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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.
@LeonFrench President Emmanuel Macron demands centralised #EU ministery for economic and financial affairs - he's not wasting any time to implement the globalists agenda into law and order for all 27 EU memberstates and its ~800 million citizens. Btw., OECD regulations about financial transactions and our personal banking accounts are coming into effect from 2018!! #transparentCitizens
@Leon$LIT.AX voting power in $LPD.AX is 16.3%, making it the second largest shareholder - off-market takeover bid to acquire all of the ordinary shares in Lepidico has been extended to Friday, 19 May 2017. #lithium
@stateside@Leon - a long way from there. They need 2-3 million ounces from Orenada 4 which is possible (IF) they keep hitting high grade gold in those stacked veins. $AZX I said retail won't get it there - it would have to be a sale of the company.
@zadman@Leon there is no partner. The financing done in mid 2016 was to cover the cost of buying out the interest not already owned. As of today, San Diego is 100% owned by $GOG. The only problem is, you need much higher silver prices for the market to care about this deposit. Additionally, the company is basically out of cash again. The only source of cash they have outside of tapping the capital markets again (which probably isn't an option right now) is the sell the 1 million Sirios Resources shares they picked up when they offloaded one of their non core assets. All you have to do is look at the $SOI chart to see the timing of that sale isn't ideal. So here longs sit, hunkered down waiting for higher silver prices. I suspect the average speculator will lose interest and move on to something that's actually actively trying to generate shareholder value. As full disclosure, I was long but sold for break even. I do still have long dated warrants as my sole exposure to future upside.
@Leon@zadman - I couldn't delete the post after I found out exactly what you kindly have answered. $GOG acquired the remaining interest from Golden Miner [50% J/V-partner] in July 2016 and they now own 100% in the San Diego property. Comanus Rising covered them in 2016 with some good points for a long term surprise investment in higher #silver prices. Time will tell ;-) www.goldentag.ca/sandiego
@LeonRights Offering explained, "expercising those rights, and buying 1,28 shares for each one share owned, will reduce the cost of owning $SBGL. We advise those strong believers in Sibanye's undervaluation to take advantage of the situation and exercise their rights. We believe that doing so is a no-brainer as long as the investor have the needed cash to buy those shares."~ Celeritas Investments #gold#minershttps://seekingalpha.com/article/4074712-sibanye-rights-offering-explained