Investors following Timberline Resources Corp (OTCMKTS:TLRS) might be interested to know that Crescat Portfolio Management LLC, a significant shareholder, has recently increased its stake in the company. On December 28, 2023, Crescat Portfolio Management made a series of purchases totaling $100,000 worth of Timberline Resources' common stock at a unit price of $0.04.
The transactions involved the acquisition of various amounts of shares across different funds managed by Crescat. Notably, the largest single purchase was for 1,575,000 shares, after which Crescat Precious Metals Master Fund Ltd. held a total of 10,795,811 shares. Other notable purchases included 710,000 shares, leading Crescat Global Macro Master Fund Ltd. to own 13,074,725 shares, and a 137,500-share acquisition, bringing Crescat Long/Short Master Fund Ltd.'s total to 1,832,846 shares.
In addition to the common stock, Crescat Portfolio Management also acquired warrants exercisable for additional shares of Timberline Resources. The warrants, with an exercise price of $0.06, represented another $150,000 investment. These warrants come with the right to purchase shares at a predetermined price before the expiration date in 2027.
The recent transactions by Crescat Portfolio Management reflect its continued confidence in Timberline Resources Corp, a company engaged in the exploration and development of gold and silver ores. As of the reporting date, Crescat has reinforced its position as a ten-percent owner of the company, holding a substantial amount of both common stock and warrants.
For investors and market watchers, these purchases provide insight into Crescat's investment strategy and its bullish stance on Timberline Resources' prospects.
InvestingPro Insights
Amidst the recent investments by Crescat Portfolio Management in Timberline Resources Corp (OTCMKTS:TLRS), investors may find it valuable to consider the financial health and market performance of the company. According to InvestingPro data, Timberline Resources currently has a market capitalization of $7.85 million USD, which reflects the company's size in the financial markets. Despite this modest valuation, the company's P/E ratio stands at -4.59, which is further adjusted to -4.96 over the last twelve months as of Q1 2024, indicating that the company is not currently profitable.
InvestingPro Tips reveal that Timberline Resources holds more cash than debt on its balance sheet, which is a positive sign for financial stability. However, the company is quickly burning through cash and has weak gross profit margins. This could be a concern for investors looking for sustainable financial performance. Additionally, the stock has been quite volatile, with price movements reflecting significant uncertainty. Over the last six months, the stock has experienced an 11.11% price total return decline, and year-to-date, the return has plummeted by 21.57%, as of the 75th day of 2024.
For potential investors and current shareholders, these insights could be critical in assessing the risk and opportunity associated with Timberline Resources. For a deeper analysis and more InvestingPro Tips, such as the company's liquid assets in relation to short-term obligations and its performance over the last decade, visit https://www.investing.com/pro/TLRS. There are 7 additional InvestingPro Tips available, offering a comprehensive look at Timberline Resources' financials and market position. Interested parties can also take advantage of a special offer by using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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