Currently, my Top 5 holdings make up ~70% of my combined portfolio:...
Juan Pablo Montero@jpmontero88
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Aug 03, 2025
~4 min read
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1
Currently, my Top 5 holdings make up ~70% of my combined portfolio:
1️⃣ $ROOF.V $ROOOF ~25%
2️⃣ $MIND ~16%
3️⃣ $AL2SI.PA #AL2SI ~10%
4️⃣ $NCI.V ~10%
5️⃣ $ZOMD.V ~8%
Each of these names, IMO, is in a very solid position, both fundamentally and technically, and could be just 1 or 2 press releases away from triggering a nice, steady rally.
Let’s break it down, case by case, and I’ll share why I currently feel so strongly about each one.
🚨This is not financial advice!
🧵 1/6
1️⃣ $ROOF.V $ROOOF ~25%
2️⃣ $MIND ~16%
3️⃣ $AL2SI.PA #AL2SI ~10%
4️⃣ $NCI.V ~10%
5️⃣ $ZOMD.V ~8%
Each of these names, IMO, is in a very solid position, both fundamentally and technically, and could be just 1 or 2 press releases away from triggering a nice, steady rally.
Let’s break it down, case by case, and I’ll share why I currently feel so strongly about each one.
🚨This is not financial advice!
🧵 1/6
2
$ROOF.V $ROOOF
The company has recently completed the commissioning of its first-ever commercial facility in Calgary and has now started operations, with high-quality liquid asphalt already being produced. This is a major milestone that significantly de-risks the business. The market seems it hasn’t yet reacted to it.
✒️ Full thesis breakdown here 👇
Technical View
IMO, if it holds around C$0.33 finding support at the 200-day SMA and the 0.382 Fib retracement, we could be setting up for wave 5, with a potential price target of C$0.62 (+90%)!
🎯 Key Potential Catalysts Ahead:
-> Ramping up to 80 tpd and unlocking the 3rd ERA milestone payment
-> Updates on Delta retrofit as second commercial unit
-> Progress on Hamilton facility
-> Announcement of the first U.S. site
-> Filing of a new international patent
-> New agreements with suppliers or customers
🧵 2/6
The company has recently completed the commissioning of its first-ever commercial facility in Calgary and has now started operations, with high-quality liquid asphalt already being produced. This is a major milestone that significantly de-risks the business. The market seems it hasn’t yet reacted to it.
✒️ Full thesis breakdown here 👇
Technical View
IMO, if it holds around C$0.33 finding support at the 200-day SMA and the 0.382 Fib retracement, we could be setting up for wave 5, with a potential price target of C$0.62 (+90%)!
🎯 Key Potential Catalysts Ahead:
-> Ramping up to 80 tpd and unlocking the 3rd ERA milestone payment
-> Updates on Delta retrofit as second commercial unit
-> Progress on Hamilton facility
-> Announcement of the first U.S. site
-> Filing of a new international patent
-> New agreements with suppliers or customers
🧵 2/6
Juan Pablo Montero@jpmontero88
📌 $ROOF.V $ROOOF additional Insights to my all-in-one Investment Thesis
🦅COMPETITION
Currently there is no real competition, most asphalt shingle recycling today is just mechanical grinding.
Northstar is the first to fully separate components (bitumen, aggregate, fibres) using a patented thermo-chemical process. The closest potential competitor is $SKYQ (Sky Quarry), using solvents, but they haven’t built a pilot plant yet. IMO commercial output would not be before 4–5 years away (if they get there), by which time Northstar should be well ahead in scale and market position.
Also, if Northstar achieves its target of 15 plants by 2030, each processing ~40,000 tonnes/year, it would still recycle only about ~3,5% of the 16,5M tonnes of asphalt shingles discarded annually in North America. That means ~96,5% of the market remains untapped, highlighting the massive runway for growth and how early Northstar still is in capturing this circular economy opportunity.
💵 UNIT ECONOMICS
As I shared earlier, the company estimates C$9.7M–C$19.4M in annual revenue per plant, depending on number of shifts and assuming 150 tons/day processing.
They’ve stated C$232 in revenue per ton processed, which breaks down as follows:
✅Output (64%) ~ C$148
---> Asphalt (95%) C$141
---> Aggregate & Fiber C$7
They estimate 250kg of liquid asphalt per ton, implying a C$0,56/kg selling price. That’s conservative in my view — given that current US market prices range between US$0,55–0,65/kg (C$0,75–C$0,89):
businessanalytiq.com/procurementana…
✅ Tipping Fees (36%) ~ C$84
Again, conservative. For reference:
---> Calgary tipping fees: C$113/ton
---> Vancouver: C$150/ton
northstarcleantech.com/market-overview
🦅COMPETITION
Currently there is no real competition, most asphalt shingle recycling today is just mechanical grinding.
Northstar is the first to fully separate components (bitumen, aggregate, fibres) using a patented thermo-chemical process. The closest potential competitor is $SKYQ (Sky Quarry), using solvents, but they haven’t built a pilot plant yet. IMO commercial output would not be before 4–5 years away (if they get there), by which time Northstar should be well ahead in scale and market position.
Also, if Northstar achieves its target of 15 plants by 2030, each processing ~40,000 tonnes/year, it would still recycle only about ~3,5% of the 16,5M tonnes of asphalt shingles discarded annually in North America. That means ~96,5% of the market remains untapped, highlighting the massive runway for growth and how early Northstar still is in capturing this circular economy opportunity.
💵 UNIT ECONOMICS
As I shared earlier, the company estimates C$9.7M–C$19.4M in annual revenue per plant, depending on number of shifts and assuming 150 tons/day processing.
They’ve stated C$232 in revenue per ton processed, which breaks down as follows:
✅Output (64%) ~ C$148
---> Asphalt (95%) C$141
---> Aggregate & Fiber C$7
They estimate 250kg of liquid asphalt per ton, implying a C$0,56/kg selling price. That’s conservative in my view — given that current US market prices range between US$0,55–0,65/kg (C$0,75–C$0,89):
businessanalytiq.com/procurementana…
✅ Tipping Fees (36%) ~ C$84
Again, conservative. For reference:
---> Calgary tipping fees: C$113/ton
---> Vancouver: C$150/ton
northstarcleantech.com/market-overview
3
$MIND
In Q1, revenue dropped 47% QoQ to $7.9M… but here’s the catch: ~$5.5M in shipments were delayed, not canceled. These orders are expected to be delivered in Q2, potentially setting up a strong rebound. Add to that the hidden NOL asset worth ~$2–$3/share if they manage to unlock it… this remains a very asymmetrical setup.
✒️ Full thesis breakdown here 👇
Technical View
Wave 2 seems to have completed around the 0.618 Fib retracement, right at the confluence of the 50- and 150-day SMAs. If confirmed, we may be entering Wave 3, with a potential price target of ~$12 (+58%).
🎯 Key Potential Catalysts Ahead:
-> Q2 Earnings
🧵 3/6
In Q1, revenue dropped 47% QoQ to $7.9M… but here’s the catch: ~$5.5M in shipments were delayed, not canceled. These orders are expected to be delivered in Q2, potentially setting up a strong rebound. Add to that the hidden NOL asset worth ~$2–$3/share if they manage to unlock it… this remains a very asymmetrical setup.
✒️ Full thesis breakdown here 👇
Technical View
Wave 2 seems to have completed around the 0.618 Fib retracement, right at the confluence of the 50- and 150-day SMAs. If confirmed, we may be entering Wave 3, with a potential price target of ~$12 (+58%).
🎯 Key Potential Catalysts Ahead:
-> Q2 Earnings
🧵 3/6
Juan Pablo Montero@jpmontero88
$MIND brought to me by this great IMO micro-cap investor @onecentinvest . Must follow!
As previously commented, yesterday I opened a position (~7%). So… let’s jump into the summary of why I see upside, both fundamentally and technically of this niche marine tech company.
🧵1/10
As previously commented, yesterday I opened a position (~7%). So… let’s jump into the summary of why I see upside, both fundamentally and technically of this niche marine tech company.
🧵1/10
4
$AL2SI.PA #AL2SI
Over the past few years, 2CRSi has undergone a real post-IPO transformation, moving away from inconsistent earnings, pro-forma restatements (like the Boston sale), and fiscal-cycle adjustments… to becoming a leaner, founder-led business operating in a sector with strong secular tailwinds.
If they hit their June 2026 target of €300M in revenue with >12% EBITDA margin (>€36M EBITDA), the stock could be massively undervalued at current levels.
✒️ Full thesis breakdown here 👇
Technical View
IMO, the stock is already in Wave 3, having run +200% since the April lows. Still see upside toward €10.6 before a likely Wave 4 pullback.
🎯 Key Potential Catalysts Ahead:
-> Publication of FY24/25 consolidated revenue (24jul)
-> New orders
🧵 4/6
Over the past few years, 2CRSi has undergone a real post-IPO transformation, moving away from inconsistent earnings, pro-forma restatements (like the Boston sale), and fiscal-cycle adjustments… to becoming a leaner, founder-led business operating in a sector with strong secular tailwinds.
If they hit their June 2026 target of €300M in revenue with >12% EBITDA margin (>€36M EBITDA), the stock could be massively undervalued at current levels.
✒️ Full thesis breakdown here 👇
Technical View
IMO, the stock is already in Wave 3, having run +200% since the April lows. Still see upside toward €10.6 before a likely Wave 4 pullback.
🎯 Key Potential Catalysts Ahead:
-> Publication of FY24/25 consolidated revenue (24jul)
-> New orders
🧵 4/6
Juan Pablo Montero@jpmontero88
As part of my risk/reward rebalancing, I’ve fully exited my remaining 2% position in $OSCR to begin building a stake in $AL2SI.PA #AL2SI as part of my Small, Micro & Nano Cap portfolio.
In this post I won’t dive deep into the business model, units, or financials (as I always do), @HyperTechInvest has already done a great job laying all that out (post attached). Instead, I’ll focus on the why behind my growing interest!
The more I read about this company, the more I like it. That said, I’m still in the middle of my due diligence, but once completed, I plan to gradually scale this position up to around 10% of my combined portfolios!
🧵 1/7
In this post I won’t dive deep into the business model, units, or financials (as I always do), @HyperTechInvest has already done a great job laying all that out (post attached). Instead, I’ll focus on the why behind my growing interest!
The more I read about this company, the more I like it. That said, I’m still in the middle of my due diligence, but once completed, I plan to gradually scale this position up to around 10% of my combined portfolios!
🧵 1/7
5
$NCI.V
Following a strategic pivot in 2021, the company’s has shifted its focus to the KSA, taking advantage of the Kingdom’s Vision 2030 initiative. This strategic realignment has fueled explosive growth, supported by a strong contract backlog and an excellent cash position. While growth continues to be a top priority, it will be essential to closely monitor receivables and ongoing improvements in cash flow.
In just the past three months, the company has secured approximately $35M in contracts, including new agreements, renewals, and expansions, representing over 50% of last year’s total revenue.
✒️ Full thesis breakdown here 👇
Technical View
The price just collapsed and quickly partially recovered following the announcement of a brokered LIFE offering. Technically speaking, as long as it can break above the $2.33–$2.40 resistance range with strong volume confirmation, we may see the continuation of Wave 3.
🎯 Key Potential Catalysts Ahead:
-> Q2 Earnings
-> New contracts
🧵 5/6
Following a strategic pivot in 2021, the company’s has shifted its focus to the KSA, taking advantage of the Kingdom’s Vision 2030 initiative. This strategic realignment has fueled explosive growth, supported by a strong contract backlog and an excellent cash position. While growth continues to be a top priority, it will be essential to closely monitor receivables and ongoing improvements in cash flow.
In just the past three months, the company has secured approximately $35M in contracts, including new agreements, renewals, and expansions, representing over 50% of last year’s total revenue.
✒️ Full thesis breakdown here 👇
Technical View
The price just collapsed and quickly partially recovered following the announcement of a brokered LIFE offering. Technically speaking, as long as it can break above the $2.33–$2.40 resistance range with strong volume confirmation, we may see the continuation of Wave 3.
🎯 Key Potential Catalysts Ahead:
-> Q2 Earnings
-> New contracts
🧵 5/6
Juan Pablo Montero@jpmontero88
I finished it before the weekend, so here we go!!
Thks @onecentinvest for put it under my radar.
If you like and/or are invested in $NA9 #NA9 $EPAM $GLOB $DAVA $SNG $SPR I think you will love it.
⚠️ Not financial advice. I own shares
NTG Clarity ( $NCI $NYWKF ) is a Canadian company that provides digital transformation solutions: software development outsourcing and software products. Essentially, they’re a mix of software developers and IT consultants for industries with complex technical needs
🗝️ The Key
🇪🇬 In 2021, NTG’s management shifted its Egypt subsidiary to focus on providing offshore services for international clients, particularly in Saudi Arabia (KSA).
🇸🇦 The demand for digital transformation in KSA has surged, following its ambitious Vision 2030 economic development plan, leading many companies to look for offshore solutions that combine access to talent with competitive pricing. Egypt has become an increasingly attractive option for these businesses, thanks to its cost-effective labor, shared language and culture, and convenient time zone, making it a preferred choice over traditional destinations like India.
📈 With NTG’s decades of experience in the Middle East, a well-established offshoring operation in Egypt, and strong relationships with key decision-makers in Saudi Arabia, the company is well positioned to benefit from the region’s rapid push to expand its tech infrastructure. As KSA continues investing heavily in software and digital solutions, NTG is emerging as a trusted partner to help drive these ambitious projects forward.
See in the photo bellow the result of this transformation 🔥🔥
🧵 1/6
Thks @onecentinvest for put it under my radar.
If you like and/or are invested in $NA9 #NA9 $EPAM $GLOB $DAVA $SNG $SPR I think you will love it.
⚠️ Not financial advice. I own shares
NTG Clarity ( $NCI $NYWKF ) is a Canadian company that provides digital transformation solutions: software development outsourcing and software products. Essentially, they’re a mix of software developers and IT consultants for industries with complex technical needs
🗝️ The Key
🇪🇬 In 2021, NTG’s management shifted its Egypt subsidiary to focus on providing offshore services for international clients, particularly in Saudi Arabia (KSA).
🇸🇦 The demand for digital transformation in KSA has surged, following its ambitious Vision 2030 economic development plan, leading many companies to look for offshore solutions that combine access to talent with competitive pricing. Egypt has become an increasingly attractive option for these businesses, thanks to its cost-effective labor, shared language and culture, and convenient time zone, making it a preferred choice over traditional destinations like India.
📈 With NTG’s decades of experience in the Middle East, a well-established offshoring operation in Egypt, and strong relationships with key decision-makers in Saudi Arabia, the company is well positioned to benefit from the region’s rapid push to expand its tech infrastructure. As KSA continues investing heavily in software and digital solutions, NTG is emerging as a trusted partner to help drive these ambitious projects forward.
See in the photo bellow the result of this transformation 🔥🔥
🧵 1/6
6
$ZOMD.V $ZMDTF
A post-COVID strategic pivot has fueled impressive revenue growth, and the company has recently turned profitable. A leaner, smarter Zoomd is emerging, and its improving financials are just beginning to show up on investor screens.
✒️ Full thesis breakdown here 👇
I realized I haven’t posted a full all-in-one breakdown yet, just scattered comments. Will be putting together a full post soon!
Technical View
Much like 2CRSI, the stock appears to be in Wave 3 already, up +200% since the April lows. I still see room to $1.85 before we potentially enter a Wave 4 pullback.
🎯 Key Potential Catalysts Ahead:
-> Q2 Earnings
-> Addition of new clients (de-risking top-line concentration)
🧵 6/6
A post-COVID strategic pivot has fueled impressive revenue growth, and the company has recently turned profitable. A leaner, smarter Zoomd is emerging, and its improving financials are just beginning to show up on investor screens.
✒️ Full thesis breakdown here 👇
I realized I haven’t posted a full all-in-one breakdown yet, just scattered comments. Will be putting together a full post soon!
Technical View
Much like 2CRSI, the stock appears to be in Wave 3 already, up +200% since the April lows. I still see room to $1.85 before we potentially enter a Wave 4 pullback.
🎯 Key Potential Catalysts Ahead:
-> Q2 Earnings
-> Addition of new clients (de-risking top-line concentration)
🧵 6/6