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Jeff Parent B. Eng. FCSI CIM Royal Nickel Corp RNX-T WATCH Nov 05, 2018

You have to have a lot of patience with these stocks. A lot of companies go through these changes where they transform to something completely different. It looks like it is going through the phase of the next press release causing the next upside move. If it gets above $0.90 it would be a breakout and definitely above $1.10. It has to break out before you buy it. If you bought below $0.10 then take half your position off.

Jeff Parent B. Eng. FCSI CIM

Unknown

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$0.670

Stock price when the opinion was issued

Mining

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RISKY

Doesn't generate much free cash flow but occasionally they find very high-grade nickel like recently. This has helped their debt. They are now focused on Beta Hunt in Australia. It's a nice speculative play.

DON'T BUY

They hit an amazing seam of gold. But he doesn't see enough geological information to assume a lot of material there, though the grade appears to be spectacular.

COMMENT

It's harder to apply technicals to a small-cap stock. They've had a downtrend since 2014, but only recently broke this into a sharp uptrend. You want to see it hold at 60-cents. They need to announce some good news to push the stock up. Technicals can reveal only so much.

WATCH

He's watching it. It's likely that money will flow into precious metals. But names like this are highly spectulative. If he'd buy it, it'd be a small position.

RISKY

They have announced a gold find in Australia recently. He thinks it is very early days and they need to prove things up. He thinks investors are looking for this company to be acquired. He hopes they are successful, but views it as speculative at this point.

DON'T BUY

Once in a while they have a big run. He hasn't look at this in years, but he feels this doesn't gain traction for very long. If you do buy, determine an exit level (selling price), because it never seems to go up and stay up.

WATCH

They used to be a nickel asset but the focus is now on gold assets in Australia. It is a low grade/high cost mine. They found the gold zone was small but now got into another zone with fantastic grades. The market has soared. They have now mined out the high grade zone. The risk reward is unfavorable at this price. He is watching the name.

COMMENT

RNX is producing as opposed to drilling like many companies are. They're also generating good cash flow. But continuity is a concern. Brent Cook: restrictive, small but high-grade veins.

DON'T BUY

This should be going up as with other stocks in this sector. If it is not, then you should own something else. There was a bottom in May that we tested, so that is positive. The relative strength vs. the index is not good.

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We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

Jeff Parent B. Eng. FCSI CIM Royal Nickel Corp RNX-T WATCH Nov 05, 2018

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