The information on this Website is not reliable and not intended to provide tax, legal, or investment advice. Nothing contained on the Website shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@CautiousNowI live in AB, and the NDP government is clueless about economics. I wonder how many of them have even run a corner store and had to meet a payroll. Driving up the minimum wage as aggressively as they have been during an economic slowdown will logically see employers who rely on minimum wage labour to cut back on the number of positions or hours. The carbon "levy" is basically just a glorified surtax on those making more than $90,000 a year, as everyone making less than they is targeted for a rebate, such that 60% of the population is unlikely to change their consumption patten at all.
@DJS@CautiousNow If you're interested in $MOD, you might want to check out Metal Tiger, $MTR.L, which has a 30% interest on the same property but arguably a better share structure (recognizing that these are both ASX companies). I have bought a bit of each within the past couple of weeks -- $MOD through TD (which turned out to be both painful and expensive) and $MTR.L through my full service account at Haywood (which turned out to be much less expensive and quite painless). Lesson learned on how to buy on the AIM or ASX.
@DuniteI use Raymond James here in the States. It took a couple of days for them to figure it out but they are able to purchase $MOD.AX stock. The biggest problem Raymond James had is the 18 hour time difference. It is interesting to be able to watch your stock at midnight our time go up or down on the Hot Copper board. @CautiousNow Just check with your brokerage, they may have NO trouble what so ever.....
@CautiousNow@HRA-Coffin Thanks for your insights, Eric. I had been one of the Antares shareholders, and had increased my initial position largely because of the comfort I felt with John Black at a Cambridge conference. I have a lot of faith in this management team after my earlier experience, and I believe that my perspective is shared by many of the former Antares shareholders. This one tends to be very thinly traded, so it's not one I'd be trying to save a cent or two on to fill my order. With this announcement, they are now set up for news flow. The pending news flow and the increased public profile will bring a lot of new players to the story and see many of the existing players look at increasing their position.
@CautiousNowShocked the Liberals didn't go after capital gains today. Let's hope that 2017 is a very profitable year for all of us, as it seems inevitable they'll increase the inclusion rate at some point during their mandate. Nice to see common sense prevail for at least the moment.
@Dunite@CautiousNow, I Know that $MOD has 1.59 Billion shares out. I think that maybe for comparison @IVN has maybe close to a Billion out themselves. Correct me if I am wrong. So the amount of shares really does not scare me too badly. The grades of the metals are not that bad and there seems to be a course grained altered gabbro that underlies this resource that is PGE bearing. So this might be a fun stock to play with. If it goes just a third the way up that IVN has risen, I will be happy......
@CautiousNow@Dunite@DJS yes, that seems about right for $IVN. The difference that lets me rationalize the large number of shares out is the combination of the cash on hand and the ability to finance a project through debt and an equity raise. I don't plan to be in at that point, though.
@CautiousNowCongrats to those who got in today. I had expected it to take a nice jump on even 50,000 of volume because it's so thinly traded. This is another good example of one for which there will be regret if it runs on you when you're trying to save a cent. My position is full (so it won't be me), but this is one where I'd have no hesitation to jump over the bid to take an ask a cent or two higher to ensure the fill on my desired purchase if I were chasing a 10,000 share position.
@CautiousNowSurprised that there has been this degree of selling at these levels. There's only one way this one is going pre-drilling. There should be some good opportunities to take some risk money off the table with a nice profit before the truth machine results come in.
@CautiousNowSeems like yesterday when I was sitting at a Cambridge conference in Toronto worrying whether I was doing the right thing by selling 3,000 shares at $4.28 that I'd bought at 50 cents....Where's a time machine when I need one?
@zadman@CautiousNow selling is largely warrant related. Sell 12.5 - 15, replace with 12's. You can be certain if 3mm shares worth of buying wants in post warrant expiry, they are gonna have to pay up to do it. I hope I'm granted Devine power on this one to sell none if they are going to hit or sell all into the run up if they aren't. It was luck or Devine power on NRN - I exited all pre results for a decent profit. Won't claim I was one of the smart ones buying 5 cents or lower mind you. It's easy to say after the fact for NRN, but I find this drill punt more appealing. Something in my gut says kolibaba is due for some glory! Mind you, never yet met anyone who went broke taking a profit. More times than not, the drill bit makes you feel stupid in my experience. $ADZ
@ekim@CautiousNow I remember the 30 cent rights offering before that and was wondering if I should buy more shares as I had an abysmally small amount of shares. It rallied to $2 on the CH-6 then Kaiser on BNN took it to the stratosphere then it fell back to earth in short order. $4 x 72 million shares for 50% of Chidliak gave an enterprise value of Chidliak at CAD$576 million. Now Chidliak has an EV of CAD$70 million with a NPV (after tax) of a half billion Canadian with more to come. The CAD$7.5 million programme this summer could really raise the NPV to CAD$1 billion after tax NPV...but as always..I don't know what Enterprise Value the market should give. It was over optimistic at $4.28...so no reason it can't be overly pessemistic at $0.20. I would suspect the reason it went to CAD$600 million is that it drilled through the super high grade of CH-6 and there were a lot of geophysical anomalies around and no one knew if there are other twins to CH-6 in value or maybe even better. That didn't not turn out to be reality..but I don't think the speculation was misplaced..maybe a bit exhuberant.
@CautiousNowYup....Not sure we'll ever see that type of enthusiasm again post 2008. I remember one on the AB Exchange before Bre-ex that I think went from 17 cents to over $20 in two days based on "visible metal in core". Think it may have been Cartaway.
@CautiousNowI've been in this one for quite a while. I established an initial position after meeting Jamie at one of the Cambridge shows years ago and being impressed with him in terms of knowledge, approach to projects and being an intelligent, approachable straight shooter. I added last year in the low 40s, and it's been dead money until recently-to some degree because they don't do a great job of telling their story in a marketplace that has many stories competing for attention at any given time. It's an off the radar screen story that I think will get more attention once they have financing in place. The wild card on this one is the degree to which they can use offtakes to mitigate the negative impacts of obtaining project financing. They recently announced an investment by a Government of Greenland entity, which seems like a good sign for the regulatory approvals process. Nice to see it start to move.
@CautiousNowThis one has been a frustrating ride to date, largely because of the extremely passive approach to shareholder communication. I'd consider topping up at these levels if I were to move something else, but I would look at other options at the same time. My hesitation is primarily due to the disregard for the expectations of retail for timely communication.
@CautiousNowInteresting to see a few material Jitney accumulations today. I wasn't watching all day, but noticed nice accumulations early this morning and again late this afternoon. Given the concentration of the bids at the relevant times, I think that this was at most two Jitney bidders.
@CautiousNowStill find $TRIL interesting in the biotech space. Had originally hoped to exit some $IVN in favour of adding some $TRIL when $TRIL looked in a downward spiral earlier this year and $IVN looked like it was going to keep climbing. May still buy on weakness if it dropped down to the January levels again. Disregard the $6.09 reference on the left side of the page. The symbol changed from $TR to $TRIL at the end of January, and the price is almost $9.00 Cdn at this point.
@CautiousNowThe interest in this one over the last little bit is a nice example of how it's sometimes OK to jump the queue and hit the ask in order to jump to the front of the line and fill your order, vs trying to save half a cent or cent and potentially having to chase it up.
@CautiousNowThis one is pretty thinly traded, so it will be interesting to watch it responds to the pending near term news flow about the planned program and the vision for advancing the project. While there undoubtedly will be some who had purchased last spring or summer who will have a liquidity event that allows them to take a handsome profit, there are also many ex-Antares shareholders with a lot of loyalty to John and the rest of the team who have no interest in selling in the near term in the high ones the under $2.30 range because of the hope for a replication of their Antares experience. Any influx of new interest due to enhanced newsletter coverage and greater awareness of the story could see this move by 25% very quickly.
@CautiousNow@HRA-Coffin Thanks for the ongoing insights on this one in the Journal and here, Eric. Fully loaded and will force myself to take some money off the table before the drilling program is completed....
@CautiousNow@PamplonaTrader The completion of the consolidation deals certainly makes that a viable price target once there's greater awareness of the story. They are not particularly promotional, but have some wind at their back now. The upcoming MIF will be a coming out party for them, where attendees who have never spoken personally with John previously will become fans. Surprised this one didn't go higher today on even this modest volume, given how thinly traded it is.
@CautiousNow@stargate2 In your most recent comments about the newer 88 claim block, I assume you're speaking of the block close to SE2 now? Some interesting information about the way that you're using the technology on the ADZ page (e.g., doing independent research, etc.). Perhaps warrants a repeat on here for the benefit of those who haven't seen it on the ADZ page? Also, is there a website on which more info is available?
@CautiousNowIt would be great if Ian updated the materials on his website to offer a more current glimpse into NRN and its portfolio. The corporate presentation from September, for example, is not current and does not send the proper message about the importance of timely investor communication in this sector. While the technical work is really important, it's also very important to present a profile that reflects the reality that there are a lot of companies out there trying to attract and retain shareholders where everyone has a "story" of some sort they are trying to convey.
@CautiousNow@Vaughan Indeed, NRN was one of the names thrown back at me by her...So was being all in on junior mining in 2008 on a beach when the crash started. And for those with really long memories....the rise and fall of the infamous Nebex. But this time, it's going to be different....really, I just know it.....LOL
@CautiousNow@Vaughan I haven't given up hope on NRN, though...There's something going on out there. Just thankful that I'm trying really hard to listen to smart people this time around and have nice positions in things like IVN and REG to offset the fun speculations.
@ayeyouTotally agree @CautiousNow .In this day and age there is no excuse for a company not to have updated websites. Sometimes it seems like these companies forget where the money comes from to pay their salaries and the cost of exploration. They are good at communicating when they are nearing a PP but after they have the cash its the cone of silence.
@CautiousNowAlmost fell off the wagon and added another block today when the asks weren't moving toward me on $ADZ. Still on my radar screen, though, for a tax sheltered buy if the timing works on out a couple that are moving close to selling range.