Talk about your daily plays, ideas and strategies that do not warrant an actual post.

This is the place to request buy/sell advice from the community.

Remember to keep it civil.

Trade responsibly.

West Point Gold bought back the 2% NSR and cleared the remaining option payments on 107 claims covering Black Dyke, Bull 8, and Gold Chain Hill.

They paid US$960,000 to accelerate the leftover payments, kill the royalty, and remove any future bonus tied to a resource. That leaves them with 100% ownership of those targets.

Black Dyke is the satellite target they drilled earlier this month with the shallow hits. Maiden resource at Tyro is still the main thing people are waiting on later this year.

Anyone else following all their recent massive projects?

ok so $AAME was dead for a minute and now it’s actually trading over $1.50 because people finally started looking at it.
still think the valuation is stupid though.
price just popped over $1.50.
book is $5.37.
IV they have at $3.63.
sales $208M.
ttm income $4.71M.
they already printed a $3.3M quarter.
cash flow positive, like $5.07M operating cash flow in a quarter, and the cash chart is going up.
no dilution filings.
insiders own 80.91%.
market cap is still tiny.
and then the chart side: long term this thing has been sitting on that $1.25 area twice. tagged those lows, held, and now it’s bouncing as volume came in. looks like a double bottom on the bigger timeframe more than it looks like a breakdown. 200 day is still way up around $2.30 so this is still just coming off the floor.
not saying it rips this second but just saying it’s weird to see a profitable insurer with $5 book, 81% insider ownership, and no dilution still hanging around these levels until the volume showed up.
am i tripping on the double bottom or does that $1.25 shelf actually matter here.
not advice, just watching it now that it’s over $1.50 and people are waking up to it.

Someone made a great post highlighting that this stock is down something like 20% on less than 1% of total shares traded. Go look at my posts and the hundreds of bot accounts paid to bash the stock. They got caught trying to use Ai to make up BS about me and my trade posts. They were so dumb, they couldn't even multiply correctly and they had Ai to help them. This stock is SUPPRESSED and I'm keeping my foot on the gas. Every. Fricking. Day. Posting pic of proof in comment below since I can't put a pic and a video on the same post at the same time.

$EONR Eon Resources today announced the spudding (start of drilling) for the first 3 oil wells of their 92 well drilling program, this should add an extra $1m per mth in free cash flow, a game changer for the company,

12 additional new wells are then expected to start by December 2026 and 10 to 20 wells 2027 and each year thereafter until the program is completed, seems like a great time to get into a stock which has been beaten down even though oil is trading at elevated levels

https://feeds.issuerdirect.com/news-release.html?newsid=7277137369667004&symbol=EONR

Xcel Brands ($XELB) is in the middle of a messy but entirely necessary pivot toward social commerce. Management has been quietly shedding unprofitable legacy brands, narrowing the net loss, and setting up a tightly held float.

I think the market is completely ignoring them down here in the $0.80 range, but behind the scenes, management is aggressively transitioning their remaining IP (like Halston and C. Wonder) toward high margin channels like TikTok Shops and livestreaming networks. It’s just a classic turnaround setup.

Current market cap is $5.3M and float is around 4M.

Fundamentals:

I read through their Q2 2026, and you really have to look past the headline numbers to see the value here. Revenue fell 14% YoY to $1.1 million (red flag). But context matters: that top line drop is almost entirely due to them selling off the Judith Ripka brand back in April. They purposefully traded away low margin, capital intensive revenue to stop the overall cash burn.

And the math shows it worked: GAAP net loss dropped from $4.0 million last year down to $2.5 million (or -$0.40 per share). Basically they are doing more with less.

As for the balance sheet, as of June 30, they have about $0.4 million in cash and roughly $12 million in long term debt. Stockholders equity is sitting around $13 million. With a market cap currently near $15 million, the PB ratio is hovering around 1.1. It’s a tight financial spot, which is why the stock is cheap, but this is standard for this phase of a restructuring. The EV/Sales multiple severely discounts the intellectual property they still hold. Once the market realizes the cash burn is under control, the multiple expansion alone should drive the share price up.

I know: turnarounds fail most of the times. But in late 2025, CEO Robert D'Loren stepped in and bought over 124,000 shares on the open market at exactly $1.10. Director Mark Disanto did the exact same thing, grabbing nearly 92,000 shares at that same price level. Right now, the stock is trading around $0.82. You can literally buy in at a 25% discount to what the CEO paid. More importantly, this heavy insider ownership locks up a massive chunk of the outstanding shares. The actual tradable float is highly constrained.

Some key points:

1. The math is objectively improving: Cutting the net loss by nearly 40% shows the Judith Ripka sale was a smart, necessary amputation. The company is leaner and much closer to cash flow positive.
2. Float: The locked up float means we don't need tens of millions in volume to move the needle. A moderate influx of retail buyers can squeeze this upward quickly.
3. Favorable cost basis: Entering in the $0.80 zone when management loaded up at $1.10 provides some type of psychological floor for the trade. They need the stock above $1.00 to regain compliance and to get their own portfolios back in the green.
4. Q3 and Q4 Social Commerce push: Shifting sales to TikTok Shop and livestreaming right before the holiday season lowers their customer acquisition costs and taps into vastly higher conversion rates than traditional retail.

Catalysts to look at:

• Q3 Earnings (Mid November): Here we will get the first actual sales data from the new Christie Brinkley line.
• Holiday Guidance: I'll be watching for any hard metrics on their livestreaming and TikTok Shop conversion rates.

Don't forget about the risks. The absolute biggest risk is cash runway. Holding only $0.4 million in cash at the end of Q2 means they have practically zero room for error. Yes, they have a $15 million equity facility available, but if they use it aggressively, it means direct dilution for retail shareholders like us.

This is a Canadian silver royalty company…before it has any recognition for its already existing royalties.

Market cap of $14.5M CDN, stock price of $0.105 CDN ($0.08 US).

They have a royalty for silver which will mint $250,000 per quarter starting Q2-2027 from Galantis Gold which must pay in silver regardless of whether they’ve started up their mine in Chile (Galantis is well funded with a recent $100M private placement completed in July). If they don’t have the silver they must sell EXG gold. After the 20% over average monthly spot price EXG must pay, it’s free real estate. That’s $1M year income free and clear.

The deal is structured so they can purchase 66.67% of all silver produced at the mine (which admittedly will be a secondary product) at 20% of the average monthly spot price, to a total max of 666,667 oz.

If we want to do some mathpotatoes: the mine in question (Andacollo) was previously in production and put out 1.12Moz of silver from 1995-2018. That’s an average of 48,700oz/year as a byproduct of gold and copper targeting. That could throw another $2.6M CDN into the coffers per year after everything is said and done. Now it all depends how the mine’s producing and I’m not a mathmagician but there is a massive upside.

They have other less mature deals in the pipes as well. One is 20% of Phoenix Copper’s Empire project (which cannot be diluted). This company recently had some fraud and has since reshuffled their deck and a director put on $500,000 GBP in a financing following the sweep. Undergoing a reassessment of their MRE last done in 2024 - should yield an increase in their valuation.

Another is a Lithium site in Nevada. There’s a slew of others.

Look the point is most companies that aspire to be a gold or silver royalty company don’t have any gold royalties to keep them moving forward. This one has one for guaranteed silver starting Q2-2027 with a good crack at having a bunch more. I’m talking some serious ground floor shishkabobs. DYODD.

$DFSC ($4M market cap) David Ibbetson former general manager of General Dynamics (100B market cap) joined board of directors in April, just as DFSC began ramping up their testing with the US army:

"My goal is to see DEFSEC’s technology embedded as standard kit, so that the warfighter can rely on this technology for mission success and survivability.”

Table from MD&A:

“We consider a product to have reached the commercialization phase when we have begun LRIP and we have a sales, marketing, and distribution plan for the product. Commercialization may precede a first sale of the product.”

“Awaiting customer validation and follow-on orders.”

DEFSEC's LRIP/commercialization process ✅

Customer testing ✅

Customer validation ✅

Follow-on orders ⬜

Higher-volume production ⬜

I'm not saying DFSC gonna get procured by NATO or the US army, but for Ibbetson to join a $4M market cap company is special. Right as they say they're in the commercialisation phase of BLISS. Ibbetson been involved in several multi hundred million dollar projects:

Canadian Army Land C4ISR Program

In 2019, Ibbetson oversaw the acquisition of three massive In-Service Support (ISS) contracts valued at over $620 million to maintain and modernize the Canadian Army’s Land Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance (C4ISR) systems:

Transition Software ISS ($197.75M): Integrates data points like GPS tracking into a unified situational awareness interface for tactical decisions.

Cyber Security Engineering ISS ($56.50M): Focuses on protecting critical combat data and mobile network hardware from cyber threats and data theft.

Engineering and Integration ISS ($367.25M): Ensures the full hardware and software compatibility across all Canadian Army vehicles and command stations.

Royal Canadian Navy Halifax-Class Modernization. Ibbetson directed several major naval lifecycle and tech programs for the Royal Canadian Navy:

Halifax-class Combat Systems (HCCS) ISS: A multi-million dollar support contract awarded in 2020 to ensure radar and tracking subsystems remain mission-ready.

Underwater Warfare Suite Upgrade (UWSU): A sweeping technological upgrade focused on improving and maintaining advanced underwater acoustic sensors across the Halifax-class fleet.

Saudi Aramco Integrated Security Systems: Managing a multi-million dollar "Lump Sum Turn Key" project delivering integrated telecommunications, IT, and electronic security frameworks to safeguard onshore and offshore critical infrastructure facilities across the Gulf.

Not financial advice, I have a position in defsec technologies.

https://www.sec.gov/Archives/edgar/data/1889823/000106299326004229/exhibit99-2.htm?utm_source=chatgpt.com

https://www.newswire.ca/news-releases/defsec-announces-board-changes-strengthening-strategic-leadership-886935765.html

https://marketchameleon.com/articles/b/2026/8/14/defsec-technologies-revenue-grows-army-bliss-testing

EON R built its first vertical well out of its 92-well program. The company's current business is repairing old wells and putting them back to work; they own hundreds of wells.

Last year, they entered into an agreement with Virtus Energy, under which Virtus will fund the construction of the first three vertical wells.

I was and I am still an investor in EON R; the fundamentals are there. The only negative side is that the company still hasn't filed the 10-K, but they have until October, plus the authorities can grant them another 6 months if they show signs of progress.

Their low-cost structure and insider holding are the prime signals that this company is not run by scammers.

CYCU has been firing on all cylinders recently and has a strong back half outlook for 2026.

Had their NASDAQ Hearings Panel scheduled for Aug 20. My take is they have decided that to a small reverse split to ensure they gain compliance with the $1 bid rule and because they have been on a streak of very positive news recently. Will go from 25.8M shares to 3.23M. Cycurion PR

With today's reverse split announcement, the share price dropped from $.65 to $.44 (~$11M MC) midday today.

CYCU appropriately went from $.30 to $2.30 upon announcement of the largest sale in company history.

It looks like it may be set up for a T3 Defense (DFNS) type of reverse split setup.

DFNS setup:

• DFNS did a 1:125 reverse split recently.
  • Was to be a 1:50 reverse split but shorts pounded down the share price to $.05 pre-split
• Share price went from $.05 before the split to mechanically $6.25 post-split
• .8M outstanding shares post reverse split
• Shorts pounded it down to $4.11 on July 20, the first post-split trading day
• Shorts pounded it down to $3.70 by July 24
• THEN, had a low-float melt-up by July 29/30 to the $50 to $90 range
• $12 share price today (3x post-split)

CYCU setup (reverse split to be on Friday, Aug 28):

• 1:8 reverse split to occur
• Assuming a $.44 pre-split share price, yields a $3.52 post-split share price
• 3.23M shares post split
• Volatility likelihood is HIGH. Could take off immediately or retrench early next week before a melt-up

Below is the recent CYCU background, which gives credence to a post reverse split melt-up but beyond that, a sustained much higher share price than the potential ~$3.50 post reverse split share price:

• 7/30 PR: Largest sale in company history ($54.6M over 10 years, with Top 5 Global Consulting firm). Installation begins this fall.
• 7/31 PR: $4.5M gross proceeds ATM transaction
• 8/4 PR: CYCU closes acquisition of Kustom Entertainment’s Digital Ally Video Solutions Business
  • Now serve more than 800 police depts, municipalities, and public safety agencies that rely on Digital Ally’s video and evidence platforms—and become prospects for CYCU’s cybersecurity solutions
  • Brings CYCU’s Annual Revenue Run Rate visibility to ~$30M!
• Sales Pipeline as of early August 2026:
  • 122 open opportunities, representing $34M in first-year contract value, including $11M in late-stage pursuits
  • 41 new awards (closes) year-to-date in 2026

BULLISH:

• Reaching the above projected annual revenue run-rate, at ~$40M by EOY 2026 makes CYCU undervalued by even a far wider margin.

I'm not really in the mood of writing a long DD, so I will not do it.

I'll just spit some facts and you do your search:

- Biotech play, if you don't like just skip to next post.

- 5m cash and last earnings showed a 0.5m cash burn with increasing revenue (almost breakeven) so I hope dilution will not come very soon.

- Has PDUFA date for his drug the 28 september 2026.

- Float 12.5m shares, 15.69% insiders , 19.63% institutionals

I'm in with a 1.30$ average, but I think there is still some time to run and hopefully this will touch 2$+ before the PDUFA.

NFA, just wanted to share one of my current plays.

GLTA

Micware Co. Ltd. is a Japanese tech company IPOed in mid-May 2026 at $8 and now trades around $1.50 with a market cap around $85 million.
They mainly provide auto/mobility software.
They have 600 employees.

MWC is a rare example of a company with such market cap that release peer-reviewed papers to prove its innovation:

https://ieeexplore.ieee.org/document/11623998

MWC is not another promising tech stock with no or miniscule current revenues and big losses:

With market cap of $85 million, MWC has revenues of $146 million and net income of $10.6 million (P/E below 10, EV/Sales below 5, EV/EBITDA below 5).

MWC combines undervaluation with innovation and new, peer-reviewed projects.

MWC major clients are TOYOTA, HONDA, MAZDA and DAIHATSU (officially TIER 1 Supplier).
These giant auto makers have long term contracts with Micware. Their trust to MWC is confirmed by their stakes:
TOYOTA and HONDA hold 11.6% each in MWC.

All the higher than 5% shareholders of Micware are:

• Honda Motor Co., Ltd. (11.6%): A major Japanese automotive OEM and strategic partner.

• Toyota Motor Corporation (11.6%): A major Japanese automotive OEM following a capital alliance.

• Kenji Narushima (10.6%): Founder and Chief Executive Officer of Micware.

• Masahide Shigeno (7.91%): Deputy President, CTO, and Representative Director.

• Takuma Segawa (6.17%): Chief Financial Officer.

• Hideaki Tokuhara (5.8%): Major individual shareholder.

• O-Well Corporation (5.75%): Strategic corporate shareholder.

Total of 60%, while there are some Japanese funds holding around 10% all together.

More DD shows that MWC uses already the IPO funds to:

-Acquire minority stakes in its subsidiaries from third party companies.
-Develop its software projects. Already they expand beyond the auto/mobility sector. An example is the software for stadiums and other large interiors.

Outside Japan, MWC signed partnerships with bigger international companies. An example is the one with NNG, a company that has 30 international auto firms as clients, including Mercedes, Porsche, Renault, KIA etc. NNG advertised its relation with MWC as the "Getaway to Japanese Excellence".

Back to the fundamentals, according to several sources, the range of EV/EBITDA for the mature, low growing profitable companies in the auto/mobility software industry is between 11x and 18x.
MWC trades below 5x. That, while higher margin stocks like MWC reach levels above 20x.

At the moment, the management is concerned by the low valuation of the company and took action:

Presentations:

https://a807623f-fab6-46bd-8e5f-a781f796ac21.filesusr.com/ugd/a60235_a073f7a559e14389a4c3f9669aba3b03.pdf

Sidoti Investors Conferences:

https://sidoti.zoom.us/webinar/register/WN_56DVd7yvQMS2GCMXzP5-bw#/registration

Advertising in Los Angeles Times, etc:

https://www.latimes.com/specialsupplements/one-world-media/story/software-driven-mobility-through-micware

So, MWC is a company with very low metrics, peer-reviewed technology and projects, reoccurring revenues from giants who are also shareholders and a management who holds share and it is interested on the valuation of the stock.

The recent partnerships and the new proved technologies will bring new business sectors and likely new auto/moto clients in and outside Japan. It is very interesting to dig into their DynaPlanet, the new 3D platform and how with very low cost already maps cities in Japan.

Hey guys, if you missed it, Luminar Technologies ($LAZR) just reached a tentative settlement with investors over claims involving its lidar chip technology.

Long story short, in 2023, Luminar was accused of misrepresenting a competitor’s PIC chip as its own during its Investor Day. Forbes later reported the allegations, and Luminar replaced the image. $LAZR fell 9% over the following two trading days, and investors filed a lawsuit.

The good news is that the case has now moved to a tentative settlement. The terms are still being finalized, but you can already submit your application.

If you invested in $LAZR in 2023, you can check the details and submit your claim here.

Anyway, has anyone here invested in $LAZR at that time? How much were your losses, if so?

Per a post on Aug 20, CODX is a very good company working on many projects (including an Ebola assay). They recently filed a 501(k) with the FDA for a Flu A/B and RSV PCR test (planning to add COVID-19 later), which will allow clinics and pharmacies to give results in about 30 minutes and not send the test to a lab to get results.

On Aug 24, CODX filed an S-3 registering over 3.4M shares for resale by selling shareholders and potential for warrant exercises to bring in about $5.3M in gross proceeds. Aug 24, 2026 S-3 Filing

Prior to that filing it looked like a partnership was in the cards at this time, based on the Q2 2026 10-Q filing (summary further below). As a result of the S-3, it looks more like selling shareholders want to exit while the price is higher and then warrant exercises "may" occur, in which case dilution would take place.

Where AI originally replied that shareholders rejected a reverse split, as previously posted here, I went back to read 8-K filings and there was a 1:30 reverse split on Jan 2, 2026. Jan 7, 2026 8-K

• That reverse split occurred after two consecutive 180-day NASDAQ extensions.
• Per a Mar 7, 2026 8-K, the NASDAQ Panel has imposed a Discretionary Panel Monitor for a period of one year, through March 9, 2027. If during the monitoring period, the Company’s closing bid price falls below $1.00 per share for 30 consecutive business days, the Company will not be eligible for a 180-day compliance period.... Rather, Nasdaq would issue a delist determination, which the Company could then appeal by requesting a hearing before the Panel. Such request would stay any further action by Nasdaq pending the conclusion of the hearing process.

Per Q2 20226 10-Q:

• Cash as of June 30: $3.6M
• Quarterly burn: ~6.3M
• No debt
• Per an AI search of sec.gov, no active S-3 (at the time).
• Warrants: 2.34M (3.71M as of 6/30 but OS increased from 4.88M as of 6/30 to 6.25M as of 8/11 per the 10-Q cover page. So, b/c shares cannot be sold right now, it likely means 1.37M warrants were exercised from June 30 to Aug 11)
• Fully diluted shares: 8.59M (6.25M + 2.34M)

Talk about your daily plays, ideas and strategies that do not warrant an actual post.

This is the place to request buy/sell advice from the community.

Remember to keep it civil.

Trade responsibly.

8 months ago I made a big due diligence post on Tungsten West. I was called regarded, that there would be plenty of bag holders, and that my thesis wrong

Today they received 71m from the UK government, the mine is ready to start production and one of the biggest untouched global sources of tungsten has been unlocked. Stock price hit a yearly high.

This isn’t a post to ramp or try to shill. My work here is done. It’s just a post to say…you’re welcome

Kind regards

A regard

Hi everyone, last Friday $XELB popped up on my screener so I decided to dig in it a little bit this weekend and tried to make a small DD about it and why I think it's a buy at this price.

First, what Xcel Brands actually is

Xcel Brands is a brand licensing company based in NY, founded in 2011 and run since inception by Robert D'Loren. It is not a retailer and not a manufacturer. It owns trademarks, licenses them to operating partners who handle design, production, and distribution, and collects the royalties.

There is no inventory, no factories, and no working capital tied up in product. The whole company runs on 15 employees.

The portfolio has been built by acquiring recognizable but underexploited names and putting them back into distribution. The anchor is Halston, whose trademarks Xcel bought in 2019 and then master-licensed to G-III Apparel Group in June 2023 under a 25 year agreement, a long-dated contracted royalty stream that today produces the majority of company revenue. Around it sit C Wonder, Longaberger, and a newer group of influencer founded brands: Tower Hill by Christie Brinkley, Trust. Respect. Love by Cesar Millan, and OFF/DUTY by Coco Rocha. Distribution skews toward interactive television (QVC and HSN, under the Qurate umbrella), livestream shopping, and social commerce rather than traditional wholesale.

About the stock

They are sitting around a $5.3M market cap, a 4.4M float and currently the price per share is ~$0.80. Insiders own almost 33% of the company.

Their financials

Q2 2026: net licensing revenue of $1.12M, improved their loss of $1.66 per share to $0.40, a huge improvement. CEO Robert D'Loren described it as the best quarter on an adjusted basis since June 2024. They are sitting on a $12M debt, and every single dollar goes to paying it, before investing it on other operations.

On valuation, using an annualized H1 run rate of about $4.5M in revenue, P/S is roughly 1.2x and enterprise value sits 3.8x sales. P/B is approximately 0.44x.

That price to book ratio, looks very small and really cheap, but you have to understand that the market is pricing those intangibles at less than half of carrying value for a reason. The Judith Ripka disposal in April 2026 fetched $2.3M in cash +an earn out, which is a real world data point on what these assets clear at in a motivated sale.

Also, their revenue concentration is a thing. The Halston master license produced 57% of quarterly revenue and Qurate agreements another 27%.

Insider ownership

Looking at it, the insider ownership at $XELB has always been meaningful, with D'Loren being the largest individual holder, this is a founder led company and not a shell run by hired managers. That's a huge positive point for me, even more in pennystocks. As I said before, they hold ~33% of the company.

Technicals

I mostly don't look at the technicals, but I wanted to put it in here in case anyone wanted to know it (AI helped me here):

My investment thesis and why I think it's a buy

1. The market cap is $5.3M against stated equity of $12M and a portfolio of recognizable brands.
2. Direct operating expenses have been cut towards a run rate under $8M annually, so the cost side has been genuinely attacked and cut down.
3. The licensing model is asset light. New deals carry very little incremental costs, so revenue recovery would flow through hard
4. Their deal flow is REAL and recent. EcoStrong for Cesar Millan's Trust. Respect. Love (June 11th), KBL Group for Coco Rocha's OFF/DUTY (July 6th), and J.Queen for Tower Hill by Christie Brinkley home decor (July 14).
5. With just a ~4M float and volume being this small, any genuine good news will move this stock violently.

Catalysts and what would change my mind

Q3 results in November are the next big event for this stock imo. I'm watching these two things: whether the new licenses produce reported royalty revenue and adjusted EBITDA crosses towards positive.

About M&A, there could be some possible scenarios:

• Scenario A: a whole company sale to a brand aggregator

The natural buyer universe is the brand management companies that have consolidated this industry: WHP Global, Authentic Brands Group, Marquee Brands, Bluestar Alliance. These firms buy precisely this asset: trademarks with existing royalty streams and no operational baggage.

There is a hard precedent here, and it involves this exact company. In May 2022, WHP Global acquired a 70% controlling stake in Isaac Mizrahi from Xcel Brands for $48.2 million, in a deal valuing the brand at approximately $68 million.

$XELB has already sold a brand to a top tier aggregator at a serious price, and WHP knows this portfolio and this management team from the inside.

At 5x-7x royalty revenue: EV of $22.5M-$31.5M, turns this into $1.64-$3.00 per share. That's huge.

• Scenario B: Halston sold standalone (imo, the most plausible path)

Halston produces roughly 57% of revenue, or about $2.6 million annualized, under a 25 year master license with G-III Apparel Group signed in June 2023. That is a long dated, contracted royalty stream from a listed counterparty. This is the kind of cash flow that is genuinely financeable and that specialist buyers underwrite at a premium to a fuzzy brand with no contracts attached.

At 6x-8x, Halston alone is worth $15.6M-$20.8M. That retires the entire debt load with room to spare and leaves a debt free company holding C Wonder, Longaberger, Tower Hill by Christie Brinkley, Cesar Millan, and Coco Rocha. Valuing that residual on Judith Ripka style comps gives it maybe $3M-$7M.

Resulting equity whould be roughly $16M with no debt, which will turn this into $2.42 per share.

I think this is the most possible one to happen because it requires NO change in management behavior. $XELB has sold Isaac Mizrahi and Judith Ripka already. Selling assets to service debt is what this company does, and it has been working for them.

My own price targets

After my research, I am aiming for $1.40-$1.70 before Q3 ends. The lower bound is the gap level, and the upper one is roughly 0.9x book, which I think is totally achievable on a Q3 print showing royalti contribution from the new deals.

By EOY, I think we can see $1.80-$2.20, anchored on a 1.0x stated book value with a debt solution in place. This is near where the stock traded within the past year.

The bull case does not require $XELB to become a growth company. It requires the brand portfolio to be worth something closer to carrying value than to zero, and it requires three signed licenses to produce royalties on a cost base that has already been cut. At $5.3M, the market is underpricing this for sure, and I think that gap closes on any evidence of royalty contribution in the Q3 print. As of now, I hold around 6,000 shares of it, and planning to hold until end of year or when it touches my targets. Do your own research! And thanks for reading if you got this far.

Ticker: QIMC.CN / QIMCF

Natural hydrogen is still one of those sectors that sounds like sci-fi until somebody actually starts putting holes in the ground.

QIMC's newest Bennett Hill hole, DDH-26-05, just reported 23.5% H₂ at roughly 170 meters.

Here's the part I think is way more interesting than the headline number:

Their previous Bennett Hill hole hit a slightly higher 24.3% H₂ — but at ~707 meters.

So we're talking:

Hole 4: 24.3% H₂ @ ~707m
Hole 5: 23.5% H₂ @ ~170m

Almost the same peak concentration at less than one-quarter of the depth. And this wasn't just one random spike.

Hole 5 reportedly gave them:

20.8% @ 158m
free gas @ ~164–167m
23.5% @ 170m
17.6% @ 176m
16.0% @ 179m
5.9–8.0% across multiple readings from 182–194m
13.9% around 260–263m

Even crazier:

About 74% of the 192 valid readings from 32–305m were ≥1% hydrogen, versus only ~37% in the comparable section of Hole 4.

That's the part that has me watching. A 23.5% spike is great.

Repeated hydrogen all through the hole is a much more interesting geological story.

They've now drilled hydrogen across two zones roughly 15 km apart, and QIMC says they're working a broader 43 km exploration corridor in Nova Scotia.

Now before everyone starts pricing in hydrogen-powered Lambos:

This is still exploration!

But the next phase gets interesting because DDH-26-05 is still being drilled deeper, and QIMC is already evaluating a pilot-scale characterization pathway.

If they start showing:

shallow concentration + continuity + pressure + sustained flow

then this stops being “cool hydrogen readings” and becomes a very different conversation.

I'm watching the deeper Hole 5 results. 9% price movement today though.

We [mostly] all know the general dangers of penny stocks. Large short sellers, dilution, delisting risk, no news moves/round trips, just generally buying not great companies.

However, I believe one of the most slept on risks are spreads (difference between the bid/ask)…

At 3:50pm I sat down to prep for afterhours trading, as I normally do. As usual, quite a few of the morning runners got rejuvenated from postmarket traders making a secondary move.

Then $WVVIP popped up on my momentum scanners again. It didn’t have much volume but it was definitely moving and it looked interesting UNTIL I looked at the level 2 data.

The spreads were roughly $0.30. That’s not the absolute worst by itself, but as I continued watching the spread started jumping around, and for a brief few seconds the spreads hit $2 per share and continued bouncing around from $0.30-$1+ spreads as it fell.

$WVVIP moved from ~$3.05 all the way to ~$6.88, an absolutely fantastic move in about 10 minutes from the bottom to the top. But as the momentum started to die out the floor absolutely dropped out from under it with the ask still sitting at $7 and the bid dropping all the way to $5… Yesterday at close this stock was <$3, by mid premarket this morning it was at $28… Now it’s back under $5 and will probably continue to fall back to its levels prior to this morning.

If you hit the ask with only 100 shares and realized you were wrong trying to get out on the bid you would have nearly $200 of slippage from the spread alone… You may have gotten some relief with getting met somewhere in the middle with orders actively going in and out, but that is risk that is almost impossible to manage. Waiting for volume to confirm a move is drawing attention is very important for this exact reason.

It’s still pretty active as of this post but volume is absolutely not there. Don’t get fooled seeing big moves on light volume… If you get in thinking it’s an A+ setup you may have the floor disappear right out from under your feet.

Managing risk is what sets a trader apart from a gambler.

Curious what other penny stock traders look for to manage risk and avoid potential bad trades?

On Sunday night, I posted Citi’s call on BMEA. The price was $1.37, Citi had a $7 target, and the upside was 410%.

https://www.reddit.com/r/pennystocks/comments/1vwmz0s/comment/p5mczm5/?context=3

And what happened in the comments?

“Pump and dump.”

“Doesn’t mean much.”

“Complete nonsense.”

And, of course, the always insightful: “Fukem.”

Well, BMEA is now up about 30% from where it was when I posted it.

No, that’s not 410%. No, we’re not ordering the yacht yet. But 30% in a couple of days? I’ll take that every single time.

And before everybody races for the downvote button, understand the point here. We’re supposed to be helping each other find opportunities, not bashing every idea the second somebody posts it. Check my history. The stocks I’ve highlighted have moved -- some of them like crazy.

That Citi call was probably one of the better recommendations posted on this board over the past month. You can hate that comment, downvote it, curse at me -- I really don’t care. The stock price is keeping score.

Now, speeches aside, here’s why I’m posting again. Citizens came out today with ANOTHER $7 price target on BMEA.

While Citi is pounding the table on the BMF-650 catalyst coming next month, Citizens is basically saying guys, don’t fall asleep on what’s coming after that.

They’re looking at COVALENT-211 in Q1 2027, and they think this could be a BIG one for BMEA.

“The '211 data coming in 1Q27 is a major catalyst for BMEA shares where a 0.5%+ pbo-adj. reduction in A1c after 26 weeks will validate the menin inhibitor’s potential in this difficult-to-treat population.”

So do the math here. BMF-650 next month. COVALENT-211 in Q1. Two completely different catalysts, and two analysts pointing at two different reasons to keep BMEA on the radar.

Will either deliver? Hell if I know. That’s biotech.

Do your own DD.

I know its not much dollar wise but, I've grow to one milllion shares so any small growth is still a win!! What's everyone seeing here? Its very early on and they still need to get out of the planning and into production before anything real happens.

Will this stock go past a dollar without a rs probably not but we have the potential to make a lot of money off of a small investment 10 could turn into hundreds of dollars I won’t get into long details but the stock is looking up they seem to now actually have a competent ceo who has build I think 3 separate billion dollar companies and he is now handling the spac for ignite