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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.
@racker@Brent_Cook joins the Korelin Economics Report weekend show to talk about Colorado Resources $CXO - "It's still sort of early" and Mariana Resources $MARL.L - "Very very rich deposit that's open, it's clearly economic... They may have found the heat source... If we're correct that opens up the opportunity for a replication of the deposit 3-500 meters to the south." He also comments on Nevsun Resources $NSU, a cashed up profitable base metals miner. http://www.kereport.com/wp-content/uploads/0709-1-31.mp3
@VaughanThanks for the @brent_cook interview @miningbookguy. $MGG is one company that never really gets mentioned here. I know they are in the Guerrero province of Mexico and they have drill results pending. Thoughts anyone?
@MiningBookGuy@leafs RE: https://ceo.ca/mbgtrends?f9884700e112 - good post by you! People often dance around the topic of #newsletters in this industry. I agree that for many people they seem to be the "only source of 'indepth' look at the company". On your follow-up comments, I will immediately add that newsletter writers have a wide-range of how they get paid, and it's VERY hard to figure out the differences at first.
Without picking on anyone, I will say that I personally 100% trust @Brent_Cook & #JoeMazumdar@JoeMazumdar for their unbiased views of companies with #ExplorationInsights. This does NOT mean they are always right. But they got paid a pretty penny by subscribers, and they consistently say they will never take money/shares/whatever from companies. There are a few other newsletters that are similar. But many aren't, and you just have to figure some of this stuff out through experience. On that note, I have a couple other things to share:
@rackerTranscribing @Brent_Cook on Turd's podcast. Here Cook explains the year in review and Exploration Insights' investment strategy http://www.tfmetalsreport.com/podcast/8047/a2a-brent-cook-exploration-insights?page=2#new "I turned pretty positive on the sector. It was clear to me that the major mining companies needed new reserves, new mines, so we went pretty heavy in December and January into some of the mid-tier companies that had deposits that we felt were high margin and be acquired. It worked out well. 6 of our 7 picks were acquired by major companies… The [7th] is still sitting there. We’ve tried to replace those with more or new deposits, new companies, but the reality is, it’s very very hard to find high-margin economic deposits… It makes sense and this is what we’re doing. We’re moving down the food chain and buying into earlier stage discoveries and exploration companies with the ideas that those will be the next to be acquired by the major companies as they continue to run out of ore… Mine production is about 90 million ounces a year. They’r finding on average 40 million ounces a year. That’s been declining for 15 years… They are getting more and more desperate… Our strategy here means we’re not that tied to the gold price. What we’re tied to companies needing new deposits that make good money."
@racker@Brent_Cook on #Japan “…probably a really good place to be exploring because it hasn’t been hit that hard, certainly for precious metals deposits. Working in Japan, you need to be extremely well connected to get anything done there.” Does not mention the two TSXV listed Japan explorers, $IRV and $JG.
@racker@Brent_Cook on K92 Mining Inc. $KNT “In my opinion, I need to see they can actually make money on their narrow underground mine before I'd buy it. It’s a difficult spot, mining method. If they can show they can make money, the rest of the ground around there is extremely prospective, and I think they can grow the resource quite a bit. I’m watching just to see that these guys can work and show a profitable operation and then that’s something to look at for sure.” (approx 30 min mark)
@racker"To win in this game... you've got to have an edge, and Joe and I have an edge when it comes to early stage projects or single deposits companies, that are kind of below the radar of most of the mining analysts. That's where our edge is so we stay there." @Brent_Cookhttps://www.explorationinsights.com/
@MiningBookGuy@Excelsior - thanks for sharing links/thoughts on #TurdFerguson. To my recollection, Turd was like a 'silver genie' in 2009-2010, seemingly predicting every short-term move (especially on the bullish side), as silver just went nuts in this time period. And then he went through a real rough patch, but still maintained quite a following.
I'm not sure if this basic summary is correct. But I agree it's probably a good idea to still listen to him, and have to say I'm impressed that he got @brent_cook for such a long podcast (which I still need to listen to in full soon). Anyway, thanks again for sharing this, and your thoughts are always appreciated, whether in #mbgtrends or elsewhere at ceo.ca (like some really interesting ones I saw you posted @wannabeinvestor's room!)
@tommyHappy Birthday to Joe Mazumdar, co-editor/Analyst at Exploration Insights!
~86% of Exploration Insights' 2016 stock recommendations were taken out at substantial premiums, Joe's first year with the publication. That's incredible!
Here's my Jan 2016 interview with Joe, one I found very informative and inspiring: http://blog.ceo.ca/2016/01/19/mining-analyst-joe-mazumdars-vision-for-ethical-research/
EI published a new recommendation yesterday that is close to home! I'd love to share it with you but want to support their publication!
On Kitco today Joe's partner @Brent_Cook said Q1 will be a good time to buy gold juniors. This is the guy who sat out the entire bear 2012-2015 market, and got bullish in late 2015, before a mighty run.
https://www.explorationinsights.com to get Brent and Joe's best ideas for US $140/month.
@PamplonaTraderOh, I am definitely an A-hole LOL. I think after coming across so much bullshit in the resource sector over the years, I've conditioned myself to call it out whenever my bullshit detector is set off. I am not the only one, you see intolerance for bullshit from people like @BDMinefinder and @Ocotilloredux as well. In my mind, being able to identify bullshit is an essential quality for anyone wanting to be successful in this sector. It is also why I went at luminaries like @Brent_Cook after he declared it impossible for Arrow to put out a maiden estimate of 200Mlbs. Having said that, when I view someone as credible, I give them the respect they deserve. I immediately got the sense from BDM and Ocotillo.
@PamplonaTraderI want to be clear though, I have a ton of respect for @Brent_Cook. One of the best in the biz w/r/t precious and base metals. I could never hold a candle to his light. I just knew he was wrong on $NXE.