Finjan Holdings, Inc.(NASDAQ:FNJN) Steadies

Finjan Holdings, Inc.(NASDAQ:FNJN)

At the end of 2016, shares of Finjan Holdings, Inc. (NASDAQ:FNJN) touched $1. Since then, FNJN shares have experienced a steady upward climb and on Friday traded above $4, and establishing a new 52-week high, on heavy volumes before closing at $3.80. Today’s trading action sees the tech company’s shares trading around Friday’s close 1 1/2 hours into the trading day. Today’s are heavy. The 30-day, daily average trading volume is listed at around 465,000 and that figure has been reached in less than an hour of today’s action, signaling that the volumes may exceed seven times their normal averages by the end of trading.

Finjan Holdings, Inc.(NASDAQ:FNJN) announced that it has secured a $15.3 million Series A-1 Preferred Stock financing in a private placement transaction led by Soryn HLDR Vehicle II LLC. Soryn HLDR was set up by Halcyon Long Duration Recoveries Management LP and its affiliates in partnership with Soryn Capital, LLC, an affiliate of Soryn IP Group, LLC. Finjan Holdings, Inc.(NASDAQ:FNJN) will issue 153,000 shares of Series A-1 Preferred Stock at a price of $100 per share to Soryn HLDR as well as warrants to purchase an additional two million shares of FNJN at an exercise price of $3.18. The Series A-1 Preferred Stock contains optional and mandatory redemptive provisions, does not accrue an annual cash dividend, and carries participation rights for certain parts of Finjan’s revenue streams until the securities are retired. Of special note is the announcement that the Preferred shares have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Palo Alto, CA-based Finjan Holdings, Inc.(NASDAQ:FNJN) is a cyber-security company. Finjan develops and patents software and hardware that detects and removes computer code that could be harmful. Such code includes spyware, malware, phishing, and data theft efforts amongst others. Finjan’s service operates on a real-time basis.

Investors should be aware that Finjan Holdings, Inc.(NASDAQ:FNJN) “insiders” have been selling shares at a high rate over the last 60 days.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

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About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

 

AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) Continues Rocket Ride

AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO)

AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) shares look to continue their rise after last Friday’s 71% gain on huge volumes. On Thursday, AVEO shares closed at $0.73 then gapped up on Friday to open at $1.13 before hitting an inter-day high of $1.38 and closing at $1.25. Volumes were over 54 million shares for a stock that typically trades less than one million shares daily. Today, traders are seeing a repeat performance. AVEO shares have gapped up to open at $1.36 and have hit a high of $1.53, where shares are now trading less than an hour into Monday’s session. Volumes once again are massive – over 6.3 million shares have traded hands which indicates a relative volume figure of over 50 times what could be expected based on a 30-day, daily average trading volume.

AVEO Announcement

The catalyst for the price and volume gains is the announcement by AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) that the Committee for Medicinal Products for Human Use (CHMP), the scientific committee of the European Medicines Agency (EMA), has recommended FOTIVDA™ (tivozanib) for approval as a treatment for patients with advanced renal cell carcinoma (RCC). The European Commission (EC) normally accepts the CHMP’s recommendation although it is not bound to follow suit. The EC’s final decision is expected in less than nine weeks. If approved by the EC, marketing authorization for tivozanib will be for all the countries in the European Union as well as Norway, Iceland and Liechtenstein.

AVEO Share History

In 2011, AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) shares hit their all-time high at around $21 per share. A slide in share price then followed and by 2013 AVEO shares could be obtained for less than $2 per share. Prior to Friday’s breakout, AVEO shares hit a lot of resistance around $1.20 and that resistance lowered to $1 in October of 2016.

AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) sales have been inconsistent. In 2012 the biotech firm reported sales of $19.3 million followed by annual figures of $1.3 million, $18.1 million, $19 million, and in 2016 a figure of $2.5 million was reported. Those sales have not correlated to earnings though. In 2012, the company reported an loss of (-$2.64) per share. That EPS loss continued, but narrowed, through 2016 when the company posted a loss of (-$0.39). Share dilution has been a constant. In 2012 there were 43.37 million shares outstanding and that number grew steadily until, in 2016, AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) reported 69.27 million shares outstanding.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $AVEO and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

Is Rand Logistics, Inc. (NASDAQ:RLOG) Undervalued?

Rand Logistics, Inc. (NASDAQ:RLOG)

Rand Logistics, Inc. (NASDAQ:RLOG) shares have bounced off their 52-week lows of $0.32 and are trading around $0.40 on very heavy volumes. The 30-day, daily average trading volume is listed at just over 131,000 but by 1:40 PM EST over 1.7 million shares of RLOG have traded hands. There is no recent news from the company that might offer a reason for the increased volumes.

New Jersey, NJ-based Rand Logistics, Inc. (NASDAQ:RLOG) operates a fleet of bulk freight ships that services the great lakes region. The fleet consists of ten self-unloading bulk carriers, including eight River Class vessels and one River Class integrated tug/barge unit, and three conventional bulk carriers. Rand Logistics’ vessels are operated under the U.S. Jones Act – which dictates that only ships that are built, crewed, and owned by U.S. citizens can operate between U.S. ports. Rand also operates under the Canada Marine Act that mandates Canadian commissioned ships to operate between Canadian ports.

The logic of the continued slide of Rand Logistics, Inc. (NASDAQ:RLOG) could be questioned. Rand is one of the largest bulk shipping companies operating on the Great Lakes and the premiere provider in the River Class sector and have over a 50% market share of the Great Lakes bulk freight shipping services in the River Class sector. Overall, more than 95% of their contracts are long-term and with quality counter-parties such as Cargill, ADM, and Arcelor Mittal. In 2015 shareholders experienced per share losses of (-$0.59) but that loss shrank to (-$0.31) in 2016. Sales have remained fairly steady but in 2016 they did record the second lowest sales figures in the last five years.

Given that nothing appears catastrophic the performance of Rand Logistics, Inc. (NASDAQ:RLOG) seems extreme. RLOG shares have dropped over 72% for the year and are down over 58% YTD. Given the volume size in today’s move higher, shares may be seen as undervalued by some.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $RLOG and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

Bombardier Inc (OTCMKTS:BDRBF) Nears 52-Week high

Bombardier Inc (OTCMKTS:BDRBF)

Bombardier Inc (OTCMKTS:BDRBF) shares are within 7.6% of their 52-week high. Today BDRBF shares closed at $1.97, just $0.15 short of their 52-week high of $2.12. YTD. BDRBF shares have gained 12% while the S&P 500 has gained just 8%. For the year, BDRBF shares have gained 30% while the S&P 500 has gained 18%.

Bombardier Inc (OTCMKTS:BDRBF), headquartered in Canada, manufactures planes and trains. Bombardier operates four divisions: Business Aircraft, Commercial Aircraft, Aerostructures and Engineering Services, and Transportation. The Business Aircraft division designs, manufactures, and provides services for three brands of business jets – Learjet, Challenger, and Global. The Commercial Aircraft segment manufactures a portfolio of commercial aircraft in the 60- to 150-seat class. The Aerostructures and Engineering Services division designs and manufactures aircraft structural components, such as engine nacelles, fuselages, and wings. The Transportation segment provides a full portfolio of products and services to the rail industry.

A likely reason for the increase in shares of Bombardier Inc (OTCMKTS:BDRBF) was today’s announcement that Ethiopian Airlines Enterprise is the undisclosed customer that signed a firm purchase agreement for five additional Q400 turboprop aircraft. Based on the list price of the Q400 aircraft, the contract is valued at approximately USD $162 million. Ethiopian Airlines is a leading carrier on the African continent. Ethiopian Airlines was recently named African Airline of the Year for the second year in a row at the Air Finance Africa Conference in Johannesburg, South Africa. Ethiopian Airlines’ initial order from Bombardier Inc (OTCMKTS:BDRBF) was for eight Q400 aircraft plus four options was announced on November 20, 2008. Four re-orders directly and through Palma Capital, including the one announced on June 9, increase the airline’s Q400 aircraft fleet to 24 aircraft, the largest in Africa.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $BDRBF and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

Volumes Explode for TOWER ONE WIRELESS COM NPV (OTCMKTS:TOWTF)

TOWER ONE WIRELESS COM NPV (OTCMKTS:TOWTF)

TOWER ONE WIRELESS COM NPV (OTCMKTS:TOWTF) shares are up over 6% and closed at $0.255. Volumes were extraordinarily heavy. TOWTF shares have a 30-day, daily trading volume average of 2,308 but by the end of trading today over 960,000 shares had traded hands which amounts to a 400-fold increase. There were two catalysts for the gains seen in share price and volumes. The company received construction approval for additional towers and also announced its shares has begin to be included in the Columbian Stock Exchange Composite Index.

TOWER ONE WIRELESS COM NPV (OTCMKTS:TOWTF) headquartered in Vancouver, Canada, owns and operates wireless telecom infrastructure sites in South America. Its primary focus is property selection, architecture and engineering, and zoning acquisition of wireless infrastructure, including towers. Its core business is providing cellular carriers access to its infrastructure – typically through long-term leases. Given the 4G and LTE networks, TOWER ONE WIRELESS COM NPV (OTCMKTS:TOWTF) is positioning itself for strong organic growth in Columbia and Argentina. TOWER ONE WIRELESS COM NPV (OTCMKTS:TOWTF) attempts to build a competitive advantage in the market by building towers in municipalities where there is limited or no cellular coverage. This strategy improves the chances of multiple carriers sharing the tower and minimizes competitive risk.

Today, TOWER ONE WIRELESS COM NPV (OTCMKTS:TOWTF) announced that one of its Colombia subsidiaries received construction approval from a Mobile Network Operator (MNO) to build ten additional towers. Construction is expected to commence within the next 30 days. The new towers will be the first new towers to be built in Columbia this year.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $TOWTF and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

MOLORI ENERGY INC (OTCMKTS:MOLOF) in Good Company

MOLORI ENERGY INC COM NPV (OTCMKTS:MOLOF)

One of the world’s greatest sayings is “follow the money”. This is particularly true of businesses as their vision of the future dictates how and when they allocate their resources. Businesses like the highest reward for the lowest risk so it is logical that they spend where they can get the best returns. In today’s oil market, the topic that continues to dominate is the new technology available to North America drillers and friendlier industry regulations – both of which are highly prized assets by the oil and gas sector. This combination is producing an environment where profits are now being generated from assets that were once believed to be depleted or too costly to operate. Mothballed, or previously operationally expensive, assets are now being brought back to life. Oilfields that were once considered too costly, or too difficult, to extract are now getting a second look. A great example of this is the Red Cave formation in the Texas panhandle. Not only are established players returning, but at least one firm we have highlighted in these pages before has an interesting play currently in process.

Red Cave History

The Red Cave formation has an interesting history. Most drillers believe that “Red Beds” do not produce both oil and gas, however Red Cave does. The formation has produced over 70 billion cubic feet of natural gas since drilling there began back in 1919. In 1960, the Red Cave formation received a separate field designation from the Texas Railroad Commission. Drillers have been active here ever since and are to this day, as you can see in the satellite image from Google.

MOLORI ENERGY INC COM NPV (OTCMKTS:MOLOF).
Red Cave Wells

Drillers Returning

For a while many believed that the Red Cave formation was either depleted or too costly to drill at a profit. That now appears to be “old thinking”. Reports show that money is returning to the Red Cave formation. Long time player Masterson West LLC, through their affiliate Adams Affiliates Inc., has 8,000 net acres. Masterson is now joining forces with Tulsa, OK-based Empire Petroleum Corp. to attack the sands play. The newly formed entity is named Masterson West II and it will be well capitalized. Empire will be contributing 40 million of its common shares and $9-$18 million for a stake that could range from 25-50%. Masterson West LLC will be contributing the leaseholds. Masterson West believes they have identified 380 locations to develop on wells spaced five to ten acres apart, with 200 proved undeveloped drilling locations. They estimate each well will cost them $250,000 and they are planning on drilling forty wells for the next few years.

Molori Energy Inc (OTCMKTS:MOLOF) Offers Pure Play

So we know that serious money is coming back to the Red Cave formation. How to take advantage? MOLORI ENERGY INC COM NPV (OTCMKTS:MOLOF) owns outright, or has optioned, over 4,000 acres with exposure to the Red Cave formation. Their largest lease is named “Mother Goose” while another lease is named “Thompson”. Joel Dumaresq, Molori’s CEO, is expecting two wells to be completed on the Mother Goose and Thompson leases by the end of this month. Molori’s bankers, Casimir Capital, have sourced over $100 million in investments for oil and gas producers with an asset profile similar to Molori Energy. At the last shareholder conference call, Casimir claimed that most of the wells drilled in this area produce around 50 barrels per day with a payback period of six months to a year. A review of the Texas Railroad Commission records seems to indicate that its likely Casimir could be referencing the Red Cave wells owned by Adams Affiliates, Inc. This could explain the massive investment that Empire Petroleum is willing to make.

If technology and a new regulatory environment will return the Red Cave formation to its old glory days, then it could be wise to forgo investment in some of the larger players and instead consider the Red Cave pure play that is offered by MOLORI ENERGY INC COM NPV (OTCMKTS:MOLOF).

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $MOLOF and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

Is AIMIA INC COM NPV (OTCMKTS:GAPFF) Oversold?

AIMIA INC COM NPV (OTCMKTS:GAPFF)

AIMIA INC COM NPV (OTCMKTS:GAPFF) shares closed the day down over 7% at $1.15. Volumes were heavy. GAPFF shares have a 30-day, daily average trading volume listed at 106,023 but today over 450,000 shares traded hands. Amia Inc., headquartered in Montreal, Canada, is a data-driven marketing and loyalty analytics company. They provide customer insights to their clients to help the business make better, and more informed, business decisions. Additionally, the analytics can help companies build loyalty programs and personal relationships that result in mutually beneficial value exchanges.

AIMIA INC COM NPV (OTCMKTS:GAPFF) shares cratered in May after Air Canada announced that it would sever ties with the company in 2020. AIMIA INC COM NPV (OTCMKTS:GAPFF) ran an air miles loyalty program named Aeroplan. Air Canada participated in that rewards plan. Aima faces the risk that other Aeroplan members may decide to terminate their membership because Air Canada, while only contributing 10% to Aima’s revenues, is responsible for more than 75% of Aeroplan miles are redeemed with the carrier.

AIMIA INC COM NPV (OTCMKTS:GAPFF) shares have never recovered. At the time of the announcement, GAPFF shares were trading around $6.50. Since then, GAPFF shares have traded as low as $1.078. According to many experts, the Relative Strength Index (RSI) is a valued indicator of an “oversold” or “overbought” condition in stocks or markets. Currently, GAPFF shares have an RSI value under 20 which indicates an oversold condition.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $GAPFF and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Marc Anderson is a pseudonym. Marc has a BSc. degree in economics and a MSc. in Finance. Marc worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

Can Iconic Brands Inc (OTCMKTS:ICNB) Execute?

Iconic Brands Inc (OTCMKTS:ICNB)

Amityville, NY-based Iconic Brands Inc (OTCMKTS:ICNB) develops, markets, and distributes celebrity branded alcoholic beverages by leveraging their ability to acquire alcoholic products from around the world and brand them with internationally recognized celebrities. ICNB currently trades around $0.01187. Back in 2014 the company was briefly trading above $0.30 however since mid 2015 the company has struggled to gain traction above $0.02.

There is little doubt that its business model is a proven one – match a quality product with an international celebrity. There is also little doubt that such a strategy has worked well in the alcoholic beverage sector. Christie Brinkley is one of the celebrities who signed with Iconic Brands Inc (OTCMKTS:ICNB). Christie Brinkley is an international model with over 500 magazine covers to her credit as well as roles in cinema, TV, and Broadway. Ms. Brinkley is the spokesperson for two brands, Bellissima and Treviso, of Prosecco – a sparkling Italian wine often referred to as the Champagne of Italy. Another product in Iconic Brand’s portfolio is Bivi Vodka. Interestingly, Bivi is distilled in Sicily, Italy under the eye of Master Distiller Giovanni La Fauci. According to the company’s marketing, Giovanni will only use Sicilian fruitwoods to fire his stills and will only fire his stills during certain phases of the moon. Bivi Vodka has acclaimed actor Chazz Palminteri as their spokesperson. The fit is natural as Chazz claims 100% of his heritage as Sicilian.

So is Iconic Brands Inc (OTCMKTS:ICNB) executing their strategy to the benefit of shareholders? Let’s look at their last quarter of 2016 and compare it to the first quarter of 2017. For Q4 2016 Iconic Brands reported a net income loss of $5.4 million, but that performance greatly improved in Q1 2017 as a net income profit of $3.05 million was reported. However, of importance were the listed liabilities. For Q4 2016 Iconic Brands Inc (OTCMKTS:ICNB) listed liabilities of $9.1 million and that number shrank to $5.2 million for Q1 2017. Juxtapose those liabilities against assets of, correspondingly, of $264,000 and $346,000 and it may force you to pick up a drink or two. The liability shrinkage was due to a debt settlement. In that settlement, Iconic Brands Inc (OTCMKTS:ICNB) negotiated a final conversion into 482 million shares compared to what could have potentially been billions of shares. Iconic Brands also received concessions of nearly $125,000 dollars tendered by the note holders, and all interest has ceased. This will eliminate over one million dollars in debt from the company balance sheet. Importantly, the agreement further stipulates that all shares be placed with a professional institutional broker, where using their exclusive discretion, a maximum aggregate of ten percent of the daily volume can never be exceeded when liquidating the shares.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $ICNB and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Marc Anderson is a pseudonym. Marc has a degree in economics and a MSc. in Finance. Marc worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

UPDATE! US Stem Cell Inc (OTCMKTS:USRM) Plunges on Open

US Stem Cell Inc (OTCMKTS:USRM)

US Stem Cell UPDATE!

Shares plunged on the open by around 35% after news was released by the company that it would not pursue a Regenerative Medicine Advanced Therapy FDA designation at this time. Instead, US Stem Cell will allocate resources towards expanding their existing 12 stem cell clinics and treatment centers. Volumes are heavy!

US Stem Cell Inc (OTCMKTS:USRM) released positive quarterly earnings in early May and has now announced more positive news in the form of global recognition for the efforts of its Chief Science Officer Kristin Comella.

US Stem cell, Inc. is a promising company in the stem cell industry. They focus on regenerative medicine and cellular therapy. US Stem Cell Inc (OTCMKTS:USRM) discovers, develops, and commercializes cell-based treatments that addresses disease by repairing and/or replacing damaged cell tissue, cells, and organs. US Stem Cell Inc (OTCMKTS:USRM) has three operating divisions – US Stem Cell Training, Vetbiologics, and the US Stem Cell Clinic. These divisions monetize their efforts by developing proprietary cell therapy products and training for healthcare professionals.

In 2016, the size of the global stem cell industry was estimated to be in excess of $68.7 billion. However, the market’s growth is being restricted by the high cost of treatment compounded by a lack of reimbursement policies by insurance carriers. Also contributing to growth impairment is burdensome government regulation in response to the unethical harvesting of stem cells.

US Stem Cell Inc (OTCMKTS:USRM) stock has suffered over the past few years. In 2014 USRM shares were briefly trading over $50 but today the shares can be had for under $0.10 – ten cents. Obviously there has been a lack of execution and ability to generate profits. However it appears what they do not lack is intellectual capacity. A scientific paper regarding intramyocardial implantation, co-authored by Kristin Comella, Chief Science Officer of US Stem Cell Inc (OTCMKTS:USRM), has been recognized as one of the most influential papers of 2016 according to Altmetric.com. This is not the first time that Kristin Comella has been recognized for her contributions to stem cell science. She was also named #24 on Terrapin’s list of top 50 Global Stem Cell Influencers. She was also listed at #1 on the Academy of Regenerative Practices list of Top Ten Stem Cell Innovators. Mr. Comella also led the team that achieved the first ever FDA approval for a clinical trial for a heart product that used a combination of cell and gene therapies.

Here is a link to the paper highlighted above – https://www.ncbi.nlm.nih.gov/pubmed/27255774

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $USRM and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Marc Anderson is a pseudonym. Marc has a degree in economics and a MSc. in Finance. Marc worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

Non-mining Land Valuations Prominent in Comstock Mining Inc (NYSEMKT:LODE)

Comstock Mining Inc (NYSEMKT:LODE)

Comstock Mining Inc (NYSEMKT:LODE) shares were up almost 15% on heavy volumes today. LODE shares closed yesterday sitting on their 52-week lows of $0.13 per share. Today the mining shares rose to $0.16 before closing at $0.15. Comstock Mining Inc (NYSEMKT:LODE) shares has a 30-day, daily average volume figure of 358,500 shares traded per day. Today LODE shares exchanged hands over 3.5 million times – over ten times the average.

Comstock Mining Inc (NYSEMKT:LODE) considers themselves a sector leader in environmentally responsible mining. Their land holdings are located in Northern Nevada – close to Lake Tahoe. This location figures prominently in the company’s valuation. Somewhat uniquely, the lands that Comstock has mining interests in also have a value outside of mineral exploitation. In a moment that certainly raised some eyebrows, Comstock’s CEO, Corrado De Gasperis, explained in the company’s Q1 conference call that their 8,000+ acres of land interests were in the same locale as recent, multi-million dollar land purchases by Google, Apple, and Tesla.

Comstock Mining Inc (NYSEMKT:LODE) believes the mineral assets to be worth around $450 million. They believe, based on recent transactions, their non-mining lands to be worth $50 million. Comstock Mining Inc (NYSEMKT:LODE) produced 15,451 ounces of gold and 221,723 ounces of silver in 2015, and 4,086 ounces of gold and 75,657 ounces of silver in 2016. Grade remained at 0.025 ounces of gold per ton and 0.436 ounces of silver per ton. For FY2016, operating cost applicable to mining revenue was $5.7 million, $4.5 million net of silver by-product credits as compared to $14.2 million, $10.7 million net of silver by-product credits in 2015. This 60% cost reduction is primarily a result of lower labor and processing costs due to the transition from surface mining to underground exploration and development and higher experienced metallurgical yields.

LODE shareholders have experienced an EPS loss every year. In 2012 the loss was (-$0.87) per share. That loss continued, but shrank, every year since and was (-$0.07) per share in 2016. Unfortunately, dilution has been a nemesis for LODE shareholders as the company raised cash to fund exploration and operations. In 2012 there were 40.5 million shares outstanding and that number grew to 176.63 million shares by the end of 2016.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. All information, or data, is provided with no guarantees of accuracy.

Don’t miss out! Stay informed on $LODE and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.