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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.
@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.
@HighROI I did have a chat with Rob last week and my impression was certainly there is no financing plan in works. If you are waiting on a Financing I think you will be disappointed. Sentient and IFC will excercise Nov warrants before allowing themselves to be diluted by a Financing. I have spoken to Rob on several occasions and I find him very credible.
@HighROIDepth looking good. Bunch of old, stale small asks up to .28 and some good solid bids backstopping the financing price of .20. I would be inclined to think she runs nicely when financing closes.
@HighROIClassic descending triangle pattern with upside breakout targeting .30 to .32. 36-45% return. Arguably best commodity in mining for next few years, @HRA-Coffin stamp of approval, and near term catalysts with resource update and drilling. I like my chances at these prices. http://cdn.ceo.ca/1cfkbj7-VTT001.bmp