Richmont Mines Inc.

RIC-T

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0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about RIC-T

Signal
Opinion
Expert
COMMENT
COMMENT
August 2, 2016

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.

HOLD
HOLD
July 20, 2016

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.

BUY
BUY
June 17, 2015

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.

HOLD
HOLD
May 23, 2014

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.

HOLD
HOLD
November 11, 2013

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

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Richmont Mines Inc. (RIC-T)
November 11, 2013

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

DON'T BUY
DON'T BUY
March 28, 2013

(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.

HOLD
HOLD
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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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.

COMMENT
COMMENT
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.

COMMENT
COMMENT
July 16, 2012
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.
DON'T BUY
DON'T BUY
May 31, 2012
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.
PAST TOP PICK
PAST TOP PICK
April 23, 2012
(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.
SELL
SELL
March 21, 2012
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.
WATCH
WATCH
March 7, 2012
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.
COMMENT
COMMENT
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.
DON'T BUY
DON'T BUY
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.
PAST TOP PICK
PAST TOP PICK
October 3, 2011
(A Top Pick Sept 8/10. Up 122.2%.) Had a major breakout from a long, long base building. Stock is in a beautiful uptrend. No red flags on this one.
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(A Top Pick Sept 8/10. Up 122.2%.) Had a major breakout from a long, long base building. Stock is in a beautiful uptrend. No red flags on this one.
PAST TOP PICK
PAST TOP PICK
September 6, 2011
(Top Pick Sept 8/10, Up 123.60%) Broke above base.
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Richmont Mines Inc. (RIC-T)
September 6, 2011
(Top Pick Sept 8/10, Up 123.60%) Broke above base.
PAST TOP PICK
PAST TOP PICK
May 30, 2011
(A Top Pick May 18/10. Up 87.87%.) Came out of a very big base formation and was in an ascending triangle. Believes that it is going higher so continue to hold.
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(A Top Pick May 18/10. Up 87.87%.) Came out of a very big base formation and was in an ascending triangle. Believes that it is going higher so continue to hold.
TOP PICK
TOP PICK
May 30, 2011
Had a big base from 2009 through 2010 followed by a big break this year. Now having a bit of a pull back and is now starting a new up leg.
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Had a big base from 2009 through 2010 followed by a big break this year. Now having a bit of a pull back and is now starting a new up leg.
BUY
BUY
April 1, 2011
Almost 18% of his portfolio. Have about $40 million in cash and zero long-term debt. Bringing mines on line. Bought out 2 partner mines. Good management. Expect it could continue to go a long way.
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Almost 18% of his portfolio. Have about $40 million in cash and zero long-term debt. Bringing mines on line. Bought out 2 partner mines. Good management. Expect it could continue to go a long way.
BUY
BUY
March 16, 2011
One of his absolute favorites. When you have specific information about the company and also the fundamentals are both positive. You are seeing some big production increases. No debt, cash in the bank. Will be another jump in production later this year with a mine in Quebec coming on line.
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One of his absolute favorites. When you have specific information about the company and also the fundamentals are both positive. You are seeing some big production increases. No debt, cash in the bank. Will be another jump in production later this year with a mine in Quebec coming on line.
HOLD
HOLD
January 4, 2011
This one can move further. The easy money in gold has been made.
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This one can move further. The easy money in gold has been made.
HOLD
HOLD
November 11, 2010
Just reported really good earnings and expects they’ll be even better in 3 months because they are completely unhedged and selling gold at higher prices. A new mine is scheduled to come on next July.
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Richmont Mines Inc. (RIC-T)
November 11, 2010
Just reported really good earnings and expects they’ll be even better in 3 months because they are completely unhedged and selling gold at higher prices. A new mine is scheduled to come on next July.
TOP PICK
TOP PICK
September 8, 2010
Chart has a neckline and the stock is just breaking through it. Such a huge base that the stock is likely to targeting to $7-$8 or even $9.
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Richmont Mines Inc. (RIC-T)
September 8, 2010
Chart has a neckline and the stock is just breaking through it. Such a huge base that the stock is likely to targeting to $7-$8 or even $9.
BUY
BUY
July 13, 2010
Largest holding in his portfolio. But it is not a contrarian play. Are expanding their resource base. They have no debt. Have 23 Million in cash plus raised some. Loves clean balance sheets. An anomaly in the gold sector.
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Largest holding in his portfolio. But it is not a contrarian play. Are expanding their resource base. They have no debt. Have 23 Million in cash plus raised some. Loves clean balance sheets. An anomaly in the gold sector.
TOP PICK
TOP PICK
May 18, 2010
Coming out of what tech analysts love. Beautiful inverse head and shoulders pattern. We are just breaking through the neckline. He was early but now is the time to do it. It is a bullish, bullish pattern.
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Coming out of what tech analysts love. Beautiful inverse head and shoulders pattern. We are just breaking through the neckline. He was early but now is the time to do it. It is a bullish, bullish pattern.
COMMENT
COMMENT
April 5, 2010
Lots of cash and no debt. They did well in the downturn.
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Lots of cash and no debt. They did well in the downturn.
BUY
BUY
March 3, 2010
One of his favorites. It’s in Canada, in Newfoundland and Quebec. Debt free and a good amount of cash. A well managed firm. Their mines are in a good cycle of their production – a sweet spot. They are ramping up production. Thinks gold prices will go up over the next few years.
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One of his favorites. It’s in Canada, in Newfoundland and Quebec. Debt free and a good amount of cash. A well managed firm. Their mines are in a good cycle of their production – a sweet spot. They are ramping up production. Thinks gold prices will go up over the next few years.
BUY
BUY
August 7, 2009
Likes gold. Was quite surprised when they reported a loss. Knows management very well and believes in the company.
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Likes gold. Was quite surprised when they reported a loss. Knows management very well and believes in the company.
BUY
BUY
January 12, 2009
Likes gold, but wouldn't bet the farm on it. There has been a problem in the sector because of high demands for labour.
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Likes gold, but wouldn't bet the farm on it. There has been a problem in the sector because of high demands for labour.
BUY
BUY
September 7, 2007
His comfort zone in gold is with companies that are closer to home without political risks, etc.
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Richmont Mines Inc. (RIC-T)
September 7, 2007
His comfort zone in gold is with companies that are closer to home without political risks, etc.
DON'T BUY
DON'T BUY
November 30, 2006
Sold all his holdings. Doesn't like any of their operations. Better opportunities elsewhere.
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Richmont Mines Inc. (RIC-T)
November 30, 2006
Sold all his holdings. Doesn't like any of their operations. Better opportunities elsewhere.
DON'T BUY
DON'T BUY
September 6, 2006
Have not done big things in the last few years. Hasn't grown much. A semi-illiquid stock.
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Richmont Mines Inc. (RIC-T)
September 6, 2006
Have not done big things in the last few years. Hasn't grown much. A semi-illiquid stock.
WEAK BUY
WEAK BUY
August 7, 2002
Well managed. Not sure of the size of its reserve base.
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Well managed. Not sure of the size of its reserve base.
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