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KMW Blog July 9, 2016: Episode #3 - Searching for Rescue Candidates among Zombie Juniors starting with Letter L

Posted: Jul 9, 2016JK: Episode #3 - Searching for Rescue Candidates among Zombie Juniors starting with Letter L
Published: Jul 7, 2016ABR: Zombie Search and Rescue Mission #3: The hunt for junior mining Zombie Stocks continues

The Zombie Search and Rescue Mission is a collaboration between Allan Barry Laboucan of AllanBarryReports and John Kaiser of Kaiser Research Online where the goal is to demonstrate the research of distressed juniors by using the KRO Search Engine and other KRO features to search for "zombie" companies and check them out in order to make a "yes", "maybe" or "no" decision as to whether or not the junior deserves to be rescued from the Zombie Wasteland. For more background see KMW Blog: ZSRM Episode #1.

Where Allan and John are unanimous about a yes or no, that company will be tagged as a Zombie Rescue Target - Yes or Zombie Rescue Target - No. The rest will be tagged as Zombie Rescue Target - Maybe. The 3 zombie categories are available as Special Parameter criteria in the KRO Search Engine (the 3 links above are direct links). The table below does not tell you what the judgment was, but it does take you directly to each zombie's segment. Those who are full KRO members are urged to check the links above to see which zombies ended up where, and use the table below to find the segment where that zombie is discussed. (First Time Registrations or Returning Members.)

Video URL Links
Episode #3 Zombies:Lakeside Minerals Inc (LAK.H-V)7:08

Scandium Misery Lake Detour14:30

Lamelee Iron Ore Ltd (LIR-V)20:30

Laurion Mineral Exploration Inc (LME-V)25:00

Lomiko Metals Inc (LMR-V)39:30

Lorraine Copper Corp (LLC-V)40:05

Lucky Minerals Inc (LJ-V)58:46
Prior Zombie Rescue Updates:Adamera Minerals Ltd (ADZ-V) 49:15

Finlay Minerals Ltd (FYL-V)49:55

First Point Minerals Corp (FPX-T)50:18

Fjordland Explorations Inc (FEX-V)52:35
Diamond Update:Peregrine Diamonds Ltd (PGD-T)49:15

The Zombie Search criteria consist of "listed and trading companies," and "only resource companies" in the Special Parameters box, "less than $0.10" in the Price Range box, "negative $1,000,000 to positive $199,000" ranges in the Working Capital box, and all the Project Priority boxes unchecked (the companies with no projects will otherwise not show up). The $0-$199,000 working capital range is included in the zombie definition because that is barely enough money to stay alive for another year, and in many cases the true working capital is negative because current assets include non-cash equivalents such as "receivables" that will never be received or "marketable securities" that have no bid. For this search to work one must be logged on as an active KRO member. If the search does not deliver too many hits, clicking "all pages" after the first group displays will display the entire list.

Episode #3 investigates zombies beginning with the letter L which yielded 6 zombies as of July 7, 2016 (there were 7 but one escaped our scrutiny by jumping to $0.11 the day before). Two juniors were tagged as yes, none as maybe, and four as no. Episode #3 is only one hour long and includes a look at some of the zombies tagged for rescue in the earlier episodes. It finishes with a brief discussion about Peregrine Diamonds Ltd which published its Chidliak PEA that morning. The PEA's after-tax NPV at CAD $471 million came in somewhat lower than the $700 million projected by my most recent Outcome Visualization for Chidliak which I have now retired. My SVH Tracker - July 7, 2016 analyzes the PEA.


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