how to buy viagra online safely
Popular AIM stocks Sirius Minerals (LSE: SXX) and CloudTag (LSE: CTAG) have both announced financing deals this month. But with theirshares currently trading well below previous highs, is now the time for canny investors to buy a slice of these two businesses?
Sirius on track
Sirius is set to begin construction of its North Yorkshire potash mine having announced comprehensive funding for Stage 1 of its two-stage funding requirement.
Back in the summer, at a share price of 26.5p and market cap of 611m, I reckoned the equity component of the funding would be around 400m, giving a prospective market cap of just over 1bn. I rated the stock a speculative buy based on the 1bn valuation andprojected annual revenues of $3bn (2.4bn).
The equity component has turned out to be 370m via a placing and open offer at 20p. But theres also a future $50m share issue at 20p (part of a $300m royalty financing dealwith Australian mining magnate Gina Rinehart) and a $400m convertible bond issue with a conversion price of 25p.
Taking all this into account, https://viagranoprescription-buy.com/ the prospective diluted market cap is about 1.2bn at acurrent share price of 21p. So, the funding has been somewhat more generous to the new investors than I envisaged. However, risk has reducedthrough securing theStage 1 funding, Stage 2 is expected to be viasenior debtand a valuation of 0.5 times projected https://discountpharmacy-rxstore.com/ annual revenuesoffers someprotection against any unexpected further equity dilution before first production in 2021. As such, I continue to believe the stock is an attractive buy.
CloudTag off track
Wearable technology firm CloudTag (LSE: CTAG) started 2016 with a bang, announcingthe launch of buycialischeap-storein.com its first product (a fitness tracker) and a commercial contract with distributor Second Chance that would guarantee minimum sales of $5.2m by year-end.
In early June, CloudTag saidSecond Chance is now concluding initial product delivery requirements with 11 retailers unnamed but in most cases readily identifiable: for example, the largest employee-owned UK department store (John Lewis) and Europes largest retailer for consumer electronics, with over 700 Stores in 14 countries (Media Markt).
On 7 November, CloudTag announced that no firm purchase orders have as yet been received from Second Chance or otherwise and that the minimum $5.2m of orders by year-end is now unlikely to be achieved.
In the same announcement, CloudTagsaidit intendedto raise 4m by issuing convertible notes to an overseas Institutional Investor.In contrast to Siriuss conventional convertibles issue in which conversion is based on a fixed price CloudTags is based on a fluctuating market price. Indeed, CloudTags deal has several hallmarks of what, in the words of the US Securities &Exchange Commission, have colloquially been called floorless, toxic, death spiral, and ratchet convertibles. Such deals are rarely good news for shareholders.
At a price of 11.2p in early trading todayand with 379,295,962 shares in issue, CloudTag has a market cap of 42m. The company isnt short of enthusiastic supportersbut for me this is a stock to avoid due to:
- The guaranteed sales that werent in truthguaranteed.
- The lack of a single firm order more than 10 months after commercial viagra from canada legitimate msnbc launch and five months after Second Chance was now concluding initial orderswith multiple major retailers.
- The low-grade financing deal.
A top small-cap stock
Many ‘story stocks’ end up costing their supporters dearly. However, profitable smaller companies with an unappreciated catalyst for growth can be highly lucrative for investors who spot the opportunity.
With this in mind, the Motley Fool’s analysts have unearthed what they believe is a grossly mis-priced smaller company. The company in question is in an industry where small margin improvements can lead to a huge increase in profits. And our experts see compelling reasons why this particular business could be set to deliver just that.
You can read their exclusive research on this under-the-radar opportunity in a FREE, without obligation report called 1 Top Small-Cap Stock From The Motley Fool. Simply CLICK HERE for your copy.
G A Chester has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.
