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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.
@statesideHi @LucTenHave - I made that comment based on $MARL news release this week: Pre-1923 Russian mining area
Initial scout drilling has commenced in the pre-1923 Russian mining area, in an area located approximately one km to the south of the southern deposit. Two holes have been completed to date (HTD-115 and HTD-119), with HTD-115 intersecting narrow quartz vein gold-copper mineralization and HTD-119 the interpreted hangingwall zinc zone. Key results include:
HTD-115: 2.5 m at 11.5 g/t Au plus 1.45 per cent Zn from 11 m downhole;
HTD-119: 4.9 m at 4.60 per cent Zn from 26.8 m downhole.
The pre-1923 Russian mine area is a complex zone of mineralized veins and hydrothermal alteration, with these initial results being similar to those obtained from the first drill holes around the main zone discovery. Further work will be required to identify the central part of the mineralized system.
@LucTenHave@stateside Thats right! I like your Alexandria comments btw.. Thats exactly why i bought the stock as well. I called 3 times with them almost begging to be part of the PP :).. Not possible so i bought on the market
@LucTenHaveAre there any junior resource companies in Vancouver starting their work day before 09.00am? Get that ass out of bed and start to do something for that too high salary you get! They all say they are busy. When iam busy i start before 06.00am :)
@LucTenHave@stateside did you consider all 660 million fully diluted shares for that 40 - 50 cents? Not impossible but to reach 2-3 million ounces there will probably be another financing to fund the drilling.
@stateside@LucTenHave - I also said on a take out it's hard to get above 100% of the then current retail price so it will be tough to get there. That being said, high grade, open pit 2-3 million gold oz depsoits in Valdor will sell for a hefty premium. $AZX
@LucTenHaveSometimes life is easy. Goldquest 37 cents per share recently. Very robust economics, complete belt to explore, 100% ownership, 25 million in cash, Agnico Eagle paid 60 cents, good management. What do you want more. I have never met $gqc management. But just call the company and see for yourself how Bill takes the time to answer your questions. I am long :)
@OnlyflawsI feel very confident with this stock because of the reasons that @LucTenHave mentioned but also because Im 100% sure that this will be taken out with nice premium. Its only a matter of time.
@LucTenHaveAgreed @vaughan but $azx is not a quick trade. You should only buy it when you really believe its undervalued and you have at least 6 months, preferably 12-18 months to let it rerate. If they really hit it could rerate much faster, but its better to have patience
@VaughanBought some $azx on icg news @Jayfire. Check out @stateside and @luctenhave on the subject. You folks not interested in the americas? For cos with a resource already, cnl and lmc seem interesting, and red eagle sits at a decent price as well.
@fbNice conversation @LucTenHave@stateside. Also $AZX with 0.94m oz Au deposit at $30M EV is similar to $BBB with 21m oz Ag deposit at $11 EV in the context of EV per oz (with assumption of 1 Au = 70 Ag). Just comparing them to decide which one to speculate the discovery play.
@FundamentalAnalysis@LucTenHave Looking impressive, I was trashing this company because of the management, more so greg, but I may need to re-look at the potential of this deposit. Do you have any thoughts on the drill intercepts to date? There is a gold fund manager in the UK, who had this as one of her top 10 picks I need to check if her conviction still remains. Do you know much about russian resource estimates GKZ and how it would compare if translation into 43-101 or JORC that was mentioned by Greg as well a while back not sure if he ditched the idea.
@LucTenHavePretty good deal for $ATV upside through Beaufield $bfd shares. If Windfall East turns out to be really important, Alto will benefit through the NSR and shareholdings. If not, it already made some money. It can use the cash for Oxford Lake.
@martin@luctenhave I'm hoping for good news from both $gqc and $prg in the next few months. I'm holding Precipitate Gold who is drilling 3500 m next door to Goldquest. We need a little cooperation from Mother Nature and luck to get people excited about this area. I feel that both companies have good management teams.
@stateside@LucTenHave I'm no geologist but the market cap of $AZX has detached from reality as Alexandria continues to expand this area with multiple (over 10) stacked high grade gold veins. Still over 20 holes to report in this drill program. They will get taken out at much higher prices if they continue to hit holes like this.
@anomalloy@stateside, @LucTenHave i'm no geo either, but I see the value and potential of $AZX is definitely there, and that is why I bought in months ago. Any guess as to when this take out might occur? I came to realize Alexandria has so many shares out there, its everhung until it does get taken out, so I sold and reallocated the money to something who's sp is rising until AZX tightens up.
@LucTenHave@allan Agreed but i dient buy it to "play" a quick run up but i see it as a value play. If they really have a valuable project they will get taken out. It doesnt have to be a 10 bagger. 3 bagger is also fine :)
@LucTenHaveSituation Central Lapland Greenstone Belt (CLGB) in May 2017. I think the CLGB is still very underexplored compared to other major greenstone belts in the world. With 300.000 hectares of ground, there is no way Aurion can explore all of its projects in this bull market cycle. If Risti turns out to be the company maker, there are many more projects to explore / JV. http://cdn.ceo.ca/1cil8mh-finland%20may%202017.png+ There are already 3 world class projects in this area (Kittila, Sakatti, Kevitsa) - will Risti be next?
@LucTenHave@99hockeypenguin I also participated the pp. It is difficult to determine the $rpr valuation as its early stage. What is a land package with gold showings in a good area worth? Main reason i participated is that i expect a strategic move (takeover, jv, investment by major, or something like that). And i think Dellbrook has to create value. Otherwise the old board has good reasons to show that the Dellbrook move was wrong. So the pressure is on Dellbrook from my point of view :) my target is 18 cents