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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.
@Fischlaender$FF with a set of "mind-blowing spectacular" results from Pickle Crow (aka dusters!). Now the revised strategy of conducting own exploration instead of consequently pursuing the strategy of mineral bank might start to backfire, as the comparably low quality and problems of the acquired assets (from distressed companies) is seemingly exposed...
@Fischlaender$NRG I continue to be a bit appalled by the terms of that PP, including a full warrant ( @stateside , this is what I would call greedy!). And I would not be surprised if they drive the SP down below 0.20 CAD to prevent the acceleration of the cheap warrants.
@stateside@Fischlaender - $NRG had $133k in July so now they are out of cash - you can't negotiate a PP from strength when you are broke. $OSK has $90 million in cash - not quite the dire straights that $NRG is in.
@Fischlaender$AVU news re Slivovo/Kosovo project is a prime example of misleading headline: "Avrupa Minerals accepts Slivovo Study and approves C$8m drill program" First part is ok (even though what to accept there is beyond me) second part re drill program, AVU does not have to approve it as Byrnecut is the 85% holder of the JV that owns Slivovo. Byrnecut has proposed a 8million drill program and AVU decided not to co-fund its share, so AVU is going to be diluted below 10% and converted to a 2% NSR, that should have been the headline.
@Fischlaender@Leon In this Moriarty interview he also gives a pretty direct hint to $MEK, whether he wants to cover them or not is a different story: "There are some great companies and great opportunities out there. There is one company I talked to over the weekend that I won’t identify that’s got a C$3 million market cap, a 50/50 JV with Goldcorp, and they’ve got C$2 million in the bank. Now how much risk is there in a stock like that?"
@Daniel@Fischlaender Could not agree more. $MEK one hack of an underrated company. Check out their board, their connectons, other projects and ties/shareholdings of other companies and you'll realize how intersting 2017 will be for them.
@Fischlaender@Mutt re $MEK in the video that I had linked yesterday Stares talked of a new drill program early February. So at least cores could be at display and if they contain some nice visible gold it might be even more attractive than the real figures/assays...
A long shot forward re $LMC-H and a possible interest in $OCO ‘s Xochipala project in Mexico.Yesterday LMC filed the NI 43-101 technical report for Los Filos, the Mine that Giustra's newco purchases. Page 1-11 shows the drill locations of all what $G has done on Los Filos, 28 holes for approx. 6.500m. As we know, $G drilled on OCO's claims believing they held the titles, OCO won the case in court some years back, results were never disclosed. Page 1-11 of the NI 43-101 show the locations and the Xochipala concessions. Page 7-23 is even more detailed and gives some short hints towards the fact that the drilling did not achieve its primary objective: “The initial results of the mineral exploration showed that the economic mineralization present in the area does not display lateral and depth continuity, as found in the Los Filos and Bermejal deposits.” However, whereas $G was more interested in the ongoing operations of Los Filos LMC wants to improve mine life and economics and mentioned in their acquisition announcement "...Additionally, there are several exploration opportunities within the area of current operations that could extend mine life..." Page 1-34 reads: “1.23 Exploration Potential Exploration potential in the near term includes extensions to mineralization currently mined in the Los Filos Open Pit and Bermejal Open Pit. Additional exploration potential remains around the Los Filos intrusive body and in the Bermejal-Guadalupe corridor, particularly in the vicinity of the southern extension of the Bermejal intrusion. The Bermejal Underground deposit remains open on strike and to depth and will be the focus of drilling in 2017.
The Xochipala area to the south of the Mine property also retains exploration interest.” This is repeated on page Page 25-2 again.
OCO has 2 million in the bank, GGA shares worth around 700k at the moment and a market cap of around 3 million CAD and a minor production royalty on Cerro Prieto from GGA if Gold notes above 1250. I would not be surprised if Giustra and his team would atsome stage approach OCO for a deal.
@Fischlaender$CGP what is most astonishing is that this jump is happening on such low volume, especially considering how many shares the co has on issue. So there do not seem to be too many penny flippers in it but stronger hands.
@Fischlaender$JG while those impressive figures seem to be historical from the Japanese state mining authorities they highlight the potential and I am very curious what figures the JG geos have come up with (assays pending). $SA remains the more conservative option to play JG with additional upside through $TETH and $OSK positions that SA holds.
@Fischlaender@BS$SA as far as I know has de facto exited from Indonesia in return for NSRs etc. From the last presentation: Indonesia
• Memorandum of Agreement signed with key partner deliverables:
–Approval of EIS and FS for small-scale mining venture and 20-year exploitation IUP
–Artisanal mineral production from epithermal veins 25% of net profits to Southern Arc
–Southern Arc retains a 65% interest in the deeper gold and porphyry rights
• Project advanced to commissioning by new owner
• 5% NSR on gold production
• Potential “area play” property adjacent to Newmont’s Elang Cu-Au deposit
• 3% NSR on minerals production
@BS@Fischlaender that's why I was wondering. $SA was basically a #prospectgenerator, that became a holding company, with some small stakes, royalties, but mainly shares & cash. Their expertise is in early stage exploration, so they may go back to that now, with their focus not being on Japan or Indonesia any more. Any thoughts?
@Fischlaender@BS I am not so sure they will go back and get their boots dirty themselves for $SA any longer. Lots of the management is heavily engaged in other companies. So they might just leave the co as a funding and participation vehicle. Imho they should dividend out all their holdings to existing shareholders.
@Fischlaender$JDL$LGC if the over-allotment is drawn they will have effectively tripled (!) the originally planned financing (which was 27 million if I remember correctly). Assuming the overallotment is drawn the combined newco TREK will then have an almost 120 million CAD warchest.
@Fischlaender$wcb Shareholders get the equivalent of 0,11 CAD per share in GBM shares at today's prices. But GBM makes a sweet deal as they only pay around 7million CAD for 1.7mio Oz that WCB has defined so far. Imho overall a great win-win. With the caveat that it will be only ASX listed if I understood correctly...
@Fischlaender$MON with a nice little bump today. Partner Ovation Capital has until 12 March to finalize a BFS on the PHOSCO project in South Africa in order to earn 30% of the project. If the numbers add up, this should be a turning point for MON.
@Fischlaender@Allan, your private investment strategies aside, if you really put money into a gamble like $NDM and publicly announce it here while you were only willing to buy I think 6k CAD of stock in the company that you manage I really wonder where your priorities are...