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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.
@BruceWayneHaywood all over the buy for $AHR. Now at 52 week high. Wonder if it's just people positioning themselve prior to upcoming drill season or if there is something coming. Insiders been gobbling up stock as well
@BruceWayne@HRA_Coffin yes that is strange. Wonder if it's just a result of interior (pro liberal) votes being reported faster? If Libs lose while leading pop vote by 5% then I'll be certain the lizard people are involved in provincial politics
@BruceWayneRick Rule picks $AFM as one of his top picks. Notes that its a tier 1 deposit, but its in a bad country, and in a bad spot in a bad country (NE Congo). Lots of warring. But says hes put his money in places where people have feared to tread before ($IVN and Mongolia for example). Not for the faint of heart
@BruceWayneDoesn't mean you have to support him now, impeach Trump and bring out some new candidates. It's true that the last election was the choice between a turd sandwich and douchebag, but doesn't mean that you have to keep supporting a crooked candidate. Obama is of no relevance anymore, except if your into the speech circuit. Get Trump out of the Whitehouse before he destroys the free world /end rant
@0KibBack in 70s a prominent US scientist wrote a great book on Tennis analyzing how amateur tennis is 'losers game' (whoever makes fewer errors wins most of the time) as opposed to professional tennis which is a 'winners game' (most games are won by whoever has more winners). This idea has since been applied to many disciplines (Flying an aircraft for example is a losers game - make fewest errors) and so on. Elections most of the time are 'losers game' (people are trying to avoid the 'turd sandwich' to borrow @BruceWayne's coinage)
@BruceWayneI think they are opening the door to include lower cap stocks, which means they'd have to free up some cash from other holdings, but $SSL is the 23rd largest, so I cant imagine there was a huge amount to sell as I'd imagine that most of the selling would come from their larger holdings. But just a guess on my part
@BruceWayne@Hogger hmm interesting. I don't know how much of the sell off could attributed to that as they still own 18MM shares, and they are basically right on the weighted allocation of the index they track. I hope you're right though, as I've been averaging down and hope it starts heading in the right direction soon. Although, I like their projects so much I'll probably just average up if that's the case! $SSL
@MiningBookGuy@BruceWayne - i still own some $AU. But have to say it's really hard for me to recommend it to anyone who doesn't have a deep technical expertise. It really does feel pie-in-the-sky right now, knowing that there are so many other plays out there with a ~100M market cap or less with a TON of drill results.
Are you thinking it could still double or triple from here JUST on some spectacular drill results from Risti?
@BruceWayne@MiningBookGuy - That's exactly what I think. It's definitely not cheap right now, and everything hangs on those first drill results out of Risti. Making it extra risky, is that the deposit style they're targeting (lode gold) likely has very erratic grade distribution - could be 1 g/t or 100 g/t within metres of each other. They won't get a good sense of it until many holes have been drilled. The old "Drill for structure drift for grade" adage. That being said, I think they've got the goods, and the valuation is appropriate for their situation. $AU
@MiningBookGuy@BruceWayne - thanks for your opinion on $AU. I would never be able to buy new shares at these levels for $AU based on relative valuations with others. But I think I have to hold my remaining shares just in case 'the big score' pans out with Risti.
Takeover potential and $BTO connection are very interesting, but not the value drivers here IMO