Cayucos Capital

$TAP

On a day everyone is watching Space X go to the moon, I present you… the brewer of Blue Moon!

@Crowhurst68 Management of course reiterated in the earnings release a Q2 start for Summit rather than pushing this back. I think once it’s up and running there will be a rerating higher.

@Crowhurst68 The only somewhat plausible explanation I can come up with is that the mkt is skeptical of management’s ability to get Summit up and running in the near term. Start up at Galaxy was delayed by several years (in a very different gold price environment and balance sheet situation).

$GGGOF is one of the few gold stocks where the valuation disconnect is glaring. At roughly a $120 million enterprise value, investors appear to be paying for the producing Galaxy mine in South Africa and getting Summit in New Mexico for free. Galaxy just delivered record revenue, record earnings, and substantial operating cash flow while the company eliminated all debt. Meanwhile, Summit is approaching a restart, adds meaningful silver exposure and U.S. jurisdiction, and a spin-off now appears increasingly likely. If Summit were a standalone U.S. precious metals company with a permitted mine, existing infrastructure, and a clear path to production, would it really be worth zero? What am I missing - I genuinely want to know... @IntelligentCM @Valuehunte @realmoshefogel @iancassel @CayucosCapital @Darpresearch @uboat159

Bag Holder Alert - “Passive S&P 500 funds could have to buy roughly 19% of public SpaceX shares within 6mo under fast-tracking framework (it would enter the index at the est 6th spot), Russell 1000 and Nasdaq 100 may buy another 5.5% within weeks of the IPO. Thrown in active MFs benchmarked to those indices and you get to HALF of SpaceX shares”. Via @rduboff

India has banned exports of raw, white, and refined sugar with immediate effect from May 13, 2026, until September 30, 2026. The main purpose is to protect domestic sugar supply and control rising local prices, given lower production forecasts and high demand for ethanol.

Per management today, the company has successfully re-registered its IOL product in China and expects to participate in the next public hospital tender in June/July.

🇧🇷 Brazil plans to raise the ethanol blend in gasoline to 32% (from 30%), while also targeting an increase in biodiesel mix to 16%, reinforcing its biofuel strategy ⚡🌱 The move aims to boost energy self-sufficiency and reduce reliance on fossil fuels, supporting domestic production and pricing stability for Petrobras $PETR3 👉 Higher biofuel blends position Brazil as a global leader in renewable energy integration, with potential impacts on fuel markets and agriculture 🌍 #Energy #Biofuels #Brazil

Please see my latest piece, a deep dive into the world of eye surgeries and Carl Zeiss Meditec

American EV sales market share has stabilized at just 4% as subsidies have been removed and the free market has made its decision! At these rates, gasoline substitution would amount to only ~10,000 bbls/d every year on a fleet consuming 9,000,000 bbls/d = negligible impact. 🛢💰

lol who did this.

@InvestorLensCA @PaulAndreola 🤣

@CayucosCapital @PaulAndreola Only @PaulAndreola can answer

What's a profitable and growing Canadian microcap I should be looking at?

@InvestorLensCA @PaulAndreola Who is the CEO of NameSilo?

@CayucosCapital @PaulAndreola Now he knows!

@InvestorLensCA @PaulAndreola Yeah, Paul probably hasn’t heard of that one!

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Added 71 new stock write-ups to the site (pt final): @Atrium_Research - $IFA.TO @TokyoDeepValue - $9993.T, $5199.T @CayucosCapital - $CSAN @SunvMikey - $UMAC @Govro12 - $CELH (update) @granaresearch - $MC.PA (overview) and more...

@ClarkSquareCap Great work from Clarke Square, very helpful for idea generation!

Excited to share that the Special Situations Digest has moved to a new home. If you want a free month of paid access (Pro), just do the following: retweet this, drop a comment below, and send me a DM with your email, and I will give you complimentary access.