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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.
@PamplonaTraderAlmaden Drills Further New High Grade Mineralisation Within and Outside Amended PEA Pit, Hits 105.00 Meters of 1.20 g/t Gold, 87.1 g/t Silver and 38.60 Meters of 1.08 g/t Gold and 106.2 g/t Silver $AMM$AAU
@BSNot much talk here recently about Almaden Minerals $AMM - Yesterday's release of the PFS for Ixtaca, with 41% IRR after tax at current metals prices has led to some serious buying - up well over 10% since yesterday morning. Relatively low up-front capital and plenty of exploration potential on the property. #Take-over target, worth discussing a bit more on the chat!
@HRA-CoffinI was impressed that they actually improved the numbers a bit going from PEA to PFS at Ixtaca - that doesn't usually happen. They are being smart about the CSR stuff too. No surprise given how much experience in country the Poloquins have. They have already bought most of the surface title they will need. There won't be ejido issues. Also not acid generating as the mineralization is hosted by limestone. I'll be surprised if someone doesn't come after it. $AMM
@BS@highheat$amm management has done the same thing, in the past at least... And $edr and $fr have delayed sales of silver to get better prices. Not sure how successful. The risk is that mining companies generally have lots of things they need to spend money on to keep operations going, so it's not always possible, even for those who believe metal prices will rise. Or they may end up having to sell metal at a lower price..
@hoo datSprott doing a placement of $DYL.AX@25 c with 50 c warrant, unfortunately $DYL.AX is trading @24c lately Sprott's financings have been at market or over market prices. $EMX and $AMM being recent examples.
@HRA-CoffinI know nuffing. I've tried twisting Morgan's arm and he claims complete innocence and ignorance. Makes a guy wonder if someone isn't stalking it. I still think it should be a lot higher on the potential takeover list than most others seem to think.
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@BSAgreed. Volume is a bit higher today than it has been recently, but hardly the kind of volume you would expect if a possible suitor was trying to acquire a significant position. Which does indicate that there aren't many sellers at the moment.