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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.
@Brent_Cook@newton Good question on missing stories and would be interested in rest of panel response too. I am OK missing, hate to do it, but in this game rule #1 is don't lose money. If I want see what I need to see in the data, I will pass. Others?
@NewtonAny comments on Avino $ASM? Some uncertainty about long-term production profile because old mines, but seems to have nice pipeline of projects. Old company, curious if any prior experience with it.
@NewtonI would also ask about $ANX. Any comments? Tough little producer out of Newfoundland. Bootstrapping to find next source of ore. Related question: any comments on using nearly end-of-life mines to fund exploration?
@NewtonLike @hra-coffin comments on $rri. I talked to JM a bit at #mif and laughed when he told me company posted a profit last year from selling shares of partners. Unique for junior and speaks to Riverside as well-managed.
@greg@Newton;I am holding through the 1st several quarters of production to see if grades are consistent, because if so, the naysayers "nuggety" types are wrong (at least early on), and Pretium gets bought out for a nice premium, or no-one buys it and shareholders own a tier 1 asset and enjoy a rising share price. If bad news, run for the exits.$PVG
@Newton@greg I don't know much about $TKX other than first encounter at #SubscriberSummit back in fall 2016. Company seemed to have business together, which is important when market potential is so large. Keep digging and let us know what you find!
@NewtonLooks like an example of public markets, to me. Someone wanted to sell and they did. Buyers were ready waiting but outside normal trading range. Pretty sure people who got filled down there are pleased with the transaction. Fundamentals of company better than ever based on my conversations with CFO, which are all available here.
@NewtonThis reminds me of a comment by @Goldfinger in conference call last month about "how often to look at your stocks depending if they are trades or investments". Hint: don't watch the tape if you're holding for years. I would go further and suggest it is reasonable to post orders on both sides of market for stocks that you are committed to. Be careful with size of orders so that you don't buy too much or sell entire position, but think of them as 'sticky orders' and leave them unchanged for couple weeks. Not advice, just an idea for strategy. Thinking behind it is that these are fairly illiquid stocks and stand to reward those who increase liquidity.
@NewtonDon't let them shake you out of the tree @TomWallace. Has been a wild ride so far and it will continue. Greed, fear, and panic. I can offer one reason to not buy more: you may have too many shares already. I don't know if that is the case for you, but it is always something to be careful of. Losing sleep and all that.
@NewtonWhat a saga. The #rareearths seem to be getting back in play with #Trump politics and the $HRE story is not well known enough. I would be curious to know if/when Kyrgyz sell the licenses to someone else. Let alone if/when $HRE will get paid!
anonymous@bmonaghan if $aan agreement is the same as oil and gas companies operating in Egypt, then those agreements such as Aton is its own law. These standalone laws cannot be changed by other laws, which means your suggestion that the changing Egypt's mining law will mean a change to $aan agreement is not correct but there is a concern what you and @newton have been communicating to investors.
@ad.s@Newton at the end of the day, for the shares to appreciate, potential buyers need to get comfortable with valuation and see the value. Right now, from people I talk to, I hear uncertainty concerning growth in deployments, as well as uncertainty in how to value. At the end of the day, IT IS a new model. I believe if potential buyers get comfortable with the idea that there is growth in deployment that can allow reinvestment of Canola cash, that there is growth in Net Contracts after accounting in terminated 6 year contracts, then inevitably the business is worth a premium valuation.
@greg@Newton, and other interested parties. I spoke to their $TKK IR person Thursday. Their primary focus is software sales, and their goal is to get out of hardware sales which are lower margin items better suited to 3rd party sellers. Majority of revenue going forward will come from monthly fees from deployed software, with margins going from 50% to 90%. Deals in place for early stage implementation/trials with Pepsi vending, Frito Lay, Carvana (used car network) and a re-seller agreement with ALL Pretium in Mexico. Their balance sheet is showing yearly losses and a one time charge, so these new deals will take awhile to show and change the revenue picture. 17 M shares came free trading in 2016, hence the drop in price. Looks like the share price is stabilizing now in the mid 40's. More DD is warranted, this particular piece of the IOT sector has a lot of upside.
anonymous@bmonaghan, @newton. Your response about the golden triangle did not really answer the question. So I will ask again... if $aan agreement is the same as oil and gas companies operating in Egypt, then those agreements such as Aton is its own law. These standalone laws cannot be changed by other laws, which means your suggestion that the changing Egypt's mining law will mean a change to $aan agreement is not correct...