Less than one year ago on August 30th, NIA announced Coral Gold (TSXV: CLH) at $0.39 per share as its confidence rating of 100 gold royalty stock suggestion! Click here to see NIA's initial CLH alert! CLH immediately gained by 30.77% from NIA's suggestion price to a September 13th closing price of $0.51 per share during a down market for gold stocks with the Junior Gold Miners ETF (GDXJ) declining by 11.67% between August 30th and September 13th!
CLH was the #3 best performing gold stock (with a market cap of CAD$20 million or higher) during this two week time period! Click here to see for yourself!
During the past year, NIA has sent out a total of 27 alerts about CLH. The only stocks that we have sent more alerts about have been Ely Gold Royalties (TSXV: ELY) and Benton Resources (TSXV: BEX), which gained at their highs by 596.67% and 436.36%, respectively from our initial suggestion prices!
It was just announced this morning that Nomad Royalty Company (TSX: NSR) is acquiring CLH in a deal that values the company at USD$45.8 million. NSR is paying CLH shareholders $0.05 per share in cash plus 0.8 NSR shares for each share of CLH. In addition, CLH shareholders will receive a warrant to purchase an additional one-half share of NSR at a price of $1.71 per share for each share of CLH. These warrants will last for two years and have an estimated value of $0.06 per CLH share.
NSR closed last week at $1.37 per share. The deal values CLH at $1.21 per share for a 45% premium above its Friday closing price of $0.83 per share!
On September 4th with CLH at $0.455 per share, NIA sent out an alert saying, "we believe the true value of CLH's royalty right now to be USD$20-$30 million! To reach an enterprise value of USD$20-$30 million or CAD$26.51-$39.77 million, CLH will need to rise to $0.94-$1.22 per share!"
NIA's prediction came true! CLH is being acquired within the exact price range that NIA predicted the company was worth! Click here to see NIA's September 4th alert!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from ELY of USD$30,000 cash for a six-month marketing contract which has since expired. This message is meant for informational and educational purposes only and does not provide investment advice.