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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.
@MadeOfRubberI see this as a long term hold personally but hey, what do I know. I think it needs new hands to come in and help lift the share price, this NR should help. I've been adding on the dips. This mgmt team is awesome.
@MadeOfRubber@Pete I've been watching intently for a pullback too. Pamps said he sees it lowering to test support levels, I don't want to hope for that as it affects shareholders but I would love to get back in at a good price point.
@MadeOfRubberTo me it seemed to be about focusing efforts and resources on the 'right' things (in mgmt's opinion). We prob disagree due to market sentiment currently being positive around lithium (thx Tesla) while also trying to make a quick buck but maybe the agreement was bad or the property poor. Certainly looked like a bad deal since it required dilution.
@MadeOfRubberPerhaps its too early and we are being impatient. With this higher $gold price, really, this is more profit for $R so I don't understand either. Saying that when gold tanked, $R kept consistent so perhaps this is just karma. It will be interesting to watch the next couple of months as we enter traditional gold season.
@MadeOfRubber@TheLip2 I only got 5k in shares before it jumped, took me time to clear some room, by the time I was done the 28-30 cent opportunity was gone. Murphys Law. Still great fundamentals at this price from what I'm reading; thx @pamplonaTrader for breaking it down for us.
@sihv@MadeOfRubber Yes, but for the fact that $PE promised a PEA in August last year and still have not delivered nor informed the market why. And that whilst buying new pieces of land to explore..... It may have bottomed but IMHO it will not move up any time soon either.
@MadeOfRubber@chatyak That was me yesterday, I had to take some profits (got in quite early) to lower my average in some losers I was carrying for a year in order to prep blowing them out. Also saw another opportunity I want to get into. I'll be back in ABR in the next couple weeks once things settle. You know the saying.. "go away in May.." so just prepping ahead of time.
@sihv@MadeOfRubber Wow, you got a reply! I mailed them twice and also twice through their web-site interface last year. Never got a reply. But then in their presentation in August the said September, and in September they said October. Then it got quiet and they bought the Cypress ground (good move I believe) but then Cypress bought some ground north of that and they went into a JV... Then earlier this year PE bought some Argentinian land... IMHO signs that indicate that the PEA may not be all that positive. But as they are now responding to e-mails maybe things are getting in place...
@MadeOfRubber@sihv Thanks. I wasn't that surprised most of the time they respond within a week, that was quicker then expected, always a good sign. Most of the Vancouver juniors are a stones throw away from my office so I could always take a walk if my investment was big enough =)
@MadeOfRubberOn second thought I understand sentiment in Columbia is poor and there are some issues to work out but $R has done a stand up job from day one so that's what I meant by it not making sense.
@MadeOfRubber@Rumi agreed on all points. Deflection on their part knowing employment costs are going to go up along with admin overhead. I agree with $JET release that if you're not built to operate as a low cost carrier you will probably fail or bring down overall revenue.
@MadeOfRubberHope nobody has shares with Shaw Communications :) Major Internet, Phone, TV outage Canada-wide. Our office recv'd about 20 calls in 5/7 minutes of the outage starting. Got to love small business IT support.. #passthebeer
@poolman@MadeOfRubber I lived in AK many years ago and the comm dishes were pointed quite low to the horizon to the sat in stationary orbit and when the sun would get behind the sat the signal would be overtaken by the noise from the sun.Not sure its a problem now with more powerful sats.