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Bullboard - Stock Discussion Forum New Age Metals Inc NMTLF


Primary Symbol: V.NAM

New Age Metals Inc. is a Canada-based junior mineral exploration and development company. The Company is focused on the discovery, exploration and development of green metal projects in North America. It has two divisions: Platinum Group Element division and Lithium/Rare Element division. Platinum Group Element division includes the 100% owned, multi-million-ounce, district-scale River Valley... see more

TSXV:NAM - Post Discussion

New Age Metals Inc > If Past history repeats> Collective data>a Shareholders view
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Post by CatamaranFund on Feb 11, 2022 2:08am

If Past history repeats> Collective data>a Shareholders view

While past 3 years of historical timeframe momentum in NAM (measured between Jan to March/ april for each year) does not guarantee future returns - the next 45 days could result in significant upward movement.

There are also other indicators that could trigger upward potential;

1. Progressive accumulation of NAM shares by Eric Sprott to the tune of approx 24% of shares as recently reported and picked up by the Market Herald- who gave a quick outline; 

  • Eric Sprott has allowed 14M New Age Metals (NAM) warrants to expire unexercised
  • This represents a decrease of four per cent in his ownership stake
  • He now controls 30.7 per cent of the company on a partially diluted basis
  • New Age Metals is focused on the discovery, exploration and development of green metals projects in North America
  • New Age Metals (NAM) closed unchanged trading at $0.10 per share
  • Eric Sprott has allowed 14M New Age Metals (NAM) warrants to expire unexercised.
  • This represents a decrease of four per cent in his ownership stake.
  • He now owns and controls 51.5M New Age shares and 18.75M warrants representing 24.5 per cent of the company on a non-diluted basis and 30.7 per cent on a partially diluted basis.
  • Sprott holds the securities for investment purposes with a long-term view.
  • Reference Link: https://themarketherald.ca/eric-sprott-announces-holdings-in-new-age-metals-inc-2022-02-04/?utm_source=stockhouse.com&utm_medium=widget&utm_campaign=stockhouse.com%7Cwebpart_news%7Cnews_tab
2. Recent MorningStar Quantitative research (Feb 8) reveals that NAM has a 3 *** rating with a fair value of 19 cents as Fair Value, meaning NAM is undervalued at a 51% discount (Cdn). 

3. With a market cap of  approx 21M, Thompson Reuters  has One analyst recommending NAM as a BUY (Feb 10) with a 12 month price prediction target of 38 cents Cdn; thats approx 245% from its current level. (Take that to the Bank!)

4. NAM recently signed an important MOU with Nipissing First Nations River Valley so all stakeholders are coming together nicely and no doubt the NAM team and Mr. Sprott are wooing potential suitors for a successful mining candidate or partnership. Palladium & Lithium pricing are both on the rise lately with some volatility as miners are still 'unloved' and most need to find a Valentines day partner so hopefully when the Full PEA results are in and the engineering teams finish their due diligence then things will start to swing towards a more positive direction.

5. Unpredictable geo-political tensions may result in a blockage/shortage of palladium shipping from one major supplier ( Russia) and South africa may not be able provide enough so Canada may need to get their PGM act together and start digging - otherwise your car may suddenly sound nosier as industrious theives use sizzle saws to slice through your exhaust in 90 seconds for the 'catalytic cash' ...btw 2 cars in my parking lot recently lost theirs in broad daylight, one was a beamer (ouch X2)

Observations:
NAM has been improving their level of communication to shareholders through the NAM site & various portals and it is appreciated.

OFI - Opportunities for improvement
It would be good to see some visible inside buying activity. When CEO/DIR/Officers have progressive> 'fresh skin' in this investment - it has a reassuring effect on shareholders  

If i missed any other potential success factors or misrepresented facts - please comment and Cheers to all NAM shareholders and lets hope that it is a prosperous 2022 for the patient investors.
 
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