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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.
@BDMinefinder@tommy be brave, screw the mining hall of fame, create your own CEO hall of fame award and award it every year at your conference for the poster that helped CEO.CA participants make the most money that year. I think both @PamplonaTrader and @ocotilloredux would be candidates and you can have your users vote in the weeks heading up to the event. It would be fabulous and increase the profile of CEO.CA. Who cares about the mining hall of fame or as my buddies refer to as the dead miner awards dinner.
@cole119@oljenks seems you have legitimate questions and interest in $NXE. It would be prudent to read this channel back as far as you can, paying particular attention to posts by @PamplonaTrader, @BDMinefinder and @ocotilloredux. Many other quality posters as well - too many to name but you will get an idea. Since it's a quiet day as far as trading goes (for $NXE anyway), now is as good a time as any. I'm not a professional trader. Just a long term investor heavily vested in Nexgen. Reading an hour might help you decide if you should consider adding to your position today before market close. This could prove to be short lived dip in the price as we get closer to the Resource Estimate update. Good Luck!
@speculatorIm not with $nxe ... especially from dec to june. The problem now is " we are in th realm" @bdminefinder has described this as " once in a generation opportunity " i cant make these gains trading. Im not fking this one up
@speculatorIts just what i think, im pretty green when it comes to exploration fundamentals. its just my personal analyisis against previous projects. Lots of suitors are kicking the tires on this thing. Know one knows who is going to buy $nxe. If it even sells. Liegh is pretty adimit that he will take it to production. There ar far more experienced members on this forum that can give you better answers. Read @ocotilloredux, @BDminefinder, posts and @pampalonatrader post. I follow this forum because of the experience that they have. Im just a retail guy riding the coat tails of people with more experience than me
@PamplonaTraderAlso, we know there is lots of potential energy from buyers watching from the sidelines. We know index and generalist funds are wanting to hoover up 15-20M shs once cross listed to the NYSE. Just a couple days ago @BDMinefinder was saying hedgefunds were blowing up his phone looking for large blocks of shs.
@BDMinefinder@zeus - Good guess, but Warren Irwin was not referring to GPM Metals as you suggested. He said he was picking up shares in another zinc company, since he is an insider in GPM, if he was buying those shares, you would have seen the insider trading reports and there were not any.
@tommyI connected with @BDMinefinder today and sounds like he is making a play to be the next Paul Getty with a private oil deal with risk and scale. I'm also excited about the oil sector to the long side, after mining valuations have come up a bit. Good people in the oil patch don't have the premiums they used to.
@lukejacksonthat #subscriberinvestmentsummit interview with @bdminefinder really resonated with me. "Most of these mining companies aren't worth a lot at the bottom" - $NXE + $TK proving for vast amounts of retail speculators that you can piggyback on the work of others, successfully, without having to "play the game". Quality has done well here on CEO.ca. I find it really worth considering whether some of the stuff in my portfolio has the potential to be mine. If not... might be time to punt it.
@BDMinefinder@leni - Comparing Neo Lithium to NexGen in any way is frikkin ridiculous. Let's start with the country, Argentina versus Canada. No comparison, ask anybody who has tried to do business in that highly corrupt country. If Neo was in Northern Saskatchewan run by guys as solid as Leigh, then we can start beginning to think about a possible comparison. I watched Waldo's mistakes in his last lithium company and I am not convinced yet that he will not make them again. I hope Waldo proves himself with this one. Infrastructure? Anybody ever look at where Neo is located versus how close NexGen is to infrastructure, workforce, water, power, roads, etc. etc. Am I the only one that thinks a comparison is nonsense? $NLC
@Leni@BDMinefinder thanks for the feedback. I really like NexGen and am a happy shareholder. My comparison is that I believe Neo's 3Q project is going to be among the best in the lithium sector, as NexGen's Arrow is one of the best, if not the best, in uranium sector, nothing more.
@BDMinefinderI can assure you there is a pretty weak management in place at SolGold and Ecuador is a risky place to invest. These are two reasons I don't tell the world about SolGold. NexGen is far superior in terms of management and jurisdiction, that is why I had no problem singing their praises. Ecuadorians have a bad habit of screwing mining projects up..... I remember the Aurelian days.
@BSDon't look too much behind it. He doesn't feel as comfortable publicly endorsing Solgold as he did with NexGen. Because he doesn't want people to rush in without doing due diligence, and then if the shit hits the fan for whatever reason, to blame him for their losses. He obviously likes the discovery, otherwise he wouldn't own 4%. But Ecuador isn't Saskatchewan, and historically Ecuador has been a very politically risky place. If you don't understand that, maybe you should do some due diligence on that aspect of resource investing, before actually putting your money to work.
@BDMinefinder@jmm. Dude, you don't think I am very aware of what is going on in Ecuador? Can you name an operating mine in Ecuador? Same geology as Peru, but few mines, what does that tell you. Ever hear of Aurelian? We sold it for billions less than it was worth because of bad politics. Prior to the previous president, they didn't have a president finish his term for years. See what they have done to international oil companies? This crap doesn't change overnight nor do politician's attitudes about their country's resources.
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@BDMinefinderA little piece of legislation provides little protection without political will. Do you believe what Argentina is saying about mining?
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@BDMinefinderOn management, I have been investing in juniors for decades, so I think I know a weak management team when I see one.
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@jmm@BDMinefinder Thank you for taking the time to address my question. I have no preconception about your knowledge about mining or the region, I just sought to understand your argument.
Your points are well taken. However even with the existing corruption that seems endemic in Latin America, and the tendency to be governed by despots and dictators, Ecuador has managed to attract some FDI in part due to the infrastructure investments done by president Correa. Elections are coming, and the risk may be increasing due to low oil prices and the politics in the region, but I just do see them doing something dramatically stupid in this sector in the next few years.
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@teevee@jmm, Correa aligned himself with Hugo Chavez and is at best a socialist. I believe Correa will "socialize" any mineral exploration success and attempt to develop. You can check out any time, but your capital can never leave. https://www.youtube.com/watch?v=lrfhf1Gv4Tw+
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@jmm@teevee you are correct that is how he got elected, however Correa did not nationalize the industry and did not removed the dollar as the currency. I expect no major changes in policy but time will tell.
If you ask people in the region, almost everybody (with exception of Maduro) recognizes that Venezuela is a failed state and no one wants to go there, not even the left.
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@BDMinefinder@wannabeinvestor - hearing very similar things from senior contacts who have personal contacts in China. Basically saying they will be unable to make public projections on reactor builds. Constrained on many levels. @ruleofmining - I was waiting to hear from other people what I had heard from my sources before I wanted to share what I heard with fellow posters. The info seems to be coming from two distinct and credible sources from China.