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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.
@Jayfire@FundamentalAnalysis Thanks for sharing your thoughts on $POG.L. Must admit I am not familiar with most mining stocks traded in London. Always open to hearing more, especially with under the radar picks. Will reach out thanks!
@MiningBookGuy@Alan@R2R@Jayfire@FundamentalAnalysis@hihosilver - i've had so much to say about $NGD, but held back. i'm a bagholder here, having bought an outsized amount at much higher prices.
thank you all for the commentary. i have my own thoughts, some of which i will likely share soon. but immediately, i agree with with @hihosilver's most recent comment. to me, the worst situation would have been to raise the full ~$200M via equity placement at a discount. I think they might even have had difficulty raising it, and the share price would tank further.
but in this situation, they IMMEDIATELY monetized a secondary asset in the El Morro stream. while @fundamentalAnalysis is correct that they are getting far less than they should, it has clearly given the share price a bounce (even with the generally positive day), and i think this REALLY helps fund the rest of the gap with a lower cost of capital (perhaps a hybrid of a streaming deal or smaller equity raise, or who knows what else).
anyway, i approve of this deal, and i 'hope' Pierre Lassonde is more involved in the background than people generally realize, because he is the cornerstone of credibility for this company despite no longer being a director (i would be shocked if he is or has been selling shares at any time recently)
@Mr.Smokey@Jayfire I wonder too. Checked their website, there is not even a hint that they are working on a BFS in the latest presentation, let alone a targeted date for completion. No update on their drilling in Helico-Sud and no updates on the large bulk sample met testing. They really need that new communication firm, I guess.
@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!
@Jayfire@FundamentalAnalysis Yup, that's my understanding as to why Newmont walked away, the GFC and budget cuts... Of course, that's just what you hear on the surface, so it would be great if someone on here has a different take, particularly anything having to do with the geology... But having a major the stature of Barrick agree to an earn in is what got me invested in the company... Can't imagine Barrick signing up for anything that doesn't have some massive size potential... So worst case, Barrick doesn't find what they are looking for, walk away, but have drilled up enough where Alicanto is still left with a good sized, million plus ounce project on their hands... And then there's Ianna, Alicanto's other project where they control 100% $AQI.AX
wannabeinvestorNot sure I agree @Jayfire. as you know the Barrick's and Goldcorp's of this world are not always the best stewards of capital. They have made disastrous investments in the past. Many seniors fund promising exploration projects and fail. NRN comes to mind, but also the copper play in Canada BHP backed and recently terminated. Guyana is highly prospective, agree. i actually hold both $GUY and $SSP (that's one of the largest junior gold holdings I have) and I used to own $AQI.AX. Dropped it when the disappointing results came in a few months back. It's a lottery. Also got out of $LAT.
@MiningBookGuy@wannabeinvestor@Jayfire@FundamentalAnalysis - first of all, see the original NR detailing the acquisition of these properties by $AQI.ax in 2012: http://cdn.ceo.ca/1ca9lpo-2012_12_AQI__getting_Guyana_Projects.pdf
(*note - let me know if above uploaded link doesn't work)
#Guyana was NOT at all a hot place to be in 2012. It still isn't...but it's definitely getting there with stories like $GUY and $SSP.
I absolutely think this is a case of 'perfect timing' by $AQI.AX to snatch up these properties on the cheap (keep in mind they also got Tassawini which is more advanced but never discussed, likely because it's not of interest to $ABX). Not only was $NEM pulling out from various global exploration stories. But I believe the junior that $NEM was doing a JV with (Takara Resources) was really struggling at the time. It was just a matter of $AQI.AX being opportunistic.
@wannabeinvestor - I would not at all undervalue $ABX earning-into Arakaka. Despite the disappointing 1st year results, they are going at in the 2nd year, and very possible we see results that are on par or better than some of the excellent historical results listed in this 2012 NR. $ABX has very few JVs...they are only looking for 'elephants', and no reason to believe they have changed their minds going from Year 1 to Year 2.
If anything, I think this is easily the best risk/reward in #Guyana. We aren't even discussing Ianni, which is very prospective in its own right. BTW, I think it's laughable to compare $AQI.AX with $LAT ... very few early stage exploration stories have the amount of historical work and prospectivity that $AQI.AX has. Many, many prospective targets that have not been drilled yet...if $ABX pulled out after Year 1, very likely they would have been replaced by another partner in a heartbeat.
I own shares and very biased. But want to be crystal clear that there's no 'funny business' with the $NEM pulling out and $ABX replacing them as $AQI.AX partner. This is the real deal.
@JayfireFrom a short term view, I like $AVK more since they are only financing away from putting their project into construction... and perhaps a more likely takeover candidate at this stage? $ORE still has issues they are sorting through and any kind of re-rating seems further out... Long term, I like both companies and think they will each do well as this bull cycle resumes course.
@MiningBookGuyRE: https://ceo.ca/mbgtrends?d8590227dca6 - thanks @Jayfire for posting this, and thanks @TheNextBigRush for publishing another recording we did...I forgot about this segment! I went a couple minutes longer than I wanted. But very relevant info for both $AQI.AX and $AU here (even though I didn't mention $AU). Even a quick mention of $NRN at the end...I think I got my point across on why we can sometimes justify higher valuations when there are no 'ounces in the ground' yet. Makes for a good discussion point! #mbgtrends
@FinanzrMy hands got shaky. Today I sold out my $IVN position at 5.0 CAD (give or take, as I trade in €). Selling it somehow does not feel right. It actually feels quite bad - but I made ALOT of money with this and my brain told me to book the profits and take it elsewhere. Good luck to all who have tighter hands on this one! And special thanks to @jayfire who brought this stock to my attention in early 2016.