Michael Berry’s 10 Discovery Factors for Exploration Investing
Al Korelin chats with Dr. Michael Berry of http://www.DiscoveryInvesting.com at the 2012 California Investment Conference about his process for finding value in discovery/exploration companies before focusing in on one specific potash play.
Hi Marc,
We made a whack of money in a water company about 8 years ago. Worked with them (SEC reporting) from $0.25 to $5. One of the bigger successes of my career.
Passport could be another one. We’ll see. (Not investment advice)
Big Al
CFS,
Do you have any opinion on Brazil Resources, Inc. (US, BRIZF)?
Marc
Re: BRI.V
SEDI search shows no recent insider buying or sales
640k options given out 10/3/11, representing 640/57k dilution…..OK
TA not great, but OK for exploration stock at 16% buy overall.
Looks like it will drop for a few weeks then rise. (Indicated by MACD)
(It did show a weak sell signal back on Feb 6)
Currentlly RSI is at 53.5 …..pretty neutral.
BRI.V
Price Support Pivot Point Resistance
1.4500 1.4300 1.4600 1.4900 Canadian $
Analysis on BRI.V only, because BRIZF is too recent a listing to have data going back far enough.
Did not have enough time to check Cash on hand or burn-rate.
Thanks, CFS!
Again thanks! Safe traveling!
Hi CFS,
I concur with Marc, thank you.
Big Al
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Big Al,
Initiated positions in the Potash sector including Passport and the ETF SOIL! And, I believe WATER is the next Gold. Look at the companies that effectively and efficiently process alternative water sources. Full disclosure, I had some ETF water plays like PIO, but got out to go after quicker growing areas. Huge opportunity there, though, I believe in my humble opinion!
All the best,
Marc
PS – All the beer you want Al – I will drive?! HA