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Thursday, November 12, 2026

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Looking Back at Another Successful Thesis

DoubleU Games raised its all-cash tender offer for DoubleDown Interactive minority holders to $16.25 per ADS from $11.25 after net cash made the earlier bid untenable.

DDI $779M
The Value Road 3 clicks

From X

@StableBread

Fajasy on X

Bulls N’ Bears, an Australian investment news site, called American West Metals’ $AWMLF new exploration target at its Storm copper project in Arctic Canada a “monster maiden exploration target.” The maiden exploration target estimates 110-214Mt @ 0.59-1.02% copper outside the current resource, or 646,000t to 2.2Mt of contained copper (2.3-7.9x Storm’s 276,000t resource). An exploration target is a range of what an area could hold before there’s enough drilling to estimate a resource, and $AWMLF calls its own “conceptual in nature.” Here’s where the seven target areas sit relative to Storm’s existing deposits (in red), with Chevron ~30km south in the inset. But most of the target rests on Storm’s existing deposits used as templates, or on little to no drilling: → Deeps Zone and Central Graben (345,000-777,000t): Assumes three more deposits the size of Cyclone, Storm’s largest, one below Cyclone and two in the Central Graben, backed by 14 widely spaced holes. → SE Stratabound and SE Structural (164,000-369,000t): Sized from three existing deposits (Chinook, Lightning Ridge, and Corona) ±20%, assumed to repeat down to ~300m below surface, plus nearby ground tested by 17 broadly spaced holes. → Tornado (95,000-859,000t): Largely unexplored ground 5km east of the deposits, where the two intercepts the release lists grade just 0.12-0.14% copper. → Chevron (14,000-123,000t): ~30km south of the deposits, with no holes drilled yet. The best intercepts in the Deeps Zone and Central Graben also start more than 300m down the hole, far deeper than the open pits the pre-feasibility study (PFS) plans. Even the extensions of the existing resource (28,000-64,000t), the part of the target closest to the deposits, grade 0.53-0.80% copper, below the reserve’s 1.2%. Managing director Dave O’Neill plans to develop Storm first and fund growth from it, since an operating mine “is expected to significantly reduce the costs of exploration,” he said in the release. So I don’t attach any value to the exploration target. It shows where $AWMLF plans to drill and run geophysical surveys in 2027, but little of it would add years to the PFS mine.

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Qure Anniversary Update

UniQure’s Huntington’s disease BLA has a May 1, 2027 priority-review date, with an FDA advisory committee expected in late first quarter.

QURE $1.7B
Triple S Special Situations Investing 2 clicks

Big Short: Fidelity & Guaranty

F&G’s main insurer held $66.5 billion of assets against $1.38 billion of statutory capital, while private credit, reinsurance dependence…

FG $3.2B
Mispriced Assets 3 clicks

Top Rebound Stocks for Nov’26

Texas Pacific Land's 50% selloff reflects faded data-center expectations, while its Permian royalty business generated $498 million of 2025…

TPL $19B
Rebound Capital 2 clicks
OPRX · long

Optimizerx CORP

OptimizeRx, OPRX, trades 30% below its February 2025 writeup despite becoming a stronger company.

OPRX $169M
Value Investors Club 2 clicks

Research Roundup Vol. XLVIII

Palantir’s Q2 revenue beat, Sony’s physical-media exit and Diamondback’s Permian gas constraints frame a roundup on AI adoption, oil prices…

PLTR $415BSONY $154B
Monte Independent Investment Research 1 click

Entravision Q2 Notes

Entravision’s ATS revenue rose 230% to $182.8 million in Q2, but shares fell from above $14 to about $8 after management forecast…

EVC $920M
The Value Road 13 clicks

Lumentum Q4 FY26 Earnings

Lumentum’s CW lasers offer wider mode-hop-free operating ranges for co-packaged optics, supporting premium pricing and 80–90%…

LITE $59B
Irrational Analysis

Trading Post August 11, 2026

Molina Healthcare was increased at $198 to a full position, with political-season benefits supporting the long-term thesis.

MOH $11B
Cassandra Unchained 1 click

Sea Limited Earnings Update: A quick look

Sea Limited reported Q2 2026 revenue of $7.8 billion, up 48%, as Shopee, Monee and Garena lifted adjusted EBITDA to $917 million.

SE $45B
SixSigmaCapital: Navigating the Financial Markets

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