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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.
@HighROIAre the treatment charges a reflection of increased concentrate supply or decreasing industry smelter capacity due to shut downs or a bit of both? Is there a direct link to Chinese treatment prices and Zinc price? Would be interesting to see a smelter capacity utilization chart.
@teevee@highheat, @BDMinefinder, @HighROI P50 almost 500 million barrels, which should ultimately be recoverable. Just a few years ago, that would have driven IKM to the $4-$5 range. How things have changed. If IKM can demonstrate wells in these pools can make money, it is large enough to be of interest to a major or large intermediate company. Best thing IKM could do now is to groom itself to be taken out.
@wannabeinvestorThis is a classic anti-nuclearist sentiment builder (an excerpt from the link provided by @HighROI): 'Japenese citizens remain wary of nuclear power after the devasting Fukushima nuclear disaster.' This sounds as if the devastation was caused by the nuclear plant, not the frigging tsunami. This also ignores that citizens in the only country that has actually experienced a nuclear assault are bound to be wary of anything related to radiation. And not only that, they have been served radioactive fish caught near the atols in South Pacific which were used as nuclear bomb testing grounds by the UK, France and the US. Surely they are wary on anything nuclear.
@HighROIThe operating mine / discovery ratio in the Basin is a low number despite the outrageous comparable grades globally. Few discoveries are viable mines in the basin. If you have been following @ocotilloredux everything except Arrow and Millenium (including spitfire) amongst the many discoveries are not worth the time or money. NXE trades at a premium to peers in the basin but not enough IMO given those other discoveries are essentially stranded discoveries for the foreseeable future.
@ocotilloredux@HighROI As a mining guy, this relative valuation on a per pound in the ground annoys me to no end. This is an outgrowth of the analysts in N.A. having a geology background whereas in Australia the analysts are mining engineers with finance (CFA, MBA) and can sort out the dud deposits upfront.
@HighROIAny thoughts on EDF calling loan from PDN? Looks like could be end of road for what little remains of any equity in $PDN. Is this related to CNNC claims on 75% equity of PDN and EDF forcing a bankruptcy now resulting in better "preservation" of capital before any change in ownership in arbitration?
@ocotilloredux@HighROI I still should write a book about this whole industry. Ken Seitz and I were not even willing to put a bid in for the entire Paladin at 11 cents a share before their 100:1 plus dilution.
@pinnsvin@HighROI@Teevee Having watched the video in @Benedict 's link (https://ceo.ca/nxe?d39a0a20b3fc - just before the 17 minute mark), As the speaker (Mike Alkin) puts it to the audience, Saudi Arabia controls 13% of the world's oil production giving them outsized influence in the market place. Kazakhstan controls 40% of the world's uranium. For Kazatomprom to lure investors there needs to be a value proposition and I think they're trying to create it at just the right time. I think it's quite likely Kazatomprom is thinking to use their Swiss marketing arm to boost spot prices going into their IPO (Q3 2018). From what I've read, late 2018 leads into the period where utilities begin contracting again. I suspect the IPO was timed to coincide with this contracting period.
@teevee@HighROI, thanks for clarification. I was under the impression that Kazatomprom was obligated under Kazakstan statutes that they must sell all uranumium when produced. If it is Kazatomprom that is going to IPO, then I suppose the laws governing u production and sales in Kazakstan will be changed to accomodate Kazatomprom's future marketing dep't out of Switzerland.
@HighROI@Vaughn Thanks. I don't envy your job. It was clear to me your instincts picked up on this clown some time ago. Losing 10 suspected clowns a day would be less of a loss than losing @pamplonatrader and @criticalinvestors chats to a private room.
@Vaughan@HighROI, we try to let things go as long as possible and give people the benefit of the doubt. Not looking to censor anyone, not even the overly stupid. But once people get caught like a kid with his hand in the cookie jar, and still deny it...
@HighROII would be holding my CGP shares between now and Sept. Newcrest although subject to change of control provisions sure seem to be ring fencing Cascabel with 15% and anti-dilution rights. With the TSX approval review June 21 and Aguinaga drilling (conveniently deferred?) until August (a hit would make CGPs carried interest that much more valuable) the next few months should be interesting.
@HighROICGP shares have value because of carried interest / Solgold shares have value because they are the requirement for control of Cascabel. Wondering out loud but if Warren got pitched for his stake and perhaps facilitating a package deal for a major to acquire. A 15% carried interest in project and a large block of Solgold shares representing 5% of issues Solgold shares would give another major who may have a 9.9% stake equal footing with Newcrest on Solgold and the consolation prize of 15% interest locked.
@HighROIHuge liquidity risk for Rosseau to be making this move. There must be a plan already in action and to me anyways seems too risky for someone with their massive shares to count on a Solgold takeover when they have publicly stated their negative views of Management. Solgold probably wants to consolidate Cascabel but how can Rosseau make such a risky move when you don't trust Solgold management in first place? My original thought was this move was creating an entry vehicle for a major to have equal footing with Newcrest.
@teevee@HighROI, $CPG another risk is that cpg could simply just sell their interest in Cascabel. They are a prospect generator, and as such, less keen on being taken over, and more keen on capitalizing the asset, and then being well financed to go out and do more of the same.
@HighROIThose 2 50k Haywood bids look phoney to me. They keep getting moved down when price goes down. Enough out of reach to look like support but whoever is placing them is not looking to get filled.