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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.
@Tim_Oliver@Redsoxfan - that sounds fabulous. Get a place out in the forest. Put up some panels and a wind generator. Rig up one of Tesla's power walls. That's what I did and I love it. Except I have lead acid batteries
@RedsoxFan@vancity "we will never see $60 oil"....I recall Dennis Gartman saying we wouldn't ever see $44 oil in his lifetime....zerohedge had a humorous post asking who was long Gartman CDS....Never say Never
@PamplonaTrader@RedsoxFan. No, I am saying a bunch of ppl I've spoken to have already decided to sell their spinco shares to buy more $NXE or buy other stocks in Lithium/Gold. If that is the sentiment, why would $NXE want to distribute the spinco to shareholders? They are better off keeping it and waiting for sentiment to improve, either via results or by way of improved market conditions.
@RedsoxFan@tim_Oliver I saw him at a book signing at the Barnes and Noble in Rockefeller Center in the early 2000's. Many people in the line, many more came out...not even to get in line, but to just get a look at the Champ thru the windows....says a lot in a jaded place like NYC.
@PamplonaTraderI also wanted to share a comment made by @RedsoxFan on my PTCharts private channel the other day... I understand a certain newsletter writer expressed distaste for the $60m debt deal:
"it just boggles my mind that when NXE has the real potential to pull up a core sample implying 10-40mn lbs of U on a somewhat regular basis, that people get their shorts in a bunch about $60mn of debt. For Pete's sake, the cost of the debt can be covered by ONE hole, especially as the project continues to derisk and move forward. Pretty absurd if you ask me. I think its ego more than anything else."
@RedsoxFan@bulava don't forget "Raw" and "Delirious" two movies released in the 80's that I believe were filmed while his stand up act was on tour. Really funny stuff....and with the PC brigade being what it is today, he could "never" perform an act like that without getting banished by the main stream media today...
@NewtonGood work on #content tonight team. @dirkdiggler that article from atom egoyan cool -- Victoria connection! And @redsoxFan love the maiden. Caught last songs of hip set and was great. What a time to be alive!
@RedsoxFanQ: how come we only hear stories about the London Whale and Nick Leeson when they lose money. A: Because when their outsized risk positions make the bank money, its rolled into quarterly earnings and the CEO takes credit for being really smart and effectively executing on his most recent strategic initiatives...
@RedsoxFan@cautious.Now looking broadly at U.S. history, each generation thinks they're trailblazing new things (fantastic short book I once read in grad school was called "the Victorian Internet"). Same holds true for politics: Its never the "best of times" its ALWAYS the "worst of times". In the U.S., the elections were dicey immediately after the Revolution, around and after the Civil War, etc etc. The same vitriolic opinions were being spouted in the press - whatever the medium they happened to be disseminated in. Someone ALWAYS threatens to move to Canada - which I don't get, because I think it would be a great place to live, and I mean if you want to go there, go there. I agree that things look dicey and there is a lot of uncertainty. I still say the most interesting ticket would have been a combined Trump Sanders ticket (outsiders vs. insiders) - not saying outcomes would be much different after four years - D.C. has a way of "capturing" people and there is obviously significant inherent inertia built into the system in the U.S. at least, but....The more things change the more they stay the same. The Dude Abides...
@RedsoxFanSorry for the ramble, I guess I'm saying I'm not throwing things over the side and going to cash ahead of the election. I have some dry powered and am looking to add if things get to more compelling valuations....
@RedsoxFan@Ridethebull I think a suitor's acquisition price would likely be for Arrow, with the remainder of the prospective properties packaged into a spinoff vehicle for existing shareholders (how else to put a price on these with an undoubtedly wide bid-ask spread between buyer/seller). Much wiser minds than myself have suggested this for some time, and we've already seen NXE put some non-Patterson lake area properties in a separate vehicle in the last month or so.
@RedsoxFan@wolff I've been wondering if "rush the assays" was in response to pressure from South32. It has been said here some time ago that Ian was a difficult negotiator and that South32 was not given any opp to jv on Sequoi. Some have argued that they signed the deal they did (including $NRN getting to keep the tax bennies of the South32 expenditures) in part because the RFR gave South32 an "in" on Sequoi. Now we have seen both sets of results, Huckleberry and Sequoi, its possible that South32 is revisiting their 2017 spend plans in light of these results and Ian is putting a "rush" in, not as a pump (because the rush costs extra $ what benefit would there be to do this at this point, as they need to be mindful of cash?), but because maybe South32 is reconsidering their commitment on some level? For example they have a minimum spend to continue, the rush could be to influence minimum vs. more than minimum spend (or keep them to minimum spend?)
@RedsoxFan@nlepan and then the US had a parabolic rise in middle age people going on "disability" to bridge the gap to retirement, something like 94% of jobs created under Obama were part-time service jobs, and his admin cooked up the bogus "saved or created" - without ever explaining the model they used to derive "saved".
@nlepan@RedsoxFan I agree, the quality of the work is something that is not being addressed, the rise of the precarious economy, more free lancers, and more odd jobs, but it is an economy in transition, it is a very disruptive age, and things have yet to settle. I agree the numbers can be a bit wonky and manipulated but I still feel that despite everything, there were no line ups for the soup kitchen, or roaming hobos looking for a jobs, albeit at the creation of a massive expansion of credit, we will see if we can ever pay that back. I have hope, they paid off WWII, so I think the US has got this.
@wolffTY @RedsoxFan -- I suspect there is a lot of data re-interpretation going on at this point based on the Sequoi drilling. South32 is still looking for another Voisey Bay, and the Sequoi results are driving them to a different deposit model at least at Sequoi. I think they should waited on the assays if they thought their was Ni / Au gold there in any quantity to reduce they neg impact of the overall drilling at Sequoi. By delaying the results they created the potential for 2 bad news releases. Ian probably felt pressure to provide some good news - I don't think they rushed the results for tax pennies, and I don;t think South32 is re-visiting their investment - but Ian is certainly in a weaker position than he would have been had they hit a couple of zones of mineral rich massive sulphides. I remain long on this but will certainly derisk at >10 cents
@BruceWayne@redsoxfan if this thing is truly in early stages, then by the 7th inning I'll be looking at buying a steakhouse. The productions cuts in Kazakhstan are just the first signs of high cost producers getting squeezed. I am bullish on uranium, but am only keen to own low cost producers or juniors that are economic at these levels. Similar market in the oil sector, and you can see the cream rose to top while high cost, marginal deposits are still languishing
@RedsoxFan@marshhawk my understanding (and I believe the info is out there on this) was that at least under Steve Chu during Obama's 1st term, the energy department transitioned from a predictable schedule of U sales to less predictable dumping....