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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.
@90bigpicturebut @HRA-COffin, my point here is not about the merits of Baraqueno. Sorry for not being clear, my point is that Los Filos can't be that great if the prior owners didn't think it was worth getting the land in between the two pits for $50MM or so to access that gold, when they had the chance. It's a commentary on Los Filos.
@HRA-CoffinI do know that Ivan had repeated negotiations with $G and floated a big potential price tag for his ground next to Los Filos as justification for the high valuation Cayden always carried. (I think the promotion budgets - which were quite large - may have factored into it a little ;)). Cayden never got much joy with their own drilling and I never got the sense they were even close in negotiations with Goldcorp. I think the $50 million they kept throwing around was what they wanted but had nothing to do with what $G was actually willing to pay. Goldcorp never seemed sold on the idea there were a lot of minable ounces to be had on that project.
@Markedtofuture$NRN@nobshere@HRA-Coffin any new info from Ian on $NRN? @Dunite wrote 30 Jan 2017 - @Dunite@CautiousNow, Ian, told me today that S32 was putting pressure on him to release the next disclosure. So when I called him, he really was happily working away at preparing that disclosure. He was very upbeat about the news that was coming out in about Ten days. I think that intention is, that missing information will be part of this release. Along with some interesting VTEM data that has not been released over the Huckleberry site that was done by S-32.That should make @Ted happy. The whole time we have only seen the data that NRN has provided. We have not been provided S-32 data. So I believe that there is very interesting Information forth coming, mostly S-32 data. You will not find huckleberry data or even a mention of their exploration in Canada on the S-32 website. So it will be interesting to see what S-32 is protecting in the way of a potential deposit. They would not have agreed to a second season of more intense exploration if S-32 did not think there were good odds of success. Panel, that is all I know.
@HRA-CoffinApparently I missed all the fun today. Good to see a bunch of you had nice trades (apparently) on $NDM. I don't have any respect for Kerrisdale but, that said, I don't have a lot more for those pumping Northern Dynasty to the moon either. Its a very marginal project, size notwithstanding, and I personally think it has zero chance of getting permitted. You can go on about Trump and the EPA all you want but there are plenty of levers the State of Alaska can use - the US IS a federal system after all - and a fairly large majority of Alaskans don't want Pebble to happen. Until that changes, and copper goes to five bucks and stays there, I wouldn't hold my breath waiting for Pebble to go forward. And one point I do agree with the short buys on is that it's more than a bit odd that a project that has seen $750 million in spending doesn't have a nice shiny feasibility study for all of us to see. I'd want to see a good economic study if I was chasing the stock at these levels.
@HRA-CoffinMike suing, and winning, and getting a much bigger chunk of the 777 cash flow than Hudbay ever intended probably didn't endear them to the boys at HudBay either Octo... It's not really Mike's deal any more but I'm sure they are still bitching and moaning about it in the HudBay offices.
@tommyGrab the bull by the horns and attend the FREE #SubscriberSummit March 4 2017 in Toronto at the Hilton Hotel hosted by @HRA-Coffin, @KeithSchaefer and CEO.CA. The event features live interviews with Canadian resource industry legends like Warren Irwin and Gene McBurney, and presentations from compelling CEOs hand picked by the organizers. Attendees last year could've made a fortune since, and this year's show is all about what's next for the new bull market in both mining and oil. You will not find better CEO and CIO access on the Canadian small cap resource scene. There will not be a better day of idea sharing and networking in the CEO.CA community this year. Tickets are over 85% accounted for already and will sell out so RSVP immediately to save your seat! Go here now: https://torontosis-2017.eventbrite.com/?aff=CEO stoked to see everybody there!
@HRA-Coffinhttp://nihoncassandra.blogspot.ca/2006/08/enigma-of-martin-armstrong.html A lay person's 10 year old but largely accurate article on #Armstrong. Not really fraud, as we'd think of it anyway. They buyers of the "rescue bonds" knew what they were doing. The idea was that Armstrong would make back their losses trading, pay back the rescue bonds and interest to cover company's existing but hidden losses (what Armstrong was trying to help "rescue" them from). Nice, if unethical (if you were a shareholder of one of these companies that didn't know what was going on) concept. Only problem is that Armstrong, yeah THAT Armstrong, "The Forecaster" is apparently a really, really shitty trader who frittered away the money on losing market bets. I get you're in love with the guy @nobs and I know other fanbois but the simple truth, based on his actual trading history, is that he's quite terrible at predicting market movements. Nuff said.
@HRA-Coffin$BTT should do fine @nobshere. They just need to get some guys into the field and do some proper sampling. Carr told me who's going to do it (good guy) but he can't get down there until after PDAC so the program should start in three weeks, more or less.
@SarbThanks for $BTT comments @HRA-Coffin - This one is a monster in the making. I tried catching up with Carr last week. He was rushing towards an urgent meeting. Looks like lots going on in the background.
@nobshere@HRA-Coffin$BTT like magic u are You no sooner put that up and the nutjobs here who sold for no reason decided ,,eh I better buy it back Now u wonder why I don't mention low float stocks here anymore ??
@Powderhound1What is the difference from a chickpea and a lentil, Trump doesn't like lentils
click to invite
@HRA-CoffinI think Jeff is right about that. This is a bizarre year for a host of reasons, starting with US politics, but I can't see a compelling reason we should have a big post PDAC slump this early in a bull market. you tend to get a bit of a dip in early bull years but its barely tradable and the "spring" move in its entirety usually lasts into April and often into May.
@HRA-CoffinI have my own reasons for looking into the $UGD situation obviously, namely $GQC and $PRG. At this stage I don't think the Unigold situation tells us anything negative in general Dominican level. I won't bore you with the history but, for a variety of reasons, $UGD has total concession holdings that are way, way over the 30,000 ha per company limit. This isn't news, nor is it news that the DR authorities wanted Unigold to do something about this. There was a flurry of option deals a few years ago with associated companies that were an attempt to deal with this problem. Most of those projects ultimately came back to $UGD so they had the problem dumped in their lap again. The concession holdings may not be the only problem but it's certainly not helping so you may see $UGD drop some of the less interesting concessions to bring their total holdings down a bit. It also sounds to me like they started the renewal process only a few months ago, which is a lot later than they should have. The DR is SLOW when it comes to this stuff which more experienced hands take into account. If the intent is to renew the concession after letting the Unigold guys sweat a bit then the ministry won't let anyone else overstake it or anything and the tenure will be fine in the long run. Unigold may be able to get some backing from GoldQuest and Precipitate, or at least some sympathy though, frankly, they don't deserve it. Every time I have seen them do a presentation recently they have dumped on both $GQC and $PRG which is ridiculous given GoldQuest's project is far superior for a number of reasons. Why Unigold management would think crapping on their neighbours is in any way a smart strategy is beyond me, but that is what they were doing. It's quite possible this will still work out but if it doesn't, $UGD should not be surprised if the only reaction they get, especially from GoldQuest is along the lines of "Oh well. Sucks to be you".
@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 $UGD management hasn't done themselves any favors handling the news this way.
@Maggee@HRA-Coffin, if this were true, and it is controlled in part by Bannon, then wouldn't Trumps approval ratings be at an all-time high rather than all-time lows? "The Weaponized AI Propaganda Machine it represents has become the new prerequisite for political success in a world of polarization, isolation, trolls, and dark posts." (Although it would explain some of the discrepancies in Trumps beliefs if he's being guided by AI through his consumption of online news.)
@HRA-Coffin@magee I make no claim to be an expert on this stuff but it's clearly an issue that needs to be monitored. As far as your comment about approval ratings goes I'm pretty sure the people behind the bots would be amused by it. After all he didn't have the overall ratings before he won the election. The whole point of this stuff is how targeted it is.
@HRA-Coffin$UGD - did some back checking. They have run through two 5 year exploration cycles at the Neita concession. Technically that is all you get and, after that, you're supposed to apply for an exploitation concession or walk away. Like everything else, the Minister has discretion to alter that if he/she wants to. GQC recently had a couple of their older concessions (outside the Tireo) renewed after ten years. They take the activity level into account and $UGD has been pretty active which should work in their favor, They also handed back the non-core concessions to get their holdings back down to 30,000 ha which should help. That said, they are at the mercy of the Minister since they have run through 10 years. I think it will probably get renewed. Hopefully they haven't pissed off the locals as that would leave them open to being turned down.
@HRA-CoffinMy 19 year old set up a savings account and is automatically moves part of every paycheck to it. Don't know where the hell he learned that. I just drank and smoked it all when I was his age.
@HRA-CoffinAgreed @TheGalvanizer. We joke about them but the truth is the career path for someone in their early 20s is much tougher than it was for many earlier generations. Early boomers (I'm at the wrong end of that crowd) had a pretty smooth path upwards. Not anymore.
@Edp007@HRA-Coffin yes smart kid..thanks..he sells life insurance, group benefits... great business... he's a star at Manulife ..Chairman even called him to congrat him on success.. no cap on earning ability in sales...it's all within yourself...no limits...