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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.
@drilltrackerIn my nine years working in Africa, I only paid one “ unauthorized payment”. I entered Zaire in 1992 to visit the Copper Belt forgetting that my vaccination certificate had been stolen in Zimbabwe a month back. I had the company in Canada re-issue me a new one but forgot to request the Cholera stamp which they would not have had on their records. In those days they did not give the shot because they knew it did not work but gave you the stamp because they knew you needed it to cross borders in Africa.
When I arrived at the airport in Lumbubashi by myself three guys with no uniforms came and took my passport, vaccination cert and bags and went three directions. I followed the “stay with your passport rule” and followed him to the passport office. After a standoff with a very grumpy looking customs official who was obviously disappointed I had not inserted an “extra page” ($20 bill) in my passport they let ultimately me go. Next I went to the vaccination office. “Ah, I am sorry but we have a problem….you have no Cholora stamp….but we have a solution….for $25 we can give you a shot….for $50 a stamp”.
I now have a Cholera stamp in my vaccination certificate.
@PamplonaTrader$TK I'm told that the zinc in ore is coarse and liberated unlike the fine grain $TV's Caribou. According to @drilltracker$CZX Cardiac Creek also fine grained and could be difficult to liberate the zinc. I think fine grain also what tanked $REX.
@ARIMAThat's an interesting comment @PamplonaTrader, thanks for sharing and thanks @drilltracker for me. Now, Is there a way to know this before investing in a company? Where do you look up this information? Just curious on details on origin of the information. Teck, and Korea Zinc are there so I assumed they would have done their homework before investing significantly. And Teck acquired AQM a few months or week back....
@HRA-CoffinI know @drilltracker - Dave and I tried to option it years before John or IZN heard of it - but we couldn't make it work when we looked at the detail. Too much oxide not enough zinc. John is really betting on a new discovery. I hope it works for him. $IZN
@drilltracker@pamplonatrader$TK$NVO$MARL are a good examples of holding the faith (or NOT as the case may be). I first got in to $TK prior to PDAC in 2015 when I self published (along with $NVO and $MARL) my drill tracker report which tracked early stage discoveries. Unfortunately, after a year $TK was trading down to to $0.10 and i was happy (sort of) to exit in May when the shares popped back up to $0.25 (opps). Once burned twice shy...i did not buy back in. At the same time $NVO dropped off in early 2015 when a key hole missed. $MARL has done somewhat better with Hot Maden. A lesson learned with each trade. #newbieshttp://cdn.ceo.ca/1c9hjc5-Drilltracker%20Feb%2016%2C%202015.pdf
@rackerWell said @drilltracker. It is emotionally so difficult to keep the faith when the majority of juniors and bear markets train us to take a gain and run, but that is where the biggest gains come from. Here's Billy Joel-Keeping the Faith on #ceofmhttps://youtu.be/ph7oZnBH05s+
@drilltrackerWhat sets Brent and Joe apart is that they are both geologists that have broken a lot of rocks but also understand what separates a good project from a good stock play. They focus on the projects that are both.
@drilltracker$AMI. As I understand it the new plans at Kemess are for the Kemess Underground. This is a different project than the Kemess North that was shut down many years ago. The Kemess project has had an unusual history since the beginning. It got a kick-start when Windy Craggy VMS deposit was expropriated and the BC government assisted Northgate to build the road into Kemess as compensation.
@hihosilver@drilltracker$AMI yes, however I remember after the initial permit was declined Northgate said they were switching to underground project but it never got traction.. Interesting story behind the deposit history you pointed out !
@drilltracker@allan...on a different subject. I was surrised earlier today to see you say "Botswana and Namibia are about the only places in Africa I would consider". Are you not President / CEO of Advance Gold $AAX who is exploring in Kenya?
@drilltracker@Mutt A doozer of a trading error I remember. A trader came into my office and said he had just bought a large block of $GG (US Goldcorp - trading at about $40) instead of $GG (Canadian Galene which was trading very thinly at less than a buck). The good news is got out of Goldcorp a couple of minutes later and made a few bucks.
Mutt@drilltracker it happens to us all. Fat finger and sells instead of buys are more common than ppl think. Doing it on options and being short (either calls or puts) is probably the scariest mistake I've witnessed. If the market moves slightly before you right that wrong, options amplify the mistake 100 fold. Now imagine doing an end of day trade, making a mistake, markets close, and having to wait until morning to fix it? Had a colleague who "slept" int he office one night when that happened! #ouch
@drilltracker@evenprime Seeing as the rules on the metric of how the winner is selected were perhaps not clearly defined, i would agree that money in Jan 1, 2017 - money out Dec 31, 2017. To me the value of the #stockpickingcontest is not to win (well perhaps) but to see the range of companies that people put on their list and track how they do. That way we all win. #Index
@drilltrackerJust finished reading Smoke Signals Investing. @allan has done a good job of laying out the basics of investing in our business. Intended for investors new to the industry, Allan gives the lay reader the tools to do their own research...While preferring the rifle bullet to the shotgun, there are no silver bullets here. DYODD.
@tommyThe reviews for @allan's first book, Smoke Signals Investing: An Insider's Guide to Finding Junior Mining Stocks Before They Take Off, are trickling in.. This from respected geo @drilltracker:
"Just finished reading Smoke Signals Investing. @allan has done a good job of laying out the basics of investing in our business. Intended for investors new to the industry, Allan gives the lay reader the tools to do their own research...While preferring the rifle bullet to the shotgun, there are no silver bullets here. DYODD."
My kindle copy was only seventy six cents! Here's the Amazon link: https://www.amazon.com/Smoke-Signals-Investing-Insiders-Finding-ebook/dp/B06WGL55F7 congrats stock market commentator, CEO and AUTHOR @Allan Laboucan!
@drilltracker@Brendan@MiningBookGuy I saw the problem with biznoids taking over exploration with BHP in the early 2000's. When they replaced explorers and visionaries like Hugo Dummet, Oliver Warren and Jim Bratt with finance guys in 2000, the exploration department lost its mojo. They had people like me build "risk adjusted NPV models" to evaluate projects instead of geos that had vision to make the next big discovery. When you compare the discoveries in 1980-2000 with what came after is pretty sad. Cannington, Escondida, Ekati, Syama, Mabangu, Rico Dic, Antapacay, Oyo Tolgoi, Prominent Hil, Hope Bay, Spence, Superior, are all world class deposits discovered by BHP, Rio Algom, Billiton, or Magma joint ventures. (Well maybe not Hope bay but maybe one day.) To no bodies surprise, $BHP has made very few (if any..perhaps Angola diamonds) significant discoveries since. #index
@drilltrackerWho wants to wait for results on a 5km drill hole shooting for a layer a couple of meters thick in a zone that is so hot you cannot touch the rock. There is a reason they stopped exploration. Target Sun Mine: "The mine has 24MW of refrigeration capacity for underground ventilation air, helping to maintain the operations at temperatures of below 27.5°C."