Thursday, November 12, 2026

Quick note on LSAK and GRPN

Lesaka expects its Bank Zero acquisition to close by end-January 2027, though it could still close this calendar year.

LSAK $305MGRPN $500M

Mispriced Assets 19h ago 5 clicks

22h ago CCOI $227M

A Call with Cogent ($CCOI) CEO Dave Schaeffer: Data Centers, the $700M Refi and Life After T-Mobile

Calvin Blissett 3 clicks

23h ago YB $499M

I Called the YB CFO. Here’s What I Learned.

Calvin Blissett 3 clicks

From X

@mavix_leon 18m ago

mavix on X

Leatt $LEAT Q3 '26 results: ▫️Revenues +43% *Distributors +52% *Dealer direct +24% *Consumer direct +25% ▫️Gross Profit +48% ▫️Net income +309% ▫️Cash of $15.5m "Participation remains strong, and demand for our expanding line of products continues to grow."

@stockgutter 1h ago

SG on X

$PSFE will be taken to the woodshed today. Only question is how much has been priced in by the recent decline?

@stockgutter 1h ago

SG on X

$NTWK NetSol, a maker of software for car dealerships, reported today. Expectations are high after the stock's rise over the last 3 months. The report looks mixed to me: ok on top and bottom lines, but cash outflow needs to be watched. I'm long.

@InvestSpecial 3h ago

Dalius - Special Sits on X

$DH has rallied further in recent days, now up ~30% since the SSI write-up. A bump still looks likely, but with the stock 25% above the original bid, the R/R has changed considerably. No news or rumors that I could find. Taking chips off the table. Full pitch on SSI👇

@AsifSuria 10h ago

Asif Suria on X

Maybe Jensen will mount a comeback the way @vishal_better did with $BETR It would be surprising if the board decides to oust him from $NVDA. What would this mean for the greater AI bubble with all the circular financing and such.

@DeepSailCapital 10h ago

Deep Sail Capital on X

$SHLS & $ARRY Merger / Short Report Review

@StableBread 13h ago

Fajasy on X

The full update covers how much of Storm’s build $AWMLF now has to fund itself:

@StableBread 13h ago

Fajasy on X

At the US$5.30/lb copper base case in American West Metals’ $AWMLF new pre-feasibility study (PFS) for its Storm copper project, the post-tax NPV (discounted at 7%) is US$119M, with a 32.8% IRR and a 3.6-year payback. The PEA (Storm’s first-pass study) showed US$149M at an 8% discount rate and a 46% IRR, on US$4.60/lb copper. So the PFS uses a higher copper price and a lower discount rate, and still values Storm lower. The PFS’s own sensitivity table shows ~US$110M at the PEA’s 8% rate, and post-tax FCF over the mine life fell to US$179M from US$191M, even though revenue rose to US$1.25B from US$839M. Extending the sensitivity table, each 10% drop in copper takes ~US$52M off the NPV. So at the PEA’s US$4.60/lb, 13.2% below the PFS’s price, Storm would be worth ~US$51M at 7% (US$118.9M − 1.32 × US$51.6M), about a third of the PEA’s US$149M. In other words, the higher copper price, not the mine plan, holds up the PFS’s NPV. The PFS also runs a spot case at US$6.53/lb copper (as of November 2), where the NPV rises to US$233M, with a 55.1% IRR and a 2.7-year payback. A 10% move in copper shifts the NPV by US$50-52M, and a 10% change in recovery by US$46-48M, against ~US$4M for a 10% change in capex. So the capex increase matters less to the value than to the funding. At ~US$52M per 10% move in copper, the NPV would reach zero near US$4.10/lb, ~36% below the November 9 price. At US$4.75/lb, the average London Metal Exchange (LME) price since January 2024 (per the PFS), the NPV would be ~US$65M. Copper is also near the top of its range, as the PFS’s US$6.53/lb spot price is just 3.1% below the US$6.74/lb LME high since January 2024. So I value Storm on the PFS’s US$5.30/lb base case rather than spot, since first copper is still at least three years away.