| Bottom-Fish Buy Recommendation cycles are opened through an explicit buy recommendation made through a Tip of the Day, a Tracker, an Express or a Bottom-Fish Action comment. Bottom-Fish buy recommendations are assigned a priority of "top", "medium", "low" or "extreme risk", and one of a standard set of bottom-fish accumulation price ranges. All return calculations are made using the upper limit of the buy range even when a bottom-fish is trading at the lower end of the range when the bottom-fish cycle is opened.
When a bottom-fish trades above the bottom-fish buy range for reasons John Kaiser deems to constitute a new speculation cycle, the bottom-fish buy recommendation will be changed to a Spec Cycle Hold 100% recommendation. A speculation cycle is underway when the company's story starts to evolve and attracts a larger audience which drives up the company's stock price. This status change is usually made in conjunction with a published comment explaining the nature of the speculation cycle.
Once a Spec Cycle Hold status has been assigned to a bottom-fish buy cycle the focus of the Kaiser Bottom-Fishing system shifts to optimizing the selling strategy. Because the goal of the Kaiser Bottom-Fishing System is to identify "bottom-fish" which have the potential to embark on speculation cycles offering peak gains of 500% or better from the bottom-fish buy limit, a bottom-fish no longer qualifies as a "bottom-fish" buy once a speculation cycle has begun.
Sells are generally issued in increments or multiples of 25% characterized as "Partial Sells". John Kaiser issues partial sells when the speculation cycle plateaus, when a significant information flow delay develops, or when a stock represents poor speculative value as defined by the rational speculation model. Because the concept of speculative value is fluid in the sense that it is affected by dream target visualization, market pricing, and changing fundamentals, it is possible that a stock may represent poor speculative value today, and good speculative value tomorrow even though the price is higher tomorrow. Regardless how circumstances force changes in the outlook for a stock, the bottom-fishing system never looks back because bottom-fish buying is done only at the bottom, and the rest of the cycle is all about selling. Because bottom-fishers sell some too soon and some too late, they never call it perfectly.
Bottom-fish cycles are closed out when the Partial Sells total 100%. During the interim the bottom-fish recommendation status will look something like "Spec Cycle Hold 50%", which means that at least half the position has been sold. Unfortunately not all bottom-fish cycles undergo a significant speculation cycle. Some are duds right from the start, while others mount speculation cycles that are feeble or fail quickly. And sometimes a downturn in the overall market cycle destroys the bottoms juniors have been forming, forcing "bottom-fish" to build new bottoms well below the recommended bottom-fish buy range. In these cases the bottom-fish cycle can be closed out with a "Bottom-Fish Dud Sell 100%" recommendation, which signals John Kaiser's view that a speculation cycle with 500% plus amplitude is very unlikely from the new low price for this company. Or the cycle is closed out with a gentler "Closeout old recommendation" which signals that the company may be a candidate for a new bottom-fish cycle at current levels. In either case John Kaiser takes his lumps by deeming the $1,000 position theoretically bought at the buy limit sold at the market price prevailing at the time of the closeout.
The following represents bottom-fish cycles closed out during 2005.
BF Since: |
1/9/2002 |
Closed Out: |
4/26/2005 |
Updated: |
4/26/2005 |
BF Status: |
Closeout Hold 0% |
BF Buy Range: |
$0.10-$0.19 |
Priority: |
Medium |
Interim Hi: |
$0.27 |
42% |
Lo: |
$0.04 |
-79% |
Actual Gain: |
-76% |
Issued: |
28,742,853 |
Insiders: |
4% |
Updated: |
1/9/2002 |
Current: |
$0.09 |
Diluted: |
30,642,853 |
Institutions: |
0% |
Life Cycle: |
Dead |
2 YR Hi: |
$0.20 |
WC: |
$2,204,893 |
JK Owns: |
No |
TROCL Risk: |
High |
2 YR Lo: |
$0.08 |
Tel: |
(604) 685-6580 |
People: |
Jim Currie |
Featured As: |
Ex-Bottom-Fish |
Story: |
Mineral Exploration |
Beta Minerals was founded around the exploration assets of the former Highwood Resources in 2002. The company was halted in July 2007 for an acquisition of Namibian Westport Ltd. that would have shifted Beta's focus to Africa, but in October 2007 the transaction was bandoned. As a result, Beta's flagship remains its epithermal quartz-adularia vein stockwork Easter project in Lincoln County Nevada. |
Bottom-Fish Cycle Opened: | Jan 9, 2002 | Closed Out: | Apr 26, 2005 | Buy Range: | $0.10-$0.19 |
---|
Interim High: | $0.27 | 42% | 11/26/2003 | Low: | $0.04 | -79% | 11/15/2004 | Cumulative Return: | -76% |
---|
Date |
Price |
|
Recommendation |
Action |
Net Cash |
Net Stock |
Gain |
New Status |
12/5/1995 |
$0.60 |
|
New BF MP Buy $0.50-$0.75 |
Buy 1,333 @ $0.75 |
$0 |
1,333 |
|
BF Buy $0.50-$0.75 |
12/1/1997 |
$0.70 |
|
Confirm BF MP Buy $0.50-$0.75 |
|
$0 |
1,333 |
-7% |
BF Buy $0.50-$0.75 |
12/11/1998 |
$0.62 |
|
Confirm BF MP Buy $0.50-$0.75 |
|
$0 |
1,333 |
-17% |
BF MP Buy $0.50-$0.75 |
1/5/2000 |
$0.60 |
|
Confirm BF MP Buy $0.50-$0.75 |
|
$0 |
1,333 |
-20% |
BF MP Buy $0.50-$0.75 |
1/9/2002 |
$0.15 |
|
BF Cycle Closeout Sell 100% |
Sell 1,333 @ $0.15 |
$200 |
0 |
-80% |
Closeout Hold 0% |
1/9/2002 |
$0.15 |
|
New BF MP Buy $0.10-$0.19 |
Buy 5,263 @ $0.19 |
$0 |
5,263 |
|
BF MP Buy $0.10-$0.19 |
12/13/2002 |
$0.09 |
|
BF Cycle Closeout Sell 100% |
|
$0 |
5,263 |
-53% |
BF MP Buy $0.10-$0.19 |
4/26/2005 |
$0.05 |
|
BF Dud Sell 100% |
Sell 5,263 @ $0.05 |
$263 |
0 |
-74% |
Closeout Hold 0% |
Summary Updated: |
| Current Status: | Closeout Hold 0% |
---|
BF Since: |
11/28/1994 |
Closed Out: |
2/22/2005 |
Updated: |
2/22/2005 |
BF Status: |
Closeout Hold 0% |
BF Buy Range: |
$0.30-$0.49 |
Priority: |
N/A |
Interim Hi: |
$0.70 |
43% |
Lo: |
$0.05 |
-90% |
Actual Gain: |
-80% |
Issued: |
34,677,592 |
Insiders: |
12% |
Updated: |
|
Current: |
$0.04 |
Diluted: |
40,805,342 |
Institutions: |
0% |
Life Cycle: |
Mid |
2 YR Hi: |
$0.85 |
WC: |
($148,308) |
JK Owns: |
No |
TROCL Risk: |
N/A |
2 YR Lo: |
$0.02 |
Tel: |
(604) 984-6270 |
People: |
Bahman Yamini |
Featured As: |
Ex-Bottom-Fish |
Story: |
Mineral Exploration |
BF Since: |
12/11/1998 |
Closed Out: |
12/30/2005 |
Updated: |
12/30/2005 |
BF Status: |
Closeout Hold 0% |
BF Buy Range: |
$0.30-$0.49 |
Priority: |
Medium |
Interim Hi: |
$0.65 |
33% |
Lo: |
$0.15 |
-69% |
Actual Gain: |
-61% |
Issued: |
33,968,207 |
Insiders: |
23% |
Updated: |
|
Current: |
$0.63 |
Diluted: |
41,560,318 |
Institutions: |
1% |
Life Cycle: |
Mid |
2 YR Hi: |
$0.68 |
WC: |
$184,597 |
JK Owns: |
No |
TROCL Risk: |
Low |
2 YR Lo: |
$0.25 |
Tel: |
(604) 922-7377 |
People: |
Alan Savage; Paul Gray |
Featured As: |
Ex-Bottom-Fish, Game-Fish |
Story: |
Mineral Exploration |
Doublestar Resources Ltd amalgamated with Selkirk Metals Corp on a 2:1 basis on August 1, 2007. |
Bottom-Fish Cycle Opened: | Dec 11, 1998 | Closed Out: | Dec 30, 2005 | Buy Range: | $0.30-$0.49 |
---|
Interim High: | $0.65 | 33% | 10/12/1999 | Low: | $0.15 | -69% | 12/13/2001 | Cumulative Return: | -61% |
---|
Date |
Price |
|
Recommendation |
Action |
Net Cash |
Net Stock |
Gain |
New Status |
12/11/1998 |
$0.40 |
|
New BF MP Buy $0.30-$0.49 |
Buy 2,041 @ $0.49 |
$0 |
2,041 |
|
BF MP Buy $0.30-$0.49 |
1/5/2000 |
$0.49 |
|
Confirm BF MP Buy $0.30-$0.49 |
|
$0 |
2,041 |
0% |
BF MP Buy $0.30-$0.49 |
12/30/2005 |
$0.19 |
|
BF Cycle Closeout Sell 100% |
Sell 2,041 @ $0.19 |
$388 |
0 |
-61% |
Closeout Hold 0% |
Summary Updated: |
| Current Status: | Closeout Hold 0% |
---|
BF Since: |
12/1/1997 |
Closed Out: |
2/22/2005 |
Updated: |
2/22/2005 |
BF Status: |
Closeout Hold 0% |
BF Buy Range: |
$0.30-$0.49 |
Priority: |
N/A |
Interim Hi: |
$0.54 |
10% |
Lo: |
$0.02 |
-96% |
Actual Gain: |
-82% |
Issued: |
47,950,332 |
Insiders: |
5% |
Updated: |
|
Current: |
$0.42 |
Diluted: |
60,255,466 |
Institutions: |
5% |
Life Cycle: |
Late |
2 YR Hi: |
$0.48 |
WC: |
$2,078,514 |
JK Owns: |
No |
TROCL Risk: |
Medium |
2 YR Lo: |
$0.36 |
Tel: |
(604) 681-4402 |
People: |
Chris Graf |
Featured As: |
Ex-Bottom-Fish, Game-Fish |
Story: |
Mineral Exploration |
Ecstall Mining Corp was delisted on March 27, 2007 following a successful paper takeover bid by Mantle Resources Ltd (MTS-V) whereby Mantle issued 0.41 Mantle share for each Ecstall share. Mantle's primary asset was a 65% interest in the Akie zinc-lead sedex deposit in northeastern British Columbia which it had earned from Ecstall. The bid was initially hostile, but after a revision which included a promise to spin out Ecstall's non-core gold assets at a future date into a company to be run by Ecstall's Chris Graf, the bid was accepted by Ecstall. |
Bottom-Fish Cycle Opened: | Dec 1, 1997 | Closed Out: | Feb 22, 2005 | Buy Range: | $0.30-$0.49 |
---|
Interim High: | $0.54 | 10% | 1/5/1998 | Low: | $0.02 | -96% | 12/13/2001 | Cumulative Return: | -82% |
---|
Date |
Price |
|
Recommendation |
Action |
Net Cash |
Net Stock |
Gain |
New Status |
11/28/1994 |
$0.75 |
|
New BF MP Buy $0.50-$0.75 |
Buy 1,333 @ $0.75 |
$0 |
1,333 |
|
BF Buy $0.50-$0.75 |
12/23/1996 |
$0.54 |
|
Confirm BF MP Buy $0.50-$0.75 |
|
$0 |
1,333 |
-28% |
BF Buy $-.50-$0.75 |
12/1/1997 |
$0.35 |
|
BF Cycle Closeout Sell 100% |
Sell 1,333 @ $0.35 |
$467 |
0 |
-53% |
Closeout Hold 0% |
12/1/1997 |
$0.35 |
|
New BF MP Buy $0.30-$0.49 |
Buy 2,041 @ $0.49 |
$0 |
2,041 |
|
BF Buy $0.30-$0.49 |
2/22/2005 |
$0.09 |
|
BF Cycle Closeout Sell 100% |
Sell 2,041 @ $0.09 |
$184 |
0 |
-82% |
Closeout Hold 0% |
Summary Updated: |
| Current Status: | Closeout Hold 0% |
---|
Ecstall was introduced as a bottom-fish buy in the $0.50-$0.75 in the November 28, 1994 issue of the Kaiser Bottom-Fishing Report on the basis of the Gataga-Akie sedex zinc-lead play in northeast British Columbia. Ecstall had its best performance in 1995 when it hit $1.90 on July 17, 1995 amind speculation about the zinc-lead play. Results never confirmed a discovery with a scale comparable to the nearby Cirque deposit. The stock pulled back and was repeated as a bottom-fish buy in the $0.50-$0.75 range on December 23, 1996. The post Bre-X fallout dragged the stock lower, so on December 1, 1997 it was closed out and replaced with a new bottom-fish buy recommendation in the $0.30-$0-.49 range. Ecstall became involved in the Alberta diamond play, but the highest the stock got was $0.54 on January 5, 1998. It then fell into a deep trough, trading as low as $0.02 on November 8, 2002. Ecstall's second bottom-fish cycle was never closed out. In 2003 Ecstall abandoned its diamond quest and started acquiring gold prospects in southern British Columbia. |
BF Since: |
12/23/1996 |
Closed Out: |
12/30/2005 |
Updated: |
12/30/2005 |
BF Status: |
Closeout Hold 0% |
BF Buy Range: |
$0.30-$0.49 |
Priority: |
Medium |
Interim Hi: |
$0.75 |
53% |
Lo: |
$0.01 |
-98% |
Actual Gain: |
-69% |
Issued: |
44,865,239 |
Insiders: |
10% |
Updated: |
|
Current: |
$0.06 |
Diluted: |
47,780,239 |
Institutions: |
0% |
Life Cycle: |
Mid |
2 YR Hi: |
$0.30 |
WC: |
($596,759) |
JK Owns: |
No |
TROCL Risk: |
Medium |
2 YR Lo: |
$0.03 |
Tel: |
(604) 669-5768 |
People: |
David Dupre |
Featured As: |
Ex-Bottom-Fish |
Story: |
Mineral Exploration |
Bottom-Fish Cycle Opened: | Dec 23, 1996 | Closed Out: | Dec 30, 2005 | Buy Range: | $0.30-$0.49 |
---|
Interim High: | $0.75 | 53% | 1/16/1997 | Low: | $0.01 | -98% | 9/27/2002 | Cumulative Return: | -69% |
---|
Date |
Price |
|
Recommendation |
Action |
Net Cash |
Net Stock |
Gain |
New Status |
12/23/1996 |
$0.47 |
|
New BF MP Buy $0.30-$0.49 |
Buy 2,041 @ $0.49 |
$0 |
2,041 |
|
BF Buy $0.30-$0.49 |
12/30/2005 |
$0.15 |
|
BF Cycle Closeout Sell 100% |
Sell 2,041 @ $0.15 |
$306 |
0 |
-69% |
Closeout Hold 0% |
Summary Updated: |
| Current Status: | Closeout Hold 0% |
---|
Firesteel was adopted as a bottom-fish buy in the $0.30-$0.49 range on December 23, 1996. Apart from a brief rally to $0.75 in early 1997, Firesteel has spent the last six years crawling alon g the bottom, trading as low as $0.01 on November 20, 2002. Firesteel was never closed out as a bottom-fish. |
BF Since: |
12/1/1997 |
Closed Out: |
1/11/2005 |
Updated: |
1/11/2005 |
BF Status: |
Close Hold 0% |
BF Buy Range: |
$0.50-$0.75 |
Priority: |
Medium |
Interim Hi: |
$0.95 |
27% |
Lo: |
$0.08 |
-89% |
Actual Gain: |
-83% |
Issued: |
55,143,244 |
Insiders: |
5% |
Updated: |
|
Current: |
$0.06 |
Diluted: |
59,398,244 |
Institutions: |
0% |
Life Cycle: |
Late |
2 YR Hi: |
$0.27 |
WC: |
$96,889 |
JK Owns: |
No |
TROCL Risk: |
Medium |
2 YR Lo: |
$0.02 |
Tel: |
(604) 681-8600 |
People: |
Peter Bradshaw |
Featured As: |
Ex-Bottom-Fish |
Story: |
Mineral Exploration |
Bottom-Fish Cycle Opened: | Dec 1, 1997 | Closed Out: | Jan 11, 2005 | Buy Range: | $0.50-$0.75 |
---|
Interim High: | $0.95 | 27% | 6/30/1998 | Low: | $0.08 | -89% | 12/22/2000 | Cumulative Return: | -83% |
---|
Date |
Price |
|
Recommendation |
Action |
Net Cash |
Net Stock |
Gain |
New Status |
12/1/1997 |
$0.50 |
|
New BF MP Buy $0.50-$0.75 |
Buy 1,333 @ $0.75 |
$0 |
1,333 |
|
BF Buy $0.50-$0.75 |
11/18/1998 |
$0.65 |
|
Priority Upgrade to Medium |
|
$0 |
1,333 |
-13% |
BF MP Buy $0.50-$0.75 |
1/11/2005 |
$0.13 |
|
BF Cycle Closeout Sell 100% |
Sell 1,333 @ $0.13 |
$174 |
0 |
-83% |
Closeout Hold 0% |
Summary Updated: |
| Current Status: | Close Hold 0% |
---|
First Point Minerals Corp was adopted as a bottom-fish buy in the $0.50-$0.75 on December 1, 1997 as part of the Bottom-Fish 100 List for 1998. It was headed by a pair of well-respected geologists who developed a focus on Central America, in particular Honduras where its flagship play became the Cacamuya gold-silver project. In early 2003 First Point shifted its attention to the Rio Luna low sulphidation epithermal gold prospect in Nicaragua. Throughout this period First Point provided little in the form of speculation cycles as the market waited for the junior to deliver results signalling a major discovery. The stock managed annual runs to the $0.50-$0.60 level, though with decreasing vigour over the years. In early 2005 First Point had reached a crossroads where the Rio Luna project needed a $2-3 million program but the stock was trading at $0.13 with 32 million issued. Would First Point pursue a reorganization and refinance from a smaller issued stock base, farm in its key projects out to others and tread water, or would it do a major dilutionary financing to fund one final make or break program on Rio Luna? I had not commented on First Point since late 1998, and left the high priced bottom-fish recommendation in place. On January 11, 2005 I closed out the old recommendation at $0.13 to crystalize a 82% loss from the $0.75 buy limit set in late 1997. The Rio Luna play has excellent potential to deliver a medium grade gold resource in the 500,000 to 1,000,000 ounce range based on the footprint of the vein system and the grades so far found. Should management decide to take dilution and push forward with a full-blown program in 2005 on Rio Luna I would treat this as a top prority bottom-fish buy in the $0.10-$0.19 range. |
BF Since: |
12/11/1998 |
Closed Out: |
12/30/2005 |
Updated: |
12/30/2005 |
BF Status: |
Closeout Hold 0% |
BF Buy Range: |
$0.20-$0.29 |
Priority: |
Top |
Interim Hi: |
$0.55 |
90% |
Lo: |
$0.11 |
-62% |
Actual Gain: |
-45% |
Issued: |
63,923,664 |
Insiders: |
3% |
Updated: |
10/10/2003 |
Current: |
$0.04 |
Diluted: |
93,221,164 |
Institutions: |
0% |
Life Cycle: |
Late |
2 YR Hi: |
$0.40 |
WC: |
$1,263,314 |
JK Owns: |
No |
TROCL Risk: |
High |
2 YR Lo: |
$0.02 |
Tel: |
(514) 842-0084 |
People: |
Bob Casaceli |
Featured As: |
Ex-Bottom-Fish |
Story: |
Mineral Exploration |
Bottom-Fish Cycle Opened: | Dec 11, 1998 | Closed Out: | Dec 30, 2005 | Buy Range: | $0.20-$0.29 |
---|
Interim High: | $0.55 | 90% | 3/3/2000 | Low: | $0.11 | -62% | 8/15/2005 | Cumulative Return: | -45% |
---|
Date |
Price |
|
Recommendation |
Action |
Net Cash |
Net Stock |
Gain |
New Status |
12/5/1995 |
$0.59 |
|
New BF MP Buy $0.50-$0.75 |
Buy 1,333 @ $0.75 |
$0 |
1,333 |
|
BF Buy $0.50-$0.75 |
12/1/1997 |
$0.43 |
|
BF Cycle Closeout Sell 100% |
Sell 1,333 @ $0.43 |
$573 |
0 |
-43% |
Closeout Hold 0% |
12/1/1997 |
$0.43 |
|
New BF MP Buy $0.30-$0.49 |
Buy 2,041 @ $0.49 |
$0 |
2,041 |
|
BF Buy $0.30-$0.49 |
12/11/1998 |
$0.29 |
|
BF Cycle Closeout Sell 100% |
Sell 2,041 @ $0.29 |
$592 |
0 |
-41% |
Closeout Hold 0% |
12/11/1998 |
$0.29 |
|
New BF TP Buy $0.20-$0.29 |
Buy 3,448 @ $0.29 |
$0 |
3,448 |
|
BF TP Buy $0.20-$0.29 |
1/5/2000 |
$0.26 |
|
Confirm BF TP Buy $0.20-$0.29 |
|
$0 |
3,448 |
-10% |
BF TP Buy $0.20-$0.29 |
12/30/2005 |
$0.16 |
|
BF Cycle Closeout Sell 100% |
Sell 3,448 @ $0.16 |
$552 |
0 |
-45% |
Closeout Hold 0% |
Summary Updated: | December 31, 2005 | Current Status: | Closeout Hold 0% |
---|
Franc-Or Resources Corp (FOR-T) is a case study of how bad management can turn a cash rich bottom-fish into a disaster. Franc-Or had already had a good bottom-fish cycle thanks to a bottom-fish buy recommendation made December 5, 1995 in the $0.50-$0.75 range. Franc-Or peaked at $4.40 on October 30, 1996 for a gain of 487% before succumbing to the Bre-X market fallout. When the exploration boom collapsed in 1997 Franc-Or was left with $12 million in working capital, gold assets in French Guiana, and a cheap stock price that prompted me to close out the old recommendation at $0.43 and issue a new buy recommendation in the $0.30-$0.49 range. The French Guiana assets got bogged down in some sort of political quagmire and eventually disappeared. On December 11, 1998 I closed out the second bottom-fish cycle at $0.29 for a loss of 41% from the $0.49 buy limit, and issued a new top priority buy in the $0.20-$0.29 range. The company still had $8 million left when I confirmed Franc-Or as a top priority buy on January 5, 2000. Throughout this period Bob Casaceli looked at countless resource sector projects but was unable to make a decision except on a weak Nevada exploration joint venture that delivered nothing before it was dissolved. The pressure to do a deal drove Casaceli into the non-resource sector in 2000. Franc-Or briefly pursued a merger with a debt laden high school ring manufacturer that eventually had to undergo a financial reorganization at a share price that was a fraction that of the proposed Franc-Or merger terms. Franc-Or then invested $3 million for equity in a private AIDS kit developer that failed to prove its diagnostic test worked. Throughout this Franc-Or operated with a high level of overhead that served management well during the bear market years but accomplished nothing for shareholders. By 2002 the company's treasury was below $2 million and Franc-Or managed to complete a $1 million unit financing at $0.37. The company has become a market orphan with a serious credibility problem. During the mid-nineties Franc-Or had the support of Pierre Lassonde, which resurfaced in 2004 with strings attached when Newmont agreed to invest $4 million at $0.16 for subscription receipts it agreed to convert into units if Franc-Or could secure a 60% option on a Russian gold project that was satisfactory to Newmont. The deadline was initially 4 months, but it has since been extended several times with the latest deadline set at May 18, 2006. A deal to option the Bugdainskoe gold project was struck in December 2005, but Franc-Or's due diligence unearthed certain title problems that the vendor has not resolved, and with the term of the memorandum of understanding expired this deal appears to be dead in the water. By the end of 2005 Franc-Or was actively looking for projects elsewhere in the world and it looks like the subscription receipts will have to be returned to Newmont in May 2006. Newmont has converted part of its subscription receipts into 2,067,900 units making it the largest shareholder in Franc-Or at 7.4% with slightly more shares than Bob Caseceli. Franc-Or had about $1.4 million working capital left in September 2005, which does not include the Newmont money. Effective December 30 I closed out the bottom-fish cycle at $0.16 for a 45% loss from the $0.29 buy limit. Technically Franc-Or bears watching as a bottom-fish because it has money and a TSX listing, but until there is a management overhaul and a new story that is not dilutionary to minority shareholders Franc-Or is not worthy of a bottom-fish buy recommendation. |
BF Since: |
12/11/1998 |
Closed Out: |
12/30/2005 |
Updated: |
12/30/2005 |
BF Status: |
Closeout Hold 0% |
BF Buy Range: |
$0.30-$0.49 |
Priority: |
Low |
Interim Hi: |
$0.99 |
102% |
Lo: |
$0.06 |
-88% |
Actual Gain: |
-71% |
Issued: |
34,997,973 |
Insiders: |
1% |
Updated: |
10/20/2003 |
Current: |
$0.03 |
Diluted: |
34,997,973 |
Institutions: |
0% |
Life Cycle: |
Late |
2 YR Hi: |
$0.30 |
WC: |
$319,598 |
JK Owns: |
No |
TROCL Risk: |
High |
2 YR Lo: |
$0.01 |
Tel: |
(604) 688-8286 |
People: |
Lee Balak |
Featured As: |
Ex-Bottom-Fish |
Story: |
Diamond Exploration |
Bottom-Fish Cycle Opened: | Dec 11, 1998 | Closed Out: | Dec 30, 2005 | Buy Range: | $0.30-$0.49 |
---|
Interim High: | $0.99 | 102% | 9/20/2000 | Low: | $0.06 | -88% | 12/11/2002 | Cumulative Return: | -71% |
---|
Date |
Price |
|
Recommendation |
Action |
Net Cash |
Net Stock |
Gain |
New Status |
12/11/1998 |
$0.28 |
|
New BF MP Buy $0.30-$0.49 |
Buy 2,041 @ $0.49 |
$0 |
2,041 |
|
BF MP Buy $0.30-$0.49 |
1/5/2000 |
$0.27 |
|
Priority Downgrade to Low |
|
$0 |
2,041 |
-45% |
BF LP Buy $0.30-$0.49 |
12/30/2005 |
$0.14 |
|
BF Dud Sell 100% |
Sell 2,041 @ $0.14 |
$286 |
0 |
-71% |
Closeout Hold 0% |
Summary Updated: | December 31, 2005 | Current Status: | Closeout Hold 0% |
---|
Gee-Ten Ventures Inc (GTV-V) was recommended a medium priority bottom-fish buy in the $0.30-$0.49 range on December 11, 1998 on the basis of its status as well structured shell linked to Paul Shatzko. My presumption was that Shatzko would turn his attention to Gee-Ten once he had achieved an exit strategy for Mountain Province, but Mountain Province's exploration cycle under De Beers dragged on for years with various ups and downs. Shatzko eventually retired from Mountain Province without the big score, and did not put any serious effort into Gee-Ten. On January 5, 2000 I downgraded the priority to low. During 2001 Gee-Ten somewhat belatedly hopped onto the dot-com bandwagon with a Chinese online hotel booking project that went nowhere. In 2002 Gee-Ten dabbled in a fuel efficiency device that did not work. The company was declared inactive in 2002, to which it responded by resurrecting its Bald Mountain project in Nevada which it farmed out 50% in 2005. A significant focus shift took place in 2003 when an alliance was formed with a Montreal group that secured a 40% option on the Kuvo diamond concession in Angola, but by September 2005 the vendor group had declared Gee-Ten in default. Gee-Ten disputes the default, but its actions, namely issuing paper for a Quebec gold project, suggest it is not serious about pursuing the Kuvo diamond project. By August 2005 Gee-Ten had a working deficit in excess of $150,000 and a $115,878 monthly overhead burn rate. Effective December 30, 2005 Gee-Ten's bottom-fish cycle was closed out with a Bottom-Fish Dud Sell 100% recommendation at $0.14 for a loss of 71%. Gee-Ten achieved an interim high of $0.99 for a 102% gain and an interim low of $0.06 for a loss of 88%. |
BF Since: |
12/23/1996 |
Closed Out: |
2/22/2005 |
Updated: |
2/22/2005 |
BF Status: |
Closeout Hold 0% |
BF Buy Range: |
$0.50-$0.75 |
Priority: |
Medium |
Interim Hi: |
$1.00 |
33% |
Lo: |
$0.10 |
-87% |
Actual Gain: |
-76% |
Issued: |
226,122,144 |
Insiders: |
5% |
Updated: |
|
Current: |
$0.04 |
Diluted: |
242,789,205 |
Institutions: |
0% |
Life Cycle: |
Mid |
2 YR Hi: |
$0.77 |
WC: |
($21,296,678) |
JK Owns: |
No |
TROCL Risk: |
Medium |
2 YR Lo: |
$0.01 |
Tel: |
(514) 393-4343 |
People: |
Gordon Bub; Jean Depatie |
Featured As: |
Ex-Bottom-Fish |
Story: |
Mineral Exploration |
Gold Hawk achieved commercial production at its 600 tonne per day polymetallic
Coricanacha Mine in Peru in October 2007. |
Bottom-Fish Cycle Opened: | Dec 23, 1996 | Closed Out: | Feb 22, 2005 | Buy Range: | $0.50-$0.75 |
---|
Interim High: | $1.00 | 33% | 5/27/2002 | Low: | $0.10 | -87% | 11/19/2002 | Cumulative Return: | -76% |
---|
Date |
Price |
|
Recommendation |
Action |
Net Cash |
Net Stock |
Gain |
New Status |
12/23/1996 |
$0.66 |
|
New BF MP Buy $0.50-$0.75 |
Buy 1,333 @ $0.75 |
$0 |
1,333 |
|
BF Buy $0.50-$0.75 |
2/22/2005 |
$0.18 |
|
BF Cycle Closeout Sell 100% |
Sell 1,333 @ $0.18 |
$240 |
0 |
-76% |
Closeout Hold 0% |
Summary Updated: |
| Current Status: | Closeout Hold 0% |
---|
BF Since: |
10/14/2004 |
Closed Out: |
12/30/2005 |
Updated: |
12/30/2005 |
BF Status: |
Closeout Hold 0% |
BF Buy Range: |
$0.30-$0.49 |
Priority: |
Top |
Interim Hi: |
$0.53 |
8% |
Lo: |
$0.10 |
-80% |
Actual Gain: |
-76% |
Issued: |
20,319,024 |
Insiders: |
5% |
Updated: |
10/14/2004 |
Current: |
$0.07 |
Diluted: |
27,111,805 |
Institutions: |
0% |
Life Cycle: |
Mid |
2 YR Hi: |
$1.45 |
WC: |
$1,098,596 |
JK Owns: |
No |
TROCL Risk: |
Medium |
2 YR Lo: |
$0.04 |
Tel: |
(604) 685-8666 |
People: |
Barry Coughlan |
Featured As: |
Ex-Bottom-Fish |
Story: |
Mineral Exploration |
Bottom-Fish Cycle Opened: | Oct 14, 2004 | Closed Out: | Dec 30, 2005 | Buy Range: | $0.30-$0.49 |
---|
Interim High: | $0.53 | 8% | 10/15/2004 | Low: | $0.10 | -80% | 12/19/2005 | Cumulative Return: | -76% |
---|
Date |
Price |
|
Recommendation |
Action |
Net Cash |
Net Stock |
Gain |
New Status |
10/14/2004 |
$0.48 |
|
New BF TP Buy $0.30-$0.49 |
Buy 2,041 @ $0.49 |
$0 |
2,041 |
|
BF TP Buy $0.30-$0.49 |
12/30/2005 |
$0.12 |
|
BF Cycle Closeout Sell 100% |
Sell 2,041 @ $0.12 |
$245 |
0 |
-76% |
Closeout Hold 0% |
Summary Updated: | December 31, 2005 | Current Status: | Closeout Hold 0% |
---|
Icon Industries Ltd (ICN-V) was recommended on October 14, 2004 as a top priority bottom-fish buy in the $0.30-$0.49 range on the basis of the company's proposed acquisition of the Rio Negro nickel laterite project in Guatemala from insider Barry Coughlan. Icon had a fairly tight structure, being the reorganized successor to Ghana Goldfields which did well during the 1995-97 bull cycle. Because the Rio Negro acquisition was non-arms-length the TSXV insisted that approval was subject to Icon completing a $3 million financing. Although Rio Negro has a 43-101 non-compliant resource with estimates by past operators as high as 40.2 million tonnes of 1.24% nickel, like all laterites, the real issue with Rio Negro is metallurgical in nature. Although the deal helped Icon close two private placements of 1.4 million units at $0.30 and 500,000 units at $0.40, Icon was unable to raise the $3 million equity required by the TSXV and the agreement expired in October 2005. The problem was that management's strategy was entirely parasitic on another junior called Jaguar Nickel whose nearby Sechol deposit enjoyed a hefty implied project value. In March 2005 Jaguar Nickel dropped a bombshell on its shareholders with an announcement that the ACLP process it hoped to use for the high magnesium Sechol laterite was not economic. In late November 2005 Jaguar Nickel announced a deal to sell its Sechol project to BHP Billiton for $19 million and form a strategic alliance to explore for nickel sulphide deposits in North America. Icon has since refocused its attention to its Beresford Lake gold property in Manitoba's Rice Lake greenstone belt. Because the original basis for the top priority Icon buy recommendation had disappeared and the stock was forming a new bottom, effective December 30, 2005 the old bottom-fish cycle was closed out at $0.12 for a loss of 76% from the $0.49 buy limit. The Icon bottom-fish cycle was a complete dud, reaching an interim high of only $0.53 for a gain of 8% while reaching an interim low of $0.10 for a loss of 80%. |
BF Since: |
12/11/2003 |
Closed Out: |
12/30/2005 |
Updated: |
12/30/2005 |
BF Status: |
Closeout Hold 0% |
BF Buy Range: |
$0.30-$0.49 |
Priority: |
Medium |
Interim Hi: |
$0.90 |
84% |
Lo: |
$0.08 |
-84% |
Actual Gain: |
-74% |
Issued: |
26,618,755 |
Insiders: |
21% |
Updated: |
5/6/2008 |
Current: |
$0.07 |
Diluted: |
29,372,755 |
Institutions: |
0% |
Life Cycle: |
Mid |
2 YR Hi: |
$0.69 |
WC: |
$274,764 |
JK Owns: |
No |
TROCL Risk: |
Medium |
2 YR Lo: |
$0.04 |
Tel: |
(604) 687-7828 |
People: |
Bob Card; Robert Kaplan |
Featured As: |
Ex-Bottom-Fish |
Story: |
Mineral Exploration |
Bottom-Fish Cycle Opened: | Dec 11, 2003 | Closed Out: | Dec 30, 2005 | Buy Range: | $0.30-$0.49 |
---|
Interim High: | $0.90 | 84% | 12/17/2003 | Low: | $0.08 | -84% | 7/21/2005 | Cumulative Return: | -74% |
---|
Date |
Price |
|
Recommendation |
Action |
Net Cash |
Net Stock |
Gain |
New Status |
12/11/2003 |
$0.38 |
|
New BF MP Buy $0.30-$0.49 |
Buy 2,041 @ $0.49 |
$0 |
2,041 |
|
BF MP Buy $0.30-$0.49 |
12/30/2005 |
$0.13 |
|
BF Cycle Closeout Sell 100% |
Sell 2,041 @ $0.13 |
$265 |
0 |
-74% |
Closeout Hold 0% |
Summary Updated: |
| Current Status: | Closeout Hold 0% |
---|
BF Since: |
12/5/1995 |
Closed Out: |
2/22/2005 |
Updated: |
2/22/2005 |
BF Status: |
Closeout Hold 0% |
BF Buy Range: |
$0.30-$0.49 |
Priority: |
N/A |
Interim Hi: |
$0.76 |
55% |
Lo: |
$0.02 |
-96% |
Actual Gain: |
-76% |
Issued: |
45,389,483 |
Insiders: |
27% |
Updated: |
|
Current: |
$0.06 |
Diluted: |
50,204,483 |
Institutions: |
0% |
Life Cycle: |
Mid |
2 YR Hi: |
$0.33 |
WC: |
$65,144 |
JK Owns: |
No |
TROCL Risk: |
Medium |
2 YR Lo: |
$0.05 |
Tel: |
(604) 682-3701 |
People: |
Lou Wolfin |
Featured As: |
Ex-Bottom-Fish |
Story: |
Mineral Exploration |
Bottom-Fish Cycle Opened: | Dec 5, 1995 | Closed Out: | Feb 22, 2005 | Buy Range: | $0.30-$0.49 |
---|
Interim High: | $0.76 | 55% | 8/28/1996 | Low: | $0.02 | -96% | 11/13/2001 | Cumulative Return: | -76% |
---|
Date |
Price |
|
Recommendation |
Action |
Net Cash |
Net Stock |
Gain |
New Status |
12/5/1995 |
$0.30 |
|
New BF MP Buy $0.30-$0.49 |
Buy 2,041 @ $0.49 |
$0 |
2,041 |
|
BF Buy $0.30-$0.49 |
2/22/2005 |
$0.12 |
|
BF Cycle Closeout Sell 100% |
Sell 2,041 @ $0.12 |
$245 |
0 |
-76% |
Closeout Hold 0% |
Summary Updated: |
| Current Status: | Closeout Hold 0% |
---|
Levon was picked as a $0.30-$0.49 bottom-fish buy in the November-December 1995 issue of the Kaiser Bottom-Fishing Report as a bet that Lou Wolfin would get good mileage from Placer Dome's Pipeline discovery near Coral Gold's Robertson project. Coral Gold had optioned the adjoining Norma Sass and Ruf claims to Levon, but Wolfin spent no effort on Levon and the company snoozed through the 1996 bull market. Following a comment in the September-October 1996 annual review where I suggested that nothing would happen before 1998, the stock drifted into obscurity as it first lost its TSE listing and finally got consigned to the H-Box which finally prompted Wolfin to initiate a refianncing through a cheap privatev placement of 3 million units at $0.10 in late 2003. This financing put the treasury back to neutral and in May 2004 management announced an additional financing of 5 million units at $0.15. Levon has been around for more than 20 years without a rollback, and has not had a speculation cycle for at least a decade, so the stock is unlikely to encounter upside resistance except from selling by the insider network. |
BF Since: |
10/27/2003 |
Closed Out: |
12/30/2005 |
Updated: |
12/30/2005 |
BF Status: |
Closeout Hold 0% |
BF Buy Range: |
$0.30-$0.49 |
Priority: |
Top |
Interim Hi: |
$0.50 |
2% |
Lo: |
$0.11 |
-78% |
Actual Gain: |
-63% |
Issued: |
62,323,963 |
Insiders: |
1% |
Updated: |
10/27/2003 |
Current: |
$0.11 |
Diluted: |
76,822,708 |
Institutions: |
0% |
Life Cycle: |
Late |
2 YR Hi: |
$1.69 |
WC: |
($5,278,985) |
JK Owns: |
No |
TROCL Risk: |
Low |
2 YR Lo: |
$0.08 |
Tel: |
(604) 687-9931 |
People: |
Tim Searcy; Carl Hering |
Featured As: |
Ex-Bottom-Fish |
Story: |
Gold Exploration |
Bottom-Fish Cycle Opened: | Oct 27, 2003 | Closed Out: | Dec 30, 2005 | Buy Range: | $0.30-$0.49 |
---|
Interim High: | $0.50 | 2% | 11/5/2003 | Low: | $0.11 | -78% | 9/15/2005 | Cumulative Return: | -63% |
---|
Date |
Price |
|
Recommendation |
Action |
Net Cash |
Net Stock |
Gain |
New Status |
10/24/2003 |
$0.31 |
|
New BF TP Buy $0.30-$0.49 |
Buy 2,041 @ $0.49 |
$0 |
2,041 |
|
BF TP Buy $0.30-$0.49 |
12/30/2005 |
$0.18 |
|
BF Cycle Closeout Sell 100% |
Sell 2,041 @ $0.18 |
$367 |
0 |
-63% |
Closeout Hold 0% |
Summary Updated: |
| Current Status: | Closeout Hold 0% |
---|
BF Since: |
12/30/2003 |
Closed Out: |
12/12/2005 |
Updated: |
12/12/2005 |
BF Status: |
Closeout Hold 0% |
BF Buy Range: |
$0.30-$0.49 |
Priority: |
Top |
Interim Hi: |
$0.71 |
45% |
Lo: |
$0.10 |
-81% |
Actual Gain: |
-80% |
Issued: |
62,742,542 |
Insiders: |
1% |
Updated: |
12/30/2003 |
Current: |
$0.01 |
Diluted: |
77,367,542 |
Institutions: |
0% |
Life Cycle: |
Late |
2 YR Hi: |
$0.19 |
WC: |
($3,576,127) |
JK Owns: |
No |
TROCL Risk: |
Medium |
2 YR Lo: |
$0.01 |
Tel: |
(604) 692-2821 |
People: |
William McLucas |
Featured As: |
Ex-Bottom-Fish |
Story: |
Mineral Exploration |
Bottom-Fish Cycle Opened: | Dec 30, 2003 | Closed Out: | Dec 12, 2005 | Buy Range: | $0.30-$0.49 |
---|
Interim High: | $0.71 | 45% | 1/26/2004 | Low: | $0.10 | -81% | 12/6/2005 | Cumulative Return: | -80% |
---|
Date |
Price |
|
Recommendation |
Action |
Net Cash |
Net Stock |
Gain |
New Status |
12/30/2003 |
$0.31 |
|
New BF TP Buy $0.30-$0.49 |
Buy 2,041 @ $0.49 |
$0 |
2,041 |
|
BF TP Buy $0.30-$0.49 |
12/12/2005 |
$0.10 |
|
BF Cycle Closeout Sell 100% |
Sell 2,041 @ $0.10 |
$204 |
0 |
-80% |
Closeout Hold 0% |
Summary Updated: |
| Current Status: | Closeout Hold 0% |
---|
BF Since: |
12/23/1996 |
Closed Out: |
12/30/2005 |
Updated: |
12/30/2005 |
BF Status: |
Closeout Hold 0% |
BF Buy Range: |
$0.30-$0.49 |
Priority: |
Medium |
Interim Hi: |
$0.75 |
53% |
Lo: |
$0.03 |
-95% |
Actual Gain: |
-49% |
Issued: |
62,028,752 |
Insiders: |
1% |
Updated: |
1/5/2000 |
Current: |
$0.16 |
Diluted: |
69,066,752 |
Institutions: |
0% |
Life Cycle: |
Late |
2 YR Hi: |
$1.10 |
WC: |
$2,051,218 |
JK Owns: |
No |
TROCL Risk: |
Medium |
2 YR Lo: |
$0.13 |
Tel: |
(416) 867-1101 |
People: |
George Brown; David Bending |
Featured As: |
Ex-Bottom-Fish |
Story: |
Mexico Mineral Exploration |
MacMillan Gold Corp was delisted on November 4, 2008 following an amalgamation with a related company called Duran Ventures Inc on a 2 MacMillan for 1 Duran share basis. The purpose was to consolidate the shared 50% interests in the Aguila copper-molybdenum and Pasacancha silver-gold-lead-zinc projects in Peru under one umbrella. |
Bottom-Fish Cycle Opened: | Dec 23, 1996 | Closed Out: | Dec 30, 2005 | Buy Range: | $0.30-$0.49 |
---|
Interim High: | $0.75 | 53% | 1/13/2004 | Low: | $0.03 | -95% | 9/28/2001 | Cumulative Return: | -49% |
---|
Date |
Price |
|
Recommendation |
Action |
Net Cash |
Net Stock |
Gain |
New Status |
12/5/1995 |
$0.26 |
|
New BF MP Buy $0.20-$0.29 |
Buy 3,448 @ $0.29 |
$0 |
3,448 |
|
BF Buy $0.20-$0.29 |
12/23/1996 |
$0.49 |
|
BF Cycle Closeout Sell 100% |
Sell 3,448 @ $0.49 |
$1,690 |
0 |
69% |
Closeout Hold 0% |
12/23/1996 |
$0.49 |
|
New BF MP Buy $0.30-$0.49 |
Buy 2,041 @ $0.49 |
$0 |
2,041 |
|
BF Buy $0.30-$0.49 |
12/11/1998 |
$0.40 |
|
Confirm BF TP Buy $0.30-$0.49 |
|
$0 |
2,041 |
-18% |
BF TP Buy $0.30-$0.49 |
1/5/2000 |
$0.38 |
|
Priority Downgrade to Medium |
|
$0 |
2,041 |
-22% |
BF MP Buy $0.30-$0.49 |
12/30/2005 |
$0.25 |
|
BF Cycle Closeout Sell 100% |
Sell 2,041 @ $0.25 |
$510 |
0 |
-49% |
Closeout Hold 0% |
Summary Updated: |
| Current Status: | Closeout Hold 0% |
---|
BF Since: |
2/27/2004 |
Closed Out: |
12/22/2005 |
Updated: |
12/22/2005 |
BF Status: |
Closeout Hold 0% |
BF Buy Range: |
$0.20-$0.29 |
Priority: |
Medium |
Interim Hi: |
$0.38 |
29% |
Lo: |
$0.10 |
-66% |
Actual Gain: |
-59% |
Issued: |
9,992,417 |
Insiders: |
13% |
Updated: |
12/22/2005 |
Current: |
$0.13 |
Diluted: |
11,592,291 |
Institutions: |
34% |
Life Cycle: |
Late |
2 YR Hi: |
$0.44 |
WC: |
$248,513 |
JK Owns: |
No |
TROCL Risk: |
Medium |
2 YR Lo: |
$0.01 |
Tel: |
(613) 241-2332 |
People: |
Andre Audet; Jacques Letendre |
Featured As: |
Ex-Bottom-Fish, Diamond Stock |
Story: |
Diamond Exploration |
Majescor underwent a 10:1 rollback on December 1, 2008. |
Bottom-Fish Cycle Opened: | Feb 27, 2004 | Closed Out: | Dec 22, 2005 | Buy Range: | $0.20-$0.29 |
---|
Interim High: | $0.38 | 29% | 3/4/2004 | Low: | $0.10 | -66% | 10/21/2005 | Cumulative Return: | -59% |
---|
Date |
Price |
|
Recommendation |
Action |
Net Cash |
Net Stock |
Gain |
New Status |
4/10/2001 |
$0.35 |
|
New BF TP Buy $0.30-$0.49 |
Buy 2,041 @ $0.49 |
$0 |
2,041 |
|
BF TP Buy $0.30-$0.49 |
12/19/2002 |
$0.30 |
|
Confirm BF TP Buy $0.30-$0.49 |
|
$0 |
2,041 |
-39% |
BF TP Buy $0.30-$0.49 |
2/27/2004 |
$0.29 |
|
BF Cycle Closeout Sell 100% |
Sell 2,041 @ $0.29 |
$592 |
0 |
-41% |
Closeout Hold 0% |
2/27/2004 |
$0.29 |
|
New BF MP Buy $0.20-$0.29 |
Buy 3,448 @ $0.29 |
$0 |
3,448 |
|
BF MP Buy $0.20-$0.29 |
12/22/2005 |
$0.12 |
|
BF Cycle Closeout Sell 100% |
Sell 3,448 @ $0.12 |
$414 |
0 |
-59% |
Closeout Hold 0% |
Summary Updated: |
| Current Status: | Closeout Hold 0% |
---|
BF Since: |
12/23/1996 |
Closed Out: |
2/22/2005 |
Updated: |
2/22/2005 |
BF Status: |
Closeout Hold 0% |
BF Buy Range: |
$0.50-$0.75 |
Priority: |
N/A |
Interim Hi: |
$1.00 |
33% |
Lo: |
$0.03 |
-96% |
Actual Gain: |
-95% |
Issued: |
11,700,847 |
Insiders: |
17% |
Updated: |
|
Current: |
$0.06 |
Diluted: |
17,520,847 |
Institutions: |
0% |
Life Cycle: |
Mid |
2 YR Hi: |
$0.06 |
WC: |
($700,000) |
JK Owns: |
No |
TROCL Risk: |
High |
2 YR Lo: |
$0.05 |
Tel: |
(403) 685-9211 |
People: |
Robert Dunlop |
Featured As: |
Ex-Bottom-Fish |
Story: |
Mineral Exploration |
Mid-North Resources Ltd was delisted from the TSXV at the close of September 22, 2005 at company request, and listed on CNQ. |
Bottom-Fish Cycle Opened: | Dec 23, 1996 | Closed Out: | Feb 22, 2005 | Buy Range: | $0.50-$0.75 |
---|
Interim High: | $1.00 | 33% | 2/28/1997 | Low: | $0.03 | -96% | 12/6/2002 | Cumulative Return: | -95% |
---|
Date |
Price |
|
Recommendation |
Action |
Net Cash |
Net Stock |
Gain |
New Status |
12/23/1996 |
$0.55 |
|
New BF MP Buy $0.50-$0.75 |
Buy 1,333 @ $0.75 |
$0 |
1,333 |
|
BF Buy $0.50-$0.75 |
2/22/2005 |
$0.04 |
|
BF Cycle Closeout Sell 100% |
Sell 1,333 @ $0.04 |
$53 |
0 |
-95% |
Closeout Hold 0% |
Summary Updated: |
| Current Status: | Closeout Hold 0% |
---|
Mid-North Resources Ltd was adopted as bottom-fish buy in the $0.50-$0.75 range on December 23, 1996 as part of the 1997 Bottom-Fish 100 list. The price range was unfortunate because during the last quarter of 1996 Mid-North had cratered from its $0.50-$0.75 trading range into the $0.30-$0.49 range where it caught my interest. However, by the time I published the 1997 list Mid-North had rebounded, albeit only long enough to qualify for a high bottom-fish buy bracket. Mid-North is an ancient company onced used by Manitoba old-timer Bruce Dunlop to hoard his prospects. Mid-North disappeared from the VSE in 1990, but resurfaced on the ASE in 1996 when Dunlop's sons revitalized the company. I liked the company as a mutual fund style play for Manitoba. A relatively inexperienced management, however, could not get much done in the post-Bre-X environment and allowed the stock to drift into hibernation. I last commented on Mid-North on December 1, 1997 during my review of the 1997 bottom-fish 100 list when I hoped the father would beef up Mid-North by using it to consolidate his various property holdings. Except for a brief run in 2000 to the $0.40 level on the basis of the zinc-silver Gunman play in Nevada that was joint ventured with Cypress Development, Mid-North has spent most of 1998-2003 drifting below $0.10. |
BF Since: |
11/18/1998 |
Closed Out: |
12/30/2005 |
Updated: |
12/30/2005 |
BF Status: |
Closeout Hold 0% |
BF Buy Range: |
$0.10-$0.19 |
Priority: |
Low |
Interim Hi: |
$0.44 |
132% |
Lo: |
$0.04 |
-82% |
Actual Gain: |
-68% |
Issued: |
23,351,512 |
Insiders: |
7% |
Updated: |
11/18/1998 |
Current: |
$0.02 |
Diluted: |
31,363,933 |
Institutions: |
0% |
Life Cycle: |
Rollback |
2 YR Hi: |
$0.47 |
WC: |
$243,484 |
JK Owns: |
No |
TROCL Risk: |
High |
2 YR Lo: |
$0.01 |
Tel: |
(604) 687-7545 |
People: |
Fred Hewett; Bruce McLeod |
Featured As: |
Ex-Bottom-Fish |
Story: |
Diamond & Mineral Exploration |
Bottom-Fish Cycle Opened: | Nov 18, 1998 | Closed Out: | Dec 30, 2005 | Buy Range: | $0.10-$0.19 |
---|
Interim High: | $0.44 | 132% | 9/14/2000 | Low: | $0.04 | -82% | 11/23/2005 | Cumulative Return: | -68% |
---|
Date |
Price |
|
Recommendation |
Action |
Net Cash |
Net Stock |
Gain |
New Status |
12/1/1997 |
$0.34 |
|
New BF MP Buy $0.30-$0.49 |
Buy 2,041 @ $0.49 |
$0 |
2,041 |
|
BF Buy $0.30-$0.49 |
11/18/1998 |
$0.17 |
|
BF Cycle Closeout Sell 100% |
Sell 2,041 @ $0.17 |
$347 |
0 |
-65% |
Closeout Hold 0% |
11/18/1998 |
$0.17 |
|
New BF LP Buy $0.10-$0.19 |
Buy 5,263 @ $0.19 |
$0 |
5,263 |
|
BF LP Buy $0.10-$0.19 |
12/30/2005 |
$0.06 |
|
BF Dud Sell 100% |
Sell 5,263 @ $0.06 |
$316 |
0 |
-68% |
Closeout Hold 0% |
Summary Updated: |
| Current Status: | Closeout Hold 0% |
---|
BF Since: |
12/11/1998 |
Closed Out: |
2/22/2005 |
Updated: |
2/22/2005 |
BF Status: |
Closeout Hold 0% |
BF Buy Range: |
$0.30-$0.49 |
Priority: |
Medium |
Interim Hi: |
$0.85 |
73% |
Lo: |
$0.03 |
-95% |
Actual Gain: |
-80% |
Issued: |
30,404,861 |
Insiders: |
22% |
Updated: |
1/5/2000 |
Current: |
$0.02 |
Diluted: |
32,716,361 |
Institutions: |
0% |
Life Cycle: |
Mid |
2 YR Hi: |
$0.12 |
WC: |
($302,239) |
JK Owns: |
No |
TROCL Risk: |
High |
2 YR Lo: |
$0.02 |
Tel: |
(604) 947-2555 |
People: |
Deborah Fortescue-Merrin |
Featured As: |
Ex-Bottom-Fish |
Story: |
Skin Care Products |
North American Medical Services Inc has generated very modest revenues during the past decade from its Nucelle line of skin care creams. No effort has been made to finance the business for growth, nor has the stock been the focus of a speculation cycle. The company is headed by Deborah Fortescue-Merrin, wife of Joe Merrin, a former Vancouver promoter once associated with high-powered promotions such as Skyhigh. |
Bottom-Fish Cycle Opened: | Dec 11, 1998 | Closed Out: | Feb 22, 2005 | Buy Range: | $0.30-$0.49 |
---|
Interim High: | $0.85 | 73% | 5/20/1999 | Low: | $0.03 | -95% | 5/5/2003 | Cumulative Return: | -80% |
---|
Date |
Price |
|
Recommendation |
Action |
Net Cash |
Net Stock |
Gain |
New Status |
12/11/1998 |
$0.48 |
|
New BF MP Buy $0.30-$0.49 |
Buy 2,041 @ $0.49 |
$0 |
2,041 |
|
BF MP Buy $0.30-$0.49 |
1/5/2000 |
$0.40 |
|
Confirm BF MP Buy $0.30-$0.49 |
|
$0 |
2,041 |
-18% |
BF MP Buy $0.30-$0.49 |
2/22/2005 |
$0.10 |
|
BF Cycle Closeout Sell 100% |
Sell 2,041 @ $0.10 |
$204 |
0 |
-80% |
Closeout Hold 0% |
Summary Updated: |
| Current Status: | Closeout Hold 0% |
---|
BF Since: |
12/5/1995 |
Closed Out: |
2/22/2005 |
Updated: |
2/22/2005 |
BF Status: |
Closeout Hold 0% |
BF Buy Range: |
$0.30-$0.49 |
Priority: |
N/A |
Interim Hi: |
$2.63 |
437% |
Lo: |
$0.10 |
-80% |
Actual Gain: |
-63% |
Issued: |
17,304,633 |
Insiders: |
1% |
Updated: |
|
Current: |
$0.42 |
Diluted: |
17,874,633 |
Institutions: |
0% |
Life Cycle: |
Mid |
2 YR Hi: |
$1.00 |
WC: |
($265,768) |
JK Owns: |
No |
TROCL Risk: |
Low |
2 YR Lo: |
$0.15 |
Tel: |
(604) 669-2066 |
People: |
John McGoran; Pat Sheridan |
Featured As: |
Ex-Bottom-Fish |
Story: |
Mineral Exploration |
Bottom-Fish Cycle Opened: | Dec 5, 1995 | Closed Out: | Feb 22, 2005 | Buy Range: | $0.30-$0.49 |
---|
Interim High: | $2.63 | 437% | 5/21/1997 | Low: | $0.10 | -80% | 9/2/1998 | Cumulative Return: | -63% |
---|
Date |
Price |
|
Recommendation |
Action |
Net Cash |
Net Stock |
Gain |
New Status |
11/28/1994 |
$0.22 |
|
New BF MP Buy $0.20-$0.29 |
Buy 3,448 @ $0.29 |
$0 |
3,448 |
|
BF Buy $0.20-$0.29 |
12/5/1995 |
$0.33 |
|
BF Cycle Closeout Sell 100% |
Sell 3,448 @ $0.33 |
$1,138 |
0 |
14% |
Closeout Hold 0% |
12/5/1995 |
$0.33 |
|
New BF MP Buy $0.30-$0.49 |
Buy 2,041 @ $0.49 |
$0 |
2,041 |
|
BF Buy $0.30-$0.49 |
2/22/2005 |
$0.18 |
|
BF Cycle Closeout Sell 100% |
Sell 2,041 @ $0.18 |
$367 |
0 |
-63% |
Closeout Hold 0% |
Summary Updated: |
| Current Status: | Closeout Hold 0% |
---|
BF Since: |
12/11/1998 |
Closed Out: |
2/22/2005 |
Updated: |
2/22/2005 |
BF Status: |
Closeout Hold 0% |
BF Buy Range: |
$0.30-$0.49 |
Priority: |
Top |
Interim Hi: |
$3.50 |
614% |
Lo: |
$0.01 |
-99% |
Actual Gain: |
-96% |
Issued: |
40,774,555 |
Insiders: |
6% |
Updated: |
1/5/2000 |
Current: |
$0.14 |
Diluted: |
62,910,426 |
Institutions: |
0% |
Life Cycle: |
Late |
2 YR Hi: |
$0.18 |
WC: |
($309,662) |
JK Owns: |
No |
TROCL Risk: |
High |
2 YR Lo: |
$0.07 |
Tel: |
(416) 549-1000 |
People: |
Chuck Lilly |
Featured As: |
Ex-Bottom-Fish |
Story: |
Mineral exploration |
Bottom-Fish Cycle Opened: | Dec 11, 1998 | Closed Out: | Feb 22, 2005 | Buy Range: | $0.30-$0.49 |
---|
Interim High: | $3.50 | 614% | 3/10/2000 | Low: | $0.01 | -99% | 1/13/2005 | Cumulative Return: | -96% |
---|
Date |
Price |
|
Recommendation |
Action |
Net Cash |
Net Stock |
Gain |
New Status |
12/11/1998 |
$0.31 |
|
New BF TP Buy $0.30-$0.49 |
Buy 2,041 @ $0.49 |
$0 |
2,041 |
|
BF TP Buy $0.30-$0.49 |
1/5/2000 |
$1.58 |
|
New Spec Cycle Hold 100% |
|
$0 |
2,041 |
222% |
Spec Cycle Hold 100% |
3/8/2001 |
$0.54 |
|
BF Cycle Closeout Sell 100% |
|
$0 |
2,041 |
10% |
Spec Cycle Hold 100% |
2/22/2005 |
$0.02 |
|
BF Cycle Closeout Sell 100% |
Sell 2,041 @ $0.02 |
$41 |
0 |
-96% |
Closeout Hold 0% |
Summary Updated: |
| Current Status: | Closeout Hold 0% |
---|
BF Since: |
12/11/1998 |
Closed Out: |
12/30/2005 |
Updated: |
12/30/2005 |
BF Status: |
Closeout Hold 0% |
BF Buy Range: |
$0.30-$0.49 |
Priority: |
Top |
Interim Hi: |
$0.84 |
71% |
Lo: |
$0.07 |
-86% |
Actual Gain: |
-74% |
Issued: |
398,356,171 |
Insiders: |
0% |
Updated: |
3/21/2000 |
Current: |
$0.04 |
Diluted: |
5,323,474,449 |
Institutions: |
0% |
Life Cycle: |
Late |
2 YR Hi: |
$0.93 |
WC: |
($4,008,395) |
JK Owns: |
No |
TROCL Risk: |
High |
2 YR Lo: |
$0.03 |
Tel: |
(604) 669-4775 |
People: |
Terry Chandler; Mike Kenyon |
Featured As: |
Ex-Bottom-Fish, Game-Fish |
Story: |
Advanced Mineral Play |
Bottom-Fish Cycle Opened: | Dec 11, 1998 | Closed Out: | Dec 30, 2005 | Buy Range: | $0.30-$0.49 |
---|
Interim High: | $0.84 | 71% | 8/12/1999 | Low: | $0.07 | -86% | 9/19/2001 | Cumulative Return: | -74% |
---|
Date |
Price |
|
Recommendation |
Action |
Net Cash |
Net Stock |
Gain |
New Status |
12/11/1998 |
$0.38 |
|
New BF LP Buy $0.30-$0.49 |
Buy 2,041 @ $0.49 |
$0 |
2,041 |
|
BF LP Buy $0.30-$0.49 |
1/5/2000 |
$0.32 |
|
Priority Upgrade to Medium |
|
$0 |
2,041 |
-35% |
BF MP Buy $0.30-$0.49 |
3/21/2000 |
$0.40 |
|
Priority Upgrade to Top |
|
$0 |
2,041 |
-18% |
BF TP Buy $0.30-$0.49 |
7/10/2000 |
$0.23 |
|
BF Cycle Closeout Sell 100% |
|
$0 |
2,041 |
-53% |
BF TP Buy $0.30-$0.49 |
12/30/2005 |
$0.13 |
|
BF Cycle Closeout Sell 100% |
Sell 2,041 @ $0.13 |
$265 |
0 |
-74% |
Closeout Hold 0% |
Summary Updated: |
| Current Status: | Closeout Hold 0% |
---|
BF Since: |
1/2/2002 |
Closed Out: |
12/30/2005 |
Updated: |
12/30/2005 |
BF Status: |
Closeout Hold 0% |
BF Buy Range: |
$0.30-$0.49 |
Priority: |
Medium |
Interim Hi: |
$0.58 |
18% |
Lo: |
$0.12 |
-76% |
Actual Gain: |
-100% |
Issued: |
49,674,911 |
Insiders: |
7% |
Updated: |
1/2/2002 |
Current: |
$0.14 |
Diluted: |
51,309,911 |
Institutions: |
0% |
Life Cycle: |
Dead |
2 YR Hi: |
$0.15 |
WC: |
($2,680,014) |
JK Owns: |
No |
TROCL Risk: |
High |
2 YR Lo: |
$0.14 |
Tel: |
(800) 793-8370 |
People: |
Glenn Alston |
Featured As: |
Ex-Bottom-Fish |
Story: |
Diamond Exploration |
Rhonda Corp was delisted on October 5, 2005 for failure to maintain exchange listing requirements. |
Bottom-Fish Cycle Opened: | Jan 2, 2002 | Closed Out: | Dec 30, 2005 | Buy Range: | $0.30-$0.49 |
---|
Interim High: | $0.58 | 18% | 2/1/2002 | Low: | $0.12 | -76% | 10/16/2002 | Cumulative Return: | -100% |
---|
Date |
Price |
|
Recommendation |
Action |
Net Cash |
Net Stock |
Gain |
New Status |
1/2/2002 |
$0.43 |
|
New BF MP Buy $0.30-$0.49 |
Buy 2,041 @ $0.49 |
$0 |
2,041 |
|
BF MP Buy $0.30-$0.49 |
12/30/2005 |
$0.00 |
|
BF Dud Sell 100% |
Sell 2,041 @ $0.00 |
$0 |
0 |
-100% |
Closeout Hold 0% |
Summary Updated: | December 31, 2005 | Current Status: | Closeout Hold 0% |
---|
Rhonda Corp (RDM-V) was recommended a medium priority bottom-fish buy in the $0.30-$0.49 range on January 2, 2002 based on its Knife project in Nunavut where De Beers had discovered a large diamondiferous pipe. Rhonda raised considerable flow-through funds to explore its surrounding ground, but management diverted some of these funds into an OTCBB company whose business proved to be a bust. In June 2004 various regulatory bodies suspended Rhonda from trading for failing to file financial statements. Nothing has been heard from Rhonda since March 7, 2005 when the company announced that it was responding to requests from regulators for more information. During 2004 Rhonda had hopes of solving its financial problems through shares it had retained in its OTCBB shell company which had been reorganized as a vehicle for a homeland security story involving a radiation detection system that played upon dirty bomb anxiety in the United States. AIMSI Technologies ran to a high of $16 before a 5:1 split, at which point it had a market cap in excess of US $450 million, of which Rhonda's residual share position was worth US $8.7 million. Unfortunately for Rhonda AIMSI was nothing more than a pump and dump operation involving mass fax-blasting by a known fraudster linked to a Pink Sheet shell company with whom AIMSI struck a bogus $225 million sales agreement. The SEC suspended trading on December 15, 2004, the fraudster fled the country, and AIMSI ended up on the Pink Sheets trading below a penny. Meanwhile De Beers had reported a resource for the Knife pipe which consisted of 36.1 million tonnes comprising four phases with an average grade of 25 cpht. No carat values were published. The current status of the Knife pipe is unknown, though one suspects that it does not have the critical mass De Beers wants to see for a standalone mine. In June 2005 Rhonda did a deal to sell its 30% stake in the Knife pipe to March Resources Corp but by October 2005 March had cancelled the deal. On October 5, 2005 the TSXV delisted Rhonda, which pretty much kills any chance of Rhonda coming back to trade, and gives the Alstons free rein to do deal with Rhonda's assets without informing minority shareholders. Effective December 30, 2005 the Rhonda bottom-fish buy cycle is formally closed out at a 100% loss. The blame for this disaster lies exclusively with John and Glen Alston who mismanaged the financial affairs of Rhonda, a real company with a real project that raised real money for real exploration programs that were highly topical at the time. After I published Tracker 2004-16 on November 19, 2004 in which I provided a detailed analysis of the situation the Alstons had the gall to have their lawyer fax me a "threat" letter "wondering" if certain comments were potentially libelous. They were particularly concerned about my use of the phrase "accounting shenanigans". I think the flow-through investors who wrote off their flow-through investments on the good faith that Rhonda would spend that money on qualified exploration expenditures are very concerned about accounting shenanigans that might or already may have exposed them to the wrath of Revenue Canada. |
BF Since: |
2/25/2005 |
Closed Out: |
12/30/2005 |
Updated: |
12/30/2005 |
BF Status: |
Closeout Hold 0% |
BF Buy Range: |
$0.30-$0.49 |
Priority: |
Medium |
Interim Hi: |
$0.52 |
6% |
Lo: |
$0.08 |
-84% |
Actual Gain: |
-80% |
Issued: |
112,127,490 |
Insiders: |
27% |
Updated: |
|
Current: |
$0.03 |
Diluted: |
136,756,088 |
Institutions: |
0% |
Life Cycle: |
Early |
2 YR Hi: |
$0.68 |
WC: |
$3,155,144 |
JK Owns: |
No |
TROCL Risk: |
High |
2 YR Lo: |
$0.01 |
Tel: |
(902) 444-7779 |
People: |
Will Felderhof |
Featured As: |
Ex-Bottom-Fish |
Story: |
Mineral Exploration |
Bottom-Fish Cycle Opened: | Feb 25, 2005 | Closed Out: | Dec 30, 2005 | Buy Range: | $0.30-$0.49 |
---|
Interim High: | $0.52 | 6% | 3/7/2005 | Low: | $0.08 | -84% | 11/22/2005 | Cumulative Return: | -80% |
---|
Date |
Price |
|
Recommendation |
Action |
Net Cash |
Net Stock |
Gain |
New Status |
2/25/2005 |
$0.40 |
|
New BF MP Buy $0.30-$0.49 |
Buy 2,041 @ $0.49 |
$0 |
2,041 |
|
BF MP Buy $0.30-$0.49 |
12/30/2005 |
$0.10 |
|
BF Cycle Closeout Sell 100% |
Sell 2,041 @ $0.10 |
$204 |
0 |
-80% |
Closeout Hold 0% |
Summary Updated: | October 6, 2006 | Current Status: | Closeout Hold 0% |
---|
Royal Roads was recommended as a medium priority bottom-fish buy in the $0.30-$0.49 range on February 25, 2005 in the wake of Messina's VMS discovery in Newfoundland. Royal Roads was controlled by George Oughtred and associates, and was focused on its own VMS deposit. The expectation was that the market would develop interest in juniors with deposits in Newfoundland's VMS belt. When Messina's momentum stalled, the market lost interest in Royal Roads. One of the insiders in late 2005 got caught up in the Barrick-Placer takeover bid insider trading scandal. Royal Roads was closed out on December 30, 2005 as a bottom-fish dud that registered a loss of 80% from the $0.49 limit of the recommended $0.30-$0.49 range. In June 2006 management packed it in by swapping their Royal Roads stock for a minority stake in Acadian Gold, which issued 12,085,588 shares to acquire 30,223,971 Royal Roads shares, becoming a 78% shareholder of Royal Roads. |
BF Since: |
1/5/2000 |
Closed Out: |
12/14/2005 |
Updated: |
12/14/2005 |
BF Status: |
Closeout Hold 0% |
BF Buy Range: |
$0.01-$0.10 |
Priority: |
Extreme Risk |
Interim Hi: |
$0.39 |
285% |
Lo: |
$0.04 |
-60% |
Actual Gain: |
-20% |
Issued: |
33,315,270 |
Insiders: |
16% |
Updated: |
1/5/2000 |
Current: |
$0.05 |
Diluted: |
43,563,170 |
Institutions: |
0% |
Life Cycle: |
Mid |
2 YR Hi: |
$0.74 |
WC: |
$883,657 |
JK Owns: |
No |
TROCL Risk: |
Medium |
2 YR Lo: |
$0.02 |
Tel: |
(604) 687-3959 |
People: |
Randy Turner; Lindsay Bottomer |
Featured As: |
Ex-Bottom-Fish |
Story: |
Mineral Exploration |
Silver Quest Resources Ltd has been focused on high grade silver targets in British Columbia, Nevada and Mexico. The most advanced project is the 3T's play in northern BC where a modest resource of 138,800 oz gold and 2,252,000 oz silver has been outlined on the Tommy and Ted veins. A new focus is the high grade silver-lead Santa Rosa carbonate replacement style play in Mexico which Silver Quest plans to drill in 2007. Silver Quest has shifted its focus to Mexico where it is seeking bulk tonnage prospects with silver as a key metal. |
Bottom-Fish Cycle Opened: | Jan 5, 2000 | Closed Out: | Dec 14, 2005 | Buy Range: | $0.01-$0.10 |
---|
Interim High: | $0.39 | 285% | 1/5/2004 | Low: | $0.04 | -60% | 11/21/2001 | Cumulative Return: | -20% |
---|
Date |
Price |
|
Recommendation |
Action |
Net Cash |
Net Stock |
Gain |
New Status |
11/28/1994 |
$0.75 |
|
New BF MP Buy $0.50-$0.75 |
Buy 1,333 @ $0.75 |
$0 |
1,333 |
|
BF Buy $0.50-$0.75 |
12/5/1995 |
$0.48 |
|
Confirm BF MP Buy $0.50-$0.75 |
|
$0 |
1,333 |
-36% |
BF Buy $0.50-$0.75 |
12/23/1996 |
$0.65 |
|
Confirm BF MP Buy $0.50-$0.75 |
|
$0 |
1,333 |
-13% |
BF Buy $0.50-$0.75 |
12/1/1997 |
$0.23 |
|
BF Dud Sell 100% |
Sell 1,333 @ $0.23 |
$307 |
0 |
-69% |
Closeout Hold 0% |
12/11/1998 |
$0.15 |
|
New BF LP Buy $0.10-$0.19 |
Buy 5,263 @ $0.19 |
$0 |
5,263 |
|
BF LP Buy $0.10-$0.19 |
1/5/2000 |
$0.08 |
|
BF Cycle Closeout Sell 100% |
Sell 5,263 @ $0.08 |
$421 |
0 |
-58% |
Closeout Hold 0% |
1/5/2000 |
$0.08 |
|
New BF XP Buy below $0.10 |
Buy 10,000 @ $0.10 |
$0 |
10,000 |
|
BF XP Buy below $0.10 |
12/14/2005 |
$0.08 |
|
BF Cycle Closeout Sell 100% |
Sell 10,000 @ $0.08 |
$800 |
0 |
-20% |
Closeout Hold 0% |
Summary Updated: |
| Current Status: | Closeout Hold 0% |
---|
BF Since: |
1/5/2000 |
Closed Out: |
12/22/2005 |
Updated: |
12/22/2005 |
BF Status: |
Closeout Hold 0% |
BF Buy Range: |
$0.30-$0.49 |
Priority: |
Top |
Interim Hi: |
$3.40 |
594% |
Lo: |
$0.17 |
-65% |
Actual Gain: |
292% |
Issued: |
42,314,324 |
Insiders: |
6% |
Updated: |
1/5/2000 |
Current: |
$1.92 |
Diluted: |
51,598,284 |
Institutions: |
0% |
Life Cycle: |
Merged |
2 YR Hi: |
$1.92 |
WC: |
$2,409,194 |
JK Owns: |
No |
TROCL Risk: |
N/A |
2 YR Lo: |
$1.86 |
Tel: |
(604) 940-6565 |
People: |
Michael Terrell |
Featured As: |
Ex-Bottom-Fish |
Story: |
Advanced Gold Play |
St. Jude Resources Ltd was delisted January 6, 2006 following a plan of arrangement whereby Golden Star Resources Ltd issued 0.72 Golden Star shares for each St. Jude share. |
Bottom-Fish Cycle Opened: | Jan 5, 2000 | Closed Out: | Dec 22, 2005 | Buy Range: | $0.30-$0.49 |
---|
Interim High: | $3.40 | 594% | 11/28/2003 | Low: | $0.17 | -65% | 12/31/2001 | Cumulative Return: | 292% |
---|
Date |
Price |
|
Recommendation |
Action |
Net Cash |
Net Stock |
Gain |
New Status |
12/11/1998 |
$0.92 |
|
New BF TP Buy $0.76-$1.00 |
Buy 1,000 @ $1.00 |
$0 |
1,000 |
|
BF TP Buy $0.30-$0.49 |
1/5/2000 |
$0.45 |
|
BF Cycle Closeout Sell 100% |
Sell 1,000 @ $0.50 |
$500 |
0 |
-50% |
Closeout Hold 0% |
1/5/2000 |
$0.45 |
|
New BF TP Buy $0.30-$0.49 |
Buy 2,041 @ $0.49 |
$0 |
2,041 |
|
BF TP Buy $0.30-$0.49 |
12/23/2003 |
$2.44 |
|
New Spec Cycle Hold 100% |
|
$0 |
2,041 |
398% |
Spec Cycle Hold 100% |
12/22/2005 |
$1.92 |
|
Spec Cycle Sell 100% Hold 0% |
Sell 2,041 @ $1.92 |
$3,919 |
0 |
292% |
Closeout Hold 0% |
Summary Updated: |
| Current Status: | Closeout Hold 0% |
---|
BF Since: |
4/6/2004 |
Closed Out: |
12/8/2005 |
Updated: |
12/8/2005 |
BF Status: |
Closeout Hold 0% |
BF Buy Range: |
$0.30-$0.49 |
Priority: |
Top |
Interim Hi: |
$0.72 |
47% |
Lo: |
$0.06 |
-88% |
Actual Gain: |
-80% |
Issued: |
38,792,917 |
Insiders: |
13% |
Updated: |
4/6/2004 |
Current: |
$0.04 |
Diluted: |
42,422,917 |
Institutions: |
14% |
Life Cycle: |
Mid |
2 YR Hi: |
$0.41 |
WC: |
($99,177) |
JK Owns: |
No |
TROCL Risk: |
Medium |
2 YR Lo: |
$0.03 |
Tel: |
(604) 684-5900 |
People: |
Scott Broughton; John Mirko |
Featured As: |
Ex-Bottom-Fish |
Story: |
Mineral Exploration |
Bottom-Fish Cycle Opened: | Apr 6, 2004 | Closed Out: | Dec 8, 2005 | Buy Range: | $0.30-$0.49 |
---|
Interim High: | $0.72 | 47% | 9/29/2004 | Low: | $0.06 | -88% | 7/26/2005 | Cumulative Return: | -80% |
---|
Date |
Price |
|
Recommendation |
Action |
Net Cash |
Net Stock |
Gain |
New Status |
4/6/2004 |
$0.38 |
|
New BF TP Buy $0.30-$0.49 |
Buy 2,041 @ $0.49 |
$0 |
2,041 |
|
BF TP Buy $0.30-$0.49 |
12/8/2005 |
$0.10 |
|
BF Cycle Closeout Sell 100% |
Sell 2,041 @ $0.10 |
$204 |
0 |
-80% |
Closeout Hold 0% |
Summary Updated: |
| Current Status: | Closeout Hold 0% |
---|
BF Since: |
12/5/1995 |
Closed Out: |
2/22/2005 |
Updated: |
2/22/2005 |
BF Status: |
Closeout Hold 0% |
BF Buy Range: |
$0.50-$0.75 |
Priority: |
Medium |
Interim Hi: |
$5.87 |
683% |
Lo: |
$0.06 |
-92% |
Actual Gain: |
-79% |
Issued: |
37,124,702 |
Insiders: |
37% |
Updated: |
|
Current: |
$0.05 |
Diluted: |
40,664,702 |
Institutions: |
0% |
Life Cycle: |
Late |
2 YR Hi: |
$0.59 |
WC: |
($207,440) |
JK Owns: |
No |
TROCL Risk: |
N/A |
2 YR Lo: |
$0.04 |
Tel: |
(403) 258-3630 |
People: |
Stan Stricker |
Featured As: |
Ex-Bottom-Fish |
Story: |
Mineral Exploration |
Bottom-Fish Cycle Opened: | Dec 5, 1995 | Closed Out: | Feb 22, 2005 | Buy Range: | $0.50-$0.75 |
---|
Interim High: | $5.87 | 683% | 1/25/1996 | Low: | $0.06 | -92% | 12/13/2001 | Cumulative Return: | -79% |
---|
Date |
Price |
|
Recommendation |
Action |
Net Cash |
Net Stock |
Gain |
New Status |
12/5/1995 |
$0.65 |
|
New BF MP Buy $0.50-$0.75 |
Buy 1,333 @ $0.75 |
$0 |
1,333 |
|
BF Buy $0.50-$0.75 |
12/11/1998 |
$0.60 |
|
Confirm BF MP Buy $0.50-$0.75 |
|
$0 |
1,333 |
-20% |
BF MP Buy $0.50-$0.75 |
1/5/2000 |
$0.60 |
|
Priority Downgrade to Low |
|
$0 |
1,333 |
-20% |
BF LP Buy $0.50-$0.75 |
2/22/2005 |
$0.16 |
|
BF Cycle Closeout Sell 100% |
Sell 1,333 @ $0.16 |
$213 |
0 |
-79% |
Closeout Hold 0% |
Summary Updated: |
| Current Status: | Closeout Hold 0% |
---|
BF Since: |
11/28/1994 |
Closed Out: |
2/22/2005 |
Updated: |
2/22/2005 |
BF Status: |
Closeout Hold 0% |
BF Buy Range: |
$0.20-$0.29 |
Priority: |
N/A |
Interim Hi: |
$2.90 |
900% |
Lo: |
$0.02 |
-93% |
Actual Gain: |
59% |
Issued: |
27,377,550 |
Insiders: |
10% |
Updated: |
|
Current: |
$0.08 |
Diluted: |
30,158,550 |
Institutions: |
0% |
Life Cycle: |
Mid |
2 YR Hi: |
$0.74 |
WC: |
($420,272) |
JK Owns: |
No |
TROCL Risk: |
Medium |
2 YR Lo: |
$0.04 |
Tel: |
(604) 682-3680 |
People: |
Dino Cremonese |
Featured As: |
Ex-Bottom-Fish |
Story: |
Mineral Exploration |
Bottom-Fish Cycle Opened: | Nov 28, 1994 | Closed Out: | Feb 22, 2005 | Buy Range: | $0.20-$0.29 |
---|
Interim High: | $2.90 | 900% | 8/2/1996 | Low: | $0.02 | -93% | 1/7/2000 | Cumulative Return: | 59% |
---|
Date |
Price |
|
Recommendation |
Action |
Net Cash |
Net Stock |
Gain |
New Status |
11/28/1994 |
$0.26 |
|
New BF MP Buy $0.20-$0.29 |
Buy 3,448 @ $0.29 |
$0 |
3,448 |
|
BF Buy $0.20-$0.29 |
2/22/2005 |
$0.18 |
|
BF Cycle Closeout Sell 100% |
Sell 3,448 @ $0.18 |
$621 |
0 |
-38% |
Closeout Hold 0% |
Summary Updated: |
| Current Status: | Closeout Hold 0% |
---|
BF Since: |
12/1/1997 |
Closed Out: |
2/22/2005 |
Updated: |
2/22/2005 |
BF Status: |
Closeout Hold 0% |
BF Buy Range: |
$0.50-$0.75 |
Priority: |
Medium |
Interim Hi: |
$0.62 |
-17% |
Lo: |
$0.05 |
-93% |
Actual Gain: |
-72% |
Issued: |
54,056,641 |
Insiders: |
10% |
Updated: |
|
Current: |
$0.08 |
Diluted: |
56,756,641 |
Institutions: |
4% |
Life Cycle: |
Late |
2 YR Hi: |
$1.39 |
WC: |
($354,485) |
JK Owns: |
No |
TROCL Risk: |
Medium |
2 YR Lo: |
$0.03 |
Tel: |
(905) 294-9942 |
People: |
Bob Valliant |
Featured As: |
Ex-Bottom-Fish |
Story: |
Mineral Exploration |
Bottom-Fish Cycle Opened: | Dec 1, 1997 | Closed Out: | Feb 22, 2005 | Buy Range: | $0.50-$0.75 |
---|
Interim High: | $0.62 | -17% | 2/3/1998 | Low: | $0.05 | -93% | 9/26/2001 | Cumulative Return: | -72% |
---|
Date |
Price |
|
Recommendation |
Action |
Net Cash |
Net Stock |
Gain |
New Status |
12/1/1997 |
$0.62 |
|
New BF MP Buy $0.50-$0.75 |
Buy 1,333 @ $0.75 |
$0 |
1,333 |
|
BF Buy $0.50-$0.75 |
2/22/2005 |
$0.21 |
|
BF Cycle Closeout Sell 100% |
Sell 1,333 @ $0.21 |
$280 |
0 |
-72% |
Closeout Hold 0% |
Summary Updated: |
| Current Status: | Closeout Hold 0% |
---|
BF Since: |
2/28/2005 |
Closed Out: |
12/30/2005 |
Updated: |
12/30/2005 |
BF Status: |
Closeout Hold 0% |
BF Buy Range: |
$1.25-$1.50 |
Priority: |
Top |
Interim Hi: |
$2.35 |
57% |
Lo: |
$0.70 |
-53% |
Actual Gain: |
-41% |
Issued: |
14,960,241 |
Insiders: |
45% |
Updated: |
2/25/2005 |
Current: |
$0.14 |
Diluted: |
19,127,569 |
Institutions: |
13% |
Life Cycle: |
Early |
2 YR Hi: |
$0.80 |
WC: |
($375,904) |
JK Owns: |
Yes |
TROCL Risk: |
Medium |
2 YR Lo: |
$0.07 |
Tel: |
(416) 572-2033 |
People: |
James Bruchs |
Featured As: |
Ex-Bottom-Fish, Diamond Stock |
Story: |
Diamond Exploration |
Bottom-Fish Cycle Opened: | Feb 28, 2005 | Closed Out: | Dec 30, 2005 | Buy Range: | $1.25-$1.50 |
---|
Interim High: | $2.35 | 57% | 3/2/2005 | Low: | $0.70 | -53% | 12/28/2005 | Cumulative Return: | -41% |
---|
Date |
Price |
|
Recommendation |
Action |
Net Cash |
Net Stock |
Gain |
New Status |
2/28/2005 |
$1.30 |
|
New BF TP Buy $1.26-$1.50 |
Buy 667 @ $1.50 |
$0 |
667 |
|
BF TP Buy $1.25-$1.50 |
12/30/2005 |
$0.88 |
|
BF Cycle Closeout Sell 100% |
Sell 667 @ $0.88 |
$587 |
0 |
-41% |
Closeout Hold 0% |
Summary Updated: |
| Current Status: | Closeout Hold 0% |
---|
BF Since: |
1/5/2000 |
Closed Out: |
2/22/2005 |
Updated: |
2/22/2005 |
BF Status: |
Closeout Hold 0% |
BF Buy Range: |
$0.50-$0.75 |
Priority: |
Top |
Interim Hi: |
$1.11 |
48% |
Lo: |
$0.17 |
-77% |
Actual Gain: |
-45% |
Issued: |
82,376,836 |
Insiders: |
3% |
Updated: |
1/5/2000 |
Current: |
$0.02 |
Diluted: |
110,387,158 |
Institutions: |
0% |
Life Cycle: |
Mid |
2 YR Hi: |
$0.71 |
WC: |
($958,722) |
JK Owns: |
No |
TROCL Risk: |
N/A |
2 YR Lo: |
$0.01 |
Tel: |
(604) 687-4622 |
People: |
Stephen Wilkinson |
Featured As: |
Ex-Bottom-Fish |
Story: |
Mineral Exploration |
Bottom-Fish Cycle Opened: | Jan 5, 2000 | Closed Out: | Feb 22, 2005 | Buy Range: | $0.50-$0.75 |
---|
Interim High: | $1.11 | 48% | 3/1/2000 | Low: | $0.17 | -77% | 11/14/2002 | Cumulative Return: | -45% |
---|
Date |
Price |
|
Recommendation |
Action |
Net Cash |
Net Stock |
Gain |
New Status |
12/1/1997 |
$1.15 |
|
New BF MP Buy $1.01-$1.25 |
Buy 800 @ $1.25 |
$0 |
800 |
|
BF Buy $1.00-$1.25 |
12/11/1998 |
$0.75 |
|
BF Cycle Closeout Sell 100% |
Sell 800 @ $0.75 |
$600 |
0 |
-40% |
Closeout Hold 0% |
12/11/1998 |
$0.75 |
|
New BF TP Buy $0.76-$1.00 |
Buy 1,000 @ $1.00 |
$0 |
1,000 |
|
BF TP Buy $0.76-$1.00 |
1/5/2000 |
$0.68 |
|
BF Cycle Closeout Sell 100% |
Sell 1,000 @ $0.68 |
$680 |
0 |
-32% |
Closeout Hold 0% |
1/5/2000 |
$0.68 |
|
New BF TP Buy $0.50-$0.75 |
Buy 1,333 @ $0.75 |
$0 |
1,333 |
|
BF TP Buy $0.50-$0.75 |
2/22/2005 |
$0.41 |
|
BF Cycle Closeout Sell 100% |
Sell 1,333 @ $0.41 |
$547 |
0 |
-45% |
Closeout Hold 0% |
Summary Updated: |
| Current Status: | Closeout Hold 0% |
---|
BF Since: |
11/28/1994 |
Closed Out: |
1/11/2005 |
Updated: |
1/11/2005 |
BF Status: |
Closeout Hold 0% |
BF Buy Range: |
$0.30-$0.49 |
Priority: |
N/A |
Interim Hi: |
$1.00 |
104% |
Lo: |
$0.09 |
-82% |
Actual Gain: |
-55% |
Issued: |
20,694,723 |
Insiders: |
9% |
Updated: |
|
Current: |
$0.08 |
Diluted: |
21,944,723 |
Institutions: |
0% |
Life Cycle: |
Mid |
2 YR Hi: |
$0.31 |
WC: |
$72,412 |
JK Owns: |
No |
TROCL Risk: |
Medium |
2 YR Lo: |
$0.02 |
Tel: |
(604) 662-4481 |
People: |
Jim McInnes |
Featured As: |
Ex-Bottom-Fish |
Story: |
Diamond & Mineral Exploration |
Bottom-Fish Cycle Opened: | Nov 28, 1994 | Closed Out: | Jan 11, 2005 | Buy Range: | $0.30-$0.49 |
---|
Interim High: | $1.00 | 104% | 4/4/1995 | Low: | $0.09 | -82% | 11/7/2000 | Cumulative Return: | -55% |
---|
Date |
Price |
|
Recommendation |
Action |
Net Cash |
Net Stock |
Gain |
New Status |
11/28/1994 |
$0.40 |
|
New BF MP Buy $0.30-$0.49 |
Buy 2,041 @ $0.49 |
$0 |
2,041 |
|
BF Buy $0.30-$0.49 |
1/11/2005 |
$0.22 |
|
BF Cycle Closeout Sell 100% |
Sell 2,041 @ $0.22 |
$449 |
0 |
-55% |
Closeout Hold 0% |
Summary Updated: |
| Current Status: | Closeout Hold 0% |
---|
Williams Creek was adopted as a bottom-fish buy in the $0.30-$0.49 range on November 28, 1994 as part of my Bottom-Fish 100 List for 1995. My eyes were on the ATW diamond claims in Lac de Gras which Kennecott had pushed aside when it concentrated on the DHK group's Tliw Kwi Cho discovery. Over the years the ATW partners have continued to track positive indicator minerals on a gradually shrinking land position with no luck. Since 1998 Williams Creek has bounced along the bottom trading between $0.10-$0.20 with the occasional burst to $0.40. In 2004 Williams Creek latched onto a pair of crown grants at the edge of the Afton pit where DRC has found a major copper-gold deposit beneath the old pit. On January 11, 2005 I pointed this out to KBFO members a s Tip of the Day and threatened to relaunch Wiliams Creek as a bottom-fish buy in the $0.20-$0.29 range. The same day I closed out the old recommendation to chalk up a loss of 55% from the old $0.49 buy limit in preparation of launching a new bottom-fish buy cycle.. |
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