Why Buy This Stock While It's Still Very Cheap, Analyst Explains
Source: Ron Struthers for Streetwise Reports
November 18, 2021 (Investorideas.com Newswire) Expert analyst Ron Struthers — founder and editor of Struthers' Resource Stock Report - breaks it all down, in a November 15 report, about what makes Inomin Mines Inc. his latest pick.
Not much new to start the week except news on our latest pick, Inomin Mines Inc. (MINE:TSX.V; IMC:FRA) and last week Northern Graphite stock broke out to the upside. Gold is flat, but I have noticed that natural gas has dropped from around $6.25 to $5 area. I am watching gas storage levels and they are right around the 5 year average. The natural gas market will be we ather driven and as such, tough to predict.
My prediction of a scary September/October was a pretty faint 'boo'. We got a small correction on the S&P 500 like last year. The market is off to new highs and the bubble peak is still illusive.
Today, MINE announced they completed a five hole drill program totaling 715 meters at the Company's Beaver-Lynx Nickel-Cobalt property BC. Drill holes - testing a strike length of 5.7 km - intersected long intervals of favorable mineralization ranging up to 190 meters in thickness. The diamond drilling program successfully tested the Spur and North Lobe zones, large 5 to 6 kilometer-long areas defined by the preceding ground magnetics survey, believed prospective for nickel and cobalt mineralization.
The stock is not much above our entry price and still very cheap here. I don't know how long it will take to get assay results, but a break over resistance at $0.13 would be very positive and I would buy and/or add to positions on that break out.
Northern Graphite TSXV:NGC Recent Price - $0.68
Entry Price - $0.50 Opinion – buy on weakness around $0.65
Northern Graphite Corporation (NGC:TSX.V; NGPHF:OTCQX) has been on our list a long time and I hope many of you bought on the break out I highlighted at $0.51 in my Oct. 16th update. From that break out it traded sideways for a bit and hit $0.80 in this move. It might consolidate a bit more, and maybe try bids around $0.65.
News last week was that Battery anode material (BAM) manufactured from NGC's Bissett Creek concentrates demonstrated excellent electrochemical performance during recent battery testing by ProGraphite in Germany.
Testing showed that Northern's anode material can be charged to high values which remain stable with high Coulomb efficiency under various discharge conditions. ProGraphite concluded that Northern's anode material is very well suited for the manufacture of high-capacity, durable, long-life lithium-ion batteries.
ProGraphite is one of the world's leading graphite research and development laboratories, with several decades of professional expertise and experience. Its test results demonstrated that Bissett Creek BAM can be charged to lithiation values above 362 mAh/g (milliampere hours per gram) which shows that the capacity of the batteries will be excellent.
The delithiation (discharging) performance was also excellent as the batteries delivered stable, high values with a very high Coulomb efficiency under various test conditions. Northern's BAM also proved to be very robust. Even after charging/discharging several times at 10C (i.e. complete charging in only six minutes) and after many cycles, the Coulomb efficiency remained at a very high, constant level indicating almost no degradation of the anode material.
This performance is better than many commercial natural or synthetic grades.
Northern chief executive officer Greg Bowes commented that "graphite is generally evaluated based on flake size and purity, but when it comes to making batteries, many other factors are critical and not all concentrates are suitable. High bulk density translates into higher capacity batteries, and ease of purification and high yield result in lower costs.
Testing by ProGraphite provides independent, third party validation that Bissett Creek concentrates are of the highest quality." I am thinking the stock could have support around $0.64.
Rokmaster Resources TSXV: RKR OTCQB: RKMSF Recent Price - $0.38
Entry Price - $0.17 Opinion - buy
Also worth noting today is Rokmaster Resources (RKR:TSX.V) announced that it has substantially expanded is mineral claim holdings, north of the main Revel Ridge Project area. Newly acquired mineral tenures Downie (3,173 ha), Keystone (1,992 ha), and North (161 ha) claims overlie the portions of the historic Keystone, Montgomery, Upper Montgomery, KJ and Ice occurrences.
The Keystone, Downie, and North claims lie 12 to 20 km to the northwest of the existing Revel Ridge deposits.
A company does not acquire additional claims unless they are very bullish on what they are finding. The stock has not participated in the current rally and is a laggard. The stock is in a good support zone and looks like we have a triple bottom. There is also a wedge pattern in play. A break above $0.44, near term would be bullish and that is also around the 200 day MA.
©Copyright 2021, Struther's Resource Stock Report
Ron Struthers Disclosures:
All forecasts and recommendations are based on opinion. Markets change direction with consensus beliefs, which may change at any time and without notice. The author/publisher of this publication has taken every precaution to provide the most accurate information possible.
The information & data were obtained from sources believed to be reliable, but because the information & data source are beyond the author's control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.
Because of the ever-changing nature of information & statistics the author/publisher strongly encourages the reader to communicate directly with the company and/or with their personal investment adviser to obtain up to date information.
Past results are not necessarily indicative of future results. Any statements nonfactual in nature constitute only current opinions, which are subject to change.
1) Ron Struthers: The author/publisher may or may not have a position in the securities and/or options relating thereto, & may make purchases and/or sales of these securities relating thereto from time to time in the open market or otherwise. Neither the information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. The author/publisher of this letter is not a qualified financial adviser & is not acting as such in this publication. Additional disclosures above.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Inomin Mines Inc. Click here for important disclosures about sponsor fees.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Inomin Mines Inc., a company mentioned in this article.
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com