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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.
@bulava@poolman@pamplonatrader - i remember those SH debate days. I was furious at pamps because...he was right and I didn't see the multiple problems with FCU (edit - and into NXE). Think it was a life-changing PM chat with Pamps that June 2015 which got me out of most of my FCU. Unfortunately the rest went down the pipe with that DML debacle in July. That conference call and the subsequent shareholder meeting you refer to @poolman was quite simply amateur hour.
@bulava@highROI - true, but this time $NXE won't be as such as 'surprise' to other investors with RE#2. The Big money (and the party hasn't started yet) could/would additionally move sky high on the indicated pounds and a possible NYSE listing. Won't be many shares available if you are desperate to buy them at that point, IMO
@DJS@bulava The WYD013 hole looks like a nice hit, but I agree it wasn't worth a halt. Look at how $GQC handled its announcement of a much better hole about a month ago – no halt and simply issued the press release well before market open. $SSP
@MiningBookGuy@Wannabeinvestor@Finanzr - good thoughts here! wish i bought a bit more $SSP, but i really like this news for the reasons you're describing. i am pretty sure i said something comparing $SSP and $VIT in a skype session i had with @thenextbigrush and @Jayfire, but i don't think that section was published. in any case, i do like comparing $VIT to $SSP, because i think $SSP was a far better value at the end of last year if you were willing to take the additional #geopolitical risk, and believe that they could find these high-grade satellite deposits. not to take away from $VIT potential (which is perhaps the better #takeover candidate in the short-term). but it made for an interesting thought exercise for me, and also how both of them are not just #optionality, but 'near-optionality' plays (as @bulava is saying), likely only requiring gold to go up ~$100-$200 for massive changes in the economics. that's my favorite type of #optionality right now!
@JKMD43@bulava Re1 only included 82 holes and was missing November/December 2015 drill results at which time NXE drilled some of the best holes to date at Arrow. Re 2 should have November/December 2015 + approx. 73,000m of 2016 drilling.
@ocotilloredux@bulava Not a buyout target since I am sure Glencore will have exclusive rights to all the concentrate for processing. This would be the only reason someone would want to buy them out. Looks like Glencore is still repairing the balance sheet with this deal and Trevali becomes the new Breakwater for this commodity cycle. As I have mentioned in the past (Module 5), the majors tend to dump the mines, when their is roughly 5 years of ore left, to a junior.