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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.
@CautiousNowI've been in this for a modest position since the old coal staking rush in Manitoba that is much smaller after the 10:1 consolidation, of course. I've found that there has historically been ZERO apparent interest in communication with shareholders (e.g., basically no NR on Stockwatch, no presence at shows, etc.). In the absence of a radical change in communications and marketing philosophy, there's no way I'll be picking up any.
@CautiousNowVolumes are disconcerting today. Obviously, some holders of material positions want out now. Agree with @wolff that this is a reflection of a perception that results from assays will be poor. At least someone is picking up the shares.
@CautiousNowLooks like $REG is getting a bit of uplift from the Cambridge show. Anyone speak with John and have an update they can share in addition to the comment from @BS that flows from the last release?
@CautiousNowWill be nice to see this one finally drilled by $ADZ. A lot of science has gone into it, so hopefully the value of the incremental information has decreased the risk significantly. Mark et al have done a nice job of putting together a land position, so there is some intriguing upside if the initial results are promising. You'd have to think that there would be a takeover offer from $K in due course.
@CautiousNow@RocketRed Fair point. My position wasn't sufficiently large to contact the company, and I have no reason to question your comment about them being approachable when contacted or their technical expertise for that matter. However approachable the company may be when contacted, my original point is that a shareholder should not have to chase the company for updates-the company should be reaching out to shareholders and the marketplace more generally to tell their story. Shareholder value is suboptimzed for any company when there is very little emphasis placed on reaching out to inform shareholders and the marketplace more generally about developments with the company (e.g., PP at unfavourable prices, etc.). In the absence of radical changes in this regard relative to past demonstrated behaviours, I'll watch this one from the sidelines and hope that the project works out well for everyone.
@CautiousNowGave belated thumbs up to Dunite on his posts. Looks like we're still in the game anyway, and the near-term work program is an unexpected positive surprise. It's very disappointing that the assays have been in hand, but not shared. It would appear that the gold showings noted in the prior release weren't as good as had been hoped. "The assay results from Séquoi are disappointing for us all; however, the presence of certain lithologies in one of the drill-holes directed us to stake this new claim block," says Northern Shield President and CEO, Ian Bliss.
@CautiousNowI'm hoping this one starts to get some attention soon. It's a difficult stock on which to accumulate a position because of thin volumes. Any significant bids are going to see a nice bump as the story evolves. Picked up a solid position in this one in the spring before the first bump and probably overpaid somewhat to complete my position in late July.
@CautiousNow@Dunite Thanks for the update, Dunite. I agree with the "smoke" conclusion. Like you, I have a very large position, such that things in some ways would be much simpler if there weren't as many intriguing pieces of information and I could just walk away. I found the lack of disclosure of assay data on Sequoi very disappointing, though. Non-disclosure or selective disclosure makes retail and analysts nervous, particularly when we're trying to use information to help us reassess risk. Any sense of whether there's an intention to publish the assays in the not so distant future so that there's a clearer picture of the puzzle.
@Dunite@CautiousNow, Ian, told me today that S32 was putting pressure on him to release the next disclosure. So when I called him, he really was happily working away at preparing that disclosure. He was very upbeat about the news that was coming out in about Ten days. I think that intention is, that missing information will be part of this release. Along with some interesting VTEM data that has not been released over the Huckleberry site that was done by S-32.That should make @Ted happy. The whole time we have only seen the data that NRN has provided. We have not been provided S-32 data. So I believe that there is very interesting Information forth coming, mostly S-32 data. You will not find huckleberry data or even a mention of their exploration in Canada on the S-32 website. So it will be interesting to see what S-32 is protecting in the way of a potential deposit. They would not have agreed to a second season of more intense exploration if S-32 did not think there were good odds of success. Panel, that is all I know.
@CautiousNow@Dunite Thanks for your continued updates. I continue to keep my fingers crossed on this one. I just hope we can avoid a consolidation for a while until there's a clearer picture of the data, the location of the new block and the plan forward.
@CautiousNowIt was interesting to watch $REG shoot up quickly to $1.72 this morning when someone tried to establish a modest position. Given how thinly traded this is and the likelihood that a large position is held by ex Antares shareholders who have loyalty to management, this seems poised for a breakout on any material news or analyst coverage.
@CautiousNowThe video tells a nice job of summing up the story. I've spoken with Mark a number of times at various shows, and have always found him to be intelligent, straight up, passionate about the science and frugal with shareholder funds. All of my interfaces have been very much like how he comes across on the video. Hoping I free some funds up before this runs away on me.
@CautiousNow@styrianMan Thanks for posting. I found the comments on the next steps on the diamond side to be quite enlightening, particularly this part: "Unfortunately the large diameter targets that showed up on the government airborne survey broke up into many smaller targets when new close spaced surveys were completed, and this diminished the immediate interest.The few targets that were drill tested showed that there are several different causes of the anomalies, and a more detailed and prolonged program will be needed to identify those most prospective for kimberlite out of the 300 plus targets. We still like the area and are focusing on re-evaluating the first targets and another group of targets just slightly west, and in the Alberta portion of the western Basin.These targets are closer to the down-ice indicator minerals, and many of these show reversed magnetic response."
@CautiousNowNice to see the increased interest in this over the last few days. It would be great to know what's driving the incremental interest, since the traffic on the board is still fairly light. Logically, I wouldn't have expected to see a lot of interest until there was greater certainty about the plan forward with respect to such matters as: (i) the upcoming South 32 program on Huckleberry; (ii) some greater insight into what the Sequoi results actually were and how that modifies the regional model; (iii) what Sequoi and the more recent work mean to SE2; (iv) greater transparency about the new claims and the plans for them; and (v) the plan forward for Idefix. As regards the latter, I think that they should be considering a potential JV unless there's something in the first four items that takes the stock price up to a level at which we wouldn't see a lot more dilution. I remain very disappointed by the very limited disclosure about the Sequoi results, but perhaps there's a strategic reason of which we are unaware. If it ultimately just reflects a choice not to talk about disappointing results, I think that's a big mistake in terms of the credibility Ian has otherwise been able to build up over time. That being said, I still believe (hope?). Given the size of my position and the potential upside when surrounded by so much intriguing mineralization, I have no choice...LOL
@CautiousNowI've ridden this one with a nice position at about $1.10 without selling any to date. Despite the obvious upside over the longer term, I'm looking at starting to reduce my position with a view to a potential exit. Ultimately, this just reflects the relative value proposition that it's soon at the point at which a further double from those levels does not seem as likely as some other opportunities that are likely to emerge if the market starts to get legs. Curious about how other holders are looking at this one.
@CautiousNowReally surprised $REG doesn't get more love on CEO.CA or SH. With the track record of management, the quality of the asset and the cash in hand, it looks like relatively low hanging fruit. I'll probably start shifting some money out of $IVN shortly, and this seems like a nice play for some of those proceeds to add to my existing position if it doesn't run away on me first.
@Markedtofuture$NRN@nobshere@HRA-Coffin any new info from Ian on $NRN? @Dunite wrote 30 Jan 2017 - @Dunite@CautiousNow, Ian, told me today that S32 was putting pressure on him to release the next disclosure. So when I called him, he really was happily working away at preparing that disclosure. He was very upbeat about the news that was coming out in about Ten days. I think that intention is, that missing information will be part of this release. Along with some interesting VTEM data that has not been released over the Huckleberry site that was done by S-32.That should make @Ted happy. The whole time we have only seen the data that NRN has provided. We have not been provided S-32 data. So I believe that there is very interesting Information forth coming, mostly S-32 data. You will not find huckleberry data or even a mention of their exploration in Canada on the S-32 website. So it will be interesting to see what S-32 is protecting in the way of a potential deposit. They would not have agreed to a second season of more intense exploration if S-32 did not think there were good odds of success. Panel, that is all I know.
@CautiousNowVery large $REG volume compared to recent trading patterns. Looks like there is an impetus of some sort to an accumulation. I was very surprised at how many traded today at these prices. I would have thought that this type of interest would have sent it up 20-25 cents. Congratulations to the buyers.
@CautiousNow@ted The deal on Huckleberry is that all funds spent there are for South 32's account until we're moving towards a potential development, assuming South 32 stays in the game. In other words, NRN has no capital exposure for quite a while if South 32 is in the picture.
@CautiousNowThis is moving to the point at which I'm starting to look at it through the lens of relative value. I like the projects, and believe that the long-term price will be two to three times current levels. That being said, what is the likelihood of another 50% gain from, say, $5.50-6.00 over the next three months relative to some of the other quality opportunities available in the marketplace that haven't had a comparable run yet?
@CautiousNowAnother base at the $2.20-2.50 level would be wonderful, and seems quite attainable in the context of a detailed update about drilling plans and the upcoming PDAC. My wife was not at all amused to discover that I'd bought more of this when she was away on Friday!!! My assurances that it's not a penny stock exploration play did not receive the hoped for response....LOL
@CautiousNow@Ted I agree with you on the very selective disclosure from a program that had generated so much interest in the market. Hopefully, we see a discussion about the plan forward respecting all of the blocks and a perspective on the updated model in conjunction with PDAC.