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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.
@JamesKwantesJust watched the Don McLeod tribute video - what a character, what a track record and storytelling at its finest. On the minebuilding front, cool to see son Bruce McLeod pushing $SBB's Back River through some permitting adversity towards a mine build. And nephew @robmcleod at $IDM's Red Mountain of course #gold
@robmcleod@tommy congrats on 1 million monthly page views! I remember when you were a young dreamer with an idea for 'a mining conference in your pocket', now you're this mining tech guru rainmaker! Very proud of you buddy!
@MiningBookGuyQuick shout-out to @Stateside!
I listened to about 80% of the last podcast. Really happy he got a new sponsor $GIS. In fact, I had barely looked at it up until this point. While I know other sponsors cover it, @stateside sold me on getting a small position earlier this week (did a bit of additional DD, and it sure helps that @RobMcLeod and former Underworld team are involved!).
Anyway, thanks @stateside, and looking forward to more coverage of $GIS and all the other stocks. also, i support the #StatesideReport rebranding and your reasons for it (though the 'Comanus' story is really cool and glad you shared some details in this podcast!) http://comanusrising.com/
@robmcleodIf you are a savvy geologist/prospector, some of the best money you can make is to stay private, and option 100% interest in claims for cash, shares and a royalty. That's how John Robins got his start. If you like the property, hold the stock. If you don't, sell it in the market after the escrow comes off.
@robmcleodSome of successful project generators in the past (Altius, Eurasian) are transitioning into royalty companies. Others, such as Almaden and Virginia, had their greatest successes from drilling 100% owned projects, rather than JV's.
@robmcleodProspect generators are often the only game in town during brutal bear markets, where cash is difficult to raise and highly dilutive; funding from majors or well-financed juniors means some newsflow. During bull markets, many investors want to see 100% interest in projects rather than minority interests, so many project generators fall out of favour. Hybrids such as Almaden, Kaminak and Virginia that drill their 100% owned best properties end up having some of the most success, in part to a loyal shareholder base.
@CriticalInvestor@robmcleod Yes, work on their 100% owned assets is key here. Remember Reservoir crashing when drilling their own property failed miserably, investors didn't like that a lot despite the almost established Tier I discovery with Freeport
@robmcleodOver the past several years, prior to 2016 the time between the Roundup and PDAC conferences have been the strongest market for juniors and best time to raise money, and then markets fell apart in late March. My friend and goldbug Jeff Sundar sent me an email with a fascinating commentary on post-PDAC markets during bull and bear markets. See below: I have attached two charts comparing our current gold equities market to the late 1990’s crash and 2000’s recovery. (Using the HUI gold producer index)
The 1996-2000 bear market in gold mining shares (HUI) was one of the worse bear markets lasting 4.5 years from peak to trough.
The 2011-2016 bear market in gold mining shares was similar in terms of price decline and total time.
Notice on the first chart, the PDAC curse was in full effect after March each year of the BEAR market between 1996 to the year 2000. (Except for 1999). In the subsequent recovery and BULL market of 2001, 2002 and 2003, the gold equities had a further run after PDAC. (Marked by the blue vertical lines on the chart). The HUI continued to run into the spring during their seasonal strong period of April/May. We do know that markets do not repeat but they often rhyme.
We now know that we have completed the worse bear market in terms of time and price since 2011 through January 2016. After over four poor years of gold stock performance, the probability favors a post march rally at some time in the spring of 2017. Keep in mind that the 2016 fall correction for gold fell below trend and cut deeper than investors wanted to see. This may push back a more bullish rally until the second half of 2017.
@anomalloyNice work @robmcleod With so many geopolitical insecurities between Russia/Ukraine/NATO, China/Asia, Syria/Russia/Turkey, Euro elections and especially Trumps tweets and his unattainable promises that promote inflation, the US deficit and an eventual pullback of the U.S. dollar, I don't see anything but strength for gold at least until late spring, when investors see some strong indicators as to where we are headed.
@robmcleod@Goldfinger those are Jeff Sundar's charts from $GIS. I just know that markets were hot post-PDAC in 2016, and shitty in the prior five years. Hence some urgency and zeal by many junior CEO's to finance this month!
@Goldfinger@robmcleod Yes, I've definitely noticed a concerted push to get financings done. It makes a lot of sense given their paper is worth more than it was a couple months ago and March can often be lackluster month.
@robmcleodGood to see you at PDAC @BenjaminCox; for you or others, Paradigm Capital's 'takeover 20' by Don Blythe and Don MacLean is a well respected and read report for juniors in the gold-space. They independently analyze fundamentals in detail. It's very interesting to see how the different juniors compare over time...
@robmcleod$GTT highest grade soil samples I've ever seen in western Canada, managed by one of the best geologists in Golden Triangle, Charlie Grieg. Going to be a really interesting Phase 1 drilling program! #ownit
@Markedtofuture@murat thx $GTT@stateside writes: still waiting to see if someone wants out from the PP.If not there will be no more financings until they release drill results. @robmcleod writes: highest grade soil samples I've ever seen in western Canada, managed by one of the best geologists in Golden Triangle, Charlie Grieg. Going to be a really interesting Phase 1 drilling program! #ownit - thx!
@tommyI had a modest idea over coffee this morning. No expectations, no disappointments. Thanks for considering!
CEO.CA is growing our web dev team and adding new data services to the site. To pay for it I am working to generate some new revenue. We're getting closer with a few potential sponsors. I found an unconventional story with a very successful backer and a historic zinc lead project, with a lot more to it. I was wondering if I could ask you guys for feedback on it? Non sugarcoated. A quick 15-20 min desktop review by the likes of @ocotilloredux@drilltracker@hra-coffin@robmcleod@pamplonatrader@benjamincox@Brandon@90bigpicture@tim_oliver@criticalinvestor@thegalvanizer etc would be super valuable for our readers, and me, to understand concerns and better gauge the potential. I would write a brief with links to presentations reports etc for you to scan. I'd also commit to donating $1000 in the ~zinc panel's name to a Canadian kids charity of your choice (thinking Boys and Girls Clubs or Breakfast Club of Canada) if a few of you (the more the better) share a few comments or concerns. Just your initial take. I don't mean to presume your opinions are worth $1000 combined. That's obviously too low. But maybe it could be the start of something valuable? No pressure at all. Please let me know your thoughts.
Have a great weekend!
@stateside@nobshere - those soils are the best seen in years over significant legths and backed up by hard rock sampling showing the gold source should be under those soils. $GTT@robmcleod calls them the best seen in the area
@robmcleodDanO late responding to your comments on the $IDM FS and metallurgy update. Economics certainly drove the decision to go from float to WOL. In areas of lower sulphide content, we weren't getting the recoveries that we wanted. Op costs are slighly higher for WOL, and capex is about the same. Better recoveries offset the the capex increase. May use a Merrill Crowe system to deal with higher sulphide content, but metallurgists are say that it may not be necessary. Mine design is based on orientation and width; the cut and fill is more of a drift and fill, minimum 4 by 4 meters in areas of a shallow dip. Narrow longhole may work during mining since ground conditions are good. Backfill will be primarily development rock temporarily stockpiled on surface, and we will quarry talus for secondary stopes since their is a deficit of development material.