Below 2x FCF, a Merger to Double Production, and the Market Still Isn’t Paying Attention” Two weeks ago I wrote that ShaMaran had delivered its catalyst. Baghdad had started paying the top-ups for export sales at full international prices, and the share price had not caught up. Since then, ShaMaran has announced two deals thatContinue reading “ShaMaran: The Catalyst Arrived, Then the Company Doubled Down”
My Update on ShaMaran Petroleum + 120% Upside
The Catalyst Arrived Last Week; the Re-Rating Hasn’t. Under 3x Normalized FCF After the Hard Part Is Done – Full Oil Prices, Top-Up Payments Started, Share Price Still Asleep ShaMaran: The Catalyst Has Arrived, the Re-Rating Hasn’t. Up to 120% Upside ShaMaran Petroleum has just delivered the catalyst I wrote about a year ago. OnContinue reading “My Update on ShaMaran Petroleum + 120% Upside”
Allied Gold: The Sell-Off After Zijin Walked Away Is Overdone
Allied Gold (AAUC) is Africa’s fastest-growing gold producer. The takeover that was supposed to close this year collapsed in July, the stock fell roughly 45% from the bid price, and what’s left is a business generating serious cash at a valuation that doesn’t reflect it. The production ramp is the story: 2025: 379 koz 2026Continue reading “Allied Gold: The Sell-Off After Zijin Walked Away Is Overdone”
Guardian Metal Resources – Stan Druckenmiller´s MP Materials Playbook Tungsten Play
GMET LN (AIM) | GMTL (NYSE American) The Tungsten Play That Could Follow the MP Materials Playbook Metric Value Current Price ~GBp 258 (London) | ~$13.50 ADS (NYSE American) Market Cap ~£508m / ~$670m Rating **BULLISH Second-Largest Shareholder **Stanley Druckenmiller Government Status The only tungsten company in the world with US DPA Title III fundingContinue reading “Guardian Metal Resources – Stan Druckenmiller´s MP Materials Playbook Tungsten Play”
Anterix: America’s Hidden Spectrum Monopoly: The $7 Billion Asset Trading at an 89% Discount
A Note on Track Record Over the past two years, I have published two investment ideas here that have generated returns exceeding 500% for readers who acted on them. I am sharing Anterix today because I believe this idea has similar potential — a structurally irreplaceable asset trading at a fraction of its demonstrable valueContinue reading “Anterix: America’s Hidden Spectrum Monopoly: The $7 Billion Asset Trading at an 89% Discount”
R&S Group Leading Transformer Producer – Cash flow and deleveraging stand out
R+S Group ($RSGN), the European leader in electricity transformers, reported strong numbers. The thesis is playing well, rerating in progress. Still a long way to go 24 CHF today vs 40 CHF in September, when it was valued in line with its peers. Congratulations to those who bought at 17 CHF with us. Overall, theContinue reading “R&S Group Leading Transformer Producer – Cash flow and deleveraging stand out”
R&S Group: Europe’s Transformer Leader at a Deep Discount
Why We Like R&S R&S Group Holding AG (SWX: RSGN) is a rare beast in Europe’s energy transition. It designs and builds medium- and high-voltage transformers. Its footprint spans Switzerland, Poland, Croatia, Ireland, and Finland. It serves utilities, industrial clients, and renewable developers. The company is sitting on a huge structural tailwind. Europe’s grids areContinue reading “R&S Group: Europe’s Transformer Leader at a Deep Discount”
Nobody Kills Drones like EOS – Minutes From the CEO Call
EOS is the most accurate in killing drones with bullets and lasers. We have never lost any competitive trial for drone killing. We have not lost to Americans, Israelis, or anyone. In a recent competition in Israel, we were the only ones to shoot down 100% of the drones. Andreas Schwer, CEO of EOS PleaseContinue reading “Nobody Kills Drones like EOS – Minutes From the CEO Call”
Nobody Kills Drones like EOS – with bullet and laser!
EOS has the most accurate weapon for killing drones. They have the most precise weapon that kills Russian drones in Ukraine. The stock sold off 48% from its recent all-time high, together with similar defence stocks. EOS is our top idea for the following year. Our base case is that the stock should triple overContinue reading “Nobody Kills Drones like EOS – with bullet and laser!”
ShaMaran Petroleum – Deal Misunderstood – Material Upside Potential
Summary: ShaMaran Petroleum (SNM.ST, SNM.CA) is poised for significant upside following the reopening of the Iraq-Turkey pipeline and the new export agreement. SNM’s netbacks are set to nearly double in 2026, with free cash flow expected to exceed $200 million, enabling debt repayment and potential dividends or buybacks. With a rerating to 6x FCF, SNMContinue reading “ShaMaran Petroleum – Deal Misunderstood – Material Upside Potential”
