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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@0KibPeople forget that Chinese save 50% of their incomes. Aggregate Chinese savings per year is almost equal to the rest of the world put together. The credit problem is an internal credit problem, like it is in Japan (also a net creditor, trade surplus country). It's not external credit like the 1997 crisis that affected SEA. That makes a big difference as internal credit issues can be managed through administrative control, which Chinese politburo clearly has, as does Shinzo Abe in Japan, given that he controls both houses now.
@0KibValuation matters it's not just about the drill results. The recent drilling has mostly been infill not stepout so it is unlikely to drive major resource upgrades. Too many just obsessively focus on drill results while completely ignoring the market value relative to the resource size. The latter matters.
@fb$NZC.AX land package permit covers 350,000 hectares (3,500sq km), huge discovery potential. And the fact that this is an open pit deposit with all the existing infrastructure. The quality clean copper concentrates (300,000 ton high grade copper, not Cu equivalent mix with gold) always find home even if it is in #DRC. @0Kib
@0KibAveraging down works if the risk is time in an investment, not price. When you average down something very expensive, you are still effectively buying something expensive. In situations where failure rate can be very high (as in Juniors) averaging down as a strategy should be done only after careful consideration. Below 70c, the sentiment fluff in $CDB would have been largely gone and so throughout 60s would be good levels to accumulate.
@0KibVery interesting. There was a 5m share block that crossed via Paradigm yesterday at a price of 1.13 (volumes shown on CEO are incorrect).Guessing that was our seller unless it was an internal cross. Wonder who this is? Only Teck & John Byrne have such a large shareholding.Any idea @jameskwantes?
@2pacSandstorm has over 5m shares as well or maybe they had over 5m. They may be selling ERD shares to buy their own shares. They only spent 2.5 m for those shares and a 2 NSR. So they would be my guess as being the seller, who was the buyer? $ERD$SSL@0kib
@0KibIt could work as a pair trade. Go long an equivalent $ amount of cryptos while shorting GBTC. That way, you essentially lock in the 100% unjustified premium to NAV. Unwind the pair trade when the discount has narrowed sufficiently.
@wannabeinvestor@0Kib, in fact Chinese authorities put bitcon under increased scrutiny to limit money laundering just recently. not sure what does that mean exaclty, but they are clearly monitoring this.
@0KibProbably close to or at the bottom now. If you believe in luck as $CDB CEO does, you will be waiting for Hole 63 to return the wondrous (albeit narrow) 4 Kg/t that Hole 36 returned in about a months time when we get assays.
@0KibNothing so peculiar about gold rising but miners fading. A LOT more money flows into physical gold through central bank and macro funds activities than probably does into miners. MT/LT both miners and gold will correlate just not necessarily in ST.
@0Kib@Paul In many mining juniors you are bound to find some element of pump, given the thin volumes and tendency of the herd to follow a few famous opinions. This may be a weakness in the market or it may be a strength, just depends on you - if you can think for yourself and do your own homework - then you can wait to act at an appropriate time rather than take security in the middle of the herd.