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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@JamesKwantes - ah, thanks for the further insights and mentioning it was a Werther! Haven't had one of those in a while...maybe it could have been hollowed out to fit a decent sized diamond in there :P
@JamesKwantesAs I was being searched @MiningBookGuy it did make me wonder about the high rollers who come through for the Exceptional Stone Tenders -- royal families etc -- and the level of searching they are subjected to. Bit of a fine line to walk there for $LUC#nobodycavitysearches
@MiningBookGuy@Alan RE: https://ceo.ca/mbgtrends?d1af13dd5825 - I'm trying to catch up on some posts. Thanks for this one!
I've seen a few of these...but the one I really want to see is "The Solitary Billionaire" on John Paul Getty. Unfortunately, it seems I need to be based in the UK to access it, at least via the bbc site (too lazy to search other methods right now)
What did you think of this one? This is possibly the only documentary ever created on the man. I didn't even realize it existed, and hope I can watch it at some point. #Getty#TheSolitaryBillionaire#mbgtrends
@bullmarketmove@Alan@MiningBookGuy I managed to watch #TheSolitaryBillionaire and like you I didn't even know it exsisted. It's worth watching if you can. For me what comes across the most is that the 'game' of building businesses is what #Getty is all about. The interviewer keeps asking about all his money and why doesn't he just stop, and #Getty replies with something along the lines of 'if I sold everything, what would I buy next?' Reminds me of a lot of successful investors who love the game more than the wealth it creates (although the wealth does help).
@JamesKwantesRe #NorthKorea -- sadly it rings true, @MiningBookGuy. I'm sure Trump would like to go to war against #Iran but they're too strong (too much of a match). Reminds me of the run-up to the second Iraq war -- replace "WMD" with "nuclear weapons" and it's the same playbook #geopolitics
@bullmarketmoveI knew you'd like it @MiningBookGuy :) And some parts are quite funny because he comes across as a very normal old man, like a friendly grandfather, which I'm sure is a bit of an act for the camera. #mbgtrends
@Alan@bullmarketmove@miningbookguy just had a load of ceo.ca emails come through. Spent the last hour catching up. #bitcoin seemed to be the hot topic! #getty is a legend in that documentary. I remember watching it late one evening after searching for 'money' in the documentary section on BBC Iplayer. My wife was totally bored. Oh @miningbookguy you should be able to hide your IP address and access it. I remember him being very to the point with little 'chit-chat'. Clearly a man that sticks by his principles and loves to save the pennies - even though he was a very very rich man. I loved his book #howtoberich.
@MiningBookGuy@BruceWayne - i still own some $AU. But have to say it's really hard for me to recommend it to anyone who doesn't have a deep technical expertise. It really does feel pie-in-the-sky right now, knowing that there are so many other plays out there with a ~100M market cap or less with a TON of drill results.
Are you thinking it could still double or triple from here JUST on some spectacular drill results from Risti?
@BruceWayne@MiningBookGuy - That's exactly what I think. It's definitely not cheap right now, and everything hangs on those first drill results out of Risti. Making it extra risky, is that the deposit style they're targeting (lode gold) likely has very erratic grade distribution - could be 1 g/t or 100 g/t within metres of each other. They won't get a good sense of it until many holes have been drilled. The old "Drill for structure drift for grade" adage. That being said, I think they've got the goods, and the valuation is appropriate for their situation. $AU
@MiningBookGuy@BruceWayne - thanks for your opinion on $AU. I would never be able to buy new shares at these levels for $AU based on relative valuations with others. But I think I have to hold my remaining shares just in case 'the big score' pans out with Risti.
Takeover potential and $BTO connection are very interesting, but not the value drivers here IMO
@MiningBookGuybtw, I'm not sure if $AU low was 0.02 or 0.025 CAD in the last few years. But either way, it's very close to a 100-bagger at these levels.
Can anyone think of other TSXV 100-baggers in the last 10 years or so (I guess off the bottom in 2009)? I'm curious about this, and maybe $AU really has been the biggest winner (not including private placements, just from market buying) in this timeframe on the exchange. #HundredBaggers#TSXV
@MiningBookGuy@anonymous - thanks, I think $RUP low was 0.02 CAD? so not quite as impressive for total move. but I hadn't thought of that one, and of course it's interesting being a neighbor to $AU, also in #Finland.
@MiningBookGuy@lukejackson - i wasn't even paying attention to this $NVO conversation at first. But honestly, $NVO and $AU have a lot in common with "the street loves a story they don't fully understand". good comment.
@MiningBookGuy@lukejackson - early-80s $FNV sounded pretty fun to me...
but I do generally agree with you on this. I can't remember how it was structured, and maybe it was quite different back then. but any 'exciting' royalty company still has 'discovery' at it's core.
@NewtonTo earlier conversation of #royalty companies being boring with @lukejackson and @miningBookGuy, I have to ask about $emx. They seem to get up to some exciting adventures that aren't just discovery-driven. Eg. Their project in Russia
BrianBitcoinBull@MiningBookGuy and @JayFire especially Thanks for the shout out in the blog. As everyone on here likes to talk about viability of any project as resource sector with any due diligence would do. If I went on every thread screaming such and such was in bubble bubble bubble. You all would harass me about not looking at the project, etc. I ask the same thing and have made very valid points. I feel bad for the Gold Bugs who have been married to their paradigm for years and called #Bitcoin Shitcoin, etc. Good for you. You are playing Monday morning QB. Where where you all $5-10 dollars on #Ethereum saying it was a buy, then publicly stating I'm up over 800% I am taking a free ride and I did it early and was wrong on that level. But I tell the Truth. Play Monday Morning QB all you want. I already won. I wish it was Gold and Uranium stocks as its a much higher % of my net worth when we started. But opportunity knocks and sometime you just say I need some skin in the game and it pays off handsomely. I 100% agree with the buy low sell high aspect. Problem is what is high and low with crypto? Everyone when it goes up says they are waiting for a pullback! As Rick Rule says buy what people hate. That is what I did at $285 with BTC in 2015 when I wrote my Masters Thesis on FINTech. I brought Bitcoin to everyone and they told me I was an idiot and it was "dead". Yes I get emotional as anyone would about being called an idiot over and over again when I have been right again and again. And be sure under $1300 I will be backing up the truck once again.
BrianBitcoinBull@MiningBookGuy Let me know when you have bought your First Crypto. Much like Mining stocks when you take the time to learn about it, its ohh shit moment and the light bulb goes off in your brain.
@joshgs@Brianbitcoinbull@MiningBookGuy. My credit card pays me to use it and bitcoin charges me to use it. Why would i switch unless I need to transfer large amounts of cash immediatly which is really unlikely. I like the concept of bitcoin and I own some alt coins. But credit cards work better than bitcoin and offer perks. if you don't pay your balance every month than there pointless. But as it sits bitcoin doesn't hold much of a purpose for the masses.
@MiningBookGuy@bullmarketmove - nice highlights from your recent #RickRule interviews!
I'll add that somehow you were able to ask Rick multiple things that I never see in other #RickRule interviews, and that is awesome in itself! :)
And specifically, it's just so interesting how Rick says he's been through multiple cycles, and it's still much more difficult for him to sell near the top, than to buy near the bottom. 2010-2011 being the most recent example, particularly for precious metals companies...for someone with decades of experience to struggle with this, it's very important for us #newbies to think about as the cycle starts to reach a mania.
I'll even add that there were NOT super-clear signals that 2010-2011 was the top. there definitely were some signals, but not as much of a parallel to 1999-2000 tech mania, which I believe had all the classic #signals.
Anyway, a bit of rambling here. Just emphasizing how valuable the interviews were, and I really appreciate this video reminder of some of the key questions and answers! :) #mbgtrends#TheNextBullMarketMove
@MiningBookGuybtw, i think it's totally ok to NOT get the 'top' just right...but it's awful if you end up with a 50%+ LOSS AFTER the top took place. psychologically, I know I would feel better selling BEFORE the top than after, even if in either case I ended up with around the same amount of money. Well, I'll actually have to think about that...hmm, thought provoking!
@bullmarketmoveMany thanks @Alan and @MiningBookGuy and yes, even with decades of experience it doesn't mean you will get out at the top perfectly. Greed and fear is in all of us and controlling it is the hardest part of being a successful investor.
@Dunite@MiningBookGuy, It would be better if MOD bought back some of their own shares taking them out of circulation. I have never seen a company consolidate shares and maintain the new share price after the consolidation. The share price has a tendency to drift back down towards the original price before consolidation. So a buy back would be better in Mod's case. The result is Less shares on the Market. Happy investors that did not get screwed by losing numbers of shares. And a higher price for those remaining shares resulting in a stronger company with more people willing to invest......
@FundamentalAnalysis@Excelsior HAHA Love Nick's videos so fun to watch believe it or not @MiningBookGuy I actually listened to the whole thing....I lost concentration for about 2-3mins in the middle but otherwise all good.