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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@Goldenboy Yep. Read the interview of Moriarty on Sunday and it took me all of 5 minutes to vector in on $MEK as the "unnamed" company. That was either deliberate or sloppy on his part, and I'm thinking it was the former. I bought a bunch on Monday morning and am up 20%.
@tommy@JamesKwantes@DJS i regret not being more on top with #askgold. Felt like a juggler on mobile, with everything in the background incl pro launch today. I will be more prepared and focused next time.
@DJSThanks @PamplonaTrader for such a clear and succinct summary of $CGP's implied value based on $SOLG.L's current valuation. Just want to point out for new readers of this board that $CGP's other assets, especially its full carry at Cascabel through feasibility, also have value but are being given none by the market, even at today's price.
@DJSI bought a large position around $1.10 and have already taken out half at a decent profit. Given its strong growth over the past 6 months, it's still in my top 5 or so holdings in terms of value. This is a very special deposit and I believe that $IVN still has at least a double in it. Rightly or wrongly, I'm holding the rest until $IVN is taken out or has some other form of liquidity event.
@DJS@dirkdiggler Just curious why you say that Cook is the best in the newsletter biz? I would agree that he's very experienced and has had some good wins recently, but I've had much more success with the insights and reco's provided by @HRA-Coffin -- and Lawrence Roulston before him -- than Cook. I tend to find that Cook is so intent on proving his geological prowess by finding each project's "fatal flaw" that he misses the forest for the trees. My three best wins over the past 5 years began respectively with @HRA-Coffin ( $CGP ), Roulston ( $GQC - on my second multi-bagger with it) and $NXE (my own find back in the 0.30s when it first listed, later validated by CEO.ca). If I followed Cook's advice, I wouldn't have owned any of them.
@dirkdiggler@DJS - we all have different investing strategies. Though I too like to get positioned early in more speculative plays, I like Cook's structured and logical approach to stock selection. Guys that shoot-from-the-hip can give you THE most leveraged positions to play when we have a strongly trending market. But during the downtrends and lulls.....check out Cook's track record from 2011 on. Enviable.
@schischi@DJS . Agree . Cook is very geological and technical . Sometimes too technical , so he misses some good companies in my opinion . Every point at his list has to be 100% before a buy . Other ones are riding more the momentum .
@DJS@dirkdiggler Fair point and that's consistent with his primary motto -- which he reiterated in yesterday's Coreshack discussion -- that to him the most important thing is to not lose money. I agree with that logic to a point, but thankfully we're no longer in that type of market and the opportunity cost of missing (to name but a few) an $NXE, $CGP or $GQC, all of which have blossomed since 2011, is very high. I think you would agree with that thinking since you have had several major wins that you were in much earlier than Cook.
@DJSHmmm... Lots of selling in the markets with very little buying (except for exercising options well in the money or other purchase rights). 50% growth potential if I believe Haywood, whereas the Ds and Os are quite happy selling at these prices... $PXT
@DJSI sold about 30% around $2.50 at which point it was a five bagger for me. The idea was to lock in a decent profit to sleep well but still hold lots of upside. It was my largest position before the sale and dropped to third afterwards, but after the price movement of the past 4 months $NXE has returned to its rightful place as my largest holding (by a large margin). None of which will be for sale anytime soon.
@DJS@bulava The WYD013 hole looks like a nice hit, but I agree it wasn't worth a halt. Look at how $GQC handled its announcement of a much better hole about a month ago – no halt and simply issued the press release well before market open. $SSP
@DJSJust compare $SSP's MC to that of $VIT, $MAX and $SBB. Way too much of a discount being applied here for Guyana and other perceived risks. $SBB will take off when it gets its long overdue permit, and any of these companies could be taken over for synergistic or other reasons, but otherwise $SSP will outperform these and most of the other optionality plays in the coming months.
@DJS@marketwired/unigold-inc-status-of-neita-exploration-concession I have no position in $UGD, but man do I have a problem with this type of news release being issued late on a Friday night before a long weekend, ESPECIALLY when the letter initially informing $UGD that the concession to its flagship property was at significant risk of expiring was received on February 6, ie. almost two weeks earlier. As a 25+ year energy lawyer, I highly question the legal advice that allowed $UGD to sit on that news for this long. This is the kind of shady and slimy BS that gives Howe Street the poor reputation it sometimes deserves.
@DJS$UGD management will likely point to the fact that they "appealed" the letter, as the NR states. I question whether the appeal was a formal one following formal channels, but even if it was that misses the point. If this was an arbitration ruling that cancelled the concession or confirmed that it would expire in a few weeks, can you imagine $UGD not press releasing that news because they were appealing that ruling?
@DJSAnd by eventually issuing the press release, they became pregnant with the very problem they were trying to sweep under the rug in the first place, except with much worse optics. The news is either material and requiring disclosure or it's not, and if it is it needs to be released to the market on a timely basis. There is no such thing as "material-but-not-disclosable-until-Friday-night-two-weeks-later". End of rant. $UGD
@DJS@HRA-Coffin I agree with your post above re $UGD except for one point: this IS news, or at least, it is news to all except the very most informed and engaged investors like yourself, especially given your significant interest in the DR through your interests in $PRG. Your extremely high level of knowledge and awareness is not the test for whether or not $UGD's PR last night should have been released on a timely basis at least 10 days ago.
@HRA-CoffinThe fact that they haven't gotten the renewal is news @DJS - and I completely agree with your points about the timing. I don't know when management decided they would release this at 9PM on Friday before a long weekend but no one is going to believe that was not planned in advance. The DR is famous for being slow with this stuff and is also well known to people that deal with the DR bureaucracy that they are clueless about things like materiality. They probably figured UGD would sit on it until they made a decision, which of course they can't. I think there is still a pretty good chance the concession just gets renewed late but $UGD management hasn't done themselves any favors handling the news this way.
@DJS@PhotoJ The three you listed are among the best in my opinion. I would also recommend John Kaiser of Kaiser Research for metals and Keith Schaefer for O&G. I would stay away from Casey / Louis James / Katusa -- of course they have made some good calls but they have made far more terrible ones than the others (some listed in posts above, to which I would add Poseidon aka Open Range for Katusa and too many to list for Louis James).
@DJS@DullesB I fully endorse @anonymous' post above (both of them in fact). Doing well in this junior resource investing/speculating space is very possible but takes lots of hard work and years of learning. The harder you work, the shorter your learning curve. Of course, you could be much smarter than the rest of us and only need a few months… :)
@DJS@AldenTyrell If you trust Angry Geologist's calculations it sure is: His latest blog post above (thanks @racker) gives an estimate for Alpala of 6.4 billion lbs of Cu and 5.35 Mlbs of Au. The total "value in the ground" of that ore at today's prices is ~$24.2 Billion. 15% of that is ~$3.633 Billion. At a CAD $80M market cap, $CGP is currently trading at approx 1.5% of its 15% share of Alpala, recognizing of course that this is a gross "in the ground" value which still needs to have all capex and opex factored in and a proper NPV calculated. But at 1.5% of the value in the ground of only 1 of 14 known targets in an area with district potential, I would argue that $CGP is still extremely cheap. $SOLG.L is relatively more expensive (2.1% of its 85% share of Alpala in the ground) but is still very cheap as well.
@DJSAnd I know I keep beating this drum, but $CGP is carried by $SOLG.L through feasibility on all operations at Cascabel, which has significant value to $CGP shareholders. Plus, it has a strategic alliance agreement with ENAMI which, while hard to value precisely right now, is an asset that should prove to have significant value as the bigger players gradually come/return to Ecuador.
@DJSI thank it also means of that management is setting up $IDM for a takeout, where the most meaningful consideration from a corporate structural / valuation perspective is enterprise value, not fully diluted share count. Agree with @TheGalvanizer: #ifyoubuildittheywillcome