Thursday, November 25, 2010

Lithium Plays: PineTree Capital: Lomiko investor Inwentash buys two million shares lmr.v, tnr.v, laq.v, asm.v, rm.v, alk.ax, sgc.v, fvi.to, gbn.v, grc.to, cuu.v, czx.v, clq.v, wlc.v, li.v, sqm, fmc, ree, avl.to, quc.v

  

  PineTree Capital and its founder and CEO Sheldon Inwentash are very well known players among junior mining companies in Canada. The company was one of the first to invest in Lithium and REE sector. 
  Lomiko Metals has its own troubles after JOGMEC canceled its engagement in company's project in Nevada and later that project was drop all together by the company. This announcement shows that, maybe, there is some juice and ideas left in the Lomiko Metals with its lithium properties in Chile,  Vines Lake Gold project in B.C., Rose and Cunningham Lake Soda ash Property and new investment in Mobile Power Corp. new technologies.
  Endorsement from Sheldon Inwentash will make us to run our DD on this company one more time. 

  PineTree Capital also holds among other investments 5.5 million shares stake in TNR Gold in its portfolio according to its website.




"What is the common sense in the so different investment situations: when Erick Sprott  buys into Avino Silver, Silver Wheaton buys into Revett Minerals, Lukas Lundin buys into NGeX Resources and invest more to keep its stake in Sunridge Gold, Panasonic buys into Tesla, Tongling buys into Canada Zinc Metals and Nova Gold sells 50% of 1 mil NON 43-101 historical resource of gold at Shotgun for shares of TNR Gold and significantly increase its position in that company? All these situations are common only in one, but very powerful in investment world thing: industry and/or company insiders are buying in. Can they be mistaken - yes, by all means - but we like to follow the "smart" money.




"Pinetree Capital Ltd. was born out of the ingenuity of Sheldon Inwentash, its Founder and current Chairman and CEO. The Company started in 1992 as a public shell that was formed to invest in technology companies. Pinetree raised initial funds of $2 million for its first venture capital investment.

Using proceeds from successful early investments, Pinetree built a portfolio of early stage technology companies through the mid-to-late 1990’s. Typically taking a 20% to 40% interest in each company, Pinetree acted as an incubator to these early stage technology start-ups. Pinetree’s investment philosophy during the dot-com era was to select companies with solid business plans and novel and valuable intellectual property. As a result, Pinetree was exposed to, but survived when the technology bubble burst in 2000-2001.

Anticipating that global growth would lead to an unprecedented demand for energy and resources, Pinetree switched its focus from technology and biotechnology to the resource sector in 2002.

Today, Pinetree’s strategy is to identify companies with good potential properties and reserves and invest heavily in advance of the projects being developed. Due to numerous global economic and political factors, Pinetree expects the prices of resource and energy-related commodities to remain elevated in the future.

With a finger on the pulse of the market and a proven track record of anticipating trends, Pinetree consistently invests ahead of the cycle."





Stockwatch:



"Lomiko investor Inwentash buys two million shares


2010-11-22 14:02 ET - News Release


Mr. Sheldon Inwentash reports

INWENTASH ACQUIRES SECURITIES OF LOMIKO METALS INC.

On Nov. 16, 2010, Sheldon Inwentash acquired ownership of two million common shares and one million common share purchase warrants of Lomiko Metals Inc.

Each warrant entitles the holder thereof to acquire one additional common share at a price of 10 cents until Nov. 2, 2011. In the event that the warrants are fully exercised, these holdings represent approximately 6.7 per cent of the total issued and outstanding common shares of Lomiko as of Nov. 16, 2010, calculated on a partially diluted basis, assuming the exercise of the warrants.

As a result of this transaction, Mr. Inwentash and his joint actors collectively held, as at Nov. 16, 2010, a total of 7,299,666 common shares of Lomiko, including the common shares and rights to acquire an additional 3,083,332 common shares of Lomiko upon the exercise of convertible securities, including the warrants. Of these totals, Mr. Inwentash owns 3.92 million common shares, including the common shares and the warrants directly. In the event that the convertible securities are fully exercised, the holdings of Mr. Inwentash and his joint actors represents a total of 10,382,998 common shares of Lomiko, or approximately 22.0 per cent of all issued and outstanding common shares as at Nov. 16, 2010, calculated on a partially diluted basis, assuming the exercise of the convertible securities only. In the event that the warrants are fully exercised, the direct holdings of Mr. Inwentash represents a total of 4.92 million common shares of Lomiko, or approximately 10.9 per cent of all issued and outstanding common shares as at Nov. 16, 2010, calculated on a partially diluted basis, assuming the exercise of the warrants only.

These transactions were made for investment purposes and Mr. Inwentash and each of its joint actors could increase or decrease their respective investments in Lomiko depending on market conditions or any other relevant factor."
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