Offshore
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Fiscal.ai
RocketLab just reported its highest gross profit per launch ever.
Revenue per Launch: $10.1 million
Cost per Launch: $5.9 million
Gross Profit per Launch: $4.2 million
$RKLB: +8.1% after hours https://t.co/tc6r30XPd5
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RocketLab just reported its highest gross profit per launch ever.
Revenue per Launch: $10.1 million
Cost per Launch: $5.9 million
Gross Profit per Launch: $4.2 million
$RKLB: +8.1% after hours https://t.co/tc6r30XPd5
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Offshore
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Clark Square Capital
RT @TenvaCapital: Challenger Gold ( $CEL.AX ) is on the cusp of a critical transition from a dual-asset explorer to a de-risked, fully funded, near-term gold producer.
From January 2026, the company will commence production via the Toll Milling of 3% of its high-grade Hualilan flagship asset in San Juan, Argentina.
At US$4000/oz gold, Challenger should generate ~75% of today’s market cap alone in Free Cash Flows over the next 3 years.
Critically, this will enable a large bulk of the financing for the remaining 97% standalone Hualilan project which I believe the market is ascribing very little if any value to today.
Moreover, the market seems to be completely ignoring Challenger’s active engagement in monetizing its’ Ecuador assets.
These represent a massive, yet-to-be-realized source of value backed by CMOC’s recent takeover of Lumina Gold’s adjacent Cangrejos project – with look through valuation that implies AU$170M – 54% of today’s market cap - for CEL’s attributable resources.
Despite being on the cusp of production from January 2026, Challenger today trades at a meagre 2.6x NTM EV/EBITDA, assuming US$4000/oz gold.
At US$3000/oz gold, Challenger is still far too cheap at 4.2x NTM EV/EBITDA.
Upon the commencement of robust Free Cash Flow generation from January 2026, I believe the market will rapidly wake up to the Challenger Gold story with the stock quickly re-rating to at least 0.4x P/NPV, implying 46% near-term upside from the last traded price of $0.13.
Link below.
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RT @TenvaCapital: Challenger Gold ( $CEL.AX ) is on the cusp of a critical transition from a dual-asset explorer to a de-risked, fully funded, near-term gold producer.
From January 2026, the company will commence production via the Toll Milling of 3% of its high-grade Hualilan flagship asset in San Juan, Argentina.
At US$4000/oz gold, Challenger should generate ~75% of today’s market cap alone in Free Cash Flows over the next 3 years.
Critically, this will enable a large bulk of the financing for the remaining 97% standalone Hualilan project which I believe the market is ascribing very little if any value to today.
Moreover, the market seems to be completely ignoring Challenger’s active engagement in monetizing its’ Ecuador assets.
These represent a massive, yet-to-be-realized source of value backed by CMOC’s recent takeover of Lumina Gold’s adjacent Cangrejos project – with look through valuation that implies AU$170M – 54% of today’s market cap - for CEL’s attributable resources.
Despite being on the cusp of production from January 2026, Challenger today trades at a meagre 2.6x NTM EV/EBITDA, assuming US$4000/oz gold.
At US$3000/oz gold, Challenger is still far too cheap at 4.2x NTM EV/EBITDA.
Upon the commencement of robust Free Cash Flow generation from January 2026, I believe the market will rapidly wake up to the Challenger Gold story with the stock quickly re-rating to at least 0.4x P/NPV, implying 46% near-term upside from the last traded price of $0.13.
Link below.
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Offshore
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Quiver Quantitative
BREAKING: Representative Jonathan Jackson just filed new stock trades.
He bought up to $50K of Robinhood stock, $HOOD.
Jackson sits on the House Subcommittee on Digital Assets.
Full trade list up on Quiver. https://t.co/zTtAbOANLK
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BREAKING: Representative Jonathan Jackson just filed new stock trades.
He bought up to $50K of Robinhood stock, $HOOD.
Jackson sits on the House Subcommittee on Digital Assets.
Full trade list up on Quiver. https://t.co/zTtAbOANLK
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Offshore
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Clark Square Capital
Great thread on Vera Bradley -- $VRA
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Great thread on Vera Bradley -- $VRA
Ok, hear me out – Vera Bradley $VRA revenue is up in October YoY with 8 fewer full-price stores. Here I will quickly summarize why I think it's worth at least 2x from here:
- Vera Bradley is an easy fix after terrible re-brand by Jackie Ardrey that alienated its loyal customer base and did not attract any new customers as product was lacking its DNA
- Jackie Ardrey is out and Ian Bickley is a new interim CEO (spent most of his career at Coach, sits on the BoD of Coach)
- Ian Bickley did something very right – he went to TikTok and actually LISTENED to what loyal customers were saying. He brought back 100 handbag in new colors and sent the product to some VB ambassadors (VB queen emma liz, itsliddystyle and some others). As a result 3 out of 6 styles were sold out (were added since then and only Mistletoe Lattice is out of stock now)
- Collab with Anthropologie was also a success – Lattice Patchwork Mistletoe (TBH the only one that looks great) duffel bag and hathaway tote were sold out, duffel bag was added once but sold out again. Another style that is really trending is Star Patchwork – duffel, 100 bag, zip tote, hathaway tote. The point here is the product finally is right and it is with VB heritage
- Real estate sale leaseback – great work @ClarkSquareCap that found out that company is putting its industrial property in Roanoke, IN to the market for $29.5 mil ( $VRA market cap is $65 mil)
- Looks like company is in process of quickly liquidating its old inventory (around $100 mil as of last report) to have some working caital for the new products – outlet quality items are now in Costco, Marshalls and TJX
- Company has no debt
- Website traffic is also positive YoY tweet