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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.
@FundamentalAnalysis@Alan I agree to the extent that if you believe you are investing for the long term, and thus believe the gold price is going much higher, by default it makes sense to be in an optionality play which has a good capital structure and cash as that is going to offer you the biggest returns.
@Alan@MiningBookGuy - I'm about a quarter of the way through #robertfriedland story in #thebigscore. As I've noticed many people on here state $IVN as their top pick recently, I'd consider getting a copy. It will give you an insight into his character and, as I believe people are the most important aspect to speculating and investing, it may be worth it.
@Alan@Nick Don't speak too soon. It may still go to $1million per coin as #jeffberwick predicts! Plus that move is nothing compared to the move I made when I was mining bitcoin on an old laptop (this was when you could do entire coins quite quickly) after about 6 months of #bitcoin existing and then got bored and sold out netting 0 profit. You know what happened to it next!
@Alan@FundamentalAnalysis Yeah I was reading on libertyme today about his failed project in Chile a while back. #rickrule has called him out to respond. I have no idea about the #uranium rally. What I did know is that it's not as cheap as it was a few weeks ago which makes me sad :) there are no bargains right now that I can see. Maybe $AXY. Time to just build cash again.
@FundamentalAnalysis@Alan I look at $AXY more for the long term, not expecting sharp speculative bubble like increases. I'm concerned all round, part of me wants to take profits especially in the copper/uranium arena, but at the same time I got in with a long term view, so don't want to cut my gains short. Lots of dilemma's these days. I actually think the gold/silver stocks are looking rather expensive considering the price of gold, but since I'm bullish on gold in the years to come, don't really want to ease up on any positions there in the near term.
@Alan@FundamentalAnalysis Yeah I'm waiting to see if it goes back towards the 4.5 mark. Yeah I consider $AXY more of an investment than a speculation. A rule I use is that if I struggle to sleep thinking about my positions, I sell some until I can sleep. I have pretty a decent appetite for risk and I've lasted all through this commodity bear cycle so I usually sleep well now.Yeah it might be a good sign that the gold stocks are holding up well compared to gold but who knows what people will do!
@MiningBookGuyand quick update: an event came up and i need to travel between now and all of next week. will have limited internet, unfortunately won't be as active at #mbgtrends as i was hoping, because there are a bunch of posts i wanted to reply to.
but activity from you guys has been great, and i like this trend of talking about new companies, like @PamplonaTrader & @Nick discussing an ASX stock I never heard of, and @FundamentalAnalysis@Alan discussing AXY which I haven't followed closely. hope to see more content like this! :)
@Alan@bullmarketmove- Yeah, I'm doing more digging into the company. The #uranium market has moved up fast recently and I decided to sell my positions in $UEC and $U last night. Uranium is getting a lot of attention which means my interest in it is lessening. Time will tell though. Oh, loved the 2nd interview you did with #rickrule by the way.
@AlanSmart move for $UEC to do a financing to sell stock at $1.50 to raise cash after the run-up it's had. I'd wait before buying more as it may likely drop well below the financing price like what happened with $UUUU last year.
@Excelsior@barracuda & @Alan - Katusa has been plugging $UEC and Amir for years on his free research site. Here's an old link building the case for Uranium, with some good fundamental research, and the end is a huge plug for $UEC.
Here is another article from Marin on the #Uranium market from a 2015, and after some interesting research, you can guess which company he is plugging for the last 1/3 of the piece: $UEChttps://katusaresearch.com/the-clintons-the-new-york-times-uranium-and-the-truth/
One area he harps on is the optionality of $UEC because they aren't selling at the historically low spot prices. What he neglects to mention is that $CCJ$UUUU and $URG have been selling to meet long-term off-take agreements at prices in the mid-$50's (and not anywhere close to spot prices), so his point about them depleting their reserves in the $30s or $20s is off-track. Really, the reason $UEC is not currently a #producer is exactly because they don't have the longer term off-take agreements. (ding ding ding)
He's a promoter and marketer, so he put the optionality spin on $UEC to make it more palatable, and trash talked other companies that were selling their product substantially above spot prices. I like $UEC and hold shares, but don't fall for the spin doctors BS.
@AlanPromotion is a big factor in my analysis of a company. Yeah #katusa has been plugging $UEC for a while. I believe it was a 10 bagger when he did the #casey energy report a few years ago. I like the fact that they are not depleting their resource by selling at these prices.
@Excelsior@Alan - agreed, but that was my point up above - $CCJ$UUUU and $URG are selling their #Uranium at $52-$56 a pound (nowhere near "these prices"). That is the fib and fallacy of Marin's point on $UEC. He's a sharp guy, so he knows they are not selling at spot pricing, but positions $UEC's inability to produce or get a longer term agreement at present as a wise optionality strategy; when really it is that they can not sell their product in the mid $50's. Longer term the price will go far above that, but it's his "spin" that I have a problem with.
* As a side note, one of the more ingenious moves I saw last year was when $URG bought up a bunch of #Uranium for spot price and then delivered it to their buyer to satisfy the long-term offtake agreement at around $54. #Brilliant
The only companies depleting their resource at the current spot prices are $PDN Paladin (that's why they're nearly going under), $ERA.AX, and Uranium One. Why do you think Kazakhstan just cut production output by 10%? They're tired of depleting their reserves at these prices, but nobody on here is invested in their state oligopoly anyway. That will be good for the rest of the world's Uranium miners though.
@Alan@miningbookguy@LTR - I own shares in $SA purely from the basis of the investments they have. Their project in #indonesia is a bonus. Very cheap, I don't know the management but I know #bobmoriarty does and has also recommended it in the past.
@AlanGreat stuff guys. I thought the book was excellent. I very rarely read novels but I have read all Doug's books and they are all brilliant. Very philosophical, but I see that as the basis for thinking and understanding your life. Once you've got that down, the world is your oyster.
@MiningBookGuy@Alan RE: https://ceo.ca/mbgtrends?c656b1eff3a0 -
I was going to respond yesterday, but got distracted by the inauguration. in any case, thanks for sharing! for the record, i got 1 of the first 3 questions wrong. but i got everything correct on the 'redemption test'. this is the direct link to the video for others: https://youtu.be/JprcU2FixGk+
when i started the video, i thought it was corny...but i was 'satisfied' by the time i finished, and i do like what this guy is doing. i subscribed, and even i checked out a video he recommended on another channel, that was also pretty cool: https://www.youtube.com/watch?v=vKA4w2O61Xo&list=PL16649CCE7EFA8B2F+
one additional comment from me: i don't think investors/speculators need to be 'good' at all of this stuff. but it does help to 'think outside of the box', and at the very least, NOT be too confident in what you know. 'being comfortable with uncertainty' is very helpful for me in this sector.
i'd be happy to discuss further if other people check out the video and have their own thoughts!
@Alan@miningbookguy- Yeah I got two wrong but my wife got them all right. She would make a great speculator and not just because of getting the answers right. I agree with your comments about you don't have to be good at it to be a good speculator. I just enjoy challenging my mind as I realise how easy it is to be tricked. Watched the video you sent. I got that one pretty quick. Might be because I have read #blackswan.
@Onlyflaws@Alan@MiningBookGuy I got the three first wrong, but that is why my handle is what it is. Did not do the other ones because I knew the results already. Anyway, always fun to do this kind of excercises.
@MiningBookGuyagain, i do not own $IVN shares...but i love the simple discussion on whether people should remain optimistic, or at least get a 'free ride', or go to the extreme and sell all your shares. it's a very personal decision...of all the posts, i actually like @alan's the best (btw, don't confuse him with the 'other' alan/allan!):
"I always ask myself 'would I would buy more at this price?' if not, I consider selling some."
great question to ask!