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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.
@DJS@Allan Assuming you're still down in Mexico and not at the hearings, just where is this "vibe" coming from? Are you connected with people with decision-making authority who should not be talking, or are you somehow tapped into the #NIRB force?
@DJSAnon, there are much better drill specs out there in terms of overall combined prospectivity, market cap and management. Please stop the baseless pumping, especially when hiding behind the anon handle. $CXO
@DJSAfter catching up with the news release a bit late this morning, I was surprised and delighted to be able to add more at 0.62. To me, the real question is, who are the people willing to sell $TK at a mere 5 to 10% bump after such a positive release?
@DJS@Pete86 If you had followed $SBB at all recently, you would know that the failure to get this permit when expected last year wiped out close to 50% of its market cap in a few days. So, in $SBB's case, this permit is anything but a "no brainer" and it's a given that if it is able to obtain the permit this time around, there will be a meaningful uptick in share price.
@DJSDelighted to have added more at $0.44 yesterday. Not sure the share price is being manipulated, but I suppose that's always a possibility. To me, this feels more like the product of a very large float held by many weak hands and nervous flippers. $CGP
@DJSOnly 250,000 shares traded yesterday with less than $125,000 changing hands. The sellers accepted a MC of CAD130M for a stock with 100's of millions of pounds of CuEq with only one of over a dozen targets in an emerging district even drilled. Yes, please keep selling me your shares! $CGP
@Vortex@DJS, I agree, as we all know these exploration drill targets are effectively really nothing more than roll's of the dice or synthetic lottery tickets that can go either way. But, by all accounts Mark and the team have worked hard to prepare as much as humanly possible for positive results. So for him and us, lets hope we pull some respectable numbers when the cores are analyzed and reported. In closing I will say that management skin in the game does speak volumes.
@DJSWe'll probably drop simply because of the historic discount to $SOLG.L as UK investors are going into a "risk off" mode and are taking $SOLG.L down (among others). May need to free up some more cash... $CGP
@DJS@Axelrod You just love to play games and get reactions, don't you? I also subscribe to EI and can confirm that your statements are completely false. Plus, we don't share paid subscription information here. My first and last post reacting to your BS.
@DJS@SRV If it's new material information then the company has to release it. I'd say that in the context of $TK's results to date, 48 metres of 11% zinc is material, and I suspect that Tinka (and/or their securities lawyer, assuming they consulted him/her) agreed, hence the press release.
@DJSIMO, it's not likely assay results which would have been released before or after the market yesterday. More than likely a third party deal of some sort that is still being negotiated and the halt was to deal with the possibility of deal info leaking before it is announced. $F
@DJSUnless the upcoming results contain more "geo-porn" like the ones that shot it up to $1.50, $CDB is now dead money capped by major overhang with massive dilution as the only way forward. Impossible to put a good spin on that.
@DJS@elsalvador since Cascabel is the main area of interest for $SOLG.L, by spinning out all of $CGP's other assets into a spinco held by existing shareholders, that protects the value of those other $CGP assets from a takeover of $CGP by SOLG.L (or anyone else). $CGP's current share price doesn't give any value to them, so unless they are spun out to a separately held company, there is a big risk of losing them for nothing.
@DJSIrwin is positioning Rousseau into $CGP to take advantage of the (inevitable IMO) takeout of $CGP. Basically, he's looking to get two meaningful wins out of Cascabel instead of just one through $SOLG.L.
@DJSI see this as confirming the $CGP investment thesis that many of us $CGP longs already share. He obviously saw it too, but can't move into $CGP in a meaningful way without significantly increasing the price. Hence the logic for this deal. I agree with @Vaughan -- a very savvy move by Irwin and a great vote of confidence for owning and holding $CGP.
@DJS@PamplonaTrader I agree -- two additional benefits are that $CGP can now be considered a takeout option by more than just $SOLG.L, and the value of $CGP's carried interest is now much more in the spotlight. Both are positive.
@DJSNow if $CGP can pull the trigger on the spinco, it will then be as well positioned as it can be to maximize value for its shareholders. If that wasn't already on the BoD meeting agenda, I'm sure Irwin will put it there.
@DJSDisagree @tzeb. The timing of each step is irrelevant and both are important to unlock full $CGP shareholder value. $CGP would keep Cascabel plus shares in $SOLG.L; spinco would get agreement with ENAMI, other concessions in Ecuador, Chile properties and whatever other interests $CGP has.
@fl@tzeb@djs I'd say makes it more likely as $CGP now has the liquid assets to pursue the spin-out. They don't hold much cash so prior to this they couldn't really do an effective spin-out without either raising money or leaving it cash strapped.
@tzeb@DJS for us yes but I have to assume that what Rosseau wants is Cascabel and that it would have been better of getting just that after a spin-out. At least, if I were in their shoes I would certainly have suggested that, if a spin-off was indeed being contemplated buying after the fact would have made more sense.
@DJSDisappointing close. Too many weak hands and flippers in and out of $CGP. People, that's a dangerous game that often sees you win a few pennies along the way but miss the dollars when the takeover halt comes.
@DJS$CGP has just been further de-risked and yet still closed at almost the same price as it did on Friday. I'm willing to bet that those who found themselves on the sidelines when the halt was announced got back in and are thanking their lucky stars that they dodged a bullet.
@DJS@Rulingmining Perhaps "derisked" is not the best term, but I think it's reasonably accurate. The deal is a de facto financing and, in addition, gives other companies more and better reasons to own $CGP than they had before. The former reduces risk at the corporate level and the latter provides a greater chance of a competitive takeover bid at the shareholder level (which increases opportunity and therefore, by extension, reduces risk).
@Rulingmining@DJS de facto financing? CGP acquired shares of another company from a 3rd party. Financings usually deal with raising cash with juniors. It may increase the likelihood of SOLG acquiring CGP though which would be great.
@DJS@Rulingmining Argumentative much? Emphasis on the words "de facto", which everyone but you seems to have understood. I concede that it's not a traditional financing, and already acknowledged that it does not de-risk $CGP in the normal sense of that word. I don't want to speak for him but suspect that @docjim10 would probably agree. Does that help, or are you one of those types who needs to start little tiffs online and then "win" them?