Great stock trades based on fundamentals and technical analysis.
In the spring, we
introduced Roxmark Mines (RMKL in Canada on the CNQ exchange, RMKMF in the U.S.) as a Canadian junior gold and molybdenum mining company with 12 properties in Northern Ontario. They were moving toward molybdenum production and a listing on the more senior and much more liquid and well-know TSXV exchange in Toronto. They since have started
limited molybdenum production via bulk sampling, and plan to move to full-scale commercial molybdenum mining late next year. However, the TSXV exchange listing still has not happened.
We believe Roxmark will receive the Toronto exchange listing approval in the near future (an October investor presentation had the end of 2006 as a goal for listing), and that listing will bring in new investors who haven't been able to buy the stock on the CNQ exchange. For those able to buy RMKL on the CNQ exchange or RMKMF on the U.S. pink sheets, we believe the current price, still around .21, provides a great entry into this small-cap near-term molybdenum and gold producer. The current market cap is around the same value or less than the value of their modern mill, which can process both molybdenum and gold.
As we said in the spring, "We believe Roxmark shares are likely to go much higher over the long run if things go as planned. We like the molybdenum giving them near-term revenue, the Toronto listing giving them more investors in coming months, and the huge upside with the gold properties." See the spring article for more details:
http://greatinvestments.blogspot.com/2006/04/roxmark-mines-for-long-term.html
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