PCCLF:“PhosCan
Chemical Corp is a Toronto Stock Exchange-listed company which is engaged in
the development of the Martison Phosphate Project. The Company’s wholly-owned
Martison Phosphate Deposit is located 70 kilometres north of Hearst, Ontario
and has ready access to excellent infrastructure including rail, power and labor.” Long PCCLF
Why investigate PCCLF: consistent share count reduction dating back to 2008,
value created by shares purchased below net cash, strong positive insider
buying, selling for 30% of book value, 1.86% of shares held by value
institution Royce.
Stock
price of .26 versus per share values .86 for book value and cash .37, PCCLF price =.26
SNWRF:Sunward Resources is an exploration
stage company, evolved in the acquisition and exploration of mineral properties
in Colombia. It owns 100% interest inTitiribi gold-copper porphyry project that
covers 3,919 hectares. The company is headquartered in Vancouver, Canada.
Why investigate: Baupost Group (Seth Klarman) owns
10.74% of the company. Trading at 50% of book value, share count reduction over
the prior 52 weeks, negative enterprise value, negative 52 week change -80%, SNWRF price = .16
PRLS Peerless Systems Corporation revenues are derived from OEM customers through the
licensing of technology related to imaging solutions.
Why investigate: Net cash per share of 3.94 versus stock price of 3.62. Aggressive 19%
reduction in outstanding share count, October 31, 2013 2,638,000 shares
outstanding reduced 19% from 3,259,000 October 2012. PRLS price = 3.62
PBEGF: Petrobank Energy & Resource is a Canadian oil
exploration and production entity. “The Company operates Kerrobert heavy oil project using its patented
THAI® heavy oil recovery process in the field. “
Why investigate: current price .32 versus net cash of .46 per share. PBEGF price = .33
Why investigate: current price .32 versus net cash of .46 per share. PBEGF price = .33
