ROYT Up 50.8% in Under Eight Months . . . BYE!

Child #1 put $6,078.91 into Pacific Coast Oil Trust (ROYT) on November 24, 2017.

Child #1 then got $9.168.17 out of ROYT over the next eight months and put the dollars into New Millennium Iron ( NWLNF ) in July, 2018:

child1royt2nwlnf

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Potash: How Undervalued Can One Commodity Get?

Potash in February, 2017 hit its lowest price in terms of U.S. dollars since September, 2007:

potashdollarlow

 

But potash seven months later in September, 2017 hit its lowest price in terms of gold in over thirty years and has since bounced back only 3.32%:

potashgoldgraph

 

Click here to get the raw data that I got from indexmundi.com and looks like this:

potashgoldrawdata

 

 

Why I Seek No Compensation

Why I Seek No Compensation for Investment Advice, and Why You Should Not Offer Compensation for Investment Advice:

If you lack confidence in your ability to manage your own investments, then I think that you should get an ETF based on an index.  If you cannot competently choose your own investments, then you surely cannot competently choose the person to choose your investments.

What ETFs to purchase? I recommend RSP, VB, and VSS.

 

Western Resources Trading for Less Than Cash Net of Liabilities

Would you pay forty-one dollars for a bag of fifty-four one-dollar bills?  Western Resources is the bag.

Western Resources as of December 31, 2017 had current assets of C$55,036,237 and total liabilities of only C$567,127. See page 3 of the FINANCIAL STATEMENTS at SEDAR:

wtrnfbalancesheet171231

Western Resources is split into Shares Outstanding of 93,437,110 and Stock Options Outstanding of 930,000.  So the fully diluted shares would be 93,437,110 + 930,000 = 94,367,110:

wtrnfsharesoutstanding170930

So the current assets net of all liabilities per share would be (C$55,036,237 – C$567,127) / (94,367,110 shares) = C$0.5772.  Current assets is a balance sheet account that represents the value of all assets that can reasonably expect to be converted into cash within one year:

investopediacurrentassets

Western Resources as of February 16, 2018 was selling for C$0.43 per share:

wtrnfstockhouse180216

or (C$0.43 per share) x (94,367,110 shares) = C$40,557,857 for the whole company.

So C$40,557,857 gets you (C$55,036,237 – C$567,127) = C$54,569,110 cash net of liabilities.

BUT THAT’S NOT ALL!  YOU ALSO GET . . .

a potash deposit determined by a feasibility study to be worth C$2.44 billion AFTER-TAX:

wtrnffeasibilitystudy

Do insiders own any shares?  Yes, they do.  The corporate presentation on page 3 shows that “Strategic Investors hold approx. 65.8% of the company’s outstanding shares”:

wtrnfinsiders

And Rio Tinto will be very cooperative:

wtrnfriotinto1of2

wtrnfriotinto2of2

Good Times Ahead for Zimbabwe? How About South Africa?

Now that Mugabe is gone from power in Zimbabwe, can the people there hope for better times ahead?  The following video strongly suggests so:

Because at least some people in Zimbabwe have gotten the idea that government-mandated confiscation of property and inflation of the currency supply does no good, perhaps voters in neighboring South Africa will learn from the harsh experience of Zimbabwe under Mugabe without making the same mistakes themselves.

Good times ahead for Eastern Platinum?

 

Bitcoin Is Not A Coin?

I chatted with a pipefitter a couple of days ago during one of many Christmas vacation gatherings.  Although his profession does not enjoy a lot of prestige, he works a lot and provides well for his family.

He asked me if Bitcoin is good to buy.  I said no because it is just a piece of software that can lose out to software not yet made.

To my surprise he asked if I meant that Bitcoin is not even a coin?

The same thing happened to Peter Schiff recently when a truck driver called him and asked about Bitcoin.  Peter Schiff was also surprised when the truck driver asked if Bitcoin was not an actual coin.

Then we have the stripper recommending bitcoins.