Wednesday, March 24, 2010

#jarobuys yukon-nevada gold (YNG) + quantum rare earth (QRE) and listens 2 monument mining (MMY)

what a day 2day!

during my loooong lunch break ive attended an investors presentation in the centre of munich. bob baldock, the CEO of yukon-nevada gold (YNG) + monument mining (MMY) presented his companies to a small group of (smart?) investors in a nice tourist restaurant across from munich's opera house. the event was organized by my old friends, their german IR agency axino as one of many investors conferences in europe (switzerland + germany?).

you still remember my malaysian gold investment monument mining? i think there is everything fine with them! the production is increasing steadily, the next financing should provide +10m for operating purposes, no tax on profits the next 5 years + stable political / economical situation + many opportunities for future growth in malaysia, ... well, even the the stock price didnt participate in the recent rally of its peer group, i think its gonna 2 be a nice low-risk huge-upside-potential long-term investment :-)

what abt yukon-nevada gold? the company's market capitalization dropped from $300m to $3m approx a year ago, their 4 nevada mines + their mill were closed and the company was nearly bankrupt ... hell, thats a situation when bob steps into a deal! 2day is all environmental permitting in nevada succesfully finished, the company's financing for the next few steps secured, 2 out of 4 mines and the mill producing on initial volumes again and YNG is going 2 increase the ore + gold output soon ... well, i bought few shares at current level (even if the current market capitalization is approx CAD 142m, the share price CAD 0.245 is still cheap i think). so lets subscribe for company's newsletter and follow its development + lets hope there will be a moment in the future when there will be both, some money in my pockets + a reasonable share price in order 2 increase the volume of that new portfolio position. hmmmmm, do u think i should beg my wife + kids for that money again?

after my (at the moment soooo boring + senseless) office job ive attended the 2nd investors meeting ~ the presentation of quantum rare earth (QRE) at the cm-equity office ... did u know i was already an (indirect) shareholder of QRE through my zimtu capital investment? i think the rare earths will soon replace lithium as the next boomimg commodity sector (... oil, gold, silver, zinc, nickel, uranium, sugar, lithium, ... every commodity seems to get its chance 2 perform like crazy for a while and then settle down again :-). well, again, lets subscribe for company's newsletter and follow its development + lets hope there will be a moment in the future when there will be both, some money in my pockets + a reasonable share price in order 2 increase the volume of that portfolio position ...

folks, of course i do know that these young / underdeveloped / underfinanced companies need plenty of additional capital + plenty of time to become succesful fighters out there + provide steady cash-flows, pay dividends etc + etc ... but i simply like these kind of investment stories and the upside potential these companies provide if everything will work out even :-)

welcome + good luck, my sweet portfolio warriors!

addendum 01/04/2010: #jarobuys a small initial position in quantum rare earth (QRE) even if there could be some warrants/options exercise orgy in april which could lead to temporarily lower share price ... but who knows that for sure? folks, IMHO is QRE still cheap like an unwanted pet, so who cares?

btw, ive increased also my stake in the promising junior gold explorer rocmec mining (RMI) a little bit as i believe the current bankruptcy related stock price doesnt reflect the latest positive company developments . btw, i was angry like devil abt my (unknown) fellow programmers at lynx brokers as these stupid idiots cannot compute the margin + commission requirements for penny stocks properly and even if i still had a plus balance of CAD 50 or the like, i couldnt submit the order for multiples of 1,000 shares and thus i had to order also a 900 shares lot because of some stupid 'missing' CAD 7 (seven!). the newbie guy at the telephone hotline couldnt do anything abt that as well ... i hate them 2day, of course 

good luck, my lovely rare earth investment 
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