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Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Price History  |  Ratios  |  Insiders

Bullboard - Stock Discussion Forum McChip Resources Inc V.MCS

Alternate Symbol(s):  MCCHF

Metals & Mining Gold
McChip Resources Inc. engages in the natural resource industry in Canada. The company invests in petroleum interests, direct in interests, and indirect in minerals, such as marketable securities and investment in other companies. It also holds interests in the Saskatchewan Potash project located in the province of Saskatchewan. The company was formerly known as Madsen Red Lake Gold Mines... see more

Bullboard (TSXV:MCS)

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(581)
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  • TorontojayX
Comment by Torontojayon Jan 24, 2021 8:45am

RE:Net net stocks

In addition, cash flow from operating activities in the last 4 quarters has been $174,013 
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(581)
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  • TorontojayX
Post by Torontojayon Jan 24, 2021 8:31am

Net net stocks

The net net working capital of Mcchip Resources as of Sept 30th 2020 is $4,986,891.5 which compares to its market cap of $3,622,462 million which implies further upside of =~ 37.62% 
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Comment by 3DThreeon Dec 04, 2020 10:38am

RE:RE:RE:RE:RE:Intersting Find - Need tpo get into these financials

There is a gold exploration / move towards production asset buried in there as well.   Interesting company.......just no liquidity.  
232
Post by schocoron Aug 06, 2019 3:38pm

Intersting FInd - Ramifications - $.011/share

So there will be a 6.8uM settlement on the Baffinland buyout. $5m of that will be net to shareholders (lawyers get 1.8m). There were 342m baffinland sahres outstanding so each share gets about $.0146 ...more  
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Comment by schocoron Aug 06, 2019 3:15pm

RE:RE:RE:RE:RE:Intersting Find - Need tpo get into these financials

Developments Proposed Settlement, Claims Process and Opt Out Deadline A settlement has been reached in the class action. The settlement provides for the payment by the defendants of the total amount ...more  
241
Comment by ekimon Sep 09, 2018 8:48pm

RE:RE:RE:RE:Intersting Find - Need tpo get into these financials

The potash asset was a hidden asset for many years. They also have another hidden asset that you can't find anywhere in the balance sheets or cash flow statements. --> https://www ...more  
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Comment by redcoatson Jul 07, 2018 11:21am

RE:RE:RE:Intersting Find - Need tpo get into these financials

Just to add a couple of other fine points: The $500,000 is dependent upon the success of Altius. In other words, for the most part, this is an almost pure potash play. Nothing wrong with that, but ...more  
304
Comment by ekimon Jun 20, 2018 12:52pm

RE:RE:Intersting Find - Need tpo get into these financials

A couple of fine print items...but other then that it is all good. The company will be issuing a dividend annually at between 8 to 10 cents for the next 8 to 9 years. Then that dividend will stop ...more  
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  • 35Freedom35X
Comment by 35Freedom35on May 01, 2018 7:40pm

RE:Intersting Find - Need tpo get into these financials

Also looking in to this. so far it's looking like a solid buy at this price.  Have you found anything to not buy this stock?
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Post by schocoron Apr 23, 2018 6:42pm

Intersting Find - Need tpo get into these financials

This looks like a company with more cash than market cap and a $500k a year revenue stream?!?!? Clearly I must be missing something - which I will find - because it looks too good to be true.
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Comment by huesoson Mar 13, 2018 8:31pm

RE:RE:BIG NEWS -- $3 million sale

So after the sell off today, it looks like this is trading at slightly less than cash held. Is there an ongoing business plan?
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Comment by ekimon Nov 05, 2017 6:51pm

RE:BIG NEWS -- $3 million sale

So...doing a bit of research. The Book value of investments they have (not including the potash royalites) and after you subtract current liabilties sits at about 55 to 60 cents per share. This ...more  
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Post by ekimon Nov 05, 2017 6:42pm

BIG NEWS -- $3 million sale

Totally missed this news up until now. McChip just sold off its entire Potash Royalty to $ACS for a $3 million cash payment plus annual payment sof $500K for 10 years. Considering the market cap sat ...more  
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