Investment Q&A

Q: It has been a long while since I have owned Birchcliff Energy (BIR) and I was shocked to see it trading for less tham $6. The dividend yield is nearly 14 per cent. I understand that at 2.50 natural gas pricing that BIR has to use leverage to maintain the 20 cent per quarter dividend. I remember about a year ago BIR was debt free so I don't image their debt is that high. I also remember Jeff Tonkin saying that the dividend was almost sacrosanct. So I few questions. Is Tonkin still the COE or has he retired or stepped up to be on the BOD? Is the debt level of BIR still low? At 2.50 gas (I know BIR never used to hedge so I assume they are gettting spot pricing) how much debt per quarter must BIR use in order to maintain the current dividend and spend enough to keep production flat? Do you think they will resize, that is, cut the dividend? And if they cut do you thin they would do an NCIB and start to buy back the shares from their depressed levels?

Q: I have owned Dundee Precious Metals (DPM) periodically over the past few years and the trades have been good. I like trying to trade DPM because it has net cash on the balance sheet and two profitable gold mines in Bulgaria. I also think that if the share price of DPM drops below my entry price by a lot the company will use its cash and start a large buyback or raise the modest dividend. But I just noticed that they used perhaps half of the cash on the balance sheet to buy a gold project in Namibia (Osino mines). What do you think of this deal? Was it a good acquistion? I think the next quarterly result will be good bcause of the higher gold price in the good ore grade at Bulgarian mines could make for good earnings. So aside from the Osino deal what do you think of DPM as a short time trade or longer term hold?

Q: Prospects for this company? Is it time to pack it in or is there a silver lining 3-5 years out?

Q: Hi 5i,
With the recent jump up in stock price for Lumine, would you expect some price consolidation for a while due to the size of the recent acquisition? Or, after this large purchase, are they still able to carry on with business as usual?

Q: Please explain the uptick of the stock with the big miss of the quarter.

Thank you for the great service.

Q: Hi Peter, I would appreciate your opinion of this new player in the crypto space.

Many thanks for your great service and best wishes for the holiday season,

David

Q: Trying to decide which of the two would have better long term upside. If one could only chose one of these for a 10 year hold, what would it be and why?

Q: Can you provide an updated outlook for this name.Also do you know the percentage os shares held by insiders.What do you think of its current valuation?

Q: What are pros/cons of each of these, any multi-bagger here? Please take as many credits as necessary. I plan to make a purchase or two soon.

Q: May I have your opinion of Fortitude Gold?
With appreciation,
Ed

Q: I want to get into gold stocks and have always preferred Franco Nevada in the past. Should I look at buying some of it now, and what other companies would you recommend to complement it if I do? (In the same sector) Thanks

Q: Hello 5i
If one wanted to jump on the bitcoin bandwagon and go for a ride, would you pick COIN or GLXY? A brief explanation as to why would he appreciated.
Thank you
Dave

Q: I've held both companies from time-to-time and am interested in STEP at current prices. SHLE seems a bit more volatile (good and bad).

How would you rate them?

I'm assuming that as long as the producers are maintaining or increasing production, these companies have potential.

Q: EFR

How many mines do they have? Are they in production ? Is it a good Uranium Play. What is your Outlook on world going Nuclear Energy

Is EFR a BUY Thank you RAK

Q: I currently hold SPDR S&P 600 S/C VAL ETF (SLYV). It is currently 2.78% of my portfolio. What is the prospect of SLYV in comparison to IJR, IJT and IWM in 2024. Would you recommend to switch to any other small cap ETF from SLYV?

Q: Your previous answer was to sell this stock. I understand why and agree, but today I came across something that makes me think otherwise. Tal Hayek, ceo, just dropped one million of his own money on an insider public market buy. I see this alot with no fruition but this buy represent about one percent of the outstanding shares. Is this something that would make you change your mind to a hold.

Q: What are your thoughts on Quis as a micro cap growth opportunity. Desjardins Securities mentioned Quis as a higher risk pick.

Thank you.

David

Q: Peter and His Wonder Team
GVP is crashing 40% earlier today. Your thoughts please...
Thank you for your valued insights!

Q: Good Day To All:
Further to my recent question on Reitmans, I am having difficulty with your comment of the cash on the Balance Sheet. You state that Cash offsets debt. My information( which may be incorrect, and is my reason for following up with you ) is that they have approximately $ 100 m of cash. The inventory more than covers the accounts payable making an acceptable current ratio. The lease liability in accordance with GAAP will be covered by future operations. The only risk I see is that the same board which let them go into bankruptcy may decide to take them private at a low share price. Your comments please. Thanks for your previous helpful comments. Also you state that they pen out quite well using ROE. It would look even better using ROIC considering the cash on hand. There are also tax losses to be carried forward.
Thanks, ben.

Q: Are u are still positive on this company - it’s not participating in the rally and going the other way. At what point do you cut bait ?