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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.
@HighROI@pamplonatrader I mean how can you still try to push the shallow pounds narrative in the face of that? - Embarrassing. You would think Dev would be on his knees begging for a piece of the mill capacity. Maybe Leigh should create a new spinout - tolling fee pillages
@PamplonaTrader@HighROI re toll milling. Exactly why I believe a major need not consolidate control of the PLS area. The operators at Arrow will be high grading the A2 subzone for 15-20 years. Then when they start mining the lower grade ore, they can blend with higher grade ore from Triple R and squeeze their operators with toll milling fees... that would lower cash costs for the remaining lower grade ore from Arrow.
@teevee@pamplonaTrader, @HighROI, even better, hope that someone's special purpose company to develop PLS goes bankrupt after more than a $billion in development improvements, and then pick it up for pennies on the dollar from the bankruptcy receiver.
@pinnsvin@HighROI An uptick in spot price is good news after a two week of downdraft. Assuming it doesn't reverse before the resource estimate, it should help solidly position the stock for a ramp up into the RE.
@HighROIKennecott had a town hall meeting in prep for a drill program at Bell Copper's $bcu$bcu-h Kabba property. Sounds like 4 to 8 holes and judging from the Kennecott presentation the location is in and around K11 and K12 holes. Not a lot of info obviously with Kennecott running show but they completed a geophysical program. Volume finally kicking up on this notoriously illiquid stock.
@HighROIPretty sure I also recall he changed his tune early this year or late last year that recovery would not happen until 2020s now back on bull train. Analysts are terrible predictors of commodity prices like most of us.
@HighROI@internalaudit I would disagree that NXE is fairly valued. I think Leigh could sell it in a heart beat at $5-$6. Think he is looking / hoping for much more. I am very biased though. I do think TK finances at some point on this hot run. I don't think I am going to try and guess when and just...I leave it to Pamps to create the new catchphrase for TK.
@tommy@PamplonaTrader@Highroi enjoyed gaining some financial independence alongside you over the past years. Yea we trounced ALL PMs, but as we're beginning to learn, it's harder with more. Need to preserve capital, avoid Valeants.
@PamplonaTraderI was just chatting with @HighROI@EricTheActor@SellHigh and the boys had an interesting idea. @HighROI floated the possibility that $NXE could be in negotiations to combine Rook I claim block S-113933 with $PTU's Hook Lake in efforts to consolidate the Harpoon and Spitfire discoveries.
NexGen is not getting much torque from these smaller regional discoveries. It's clear that Harpoon-Spitfire is one emerging deposit. Combining Bow, Cannon, Harpoon and Spitfire (and many km of fertile strike) would give the NewCo critical mass to unlock meaningful value for its stakeholders.
This makes lots of sense on so many levels. We've heard that $NXE has good relations with the Frostad Bros at $PTU (while $NXE's relations with $FCU remains, well, just frosty). The major suitors for Arrow - Rio, Cameco, AREVA - are all stakeholders: Rio has a 10% carried interest in S-113933 and Cameco/AREVA have project equity in Hook Lake. Their approval of any such corporate action means they will not require Bow, Cannon, Harpoon as part of any deal for Arrow down the line... giving Leigh the green light to spin out assets now rather than waiting for takeout negotiations for Arrow.
@PamplonaTrader@teevee not saying this will be easy. In my chat with @HighROI@EricTheActor@SellHigh, I specifically mentioned the fact that all the fingers in the pie make it difficult to negotiate the combination. However, there has been lots of rumors floating around lately and while it's fair to question Cameco, AREVA and Rio's enthusiasm for such a deal, the combination makes lot of sense for $NXE and $PTU shareholders.
@HighROIWith Areva locking up the Preston project and if a merger of Hook Lake and S-113933 were to happen I think that is pretty indicative that some fairly serious discussions have happened around Arrow.