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Showing 1 to 15 of 34 entries
COMMENT

This is really a new story. It has been around for a long time, but in terms of developing its high-grade, underground operation, which is deeper than the original, it has rejuvenated the stock. It is now a matter of execution and getting the company to optimal production and generating positive free cash flow. He is very confident in management. Feels the valuation still has room to go.

precious metals
HOLD

This has been a big win over the last number of years. Located in Canada. The grades, as you get lower, get quite a bit higher, so cash costs should come down. There is a lot of consolidation in the sector, especially within Canada, so it could be an acquisition target.

precious metals
BUY

Why are there a number of junior producers such as this, that are near 52 week highs while most seniors are near multiyear lows? You have to look at names on a individual fundamental basis. The reason this one is at a 52 week high is that they made a phenomenal new discovery at depth, below their existing mine in Northern Ontario. The wealth creation of that asset is a reason to own the name.

precious metals
HOLD

This is one of the smallest holdings that he has. Revenues in the last quarter were up 26%, but the company lost a little bit of money. Just did a financing of 8 million shares for $1.45, which just about doubles the amount of money they have in the bank. They need this for the Island deep gold mine which they are developing. Very, very good potential play. Doesn’t have a lot of debt, about $5 million and less than 50 million shares outstanding.

precious metals
HOLD

(Market Call Minute) They are going through huge changes.

precious metals
DON'T BUY

(Market Call Minute) High cost Ontario/Quebec miner struggling to grow.

precious metals
HOLD

Sold 90% of his position. He is more confident in what they are trying to do at this time. No debt. It predicates upon the price of gold.

precious metals
COMMENT

Sold 90% of his holdings. Virtually all the bad news is out. Wrote off the lot on the Franceour Mine so had loss of about $30 million. Without writing this mine off, they would’ve made a lot of money. Have over $50 million in the bank. Pretty clean balance sheet. Unfortunately they borrowed about $10 million at 7.5% and they didn’t need it. This is one of the far more reasonable goal plays out there and has the potential for a lot of upside.

precious metals
COMMENT
Sold 90% of his position. Change in management which he is not happy about. Can see why people would buy this one. Has a good balance sheet.
precious metals
DON'T BUY
Great balance sheet, good assets, good properties, but there are major questions in terms of the change in management. CEO leaving in August. New management have given themselves a lot of options and he doesn’t see why. Company is moving in a different direction and he would not be surprised to see them acquire something in the future.
precious metals
PAST TOP PICK
(A Top Pick May 30/11. Up 22.11%.) Was stopped out at $10.95. A clear example of the stock that broke a major uptrend line and you get stopped out.
precious metals
SELL
Second time he has when it. Sold 90%. Wishes he sold other 10% above $11. CEO is leaving company. He and his dad were the catalysts behind the company.
precious metals
WATCH
Done quite well. Producing 75,000 oz a year and expect to increase to 150,000. They may purchase other companies to consolidate.
precious metals
COMMENT
How do you determine when to sell? He originally paid $1.81 sold his 1st portion at $6.53 and then sold more at $10+. He only has 10% left. It is not easy deciding when to sell next. They just raised $10 million. Won't sell the rest before the year-end.
precious metals
DON'T BUY
Looks like it is heading back up to its recent high but it does have a lot of headway. There was some profit taking after its high but is also related to the price of gold. Looks a little trickier right now. Looks like it will struggle around the $12 range. Use a $10 stop.
precious metals
Showing 1 to 15 of 34 entries

Richmont Mines Inc.(RIC-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Richmont Mines Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Richmont Mines Inc.(RIC-T) Frequently Asked Questions

What is Richmont Mines Inc. stock symbol?

Richmont Mines Inc. is a OTC stock, trading under the symbol RIC-T on the (). It is usually referred to as or RIC-T

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On , Richmont Mines Inc. (RIC-T) stock closed at a price of $.