Opinions
Rick Rule
Goldmining Inc
GOLD-T
PARTIAL SELL
Aug 11, 2016
$2.580
Stock price when the opinion was issued
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TOP PICK
300,000 hectares of holdings in Brazil. Lots of prospective ground. One of the major shareholders is BrazilInvest (?), a 12 billion-dollar merchant bank connected to the Brazilian government. Have a large land package that has yet to be meaningfully explored but there are discussions underway for acquisitions that might allow them to easily become a producer.
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PARTIAL SELL
Uranium assets and an optionality asset in the Athabascan Basin. It is priced in the company, probably for free. In the right uranium market, it won’t be free. Extremely well-run. Good optionality in gold. The company has had a tremendous run up. If you have owned this for a while, take a little bit off the table.
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Sold some of his holdings but not all, because of his fondness for the CEO, who is a superstar. The valuation is pretty extraordinary, but his suspicion is that the personality cult that has been built by the CEO and his management team, will allow this company to continue to participate in the gold bull market that he sees coming. If you own, consider taking some money off the table.