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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.
@FundamentalAnalysis@bullmarketmove Here is proof 2017-02-09 2017-03-25 $SRHI
Sprott Resource Holdings Inc. (formerly Adriana Resources Inc. ) Sprott Inc.
3 - 10% Security Holder of Issuer
22 - Acquisition or disposition pursuant to a take-over bid, merger or acquisition +42,918,455 0.2330 42,918,455
@NickZed$CBK ive read Giannis book "my electrician drives a porsche" and i love the copper story. However, I read somewhere that the $CBK portfolio of assets are pretty marginal and low grade. I am happy to stand corrected, if I am wrong could you steer me in the right direction please. Thanks
@MiningBookGuy@bullmarketmove - great new interview with #CollinKettell!
I had no idea that Collin has a tight relationship with Anthony Milewski. I started following him on twitter after I saw an interesting conference interview. I realized both of these guys are big on #cobalt, but no idea 'how big', and that they've basically teamed up! I'm a bit skeptical on #cobalt, though I've had a nice run with $ARL.AX. I think Collin explains the #cobalt investment thesis quite well. If anyone is interested in following Anthony on twitter like I do, check out his account here: https://twitter.com/A_Milewski
Another thing that stood out in the interview for me is the Palisade Global conferences. Here is the quote near the end:
"We held our first investor conference in Belize in February 2017. Twenty-five ultra high net-worth investors converged to network, learn and share ideas over a fun filled weekend." #UltraHighNetWorth
Hmmm, what does "ultra high net-worth" mean here? 10M+? 30M+??? If we're really talking 10M+ or higher, then it provides some perspective on heavy hitters in the industry, and influence from the Palisade group! It will be a while (if ever?) until I get my invite :P
Anyway, great interview and keep 'em coming! #TheNextBullMarketMove#mbgtrends
@Alan@StarFire Thanks for the kind comment. Haha yeah I thought the same as you there. I had zero cash-flowing investments when I started and just focused purely on speculations. Luckily I had a decent amount of physical gold and silver and was using services like #goldmoney for offshore storage - I still do to be fair. As I learnt more, and started managing my wife's money, I had to tread a little carefully and be less reckless - divorces are costly these days :) Funnily enough, my investments have done better and put money into the account every quarter, which is always nice. However, that little move yesterday can change things pretty quickly. After yesterday's good day in the mining space, it's funny how I reacted. I went from feeling crap a few days ago to feeling a little elated yesterday which got me thinking. Emotions play such a big part in this business and it's how you understand and deal with your own emotions that really counts. We can't change our emotions, we can only recognise them and understand them I think. By the ways guys, there have been some great posts recently. I read everything that is posted by people like @bullmarketmove@miningBookGuy@jayfire@fundamentalAnalysis@goldfinger@racker@thenextbigrush and many more. To be fair, most of my day is spent reading. I will try and post more often on here, but there is so much expertise and value already given on this site, that it would be a poor allocation of my time to do so unless I feel I can add something valuable. @bullmarketmove cheers for the kind comment also. Loved your most recent interview with Collin Kettell. I sometimes feel like one of those sucker fish that attach to large whales and sharks. I just try and align myself with those big fish and attach to them and go along for the ride. #mbgtrends
@bullmarketmoveHey @MiningBookGuy thanks for your question "any 'hints' on your next youtube videos?? interested to see what companies you cover next! :)" and the answer is probably a certain #gold company we've briefly spoken about in the past :) It will be out very soon. And how about you?i miss your 20 min + in depth videos #MiningBookGuyTV#TheNextBullMarketMove
@MiningBookGuy@bullmarketmove - thanks for sharing your new clip on $SPA!
It is interesting to hear you provide reasons for recently selling (and nice job booking a profit!). I took a quick look at the new powerpoint to see if I could contribute my own comments: https://www.spanishmountaingold.com/site/assets/files/3136/spa_presentation_2017-05.pdf
Here's what I think (keep in mind I have followed the company, but no 'deep DD' yet):
- $SPA has all the elements of an #optionality play that can have a further run in a rising gold price environment. being in #BritishColumbia is a big plus overall, even if there are some looming questions about the province as a jurisdiction
- while I do like that CAPEX is down significantly, always important to keep in mind that it's MUCH easier to bring out 'good numbers' in a PEA compared to the next stages, PFS, and DFS. I can't fully explain this. But a shout-out to @Tim_Oliver who helped me get on this track a while back, and makes me more cautious with #development projects in general (btw, wish we would see more @Tim_Oliver posts!).
- I'm also concerned that the initial CAPEX is STILL pretty high, at ~500M+ CAD. This is at a $1250 oz gold price, which is reasonable. But the Post-Tax NPV (at 5%) is a bit UNDER 500M CAD. I wish I could explain why this is important more clearly. I just remember @90BigPicture making some great comments on it that I understood at the time (btw, wish he was still posting too!).
Anyway, both of these points make it much harder to get funding (let alone the need for a PFS). But, it's really not that bad, and I like the 'near-term' optionality aspect, where this will 'likely' be a nice project at $1400+ USD gold price.
- But to your MAIN point for selling: I was surprised to actually see "Field Work - To Be Determined" as the 'next steps' for the company in the official powerpoint, LOL. Honestly, that's weird. these guys aren't even communicating to us their next steps!
-putting ALL this stuff together, it's still an interesting story! But I wouldn't consider buying myself, unless I was betting on the gold price surging in the short-term, AND/OR BC 'improving' as a jurisdiction (because of some type of news).
And I will add one element that could be the most interesting possibility for $SPA at this time: getting a 'strategic investment' from a bigger player. THIS would be the best short-term outcome, IMO, because it's a very trendy way to get some immediate cash AND credibility, and would show that a potential acquirer believes enough in the story to help move it forward to a PFS, WITHOUT a full-on risk commitment.
Ok, this got a lot longer than I expected, lol! But those were my 'quick comments' on your video + $SPA. thanks again for making this to get me thinking, and it's still an interesting company to watch! :) #DYODD#mbgtrends#TheNextBullMarketMove
@bullmarketmoveThanks @MiningBookGuy you make some excellent points. One thing I forgot to mention is the lack of institutions that are involved in the stock-which is obviously a negative, and insiders haven't been buying for quite a while (since the last financing I think). If the project is so good (because of the new PEA) wouldn't insiders buy more? Maybe they will, and if they do and the price goes back to single figures then I would be interested again. And I agree with your point about getting a strategic investment from a bigger player, that would definitely change things for the better :) $SPA#mbgtrends#Gold#TheNextBullMarketMove
@bullmarketmove@Alan@MiningBookGuy I managed to watch #TheSolitaryBillionaire and like you I didn't even know it exsisted. It's worth watching if you can. For me what comes across the most is that the 'game' of building businesses is what #Getty is all about. The interviewer keeps asking about all his money and why doesn't he just stop, and #Getty replies with something along the lines of 'if I sold everything, what would I buy next?' Reminds me of a lot of successful investors who love the game more than the wealth it creates (although the wealth does help).
@bullmarketmoveI knew you'd like it @MiningBookGuy :) And some parts are quite funny because he comes across as a very normal old man, like a friendly grandfather, which I'm sure is a bit of an act for the camera. #mbgtrends
@Alan@bullmarketmove@miningbookguy just had a load of ceo.ca emails come through. Spent the last hour catching up. #bitcoin seemed to be the hot topic! #getty is a legend in that documentary. I remember watching it late one evening after searching for 'money' in the documentary section on BBC Iplayer. My wife was totally bored. Oh @miningbookguy you should be able to hide your IP address and access it. I remember him being very to the point with little 'chit-chat'. Clearly a man that sticks by his principles and loves to save the pennies - even though he was a very very rich man. I loved his book #howtoberich.
@MiningBookGuy@bullmarketmove - nice highlights from your recent #RickRule interviews!
I'll add that somehow you were able to ask Rick multiple things that I never see in other #RickRule interviews, and that is awesome in itself! :)
And specifically, it's just so interesting how Rick says he's been through multiple cycles, and it's still much more difficult for him to sell near the top, than to buy near the bottom. 2010-2011 being the most recent example, particularly for precious metals companies...for someone with decades of experience to struggle with this, it's very important for us #newbies to think about as the cycle starts to reach a mania.
I'll even add that there were NOT super-clear signals that 2010-2011 was the top. there definitely were some signals, but not as much of a parallel to 1999-2000 tech mania, which I believe had all the classic #signals.
Anyway, a bit of rambling here. Just emphasizing how valuable the interviews were, and I really appreciate this video reminder of some of the key questions and answers! :) #mbgtrends#TheNextBullMarketMove
@bullmarketmoveMany thanks @Alan and @MiningBookGuy and yes, even with decades of experience it doesn't mean you will get out at the top perfectly. Greed and fear is in all of us and controlling it is the hardest part of being a successful investor.