out
L
Get in at a low price , while you can ! !
This stock has been knocked down by a company (Planet) that got Toma shares as payment for a property they had and has since been liquidating over the last few months due to liquidity issues. However, IamGold has also showed their interest by just recently taking a 19.9% interest in the company after the great drill results at monster lake. At 20%, they have to make a tender offer.
IamGold is completing the resource definition of the monster lake area right now (as part of the JV agreement.) I think once it's done, this stock will receive an offer of some type & hence the 19.9% stake they took. It was a smart move on their part, since it 1.) capitalizes on the abnormally low valuation (without going over the 20% limit ) & 2.) would give them 20% of any future buy-out vote.
This one's going higher ! !
L
Outstanding drill numbers ! Looks like Monster Lake now has IAG's attention and a much higher priority (as the revised JV and the stepped up drilling show)
L
Still adding ahead of the final resource definition - added another 20,000 shares today
L
More good news this morning. (New drill results showing more gold and the outline of a larger trend in the region.) You can read about it under the canadian ticker symbol (LOT.V) Given the 19.8% stake IAMGOLD took months ago, I expect a resource definition by Christmas and then some kind of offer on the joint venture property. Still a good time to get into this one if you are looking for a double in the next year. I am still adding to my position.
I think that an RS is the most likely action.
Both companies are much similar.
This stock has been knocked down by a company (Planet) that got Toma shares as payment for a property they had and has since been liquidating over the last few months due to liquidity issues. However, IamGold has also showed their interest by just recently taking a 19.9% interest in the company after the great drill results at monster lake. At 20%, they have to make a tender offer.
IamGold is completing the resource definition of the monster lake area right now (as part of the JV agreement.) I think once it's done, this stock will receive an offer of some type & hence the 19.9% stake they took. It was a smart move on their part, since it 1.) capitalizes on the abnormally low valuation (without going over the 20% limit ) & 2.) would give them 20% of any future buy-out vote.
This one's going higher ! !