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3 Daring Recovery Stocks
COMMENT
Richmont Mines Inc.

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
Richmont Mines Inc.

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.

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BUY
Richmont Mines Inc.

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
Richmont Mines Inc.

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
Richmont Mines Inc.

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

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DON'T BUY
Richmont Mines Inc.

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

precious metals
HOLD
Richmont Mines Inc.

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
Richmont Mines Inc.

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.

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COMMENT
Richmont Mines Inc.
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.
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DON'T BUY
Richmont Mines Inc.
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.
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PAST TOP PICK
Richmont Mines Inc.
(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.
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SELL
Richmont Mines Inc.
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.
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WATCH
Richmont Mines Inc.
Done quite well. Producing 75,000 oz a year and expect to increase to 150,000. They may purchase other companies to consolidate.
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COMMENT
Richmont Mines Inc.
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.
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DON'T BUY
Richmont Mines Inc.
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.
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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

Is Richmont Mines Inc. a buy or a sell?

In the last year, there was no coverage of Richmont Mines Inc. published on Stockchase.

Is Richmont Mines Inc. a good investment or a top pick?

Richmont Mines Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Richmont Mines Inc..

Why is Richmont Mines Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Richmont Mines Inc. worth watching?

0 stock analysts on Stockchase covered Richmont Mines Inc. In the last year. It is a trending stock that is worth watching.

What is Richmont Mines Inc. stock price?

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