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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.
@MiningBookGuy@PamplonaTrader@Daniel - i was starting to get interested in $RVL, but was very disappointed in the last NR: @marketwired/revelo-provides-update-of-the-drilling-at-the-montezuma-3fee4
unless i'm missing something, this quote from the NR says a lot:
"[JV Partner] Newmont drilled a total of 8,591 metres in 20 holes and tested a total of 10 targets.
Based on a recent site visit, and a review of the data provided by Newmont thus far, no significant results have been reported to date from the drilling carried out. Some analytical results remain to be reported."
i'll still follow as well, but no rush to buy.
@MiningBookGuyi don't own $CEM shares anymore. i'm skeptical of near-term catalysts, and been disappointed in the last couple years.
wasn't planning to give my thoughts. but comments a tad too positive on this one, IMO. only clear positive was monetizing a non-core asset. it's a real positive, but has nothing to do with Palmer. i understand the "buy something #zinc that hasn't moved yet" play. but i recommend people call management and figure out the 2017 plan if they're looking for more than a really quick trade.
@PamplonaTraderHere is what matters: Dowa completed 49% earn in by spending US$22m, $CEM with remaining 51% has a fully diluted EV of US$9m + $2m cash call. Also pending strategic review of gold assets. #zinc@MiningBookGuy explain "tad too positive". Also, not just "buy something #zinc that hasn't moved yet". I have actual fundamental reasons to buy, unlike those pushing pretender zinc stocks.
@MiningBookGuy@PamplonaTrader - you know as well as I do that it's not just about lbs. To my understanding, $CEM is around 7-8 million tonnes, maybe just making the threshold for a mine.
i think to use a ZnEq comparison for $TK$CEM is just as dangerous as trying to compare a ~200k+ oz/year gold project with a ~50k oz/year. This is not apples to apples, but most of know that a 'small mine' for any commodity should be proportionally less valuable.
in addition, no one has shared $CEM's 2017 plan. @PamplonaTrader, did you talk to management recently? I'm interested to hear what this year's plan is. If anything, management has been too quiet. too few NRs.
lastly, i'm surprised you say i've 'developed a negative bias'. the important point here is to not assume apples-to-apples comparisons across the zinc sector. I don't know much about $TK. But I know that $CEM is a different animal.
Again, no one has said anything about management's near-term plan at ceo.ca yet. But some people are talking about buying without any further DD. that's dangerous. #zinc
@PamplonaTrader@MiningBookGuy You know as well as I do that it's not just about tonnes, in fact you ought to know that the less rock you move the better.
Palmer with ZnEq grade of over 12% vs Ayawilca with ZnEq grade of closer to 7%. A closer analog in terms of grade is $FOM's McIlvenna... which has recently rocketed 100% on no news and despite having no funds.
Also, what are your thoughts on Dowa paying US$22m for 51% of the project and $CEM having a fully diluted EV of $9m for 49% of the project? There seems to be an arb opportunity there and a double doesn't seem too crazy. #zinc
@MiningBookGuy@PamplonaTrader - "in fact you ought to know that the less rock you move the better"
$FOM far more advanced that $CEM. In #Saskatchewan ...not necessarily better than #Alaska as a general jurisdiction. But FAR better for the specifics--around excellent infrastructure, Flin Flon belt completely proven. Alaska is USD, not as good right now. But most importantly, the point @RocketRed made about local community issues.
This is not a dealbreaker by any means. But you're the one that keeps bringing up these comparisons that aren't apples-to-apples. $FOM has a lot going for it that $CEM doesn't, and $CEM is far more dependent on near-term discoveries.
I am fully aware of the excellent deal that $CEM pulled off with Dowa. In 2014, $CEM had some awesome drill results. But look at 2015-2016, and you tell me if there was anything to get excited about with the millions spent by Dowa.
Again, this is more about people doing proper DD on $CEM, rather than simplifying and trying to make $CEM seem directly comparable to $FOM, $TK, etc because of a #zinc component.
$CEM could work out great! But I think it's very healthy to be skeptical. And if anything, the smaller the company, the more important it is to talk to management. This rule definitely applies here.
@MiningBookGuy@PamplonaTrader - i'm enjoying this back-and-forth. if it leads to even just a couple people to calling $CEM management and doing their own DD (and applying same techniques to other companies), i'll be satisfied :)
@PamplonaTraderOK @MiningBookGuy I don't hold myself out as some kind of #zinc expert and will concede you probably know more about $CEM. But based on the risk I've seen you willing to take in other stocks, it seems most of your disinclination is a case of sour grapes. Technically (engineering) and fundamentally, @ocotilloredux has already endorsed Palmer as a deposit that works... without accounting for any resource expansion. I am inclined to follow his guidance.
I've made my position known.
@bullmarketmoveThanks @MiningBookGuy and @SFtrader totally agree that this book is essential reading. It's probably more useful for resource investors as the 'hold and sit tight' approach is needed to play out an entire cycle. Any other good books that are in the same vain? #books#JesseLivermore
@MiningBookGuyactually @PamplonaTrader, you bring up a critical point:
do people REALLY think they should just buy a stock because @PamplonaTrader or @ocotilloredux (or a far lesser contributor like myself) gives it the 'thumbs-up'?
maybe i'm being idealistic. but this is the antithesis of what CEO.CA means to me. endorsements are incredibly important. but they are a STARTING point for DD. i feel really strongly about that. and so when i see companies constantly pumped/discussed WITHOUT much DD (especially on the #index), it irks me.
in this particular case, i wanted to hold back because i know i don't own $CEM (and i'm not the type to pretend i own or don't own stuff for conversation). i know when i'm feeling the 'sour grapes'...and this is NOT case here. but people tend to say things like that when you're honest about having recently sold a company, and then saying something that's construed as negative.
ok, rambling a bit here. but again, CEO.CA is great because you can IMMEDIATELY continue your DD after you get an idea for a new stock...NOT because you get an idea and buy on impulse. But that's just my opinion, and i hope at least some people here share it with me. #mbgtrends
@PamplonaTrader@MiningBookGuy Thanks for the lecture but you are stating the obvious. Maybe, I should just append every post with "DYODD"?
Part of my DD process is to reach out to people who know more than me. You've stating in your videos that you are limited in your ability to understand the technical aspects of a deposit so I am not sure how else you would go about doing DD if not reaching out to people who have actually built zinc mines?
From a charting perspective though... this one is likely to break out and move much higher... just an observation BWTFDIK. $CEM#zinchttp://imgur.com/sRmt03I+
@MiningBookGuy@PamplonaTrader - not a lecture towards you. btw, it is NOT obvious that people should do their own due diligence, and i'm surprised you feel that way. Adding "DYODD" is not the point here.
there are a ton of #newbies at ceo.ca, and there's going to be a ton more in the near future.
now when you say "charting perspective", that's a completely different reason to be interested in $CEM, and maybe this is a great opportunity happening right now.
but go back to the end of my original message on all of this:
"but i recommend people call management and figure out the 2017 plan if they're looking for more than a really quick trade."
there's NOTHING wrong with trading from charts. but that's what i consider a "really quick trade" here. i will continue to pound the table on people calling/emailing and meeting up with management, ESPECIALLY for the smallest juniors like $CEM, if they're serious about speculating on the company fundamentals. for me, this is about more than $CEM, and about building the right habits from the ground up.
@PamplonaTraderAnyone who is familiar with the time I dedicate to DD will know it's not as simple as "snatching positive phrases from other Ceo contributors." To suggest such is an insult. @MiningBookGuy@rangerbentman
@MiningBookGuy@PamplonaTrader - you're being quite defensive, and i'm surprised.
i'm not sure how i'm 'minimizing' your own DD process. if others really believe this is the case, please speak up. i thought i had a very specific agenda with my posts and that @Pamplonatrader is distorting the discussion a bit now.
@MiningBookGuyand in fact, if people don't want to hear anymore about this in the index, i'm happy to take it elsewhere. i realize my posts are generally on the long side and this has been going on a while
@HRA-CoffinI think the back and forth is good and, when it's two guys with facts and grammar to back up their arguments like @MiningBookGuy and @PamplonaTrader it SHOULD be on the index sometimes. This is where most people go. New users may never see it on a sub-channel. There is a big difference between the disagreement between you two and the "Oh yeah? Well YOU suck!" version you see on lesser sites.
@VaughanI dont think @miningBookGuy is minimizing your DD process @PamplonaTrader which i think most will agree certainly has merit based on your wins. But most newbies do just buy because you, or @HRA-Coffin, @Teevee, @tommy etc etc says to buy, and THAT is not DD. Dont get me wrong, its not your problem the sheep wish to be lead, but ceo.ca can turn sheep into wolves if they let it.....
@MiningBookGuy@HRA-Coffin - i'm up for hugs! :)
@PamplonaTrader - thank you, and if it means anything, this was the most enjoyable ~90 minutes or so i've had on the #index in a while! big respect for your valuable commentary at CEO.CA.
and if there's any question: i'm here to make money, and i hope we all make A LOT of money this cycle! if this was a zero-sum game, i'd probably be a little meaner :P
@MiningBookGuy@PamplonaTrader - "If he feels the need to protect newbies from my pumping, he is well within his rights."
just for the record, that wasn't my intention either. my original response was not personalized, and actually had more to do with the general $CEM conversation in the #index than anything else.
btw, no one ever seems to want to talk about MY picks on the #index...so you're obviously doing A LOT of things right! :)
@DanielLoved the discussion @PamplonaTrader and @MiningBookGuy and agree with @HRA-Coffin ; finally some value added to the index! Can I smell the bullmarket sentiment again?!
On the $CEM topic: Aside from the obious discussed points on proper DD, I have to agree with @MiningBookGuy that their IR has not been too reliable over the past two years.
BUT; My bet is that is the main reason for why it is still as cheap as it is. The sale of one of their Gold properties prevented serious dilutiuon for shareholders
@MiningBookGuytechnical analysis question for @goldfinger@pamplonaTrader@dirkdiggler & others - anyone concerned by the 'parabolic' looking moves going on in some 'big names' right now? $IVN, $NDM$NXE are 3 examples (i own some $NXE, never owned $IVN or $NDM).
i'm just wondering if anyone is thinking warning signs...or if they actually seem to have plenty of room to run for weeks/months. i'm thinking new institutional investment would be the main reason to be bullish on any of them (besides just a positive looking chart). out of the 3, $NXE seems the 'least' parabolic, and $NDM the most worrisome...but this is based on a quick glance and my own intuition. just curious as to thoughts on these 'big names' that have made 'big bucks' for people recently. #TechnicalAnalysis#Charts#BigNames
@MiningBookGuy@2pac - no, i don't want to give the impression i think 'a blowoff top' is happening in any of these. I'm personally not touching my $NXE shares (but wish i bought a heck of a lot more). BUT, my impulses and speculating style really keep me from even considering buying $NDM or $IVN at these levels...and i'm wondering if some people would actually say the exact opposite! i'd be fascinated by that, because i get things wrong so often on the stocks that have already moved big (kind of like how @lukejackson describing selling way too early).