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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.
@lukejacksonWhat's interesting to me is that The loan just given to $HGC is collateralized against a portfolio of mortgages issued by Home Trust. How would bankruptcy proceeding affect those mortgages? Even if they were repackaged and sold there would have to be an assessment done to define the credit worthiness of all those mortgages. What if the fraud runs deeper like in the US?
@joegreatwhitenorth@lukejackson You're ahead of me on that angle as I am at work and haven't heard about that update. Bankruptcy would mean bailout. Just like in the US in 08-09. Loan is a loan shark rate (15 per cent or higher) Canadian taxpayer gets kneecapped if $HCG bankrupt.
@ck@lukejackson i would bet on Sandstorm going after Entree Golds Oyu Tolgoi interest next after Entree completes the spinoff. Entree clearly states that they want an early monetization of the Mongolian assets. Sandstorm already holds nearly 20% of Entree + gold/copper stream on Entrees Oyu Tolgoi interest. $ETG$SSL
@lukejacksonWels property with only 5 holes in it and one 95m @ .75 grams. Trenching of 45 m of 8 grams. Underfunded discovery in private co gorilla minerals. Ticks 3 boxes - people, project, structure - for me. $KTO price is nice too.
@lukejackson''Twas a 2.5 cent pp and a 5 cent 5 year warrant, loaded with risk. Wasn't close to a slam dunk at the time. Hope it turns out well for the holders, but mostly the company. We've talked about this at length but nobody deserves a win here like mark. I refuse to let all this bs muddy that.