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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.
@ExcelsiorSubconscious - #TechnicalAnalysis#Chart$SPX$USD$WTIC$XLE$OIH#Silver#Gold$GDX$GDXJ$PALL$PLAT
May 24, 2017/0 Comments/by Alex - Chart Freak
"I have decided to release a large part of my last weekend report to the public, so that you can see what we at Chartfreak have been looking at."
"Have you ever heard someone say, “In the back of my mind, I was thinking about…” ? Well, in this weekend report I’m going to discuss my analysis ( technical / Cycles / etc) and the conclusions that are drawn from that, but I also wanted to mention a few things that have subconsciously been ‘ in the back of my mind ‘ in a few areas."
@ExcelsiorThe Greatest Benefactor of US-Russian Relations – Anfield Resources $ARY$ANLDF
Palisade Research May 25, 2017
Like many other commodities, the price of Uranium is cyclical….
“Anfield is a near-term production company with assets all in the United States. Its low-risk profile and high return potential have not attracted as much investor attention as this company deserves. Anfield has managed to bypass the long lead times associated with advancing to #production through both the acquisition of an existing mill in Utah and an RPA signed with Uranium One to use its existing #processing plant. This is a significant differentiator when comparing Anfield to other non-producers or those who aim to reach production in the coming years.”
@ExcelsiorHunt for #Zinc and #Uranium with #GwenPreston
GoldNewsletter - Published on May 16, 2017
"After the better part of a decade in mining journalism, Gwen Preston has gone out on her own to find the best natural-resource opportunities around the globe. Based in Canada and writing as the Resource Maven, her next trip is to Mongolia, and she delivers plenty of candy for investors to chew on."
@MadeOfRubberWrote an email to IR early last week with a few questions and didn't get a reply. May cut my losses in this but am contemplating riding it out for the summer. Anyone following $SGN besides me at @Excelsior :)
@Excelsior@MadeOfRubber and @Onlyflaws - It will be curious to see how things go on their new toll milling set up with Lode Star, and if they make the decision to process their old tailings. Those are 2 more near term value drivers, but really it comes down to how their exploration goes on some of their 2017 drill targets, which may allow them to start some new shallow open pits to feed their mill. I could understand the desire to jump ship, but likewise the desire to add to positions here for more of a turnaround play and re-rating of this stock.
Personally, I had entered $SGN into the #StockPickingContest because I believed then (and still believe now) they have some very prospective targets for the 2017 #exploration program and this would allow them to surprise the markets by extending their mine life.
So even though they are a smaller unloved #Gold#producer, and now they are also a #tollmilling operation; I still see their upside as based on new discoveries. It will be interesting to watch their 2nd half of the year to see what develops, so for now... I'm going to weather the storm of low share-prices and see how things play out.
* Here was their 2017 Outlook based on their April release recapping the 2016 year end results:
"Based on the Company's current mine plan, it currently anticipates mining of gold at Mineral Ridge through to August 2017. Due to permitting timelines, the Company anticipates production of gold at Mineral Ridge to be 20 - 25,000 ounces from the Mary LC, Brodie and Bluelite south pits. The Custer pit and other areas for which permitting is outstanding, are not included in this production estimate and will be evaluated for economics of associated mining timelines when permits are received. Given the Company's short remaining life of mine, it is taking initiatives to extend the life of mine at Mineral Ridge through additional drilling to expand its resources, applying for permits to expand and extend current operations of new and existing pits, expanding the heap leach pad, and conducting a drilling program on its leach pad to determine if the leach pad material is amenable for further gold recovery using milling processes."
@Excelsior@Highheat - good catch on $BLK.AX Blackham Resources Limited on their Aussie listing
$0.315 +$0.065 (+26.00% gain) At close: 4:10PM AEST Let's see how $BKHRF opens up today.
Share Trading Activity and Operations Update
26 May 2017
"Blackham reconfirms its #gold#production guidance of 40,000 to 45,000oz for FY17 being circa 8 months since first gold pour.
The successful results from the Preliminary Expansion Study aimed at growing gold production beyond 200,000ozpa was released on 8 May 2017. Blackham released exceptional #drilling results from the East and West lode drilling on 22 May 2017."
@Excelsior@Highheat - Regarding $NVO I first heard about them through Jay Taylor, but also through Bob #Moriarty, and they are show sponsors on the #Korelin Economics report, and Jayant Bhandari just mentioned them on the show yesterday.
One advantage they have on their flagship property is they can easily remove the overburden and then use simple gravity recovery on the loose gold-endowed material below. It keeps their costs down as they move towards #Production.
On this new farm-in agreement with Artemis Resources Limited, it just increases their pipeline of projects, and combines nicely with the other staking they've been doing lately.
"In a news release dated April 11, 2017, Novo discussed acquisition of the Comet Well gold project near Karratha, Western Australia. Since that time, Novo has aggressively staked 6,771 square km of exploration licenses, mainly in the West Pilbara region (Figure 1). The basis for staking such a large land package is the recent recognition of gold-bearing conglomerates in a previously unexplored sequence of rocks near the base of the 2.7-2.85 billion year old Fortescue Group, a thick pile of sedimentary and volcanic rocks underlying vast portions of the Pilbara region."
@Excelsior@tommy - Yes, but $NVO is making a #production decision at the end of 2017, and likely going from #Developer to #Producer in 2018 (Something 99% of stocks won't EVER do).
I'd say that separates them from most of the hype and marketing fluff out there.
@martin@excelsior Originally Novo thought that they could just install a gravity circuit. However, with more recent testing they have decided that gravity + CIL has better economics. CIL adds a modest increase in cost from a gravity only circuit. Because it is the most conventional format the project becomes more easily financeable with the gravity + CIL. $nvo
@Excelsior@martin - thanks, That makes sense, and they should have nice recovercies by combining the Gravity + CIL and if it helps the financing, that usually wins out.
I saw the Feb press release about the Metallurgical work and added that link to the post above. That release slipped by me so I really appreciate the update on their processing strategy. Ever upward!
@martin@excelsior The market yawned when Novo released metallurgical results in February. I was quite excited about them because it indicated the grades at Beatons Creek could go up by 50% from what was previously indicated in the resource calculation. $nvo
@Excelsior@martin - Well at least the market liked the recent $NVO staking and farm-in with Artemis today.
As discussed earlier the markets often like the dream of discovery more than real work to move towards actually becoming a miner.
@Edp007lol @Excelsior true ..that was a funny clip...actually reminded me of a line i heard at the checkout counter other day...one older guy was so upset at the trainee cashier..yelling etc.. other guy behind him says.."why r u so angry...you're gonna get a heart attack..die..all ur belongings will be put in a box...in a week no one remembers who you were...relax!!"... lol so true
@Excelsior@DecNefTrades - That works for me. A close above the $1377-$1387 range then.
However, it's constructive that Gold has put in 3 more recent higher lows. I'm starting to bottom fish the miners here though, and if there is any more weakness heading into $GDXJ rebalancing on June 17th, then I'll be a buyer.
My buddy Matthew over at the KER put out this chart today to mull over on the $GLD Gold ETF.
On May 26, 2017 at 10:51 am, Matthew says:
And once the 233 week simple MA is taken out, she’s gonna blow! (the 233 weekly MA is the teal arc)
@DecNefTradesAgreed @Excelsior - and for me personally, and @HRA-Coffin I'm officially a gold bull again once $1,300 becomes support.. right now I'm pretty sideways, yet bullish on exploration and spec plays
@Excelsior@DecNefTrades - I'd like to see that trend line broken and in the rear view mirror :-)
I'm of the belief that we are already in the new bull market and just consolidating the gains of 2016, especially in the miners. There were 4 significant peaks/troughs taken out last year and a number of key Moving Averages, so that was not just a counter trend rally.
@Excelsior@MadeOfRubber - Yeah, but who cares about a 7 bagger day anyway.... Haha!
Unfortunately - $MXSG was actually down -$0.0089 today. Nobody likes a company that is ramping up Gold and Silver #production these days at $450 gold eq oz... with hardly any debt. The fact that they have leach Pads 1 + 2 going and have targeted leach pads 3 + 4 for later in the year to increase production must be a bummer (lol). The fact that they also want to bring San Felix into production over the next 12 months and have even more gold and silver must really be bumming people out. :-)
@Jayfire@BrianBitcoinBull Congrats to you on your big gains and you were right on the $$$ with your investment thesis on #Bitcoin and #Ethereum. But why are you taking things so personally? Anyone who got into mining stocks back in late 2015/early 2016 was also given shit by everyone they knew as well... Someone on the blog left a comment that I was "making the biggest mistake of my life" buying into gold and silver stocks. Anytime you are buying into a sector that is in despair (or misunderstood like cryptos) you will always have your haters who scoff at you and what you are doing. But even so, when anything rises up profoundly in a short period of time, it's never a bad idea to book profits and be careful of short-term tops. I mean rewind the tape last year and guys like @excelsior were up massive buying silver stocks when nobody else wanted them, over 500%+ on certain positions but he still had the good sense to sell some stock, especially around August timeframe when indicators were clearly showing the stocks were in overbought territory... And just b/c you did exceptionally well doesn't mean it's the optimum and ideal time for #newbies to get into the game. There's too much hype right now so latecomers need to pay attention and watch their entry points. Closing your eyes and buying at any price is never a prudent strategy... Anyway, congrats again on the win and all the best. #mbgtrends
@Excelsior@MadeOfRubber That's just how the Jr mining business works in an inefficient market. Some companies with minimal significant improvement will surge, while others that are making good strides and progress can languish for a while.
Mexus got a bit too far ahead of itself pre-production, but that's exactly what happens when Development companies make their run going into production. This goes along with Louis James "golden runway" theme as of late. They also had a few stalls making it to production, that timed out right as the investors were jumping ship on the developers and producers again so they were discarded in the recent down turn in miners over the last few months. In general many companies get forgotten about after moving into production, but a few quarters later, when they post their progress or challenges, then they get re-rated upwards or downwards by the markets like a real business. It then comes down to performance numbers and guidance and meeting/failing/exceeding expectations.
As previously mentioned, I believe where they are in Mexico for Gold & Silver is fine. Their grade is on par with many other Heap Lech operations. Their cost at $450 per gold equivalent ounce is incredibly low compared to most companies. Some of their problems are having only 1 smaller US listing, no famous Canadian or US A-team members on their board; and their JV partner is a private company that nobody is familiar with (even though they've been operators for the larger Majors and Mid-tiers in the past).
Really their whole approach was non-conventional in how they got into production without famous strategic investors, or streaming, or a big capital raise with private placements. Their JV has been very successful with hardly any debt, based on ownership of assets and work being done, and they made it a win win, and went into production.
Their other wart is not having a modern NI 43-101 on all their properties, and some investors have been burnt in the past when companies rush into production without crossing all their T's and dotting all their I's.
One of the advantages they offered was that they were not going to drill out the historic resource for 5-10 years diluting the snot out of everyone along for the ride, and were just going to get down to business, and continue exploring as they mined. Their plan was to earn while they learn, and I've made a nice return getting in early on their story and watching them make continued progress.
They know there is a historic resource, and have an idea of the average grade, and it has proved out as they've been leaching and recovering the metals. They'll do the same thing at San Felix next that they've done at Santa Elena. Once the market see them string together a few quarters of production and revenues, I believe they'l get re-rated back up substantially above their prior highs.
The risk here is holding time for them to put together the evidence of their hard work. They really need a corporate presentation that tells their story though. It would be a good idea to bring in a few other good minds to create a larger board of directors, now that they'll have some revenues being generated.
@ExcelsiorHi there @Baz. I saw your question about the free ride and thought I'd chime in. It really comes down to how your account is set up on your trading platform. You can typically do 3 free rides in a 1 week period of time in a standard cash account with a trading platform. You'll get a warning the first time, and the 2nd time, and the 3rd time the account switches over to a different type of account.
If you do more than 3 free rides (meaning a round trip buy/sell on the same stock on the same day, before it's had time to settle) then your account is switched over to a "Pattern Day Trader" account in the US. I don't know exactly how things work in Canada.
It is not a big deal other than, once it switches over, your settlement and funds available after a sale changes some. I've been a pattern day trader before and you only have access each day to the funds you sold the day before for trading, because the assumption is you will go "Flat" each night and sell any positions you bought during the day. The upside is that in that type of account you can do as many round trips per day/week as you like.
That sometimes would work against me, because in a "Cash" account, you can sell a stock and immediately have access to those funds to trade again right away into another stock. On a Patterned Day trader account, you need to sell the day before to have the funds the next morning. It's just a different kind of account.
If it was your first "round trip" free ride trade, probably not a big deal. If it was your 3rd in less than a week, then your account will likely switch over for 6 months to the other type of account. I'd be curious to find out how things work in Canada though once you get your answer.
@Vortex@Excelsior and @Baz, all you really need to know is if you're brokerage account is set-up as a "day trading account" and that account has to have a daily balance of at-least $25,000 US dollars none of the "freeride" BS matters. Clearly the situation is derived from a person who does not have a "day trading account" and funded as such. Fund you're account with a minimum of $25,000 dollars or more in the U.S. and all of this brokerage/SEC nonsense goes away.