The information on this Website is not reliable and not intended to provide tax, legal, or investment advice. Nothing contained on the Website shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@JamesKwantes@Allan you are greatly overestimating my influence here, I think it was the content of the post that may have resulted in the thumbs-ups. I hold no personal animosity toward you, believe what you will. And thank you for the $NXE buy signals :)
@MiningBookGuy@JamesKwantes - well "being in a country" doesn't necessarily mean it's a good relationship ;)
I'm sure you could get thoughts from Koreans and Japanese on that matter! I think #Mongolia is in a very interesting spot, and it's possible they are even more friendly with Canadians and Americans than either Russia or China. Will that continue? Clearly #RobertFriedland saw something that very few others did a few decades ago, because people thought he was crazy to enter #Mongolia.
I don't know where this is headed. But IF #Russia really cozied up to #Mongolia while #Russia relationship with the Western world really soured, that potentially is a negative on Western investment.
I'm not saying that will happen. But that's the type of thing I think about when you brought up the interesting point of #Polyus possibly getting interested in #Mongolia, or $ERD more specifically. #geopolitics
@JamesKwantesI just don't understand the technical difficulties of the Canadian big-bank online brokerage websites (TD Waterhouse is my cross to bear). Is it because they're cheaping out on maintenance/development? Can anybody explain it??
@JamesKwantesTrue enough on #Mongolia and #Russia@MiningBookGuy - it's not dissimiliar to Canada's relationship with the U.S, the minnow and the whale. There may be differences from time to time (eg right now lol). But the two countries and economies are so intertwined that good relations -- or at least a working relationship -- only makes sense. Will add that it's a principle apparently lost on The Donald when it comes to Mexico
@rangerbentman@JamesKwantes each month I go into the bank I see a new teller and as I glance around the investment adviser rooms they are occupied by strangers . No one seems to have full time jobs at the bank and I suppose that is the same with maintenance .
@JamesKwantesThere's been a lot of hacking on $SMD here, I don't speak for the company but I know their door is open and so are the phone lines if $PRG wants to line up a buyer for a big block. SMD would prob prefer that, actually. That said, they aren't whacking the bids or selling vindictively as they trim their 31% plus stake, contrary to some of the commentary. They stepped up and financed Precipitate in a crappy market and I don't see how a public pissing match is productive here. What am I missing?
@cbr@JamesKwantes I did some math so you can understand the uselessness of $SMD's trimming. Since August 2016 $SMD made 31 sales averaging 70K shares. If they continue trimming their position to get let's say to 15M shares they will need to make another 100 sales. Do you still think that it's us that are unproductive here? "They stepped up and financed Precipitate in a crappy market" sounds like some "Good Samaritan" story. They financed because they wanted to make money and they should have thought very carefully before acquiring 30%-plus position in a company.
@HRA-CoffinHacking is a bit strong @JamesKwantes. @Andrew is free to voice whatever opinion he chooses and he's not the only one who's frustrated. I get plenty of email on the subject believe me. I don't disagree with the fact $SMD was good to write a cheque when they did and, yes, the ultimate intent is to make money on it. It wasn't charity and I for one would have been happy to see them not exercise their warrants. It's nice for PRGs treasury that they did but it puts them in ta tough position when it comes to being able to sell. Don't think I don't sympathize with their situation. Selling the way they are will make it much more difficult for PRG management to engineer a cross if that is what they want, though. There's a right way to do that. That's not a hack. Just market common sense. I'm not speaking for management either James. I was merely responding to Andrew's completely understandable frustration. That said, the SMD crew are explorers and if PRG makes a discovery I suspect they would sit back and see how things turn out, not sell into volume immediately. They've been in that position themselves enough times.
@JamesKwantesFair enough, guys, and I was not targeting @Andrew with my comments. Nor am I trying to silence anybody @HRA-Coffin, and I get the frustration of PRG shareholders. $SMD ain't the enemy here though. In my books, comments like "stupid" "idiots" & not knowing how the market works are hacking. The $TG spinout puts the lie to the latter point, anyways. And acting against their shareholders' best interests is one accusation against SMD that just plain rings false. They're PRG's largest shareholder and a rising tide would obviously be in everybody's best interests here. From latest results it looks like they're on that path - I wish them well & I'm sure the SMD crew does as well
@cbr@JamesKwantes Let's get some background first. I'm an individual investor that holds a sizable position in $PRG common shares. Even more than some of the directors of the company. So I think I have the right to express my concerns. And I'm not speaking for management either. The fact that you come in targeting me (your words not mine) and calling my comments "hacking" demonstrate that you're way out of line here. Who do you think you are? I wonder whether it has anything to do with the fact that you're getting paid by $SMD to promote their story? Anyway, I'm not interested in your opinion at all and I advise you to stick to your job of writing the next promo instead of calling names and trying to silence the concerned shareholders.
@JamesKwantesDeep family connections to the mining industry for #millenial CEO Dylan Wallinger of new #Yukon gold play Trifecta Gold. Both of his grandparents worked at the Yukon's Faro lead-zinc mine, as did his parents. His great great grandfather was B.C.'s gold commissioner. Wallinger's gotten a taste of discovery himself - he split the core on what turned out to be ATAC's Osiris discovery hole in 2010
@JamesKwantes@Daniel my TG shares were in there the next day (Waterhouse), pretty sure it varies widely depending on brokerage. My $SMD shares on the other hand are frozen, I think it's because of a new QUSIP #
@JamesKwantes@Barry_R if it's the "resigned as a partner" bit, Archer Cathro is the geological consultancy affiliated with SMD. Doug Eaton is the principal but there are several partners (typically young geos) and Wallinger was one of them. TG is his f-t thing. As for "White Gold," using it in the district sense. Bit confusing since the launch of White Gold Corp. Hope that helps
@JamesKwantesReally @RocketRed? $ERD assays in just the past 2 months:
- 80m of 6 g/t Au
- 56m of 6 g/t
- 108m of 2.8 g/t in a stepout hole
Not sure what "metre of high grade" you're referring to, but I guess we do occupy different worlds!
@JamesKwantesAt the risk of beating a dead horse, how do you like 41m of 5.17 g/t Au from 40 metres depth @RocketRed? Very consistent high grades even when you take out the highest grade intervals (BKD-90 announced Jan. 10, 2017). Just making the point that Erdene is a junior that made a big discovery, contrary to your statement implying there haven't been any