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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.
@CautiousNow129 in regular contest and 3rd in both bonus pick and safest contests. In the regular contest, I'm heavily into $NRN and still believe in the team and the possibility of success in the area. $GMV is still interesting, so I'm hoping for a turnaround and would consider adding if I had cash looking for a home. $ME has been a huge disappointment, mostly because of the total disregard for shareholder communications. Who knows how the big program is coming along? For the bonus pick, I went with $ADZ, and was surprisingly the only person to do so. I assume most know the story on that one. Added a lot this year, most recently at 16.5, and might add further at that level if it dropped again in the face of warrant exercises. I like that the program will target some of the lower risk targets first, as this mitigates the swing for the fences sell off risk and allows for an orderly scale back of my position. In the safest contest, I went with $IVN, $REG and $TRIL (note symbol change on TSX, where the U.S. amounts are being shown. $IVN has wonderful discoveries in less than ideal jurisdictions and the Friedland factor. Still upside, but, on a relative value basis, I hope to be out by fall. $REG is my biggest position by value. I'd been commenting on that one since I joined last June and added most recently at about $1.70. Still lots of legs on that one for the value players, but can be thinly traded. $TRIL is my sleeper and is a biotech in the cancer area with a small float and a strong cash position. Very thinly traded, so subject to swings. Fingers crossed.
@CautiousNowThe best way to work with companies Stargate2 is to enter into a confidentiality agreement that constrains your ability to speak publicly about their projects without their consent. Even if I were intrigued by the technology, I would feel obligated not to engage if I believed that interpretations were going to emerge here in ways over which I had no control. I think that the real question to ask is whether being so visible on a chat board is actually helping or hurting the objective of seeing the technology embraced.
@CautiousNowChecked the web page to see if there was a new corporate presentation. Nope...Still a Huckleberry from late 2015 and the corporate presentation from the fall of 2016. Love the team, but the IR aspect is suboptimal when this sector is ultimately a beauty contest for a bunch of stories seeking attention.
@CautiousNow@ayeyou Fair comment that they may not have that much to add. I think it's an equally fair comment to note that tweaking a little to offer even a context for last year's program and something (anything) about this year's program with a current date is a good thing and shows a certain vigilance on the IR front. Stale presentation materials send a message that a company doesn't place any particular importance on IR, which is not the best message to send someone looking at the page for the first time to learn more about the company. While I've made the point here, I realize that there are many companies with stale presentation materials on their sites.
@StarFireHonestly @CautiousNow you don't know how happy I am to be crawling out of the dog house, I think the key to success in junior minor speculation is a wife who understands that Rome wasn't built in a day..and from time to time that even Rome has been known to crash and burn at times lol
@CautiousNowStrong geologist-check. Someone new driving the bus-check. New importance on shareholder communications-Don't know, but presumably better. Seems like very positive news. Wait for feedback of others who are more familiar with Mr O'Connor.
@CautiousNowBought this twice at around seven cents. Gianni's long term perspective on copper as the "green metal" just makes so much sense when you think about it. It's worth listening to his thoughts, even if you choose to be somewhere else in the space.
@CautiousNowFor context, I think that it went from 25 to 30 and back over a lunch hour. I'm not sure how hard it will run pre-drilling if the newsletter writers and the company aren't offering a narrative that offers a logical context for the upcoming programs. In the absence of attention, profit taking by some of the five cent buyers might put a ceiling on the price in the 13-15 range pre-results. Of course, I would love to be wrong about that!
@CautiousNow@RocketRed While I agree with not sharing NLW specifics, I don't think that disclosing the identity of the NLW in question crosses that boundary. The reality is that each of us gives different weight to the opinions of different writers. Possible to share who the NLW in question is? Thanks.
@CautiousNowI'm curious as to how much of the price action reflects the uncertainty introduced by the government's initiative to review their mining act. Been there done that in Mongolia. I was hoping that the involvement of the government and the Chinese as owners would mitigate the risk of a greedy government.
@CautiousNowThinly traded and really odd trading patterns on this one. I'm not a big conspiracy guy, but I never like to see big drops leading into a financing. Significant dilution on a modest float, but should be all cashed up again, with potential news flow and analyst reports to follow.
@Dunite@CautiousNow, There are two insurgences on the borders in the Southwestern and Northeastern DRC that are cranking up. Ebola is rearing its ugly head again in the central part of Congo. You have a government that the average DRC Citizen hates that will not let go of power. As you have stated, they are getting greedy to finance themselves and line their pockets to stay in power. So over a period of a month, I sold ALL the shares I had. I invested the proceeds back into other companies in more politically stable areas of the world. IVN is a solid company, run by solid people, promoted by the best promoter in the world, with solid resources at their disposal but in an unstable part of the world with an unstable government that clouds the future of any potential mining activity.
@CautiousNowWatched the MIF video on the weekend. Brandon did a very good job presenting the project, comes across well and the KAM connection is a good one. Very interesting project that they are stepping into, with a lot of front end sunk cost by HudBay that FWZ will not have to replicate. Not cashed up at the moment, so this one has sufficient buzz that it looks like it will be leaving the station on me before I get there.
@CautiousNowThis is probably a good time to update the corporate presentation and show where the new properties (including the previously announced 88 claims) are relative to the upcoming work programs. Having more pieces of the puzzle out here at this stage seems like a really good move given the regional evidence of intriguing mineralization.
@CautiousNow@green Yes. It doesn't appear to be on many radar screens, isn't a sexy project, is slow on news flow re financing and isn't promotional. I like it for the same reasons as I did, but it's not a space to park money for a quick flip. That being said, I could see it possibly going from current levels to 80 cents in a hurry if news saw an influx of demand.
@CautiousNow@EvenPrime I noticed the discussion you had initiated a while ago about the possibility of a watchlist. Presumably something like, here's a snapshot of 10 I picked up recently and am holding and here are a few I'm watching? Presumably a private channel involving "play to stay"?
@CautiousNow@Ridethebull Agree....Basically, a senior middle management salary at one of the larger oil and gas companies, albeit it with much greater equity upside here if successful. For context, 2009-2011 was about $135K and 2012-2013 was about $175K. This doesn't seem excessive when you look at the boots on the ground aspect and the amount of time away from family inherent in his role. If this were to go to, say, 50 cents, there are a number of us here who'd make more in capital gains from it this year than his salary.
@CautiousNow@wolff I'd settle for updating the Corporate Presentation and the web page to show retail that you still believe you have a story that warrants sharing. Getting attention from an audience with short attention spans when there are many alternatives seeking attention is a given in this business. I get and respect the not promotional thing, but there is a point at which it is a negative to the ability to retain and grow shareholder value.
@CautiousNow@ekim Thanks for your continued diligence in offering context on this one. In to this one sufficiently deep that it makes no sense either to add or sell, but just to watch with fingers crossed.
@CautiousNowSurprised that this hasn't responded better to the last two pieces of news respecting the issuance of the mining lease and the alignment of shareholder interests resulting from the conversion of the equity option position to a share position. It appears everyone is watching for news on the financing side before any significant influx of demand.
@CautiousNowWow! Early stage modest encouragement should logically build a sturdy floor under this one as a base for the later stages with the higher risk prospects. Crazy market, where I really wish I was cash rich.