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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.
@JKaiserI don't know what the distribution of the five year warrants was, but a truly rational speculator would exercise half the position so that the upside of the free lunch is not comprised by dilution. If Mark's scout drilling program can confirm that those EM targets deserve focused drilling the market will respond. $ADZ
@JKaiserGold because of uncertainty arising from Trump's apparent abandonment of the post WWII order constructed by the USA, zinc because of western mine depletion and a possible Chinese supply decline arising from its environmental awakening. Nickel uptrend hinges on the extent Duterte shuts down the nickel laterite mines whose raw ore gets shipped to China for nickel pig iron furnaces.
@Poker#askgold +1 to this question from @PamplonaTrader@JKaiser Why do you like $IZN and West Desert? It is a low grade (1.9% Zn) skarn deposit with questionable metallurgy (iron-rich and lots of Zn oxide). Is $IZN what you would call a "life-style" junior? They have less than $600k in the bank and recently extended warrants in an attempt to keep the lights on. Also @HRA-Coffin says he poked around before $IZN optioned West Desert and said it was a no go #zinc#askgold
@JKaiserThe type of laterite ore used in nickel pig iron is different from what is used in hpal operations to produce refined nickel. The result is a lower quality stainless steel suitable for China's needs. The Chinese shift to NPI displaced demand for refined nickel, hence the nickel weakness. Countries with laterite deposits need to be willing to allow raw ore to be shipped abroad. Indonesia said no to that a couple years ago. Philippines indirectly starting to say no through the environmental channel.
@martinJohn Kaiser @jkaiser has highlighted Aurion $au as his Discovery Watch Junior this week as a potential new district play with their high grade gold discovery. He lauds the company for indicating they plan to keep the Risti property 100% owned rather than finding a partner, just like Andre Gaumond did with his very successful Virginia project. John also appreciates the lack of warrant overhang. The Aurion section starts at 11:40 into the podcast. http://www.howestreet.com/2017/02/10/big-financing-flocking-to-new-discovery/ Coverage of Nighthawk $nhk and Rainy Mountain $rmo is also included. At the end he states that he hopes that his coverage of companies like Aurion will make the Discovery Watch program popular with junior mining investors. #mbgtrends
@martin@dirkdiggler For clarification, Nighthawk $nhk is calling it the Nice Lake sill which is on the Indin Lake property. This new sill is about 1.5 km east of the Colomac and Goldcrest sills which have seen more exploration. @jkaiser
@alexisa@jkaiser$RDS intersected 5.0 g/t Au over 6 metres in the "F Zone" and just announced drill program expansion to 20,000 m at O'Brien. Any thoughts on what they're doing since November Discovery watch podcast?
Eric Coffin of HRA Advisories | Mar. 22, 2012
From The March 2012 HRA Journal
“It’s that time of year again. Thirty five thousand people descended on Toronto to take part in the largest mining industry confab in the world. The PDAC has become famous for the broad range of attendees, the numerous parties and the gouging by local hotel operators. ”
“For resource stock investors, the PDAC famous for something more sinister; the “PDAC Curse”. So far this month is looking like this annual scourge is alive and well and making life miserable for resource stock traders yet again.”
• Here’s another article highlighting the 2011 #PDACcurse:
“If you haven’t heard of the #PDAC curse, you’re in for a tale of woe and despair.”
“PDAC, for those of you unaware, stands for the Prospectors and Developers Association of Canada. The annual PDAC Convention was attended by nearly 30,000 mining people earlier this week. Because corporate executives don’t like going to jail, most juniors with any sniff of positive news will release their results just before or during the convention. That frees them up to promote unfettered. BNN broadcasts live from the floor and conducts interviews with quotable executives and analysts. Its a pretty big deal…”
• Here was the Kitco coverage of the question last year, and we know in retrospect, the curse was lifted last year, but you can sense the hesitation going into this period last year…..
Can The Market Survive the #PDACcurse?
Tuesday March 08, 2016 (Kitco News) –
“Although gold prices are up almost 20% since the start of the year, the market might not be able to escape the PDAC curse, a common correction seen after the Prospectors and Developers Association of Canada conference, as analysts and market participants are expecting to see a pullback after the recent 13-month high.
“I think we have seen things move pretty hard in one direction so it makes sense to see a pullback,” said Brent Cook, author of the newsletter Exploration insights.
** Is there a #PDAC Curse?
@TheNextBigRush - Aug 9, 2016
> On January 31, 2017 at 11:31 am, @Excelsior:
"Yep. Seasonality isn’t perfect, and no 2 years are identical; but is very clear that for the last 2 decades that a good metals trade is to buy in late Dec – then trim some back in late Feb….then buy back those trimmings in March after the PDAC Curse."
** On February 9, 2017 at 12:04 pm,
from the ~coreshack conversation here on #CEO:
@tommy – “And how will we know we’re in a bull market?”
@HRA-Coffin (Eric) – ” I think it’s a bull market – but nothing like some of the past ones we’ve seen. Will take a while for that to develop. ”
@JMNorthShore (Joe) – “We are seeing some financings of junior explorers being upsized considerably. Given that the gold price is still around US$1235 so definitely a lot of investor interest in the upside potential. ”
@Brent_Cook – “Agree, precious metals look good for the year. It is going to get really weird down here in the US”
@JKaiser – “PDAC curse only occasionally gets violated as in last year. Will be an interesting test this year. ”
@tommy – “No PDAC curse last year. A pleasant surprise around here! I am still a child of the bear market and can’t have enough cash…. ”
#PDACcurse - Sorry this was long but it's #spooky
@racker"The mood at PDAC the first day was distinctly better than during the past six years, confirming that we are now in the second year of what will be a 3-5 year junior resource sector bull cycle of the sort we had in the nineties when everything was about discovery exploration." @JKaiser
@MiningBookGuy@Jayfire - I agree...and as I've heard @JKaiser (and others...but i remember him presenting it really well a few times) say on multiple occasions, the best way to immediately change sentiment is a BIG discovery! I still find it very interesting how this DID happen in #the1990s ...but #the2000s didn't need it at all, because it was more the #China-Factor, or #BRICs, that was kind of the 'story of that decade'. What IS the story now? Is it some hybrid?? #Geopolitics + #Discovery?? I'm ok with that! I still LOVE gold...but I've started to love #exploration a whole lot too! I think a clearer 'story' will emerge soon... #mbgtrends
@Picsou@NickZed sorry for the teasing then but against my principles, it's like dumping @brent_cook or @jkaiser material. Here is the intro: Resource companies are again making money, and promising to ‘learn the lessons’ of a boom that left them drowning in debt.
A year after Newcrest bought Lihir, Rio Tinto spent $3.7bn on coal assets in Mozambique, which it sold three years later for $50m. Also in 2011 BHP Billiton ploughed almost $20bn into shale oil assets in the US, that are now valued at a little over half that sum.
“There was a lot of exuberance and everyone got caught up in it and that includes executives, boards, shareholders and analysts,” says Daniel Morgan, a commodities analyst at UBS. “There was a belief China’s economic boom would continue at the same fast pace.”
anonymousJohn Kaiser, Editor of Kaiser Research Online, interviews $COR Camino Minerals CEO Ken McNaughton at the May 5-6 Metals Investor Forum. $MIFhttps://www.youtube.com/watch?v=Chzs38a-kOc+
Ken provided further insights on: ownership, “all the attributes of a World Class deposit”, Kaiser ‘s question on potential of 2 types of mining, Peru social license issue, water, which of the previous 3 presentations intrigued him, digitization of data… @JKaiser is great leading questions here.