| To: Cogito Ergo Sum who wrote (2360) | 3/21/2021 1:22:06 PM | | From: stuffbug | | | | I have a Scotia margin account - both CAD and USD securities, same account number. Never need to convert currencies as I can buy BCE in one currency, transfer shares to the other side at no cost (online request) and then sell.
I also maintain both CAD and US cash balances. So can play forex hedge trader as well. When Canadian dollar is weak, buy Canadian stocks in U.S. currency. When Canadian dollar is strong, sell Canadian stocks for US dollars. Most of the major Canadian companies are cross listed - the banks, energy (CNQ, SU, ENB, PPL), telcos (BCE, RCI, T, SJR) and materials / metals (TECK, NTR, ABX, PAAS, NGT). I have even converted most of my gold and silver ETFs into Sprott products due to dual listings (PHYS, PSLV, CEF).
Still lots of money on the table with the Rogers buyout of Shaw - will likely take a year to receive approval.
Got lucky on that one - figured Shaw would eventually be acquired, so bought within last 6 months at a 7% + yield. Missed MBT (Manitoba Tel) years ago - that was another one where a buyout (from BELL) seemed to be inevitable.
Another Gold suggestion - Endeavour Mining (EDV) just reported a blowout Q4; moving to senior status this year (production of 1 million ounces), pays a dividend, and is trading at a 2021 free cash flow yield of 18%. At current spot pricing, Endeavour will generate approx $1 billion in free cash flow this year. Discount likely a result of jurisdiction (all Africa) and no US listing. Company will soon be listed on the London exchange which should help to improve the valuation. B2Gold, another African miner, has a much better valuation (and a U.S. listing). S&P500 trading at 20 - 25x 2021 earnings, gold/silver producers at 12x. If anyone believes that the gold price is headed higher this year, then producers are at bargain basement prices. |
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| To: stuffbug who wrote (2361) | 3/21/2021 2:51:54 PM | | From: Cogito Ergo Sum | | | | I also maintain both CAD and US cash balances. So can play forex hedge trader as well.
Thanks for that stuff. will check therm out the forex angle is sweet wrt BMO.. but the rest of their nonsense is terrible,.. |
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| From: Cogito Ergo Sum | 3/23/2021 3:43:12 PM | | | | | | We have lots of those CCTV cams in Canada .. for G20 summit.. promised to be temporary LOL.. still there...
I smile when I see the us/them of country vs country .. all governments are doing the same chit.. some call it public good .. some stability .. some stability ... US/Canada/EU not different than China.. so much western hypocrisy LOl Swallowed by so many ...
Message 33253326 |
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| To: Cogito Ergo Sum who wrote (2368) | 3/25/2021 8:17:30 PM | | From: stuffbug | | | | diwersification has its limits.
--- lol
Do you remember Amazon Mining (Brazilian potash)?
It peaked about 10 years ago at over $11 - 7 cents to $11 in 28 months.
Now called Verde, same CEO, Cristiano kept the dilution to a minimum.
Less than 50 million shares outstanding (probably 55 mm with options)
Share price almost tagged $2 this month (from a 52 week low of 26 cents) as momo traders came in.
Correction chased the momo guys out, with price back down to $1.35 (the breakout area).
Verde (NPK) is now a producer of chloride free potash.
Far better for agriculture and simplifies production - dig, scoop, bag and ship.
Production started about 2 years ago, the ramp up progressing slower than forecast (not enough sales, but volume is steadily increasing year over year).
Most important point - positive earnings and cash flow.
Earnings to be released March 30, online conference call April 7 - investors can submit questions.
Can't trade Verde using Wealth Simple - not on their list. |
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