Richmont Mines Inc. (RIC-T) Stock Predictions - Stockchase
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Richmont Mines Inc. (RIC-T)

ON STOCKCHASE SINCE Aug 2002

Acquired by Alamos Gold Inc. Nov 2017.

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Richmont Mines Inc.

RIC-T

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Richmont Mines Inc. (RIC-T) SAVE Dec, 31, 1969, 7:00 pm

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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.

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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.

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Dennis da Silva

Managing D, Middlefield Capital ...

Price Price
$14.660
Owned Owned
Yes

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.

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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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Peter Imhof

Vice Presi, AGF Investments Inc...

Price Price
$12.150
Owned Owned
Unknown

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.

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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.

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Jon Case

Portfolio , Sentry Investments...

Price Price
$4.010
Owned Owned
Yes

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.

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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.

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Benj Gallander

President, Contra the Heard Inv...

Price Price
$1.380
Owned Owned
Yes

HOLD
Richmont Mines Inc.(RIC-T) 

November 11, 2013

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

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

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Benj Gallander

President, Contra the Heard Inv...

Price Price
$1.290
Owned Owned
Yes

DON'T BUY

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

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

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Dennis da Silva

Managing D, Middlefield Capital ...

Price Price
$2.780
Owned Owned
No

HOLD
Richmont Mines Inc.(RIC-T) 

February 20, 2013

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.

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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.

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Benj Gallander

President, Contra the Heard Inv...

Price Price
$2.660
Owned Owned
Yes

COMMENT
Richmont Mines Inc.(RIC-T) 

August 16, 2012

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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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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Benj Gallander

President, Contra the Heard Inv...

Price Price
$3.730
Owned Owned
Yes

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.
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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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Benj Gallander

President, Contra the Heard Inv...

Price Price
$3.750
Owned Owned
Yes

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.
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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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Benj Gallander

President, Contra the Heard Inv...

Price Price
$6.010
Owned Owned
Yes

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.
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(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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Ron Meisels

President, P & C Holdings...

Price Price
$6.470
Owned Owned
No

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.
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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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Benj Gallander

President, Contra the Heard Inv...

Price Price
$8.850
Owned Owned
Unknown

WATCH
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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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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Brent Cook

Exploratio, Exploration Insights...

Price Price
$9.170
Owned Owned
No

COMMENT
Richmont Mines Inc.(RIC-T) 

November 3, 2011

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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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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Benj Gallander

President, Contra the Heard Inv...

Price Price
$12.650
Owned Owned
Yes

DON'T BUY
Richmont Mines Inc.(RIC-T) 

October 14, 2011

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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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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Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$11.260
Owned Owned
Unknown

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