Institutional ticker directory tracking stock mentions, long/short ideas, and high-conviction pitches extracted from quarterly hedge fund letters.
| Ticker | Company | Sector | Industry | Pitches | Stance |
|---|---|---|---|---|---|
| Fund / Manager | Thesis Excerpt | Stance | Period / Date | Action |
|---|---|---|---|---|
Equity Management Associates Larry and David | “A developer company owning the True North mine near Rice Lake in Manitoba, Canada. EMA has added to its position as confidence in management has grown. The company has a 1.1 million ounce mineral reso” | BULL | Q3 2025 Sep 30, 2025 | View Pitch |
Equity Management Associates Larry and David | “1911 Gold owns the True North mine near Rice Lake in Manitoba, Canada. It was a past producing mine that failed when gold prices collapsed from $1,900 in 2011 to $1,050 in 2015. The company is fully permitted to re-start the mine and has a mineral resource of 1.1 million ounces that will grow with further exploration. Management expects to complete its Preliminary Economic Assessment in Q1 2026, followed by a Feasibility Study in Q4 2026, with first production targeted for Q1 2027. Estimated CAPEX is $45 million to refurbish the mill and dewater the mine. The company anticipates initial production of 45,000 ounces in year one, ramping to 180,000 ounces annually, with an ASIC around $1,400/oz. At current gold prices, this implies potential multi-bagger returns as production and cash flow scale. BSD Analysis: 1911 Gold offers high leverage to rising gold prices with a permitted brownfield asset and low restart capex. If execution aligns with plan, the project's NPV could re-rate materially upon feasibility results. Trading at a fraction of replacement value (~$160M market cap vs. $900M replacement), it's an asymmetric small-cap developer play. Risks include financing and execution, but optionality remains significant amid gold's bull cycle.” | BULL | Q3 2025 Sep 30, 2025 | View Pitch |
Each excerpt above is the manager's commentary on this ticker specifically. The full letter has the rest of their portfolio thinking, risk discussion, and broader institutional context.
