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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.
@Andrew$R Red Eagle Mining is taking it on the chin once again today. Another new 52 week low. I wonder if Stracon GyM is the same one selling their shares? I believe at last count on SEDAR they had approx. 10.5M shares remaining.
@Andrew@tinybullstocks My previous post was not an insult. Your interpretation of my comment is incorrect. Best of luck to you though as I believe $IRI is one of those lifestyle companies that JK may refer to be.
@AndrewFrom the 17 January 2017 news release from the 2016 ore production stope delineation drilling , "The 10,000m programme was drilled from eight pads spaced over 300m of strike length. 107 diamond drill holes (SRD-0001 to SRD-0107) were drilled on approximately 15m centres from near surface to a vertical depth of 160m from surface."
I believe the drilling would produce more representative numbers than the FS Reserve numbers. $R
@wannabeinvestor@Andrew, yes, especially if you consider this bullet from the presentation about San Ramon -- 'Over 3,000 historic adits and
100 surface mines mapped' Surely there's lots of gold in the area, that must have been the understanding on which this whole mine-building project and investment by Liberty was predicated.
@HRA-CoffinProbably sooner than mid-July @Andrew. I'm pretty sure the planned holes on the main grid are done now, or really close to being done. They have to hump everything over to the new camp/pad location which takes a few days but not much longer. I assume the drill will be turning again in a week to ten days maybe. $PRG
@HRA-CoffinI think $PRG management is pretty happy with the trenches yes @Andrew. Obviously, you would always like to get boomer assays but I think they were just relieved to get strong anomalous numbers across good widths in several trenches, and they were interested to see a good trench in part of the GR zone that didn't have much of a soil anomaly over it. They know from the main GR area that you don't necessarily get high grades even right on top of higher grade area at depth. There's nothing amazing at surface above the discovery hole for instance. $PRG
@Andrew@HRA-Coffin Now, if only $SMD would put a 1 year freeze on selling any additional shares of $PRG the company may have much greater impact upon the announcement of an eventual discovery. (Another one anyway).
@Andrew@HRA-Coffin That is a scenario that I hope comes to fruition in the future, but I have a feeling it will take another discovery to hopefully bring in another partner who will buy all of their shares. $PRG
Jeff Wilson@Andrew@HRA-Coffin regarding the $PRG NR today and ongoing and follow up drilling, we ($PRG) will be moving the rig from the main Ginger Ridge zone to the new East zone in the coming days. There may be a bit of time allocated to prepping up paths to drill sites and an interim camp but I expect drilling here to commence relatively soon.
@AndrewI believe $NVO may hang around these levels until sometime in late August when the new resource estimate may likely be released. Then onwards to the PFS, which I believe may be released in November.
@AndrewNot hacking just stating what is going on with the selling. I realize $SMD stepped up to the plate in a big way to support $PRG in the past. Perhaps in the future the companies management may get together to determine if a sale of a number of shares to another buyer is appropriate.
As I am a retail investor and a shareholder, I choose to voice my own opinion on a few matters in this type of public forum. I am certainly not speaking on behalf of any management for any company. These are just my thoughts alone.
@HRA-CoffinHacking is a bit strong @JamesKwantes. @Andrew is free to voice whatever opinion he chooses and he's not the only one who's frustrated. I get plenty of email on the subject believe me. I don't disagree with the fact $SMD was good to write a cheque when they did and, yes, the ultimate intent is to make money on it. It wasn't charity and I for one would have been happy to see them not exercise their warrants. It's nice for PRGs treasury that they did but it puts them in ta tough position when it comes to being able to sell. Don't think I don't sympathize with their situation. Selling the way they are will make it much more difficult for PRG management to engineer a cross if that is what they want, though. There's a right way to do that. That's not a hack. Just market common sense. I'm not speaking for management either James. I was merely responding to Andrew's completely understandable frustration. That said, the SMD crew are explorers and if PRG makes a discovery I suspect they would sit back and see how things turn out, not sell into volume immediately. They've been in that position themselves enough times.
@JamesKwantesFair enough, guys, and I was not targeting @Andrew with my comments. Nor am I trying to silence anybody @HRA-Coffin, and I get the frustration of PRG shareholders. $SMD ain't the enemy here though. In my books, comments like "stupid" "idiots" & not knowing how the market works are hacking. The $TG spinout puts the lie to the latter point, anyways. And acting against their shareholders' best interests is one accusation against SMD that just plain rings false. They're PRG's largest shareholder and a rising tide would obviously be in everybody's best interests here. From latest results it looks like they're on that path - I wish them well & I'm sure the SMD crew does as well
@Andrew#feedback Question for you on $SMN trades visible on CEO.PRO. At 09:27 there was 1 additional trade for 182,000 shares from Haywood to Haywood. It did show up along with the other trades at 09:27.
Now the 182,000 share trade does not show up in CEO.PRO trades. It currently still shows on the Stockwatch site for example although they show 10:27 EST. (I am 1 hour behind EST in Mexico so this is why my CEO.PRO trades likely show 1 hour earlier).
Q. Why does the 1 trade for 182,000 shares no longer show up on CEO.PRO?
@murat@Andrew excellent catch. looks like that trade came in, and then got deleted. we are looking into it. it may have been an explicit delete sent to us by the exchange, however we're confirming what happened to make sure we didn't mishandle the data