Rick Rule
Orogen Royalties
OGN-X
PAST TOP PICK
Jul 19, 2024
(A Top Pick Jul 14/23, Up 129%)
Small royalty generator through exploration skills. Producing royalty in Mexico going very well. Nevada silver royalty also producing high amounts of cash. Expecting more growth from the company.
Very small cap stock, can be risky. Beware the "BNN Bounce" after recommendation today. Royalty on silicon deposit in Nevada. Prospect generator that generates free royalties. Owns around 10% of stock.
Specialist in early stage exploration. Very think market cap, so liquidity is a concern. Royalties in two projects - Nevada & Mexico. Assets could easily be sold for more than current market cap of company.
Has participated in two discoveries. Sum of parts is greater than price as a whole. Closely held, extremely volatile, don't rush in and jam the price. Exercise caution by using good-until-cancelled limit orders. As well, market cap is fairly small. No dividend.
Don't run out and buy it hand over fist and run the stock up, it's extraordinarily thinly traded, use a Good Till Cancelled limit order. Generating surplus cash. Very small company with two high-quality royalties. Very well run.
Company acquires royalties by staking out ideas, and taking back a royalty in exchange (selling idea to large company). Would recommend holding. Company has proven good at execution.
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Small royalty generator through exploration skills. Producing royalty in Mexico going very well. Nevada silver royalty also producing high amounts of cash. Expecting more growth from the company.