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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.
@SpeedinThe loranger property seems promising and Mr Sykes has a track record of being involved in quality projects. I'm hoping for favourable results in the next week or so
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@flippyI received this reply today from Appia re. drill results: It usually takes a few weeks after drilling starts, especially when we are drilling in Saskatchewan for high grade uranium as the samples have to go to the Saskatchewan government laboratory and at this point I know they have been very busy.
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@SpeedinI guess they won't be releasing any scints from the core ahead of time and will wait for full assays
@tcuOther than the obvious front runners being $NXE, $DML I would suggest looking at $SYH, and $EFR. $SYH has similar upside to $GXU (maybe a little less) also $API makes my list of massive potential based on management, assets and geologist alone. Great story. Could be a home run. Now $GXU and $NXE are by far my front runners
@ValueInvestI am a shareholder of $API. Here is my value assessment. $API owns about 250 million pounds of uranium and rare earths (43-101). Management is valuing the rare earths at the same value as uranium. I value metal in the ground at 1/20 of the current metal price. Uranium is currently about $20 USD. I take $20 : 20 = $1 USD. My calculation: 250 million pounds of uranium equivalent x $1 USD = $250 million USD. The Intrinsic Value of $API is $250 million USD, but its current market cap is about $10 million. So $API is 25x undervalued.
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@ValueInvestBut $API has a bonus. The company employs James Sykes. He is one of the best uranium geologists in the world. He discovered the large and high grade uranium deposit 'Arrow' for $NXE in the Athabaska basin. Mr. Sykes is a very passionate geologist, often staying overtime and working in his free time in the shack analyzing drill results. Mr. Sykes comes from a uranium explorers family as his father was a geologist as well. Mr. Sykes has been exploring the Athabasca basin for 10 years and has developed his own 3D computer model for finding high probability areas for finding uranium deposits. He now has handpicked about 3 areas in the Athabaska basin of which he thinks has the highest probability for discovering the next large and high grade uranium deposit. All these areas were acquired by $API. Currently Mr. Sykes is drilling 22 high probability targets on the Loranger project in the Athabaska basin, and he is confident he will find the next great discovery. Conclusion: besides the huge 43-101 resource $API already has, it also has the best uranium geologist in the world exploring for uranium in the Saudi Arabia of uranium (the Athabasca Basin). If I were a betting person, these odds look very favourable.
@wannabeinvestor$API what a dog. Bought a little in low thirties, a starter position. Thought the pullback had run its course and I was intrigued by the drill play potential. Guess there still is that potential. Should uranium turn, this could indeed to well because it's got all these high cost lbs in the ground, i.e. an optionality play. Then again these lbs in the ground will not be put to production any time soon, unless of course politicians will do a complete u-turn and start building reactors for real. So I hope they will make a meaningful discovery or else this is dead money until uranium turns. When that is, I don't know. I am done projecting. Most uranium co executives and Bay Street analysts keep touting the same message, fact is this market consists of buyers and sellers. Buyers, i.e. utilities with NPPs are struggling to compete with subsidized zero marginal cost alternatives world-wide and with chap gas in the US.
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@ValueInvestThe forecaster in me is having a vision of a permanent higher gold price around $10,000 and silver price of $500. We may get an overshoot to $20,000 or higher but gold will settle around $10,000 and will not drop back to $1,000 ever again. The financial system is shifting and I think we are going toward a gold based financial system at least for the next decade to transition from the distrust in fiat into the next currency system. Therefor I believe in holding $FR, $FF and $GOLD.V for the very long term (next 5 years and longer), because we will see a prolonged period of a gold era.
I see the same long term change for uranium. 200 new reactors are built in the next decade and 50 reactors come back online in Japan over the next few years. In the last 50 years we had a huge shift of people migrating into million+ cities. There are currently a lot of problems with air pollution in these cities in China and India. The migration of people into million+ cities will continue, but the air quality must change. Nuclear energy is the lowest cost, clean air, 24-hour base load electricity and therefor reliable solution. A lot of uranium demand is coming, at a time where current large uranium mines are being depleted and no new major uranium producing mines come online. And considering the fact that it takes about 10 years to create a producing uranium mine from start to production. In my opinion, we are at the beginning of a uranium revolution, at a time where there will simply be not enough supply to feed the growing demand. The price of uranium will go to $200 and higher. I believe in holding $UEC and $GXU for the long-term. I have take a speculation in $API, which is mostly a bet on its geologist (James Sykes).
@ValueInvest@Bimbeebop nice chatting, difference of opinion, that's ok. It is my opinion that gold and silver are manipulated. I think most people and yourself would agree with that as well. The price you see today is not accurate, but a manufactered price set by the banks. Whatever the real price of gold and silver should be is anybody's guess. As a value investor I don't look at the daily gold and silver price. To me the hourly or daily move from $1,260 to $1,280 does not matter. The price is just rapid changing blips on screen, determined by a paper (and not physical) market. I just know that they are extremely undervalued. And because of that the quality mining companies are undervalued. I hunt for bargains, that is high quality assets at a fraction of the price and then I take a long-term perspective (3-5 years). I only look at the price of a stock when I buy, to make sure I buy undervalued. Once I'm fully positioned, as I am now, I don't look at the daily price, but rather follow the progress of the business. I hunt for quality commodities (gold, silver, uranium and zinc), quality management teams (Keith Neumayer and Amir Adnani), quality geologists, and quality businesses with a resaonable resource deposit ( $FR, $FF, $GOLD, $UEC, $GXU, $API, $CNX). I dollar cost average, becuase I suck at timing. History has shown that the correct price of gold is the price that can back all paper money. If that will happen now, I don't know. But they sure have printed a ton of fiat world wide in the past 8 years. I realize that making forecasts is a fools game, nobody knows how high gold and silver will go, I just know that it will be a lot higher in the coming years, than where it is at today. But if I am betting man, I believe that the US Debt Clock http://www.usdebtclock.org/ comes pretty close to an accurate forecast. You should scroll over the prices and see how they come to that number. I think we will see a major financial crisis, that will lead to a global restructuring of the financial system. But people will have lost all faith in fiat currencies and will not want to accept any new global fiat replacement (SDR). People will demand solid money, therefor my reasoning that gold will play a part into that restructuring. It is the vital element needed for the masses, in the depths of a crisis, to accept a new financial system. Gold will bring stability and restore confidence in the financial system. At what price that will be, I don't know, but much higher than the price today.
@tcu$AUG time to add, $ERD a slam dunk and $API a very risky but potentially massive reward at the end of the tunnel. $AUG specifically caught me offguard with the recent reversal after it looked to have broken long term wedge consolidation. definitely a buying opportunity with the largest drill campaign out there. GL