u/NoTomorrow3069

SBFM looks kinda weird on paper

q2 sales were about $9.26m and they had roughly $13.75m cash at june 30 while the whole company is sitting around a $4.5m market cap

obviously that doesnt automatically mean its cheap lol

theyre still losing money and dilution is the obvious thing to watch. operating loss was about $1.61m though vs $2.05m last year

the actual pharma side has 60 generic prescription drugs on the market in Canada and theyve started shipping amoxicillin. dienogest also got Canadian approval with shipments expected later this year

so what exactly is the market pricing in here?

are the losses and dilution risk enough to justify the valuation or is SBFM just getting ignored because its another tiny biotech name?

First Phosphate is ringing the Nasdaq opening bell today to mark the PHOS listing but im more interested in what actually sits behind the ticker

Bégin Lamarche in Quebec is sitting at roughly 6.2mt measured 198.5mt indicated and 89.5mt inferred

its an igneous phosphate deposit and the test work points to high purity concentrate with very low impurity levels which is where the LFP angle gets interesting

phosphate gets nowhere near the attention lithium does even though its a major part of LFP cathode material

Canada has now announced roughly C$21.5m in non repayable support across the project including the recent C$4.84m for road and power infrastructure on top of the earlier C$16.7m

Bégin Lamarche also has Quebec Filon fast track support

the bell ringing is a cool milestone but im more interested in what they actually deliver from here

for anyone following small cap miners what would you want to see PHOS deliver next?

Bégin Lamarche in Quebec is sitting at roughly 6.2mt measured, 198.5mt indicated and 89.5mt inferred

the bit that stands out is the deposit itself. its igneous phosphate and the test work points to high-purity concentrate with very low impurity levels

phosphate is obviously a huge part of LFP but gets nowhere near the attention lithium does lol

Canada has now announced roughly C$21.5m in non-repayable support across the project, including the recent C$4.84m for road and power infrastructure on top of the earlier C$16.7m

Quebec has also given Bégin Lamarche Filon fast track support

so theres a bit more to look at here than just the Nasdaq ticker

anyone following PHOS or the phosphate side of LFP?

GXAI had a very different Q1 compared to last year. Revenue was around $1.81 million versus $23.7 thousand, with about $1.25 million coming from RNK Health and $563 thousand from subscriptions. As of March 31, they also had roughly $1.5 million in cash and $10.2 million in short-term investments.

The board has now authorized up to $1 million for share repurchases. The important point is it’s only an authorization, so there’s no guarantee they will actually use the full amount.

What makes me cautious is the other side of the balance sheet. They used about $2.49 million in operating cash during Q1, and shareholders will vote tomorrow on giving the board authority for a possible reverse split.

I’m not sure how to balance the buyback against the cash burn and dilution risk. I’m interested to hear how others are looking at it.

F3 has a pretty interesting setup at PLN right now. JR is already fairly defined at around 11.8m lbs U3O8 grading 4.39%, while Tetra is still the newer piece about 13km south

this summer theyre drilling around Tetra plus a few other targets across the property. around 4,000m was planned to start with

could all come back with nothing obviously, thats exploration. for me its mostly about whether Tetra starts showing some real scale or if one of the other targets turns into something worth following

some frames grab you straight away then feel dated six months later. others somehow get better once youve actually lived with them

JMM, Kuboraum, Matsuda and Maison Marcel all come at it from pretty different angles. for people who collect, what actually makes a frame stick around? the shape, materials, limited run, story behind it, or just how often you still reach for it?

brand links in my first comment since reddit wont let me add them here

small one but this caught my eye. q1 showed roughly $11.7m between cash and short term investments, and now the board has authorised up to $1m for buybacks

obviously authorised doesnt mean theyll actually use all of it, and the atm dilution is the part i dont love. still think the balance sheet makes it worth watching. anyone here been following it?

been looking at GXAI after they authorised up to $1m in buybacks. for a company this size thats a pretty meaningful amount, even if theres no guarantee they use the full thing

q1 showed about $11.7m in cash + short term investments, which is what caught my eye most. they did burn around $2.5m in operations and raised through the atm, so theres obviously risk, but the cash position still makes it interesting to me

anyone been following it longer?

seen it pop up a couple times but there aren’t many normal reviews. mainly wondering what the taste is actually like and whether it’s better mixed or on its own. was thinking of ordering a bottle but don’t wanna waste money if it’s grim lol 😂

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not trying to vent or whatever but this has been lowkey frustrating me

like ill spot a move, do some digging, and by the time im actually ready to go in the thing already ran. happened to me like 3 times in the past 6 weeks on the same kind of plays

started making some changes to how and where I get my info from a few months back and timing has been way different since then. not saying i figured it all out but its been a noticeable shift

anyone else been through this? feels like some people are just working off completely different information than what I have access to

I've been loosely following Visionary Copper and Gold for a bit and just saw a filing that made me look twice.

The Quaternary Group (Ross Jennings) went from roughly 7.75% to just over 11% ownership. That alone isn't wild, but what got my attention was that they exercised all 666,667 warrants at $1.10 instead of just sitting on them. That's not someone hedging. That's someone putting more cash directly into the company treasury while increasing their own skin in the game.

For context, Visionary is drilling at Pt. Leamington in Newfoundland right now. First modern drill campaign in like 20 years on the project. They've already got a historical resource over 20M tonnes (gold, copper, zinc, silver VMS system) and recently hit what they're calling the Kraken copper zone, which sounds like it could be outside the main deposit footprint.

I don't usually get excited about juniors but the combination of: a large holder adding more at market, warrant exercises injecting actual capital, Newfoundland jurisdiction, near-surface mineralization, and a planned drill program all stacking at the same time is at least worth paying attention to.

Not telling anyone to buy anything. Just curious if others are tracking this or have opinions on the Newfoundland VMS space generally. Where does Kraken fit into the thesis if it actually extends the system?

DYOR obviously.

honestly the drone space has moved quicker than i expected. what started as recon has turned into active strike capability in conflict zones pretty fast. the defensive side feels like it hasn't caught up yet.

counter drone systems, base protection, infrastructure security. that whole market still feels underdeveloped given where the threat actually is.

one name i've had on my radar is Draganfly (DPRO). been operating 25+ years across military, public safety, agriculture, industrial. proper background, not a company that just pivoted to defense because it's trending.

they recently got selected alongside F4 Defense International by DEVCOM Army Research Laboratory for an early development contract on a modular counter UAS platform. for a smaller company that's a decent signal.

counter UAS is basically detecting, tracking and taking down hostile drones in live environments. not going to oversell it, this is still early stage. one contract doesn't move the needle on its own. but army research lab selection hits different than the usual partnership noise you see from companies in this space.

watching whether follow on contracts come through and how they handle dilution. also curious whether a company this size can stay in the game once bigger defense names start competing seriously in counter UAS.

anyone following DPRO or the broader theme? genuine opportunity or too small to matter even if the thesis plays out

not financial advice

been keeping an eye on the drone space for a bit now and honestly the speed of change has been kind of insane. like it genuinely went from surveillance and mapping to active strike capability way faster than i think most people were expecting.

and now the defensive side of it is starting to catch up. counter drone, base protection, infrastructure. that whole area still feels way underdeveloped relative to how real the threat has gotten.

anyway the name i keep coming back to is Draganfly (NASDAQ: DPRO). company has been around 25+ years, public safety, agriculture, military, industrial inspection. not some fresh startup trying to rebrand as a defense play.

they just got selected alongside F4 Defense International by DEVCOM Army Research Laboratory for an early development contract on a modular counter UAS platform. which for a company this size is not nothing.

counter UAS is basically detect, track, identify, take down hostile drones in contested environments. platform is supposed to cover tethered airborne surveillance, AI drone tracking, real time battlefield awareness, electronic and kinetic defeat. expeditionary and fixed site capable.

i'm not trying to oversell this, it's an early contract. not some massive revenue number. but army research lab selection with a defense partner hits different than a random MOU announcement imo.

what i'm watching is follow on contracts, dilution management, and honestly whether they can hold a position in this space once the bigger primes start paying real attention to counter UAS.

anyone else on DPRO or following the counter UAS theme? curious if people think it's worth watching or just too small to move the needle even if everything plays out

not financial advice, do your own research

been watching Visionary Copper and Gold a bit more closely after the latest shareholder update.

The Quaternary Group, controlled by Ross Jennings, has apparently become a new 10.36 percent shareholder on a partially diluted basis.

That stood out to me because in junior mining, quiet position building can matter more than hype. Retail can chase headlines, but when a strategic group crosses that kind of level, i usually at least want to understand why.

From what they said, the interest seems to be around scale, grade, jurisdiction, valuation, management and a clearer path to value creation.

The timing is also pretty interesting because Visionary has been putting out exploration updates from Point Leamington in Newfoundland. They reported wide copper and gold intercepts, mineralization in every hole at the new Kraken Zone, and more drilling around the existing deposit.

obviously still early stage and still speculative. junior miners can look exciting on paper and still take forever to prove out.

but the setup is not bad.

you’ve got copper exposure, gold optionality, zinc and silver in the mix, Newfoundland as the jurisdiction, ongoing drill momentum, and now a strategic shareholder over 10 percent.

The other thing i noticed is Quaternary did not just buy once and vanish. They increased again in May at $0.72 and also hold warrants at $1.10.

Not saying this guarantees anything, but it does make me wonder if the market is still sleeping on VCG a bit while copper keeps becoming a bigger macro theme through AI infrastructure, data centres, grid buildout and electrification.

Anyone else following this one or have thoughts on Point Leamington?

been looking at junior copper names lately and Visionary Copper kept coming up so I went deeper on it.

the company controls a portfolio of Canadian copper, gold, zinc and silver assets including Pt. Leamington in Newfoundland and Pine Bay in Manitoba's Flin Flon district. Pt. Leamington is the main focus right now, a 100% owned VMS deposit with an existing mineral resource, road access and proximity to power.

what got me interested is the recent drilling. they reported a new copper rich discovery called the Kraken zone with 75.8 metres of 0.45% copper and additional intervals of 23.5 metres of 0.43% copper, plus gold, silver and zinc hits. the key detail is that the Kraken zone sits outside the existing resource and pit shell which means if follow up assays keep confirming continuity this could potentially change the scale of the project.

the company expanded its Phase 1 drill campaign to 10 holes totalling 3,556 metres with multiple holes targeting Kraken specifically. eight holes were still pending assays at the last update which gives this a near term catalyst angle worth watching.

copper macro backdrop is strong for obvious reasons. AI infrastructure, grid upgrades, electrification, reshoring. Canadian critical metals exposure with a fresh discovery on top of an existing resource is an interesting combination at this market cap.

still junior mining so high risk and assay driven. but VCG is worth having on the radar given where copper is heading.

anyone tracking the Kraken assay results or following this one?

not financial advice do your own DD.

been keeping an eye on Element One for a while and the latest news is worth discussing.

the company just announced an MOU with Twin Sisters Olivine tied to a proposed demonstration facility in Washington State. the framework covers long-term olivine feedstock supply and access to a potential plant site, with initial capacity being evaluated at around 50,000 tonnes per year scaling up to 100,000.

what makes this different from a typical single commodity story is the co-production angle. the proposed platform is being designed to evaluate natural hydrogen, Class 1 nickel concentrate, magnesium hydroxide, iron oxide and silica all from the same processing model.

the magnesium piece is worth paying attention to. there is currently no domestic U.S. magnesium supply. nickel stays tied to battery and electrification demand. both sit inside a story that is increasingly about where materials actually come from.

still early stage, needs engineering, permitting, financing and definitive agreements. not a production tomorrow situation.

but as a watchlist name EONE is sitting at the overlap of natural hydrogen, domestic critical minerals and U.S. supply chain themes. that combination is getting harder to ignore at this market cap.

anyone else been following this one or have thoughts on the Washington State site specifically?

not financial advice do your own DD.

been keeping an eye on Element One for a while and the latest news is worth discussing.

the company just announced an MOU with Twin Sisters Olivine tied to a proposed demonstration facility in Washington State. the framework covers long-term olivine feedstock supply and access to a potential plant site, with initial capacity being evaluated at around 50,000 tonnes per year scaling up to 100,000.

what makes this different from a typical single commodity story is the co-production angle. the proposed platform is being designed to evaluate natural hydrogen, Class 1 nickel concentrate, magnesium hydroxide, iron oxide and silica all from the same processing model.

the magnesium piece is worth paying attention to. there is currently no domestic U.S. magnesium supply. nickel stays tied to battery and electrification demand. both sit inside a story that is increasingly about where materials actually come from.

still early stage, needs engineering, permitting, financing and definitive agreements. not a production tomorrow situation.

but as a watchlist name EONE is sitting at the overlap of natural hydrogen, domestic critical minerals and U.S. supply chain themes. that combination is getting harder to ignore at this market cap.

anyone else been following this one or have thoughts on the Washington State site specifically?

not financial advice do your own DD.

set everything up on TxtCart a while back and the flows are running fine but half the team still defaults to blasting manual campaigns whenever there is a sale or promo. starting to think the problem is not the platform it is just habits.

anyone dealt with this and actually got their team to shift properly or is it always a battle?

switched our SMS strategy from campaigns to flows and revenue held up. anyone else done this?

cut back on manual campaign sends and let automated flows do the work for about 6 weeks. honestly expected revenue to drop but it stayed pretty consistent. using TxtCart which pushes you toward that approach anyway. wondering if anyone else has tested this or if we just got lucky with timing.