Armchair good karma to you "Virtual" Vulture Fund of 85 cash-rich juniors: Stockhouse Ticker Trax
6/12/2012 12:56:03 PM | Danny Deadlock, TickerTrax
This week (as discussed late May) we are launching our Ticker Trax "Virtual" Vulture Fund. This table of 85 cash rich junior exploration companies on the TSX and TSX.V will be updated with new financials and relevant data every two weeks.
These companies have a minimum $10 million in net cash and investments (after debt) and the two tables are sorted by total cash and cash as a percentage of total market cap. As an example you can see with Canaco (CAN.V 0.32) where their $95 million in cash is worth almost 40% more than their total market cap. These often have very attractive risk / reward because the cash can be bought at a substantial discount. As markets recover or fundamentals evolve, the gains can be dramatic as these companies are typically the first to bounce back hard.