If any of you bothered to scan back through my old posts you may have come across a couple of picks of mine I really like but are stuck in two different situations. One is V.EMG - Emergeo Solutions, a Vancouver tech company that may be on the cusp of some nice contracts and the second one, V.SPW.P which is a capital pool company that is currently halted the last few months while they complete their oil deal in Thailand.
EMG is just a matter of patience and understanding of how long it takes in this new business environment to close a deal and SPW is a matter of completing long winded paperwork and raise some cash. I hope to see it trading by end of September and will be one to watch with the huge success of other companies drilling for oil in Thailand where Shell paved the way.
My new pick is V.COO.P, Colonnade Capital, a capital pool company I have been sitting on a while now, but surprised me today with a press release that they are now focussing on lithium properties and one in particular in Nevada that a private company has the 100% rights to , and that is only 12 miles from the lone lithium processing plant in North America.
One note of caution: the deal is not set in stone but COO has the ROFR (right of first refusal) so I would hazard a guess by the trading action the last few days that it may well be, but nothing is for sure til it's official. It traded up to 50 cents today before pulling back to a 40 cent close so I would watch the trading patterns close before leaping in. Check out the press release for Colonnade Capital on Google or any other stock site and it should show up.
I really like the management here and they only have about 4.5 million shares out, so you have to assume a tight insider holding and not much liquidity but the market depth looks pretty decent the past couple of days considering the low float.
As I have stated before, I take no responsibility for any losses, I am not an adviser....but if you make some bucks, I'll take some kudos. ;)
Feel free to post your picks too, the more the merrier.
Good luck !
No comments:
Post a Comment