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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.
Kevin@cole119 I think Leigh is going to have to give careful consideration about where the drill holes are targeted. Some more indicated would make for a better Pre-feasibilty study, but takes away from all the open ended and brand new zones that we could be drilling. A Preliminary economic assessment could include all 300m lbs including the inferred. I for one would like the see the PEA this year, followed by PFS later next year, with hopefully enough drilling to get 300m lbs indicated into the PFS.
@cole119Awesome video @255Conquest. Very dramatic! Kevin, Leigh and co have been very methodical thus far, nothing will change unless there are happenings behind the scenes we don't know about. Example Harpoon Assays. Someone on SH posted that RE2 was over promised and under delivered (was just a troll) but no one from Nexgen ever claimed we'd hit a certain number. All we were told was the indicated number would be unprecedented at this stage - which it was. I'll carry on and "Nexgen and chill". But it's fun to throw out some thinkings every now and then
@cole119Thx @rulingmining. Always interested in learning about anything nuclear power related. Aside from making money in the markets, many of us have a keen interest in the future of mankind and energy supply is arguably the most important object. Food supply being the other.
@cole119Yep off stock watch. I noticed Goldman accumulating yesterday and the trend continued today - albeit they have some small sells today. Monday to Wed - they were buyers only. Lets see what happens. Perhaps they have bought in advance of the index funds, maybe to trade it for a "hopeful" profit next week?
@cole119No thats the cheapest one from Stockwatch, only $5 - quite a good value for what you can access. I'm confident ceo.ca Pro will have this type of info soon enough but in the meantime I don't mind the $5.
@cole119Looks like Anonymous drove the price down, then was on the buy side once we hit 3.48. Can't ever figure out their game plan though, was just more of an observation to share. Morgan Stanley same, on the sell side. MS was always active selling during the last downtrend when we hit 1.42. Insert squiggly face emoji here..
@joegreatwhitenorth@cole119 I bought shares immediately after the August 24 (last year) drill results at their Kiena Mine. Kiena was a fully operational mine until 2013 and then shut down and put on care and maintenance. It is permitted with milling and mine infrastructure. The drill result from last August were spectacular. Nothing has matched since but there's been continuation and more excellent drill results. $WDO
@cole119Nexgen was well known for releasing news a day after Fission, almost all thru 2015 and 2016. And Tuesday was the most common day for release thru that same time period. Plus we are due for some drill results. So news Tomorrow?
@cole119Ok, I'll chime in. @yumyum - if I wanted opinions of those on Stockhouse, I'd got to Stockhouse. I may add that I have first hand information that refutes Quakes conspiracy theory on the overlapping / Garrett's actions as complete rubbish. Quakes has an agenda, go back and read his 8000 posts on Stockhouse, then come back in 6 months and see how "right" he is.
@cole119Hi @stateside. What can you tell me about $spk? I have a small position, just play money. Thank you in advance. I don't know anything aside from the Tunisia exploration rights - not much out there lol.
@stateside@cole119$spk I heard from a source the president who had a ton of experience and was brought on in 2016 to run the company left a few months ago. No word on that from the company but no activity and no financings are worrisome.
@cole119Ok, Thank you @stateside I also heard that as well. I agree, no activity is a bit worrisome but lets see what happens. What got you interested here? I heard from a friend, who heard from a friend, who heard from a friend...etc, lol. I'm for $2K @ 5cents so its not a lot of $$. Looked promising for a while when it doubled.
@cole119I never bought at $4 plus but upper 3's a couple times. Still long and strong, but my horizon is longterm - I don't trade it at all. No spare cash to add more at the moment but I likely would be adding now too. Agreed it's been quiet but people are seeing a lot of red everywhere last 3 days. Get this Canadian Federal budget out of the way today and see what happens? Good luck and stay strong my friends.
@cole119I think the indicated number was same as or a lot higher than many estimates, however the total number of lbs was the one to disappoint. From a PEA/PFS standpoint the only number that matters is the indicated, but we are many months away from that so slowly some are moving to sidelines. There are quite a few of us who hold a solid position in the event of a take-out of Arrow, which is my conviction that it's a matter of when, not if. Warren Irwin has same thought so I will stick with his strategy. I don't want to be on the sidelines when that happens, I'd never forgive myself. We are just going thru a storm at the moment, it will pass just like it did in late 2016, and will look back and think that 3$ was a gift for those looking to add. 180m indicated lbs is a crapload of U, considering Hathor got taken out with 60m total, mostly inferred - rough numbers not exactly correct.
@cole119Question. Would the market have been happier with 100m indicated and 380-400m total? They did enough drilling that could have been achieved. My guess is that's what market would have been happier with, But it would not make nearly as good a PEA/PFS which is Leigh and co's goal.
@B1984thanks for the insight @cole119 , from I understand then the reason is where the holes were drilled (which mostly moved pounds over to indicated which I agree was important ) does it follow that geologist and ppl that have the skills to model the deposit knew that this would be the case ?
@cole119@BenjaminCox I caught that last week, but neglected to post it. In a nutshell, RIO opened a Ventures arm, looking to spend approx $2 Billion annually for quality projects.http://www.reuters.com/article/us-rio-tinto-ventures-idUSKBN16S206 So that works out to Approx 2.6B CAD, which puts a possible $NXE /Arrow takeout at approx $7.50 CAD. Agreed the next step is forked but Management has and will continue to push "taking it to production unless someone can offer better than we can do ourselves". They have to maintain that mindset, otherwise if they pull a Fission and publicly open the door to suitors - they've lost the first option completely.
@cole119@BenjaminCox I am confident this is already the case for $NXE, that Leigh and Co have multiple parties lined up, have trusted input on this. I love your 90% figure, I was thinking more like 95% ;)
@ekim@cole119 nice find on the Rio article. The quote that stands out like a sore thumb in that article -- "correlation between exploration spending and discovery rates ceased in around 2005" That is 12 years of growing organically by exploration spending as a business model died and was put to rest. Maybe that is where the zombie concept grew out of.
@cole119The Chinese were smart enough to get a foothold in $FCU at a decent entry price with a considerable offtake. Though they likely picked the wrong project as Arrow will be mined first, I bet CGN or CNNC are begging $NXE for a deal like that. My bet is the eventual deal for Arrow is a joint agreement, an obvious partner with RIO is Li Ka Shing somehow.
@cole119CK Hutchison holdings(KS Li) Market Cap $48b USD with just under $2B cash on hand. I may be way off here and perhaps Li Ka Shing is just waiting on a takeout premium on their $NXE convertible debentures but still should not be discounted as a potential partner for whoever wants to buy Arrow.
@cole119@BruceWayne@Allan mentions that $NXE is a chronic diluter, but their debt deal with CEF Holdings shows the opposite. That was a very creative way to get cash immediately with minimal dilution. Nexgen has done a wonderful job taking care if it's major shareholders. The growth in the resource (and share price) washes away any dilution tears, if we are to see some more. Perhaps Arrow will get picked off before the next dilution needs to happen.