CNIT is a very curious company. On September 4, 2013 it issued a press release titled “China Information Technology, Inc. Entered Into Exclusive Cooperation Arrangements with Biznest Internet &Software Co.” (see the 6-K filing). One might be led to believe that Biznest Internet & Software is an independent company.
However, the domain registrations involved with Biznest show chinacnit.com email addresses.
Long: LMCA
Short: JKS, CSIQ, SPWR, ZU, PCYO, EBIX (puts and common), AMT puts, TTS, YONG puts, AVID
Closed: KWG*, short NUS.TO, short BBRY, short CREE, short TLT
Today, Pretium issued a press release: Pretium Resources Inc.: Mineral Resource Estimate Adds Measured Gold Resources, Increases Grade at Valley of the Kings
Basically, Snowden is pretty much going to stick with its aggressive approach in modeling the VOK deposit.
The press release also contains some information aimed at invalidating Strathcona’s competing theory about how the resource should be modeled.
I’m attracted to cheap options and this is the main reason why I am long Potash Corporation of Saskatchewan (POT) put options. The LEAP puts are trading with implied volatility in the mid 20s. Potash pricing could collapse due to (A) a wave of excess capacity coming online and/or (B) the potash cartel breaking down. While I have no special insight into whether or not this will happen, the expected return on this trade should be positive as long as the chance of a decline is high enough.
(This is not a high conviction trade for me.)
If you can short New Zealand Alternative Market (NZAX) stocks, you should probably look into this company.
I could be completely wrong here, but Rex Energy is forced to limit production on some of its wells because the area lacks the right infrastructure.
In my opinion, the announced merger makes a lot of sense for Canada Lithium and not a lot of sense for Sirocco Mining (TSE:SIM). I’m incredibly bearish on Canada Lithium and think that its mine will be uneconomic in its first year of full commercial production. Peter Secker (Canada Lithium’s CEO) has made an incredibly smart move by merging Canada Lithium with Sirocco.
