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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.
@rackerMy challenge in calling a crypto top is it is still hard to buy and sell, especially large quantities, with anti money laundering rules, among other issues, and you have to think 99% of the public is yet to trade a cryptocurrency.
@FundamentalAnalysis@Paul That's a good observation and I agree unfortunately..... I'm willing to bet desperation to drive shareholder value is what lead to the transaction. There really is a lack of good assets. I'm sure Nolan and team have a plan, they aren't idiots...but they have taken on more risk then they probably would have liked. I read the article posted by @racker one of the lines seems like total fear mongering. Most people don't give neutral views....to talk of turkey as 3rd world is absolutely ridiculous lol, in fact the family links gives us high confidence the mine will be built, I also don't believe turkey wants to alienate the west why get into a tiff for 30% ownership. There is a company called Stratex in london who recently sold their MINORITY stake in a turkish mine to the turkish partner for an ok price given project was losing money. (as to if they have received the money I don't know and not followed up). Also people forget there are companies which operate successfully in turkey. Alacer, Alamos come to mind. they operate well because they have a partner so all is fair, foreigners are not grabbing it all. #mbgtrends I spoke to the $MARL management team, when I met them, and some of the majors I think $TECK couldn't operate in turkey and move forwards because they had 100% ownership, even though turkish mining laws allow for 100% foreign ownership really they want a piece of the pie....hence why most the mines operated by foreign partners tend to have a turkish partner of some sort.
@BenjaminCox@racker mixed blessings, I think that hits two concepts, return on effort, and the chinese curse of may you live in interesting times. I am happy to have Dave who is one of the core brains behind Friedland..