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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.
@MiningBookGuypoint being: i don't think there's that many true #DistrictPlays out there. but it says a lot to have $AU be a standout WITHOUT any drill results on the property that everyone is going ga-ga over. I would rather buy something with the huge potential, but they 'already have something' more tangible...if they're worth 100M+ market cap.
that's another thing to think about. i will not sell all my $AU shares though, just in case this pans out and the 'pros' are right.
@BruceWayneAgreed, unfortunately these types of deposits arent the greatest for returning consistent drill results. The old saying, "drill for structure, drift for grade". Next steps might not be easy for $AU. Trenching works, but extremely hard to remove sample bias when visible gold is around
@JamesKwantesHi guys, just seeing the $AU discussion -- at PDAC Mickey Fulp focused on Aurion during his (entertaining) presentation at the newsletter writer presentations - and $AU backer and major shareholder Dave Lotan was standing at the back of the room. With a smile on his face
@MiningBookGuy@lukejackson - i disagree $ERD$AU "two very different tales". $ERD is NOT being valued as a development play. people are thinking 'grand slam' #exploration potential, like @2pac. it's worth discussing the differences further...they aren't that different.
btw, there's a lot of ~100M market cap companies like $AU$ERD at varying degrees of advancement right now. but the one similar thing across the board is that people are looking for that grand-slam exploration potential. i'm trying to get at the different risk/reward aspects of all of these.
but keep your movie/popcorn hat on! discussion for another time (unless someone else chimes in)
@LucTenHaveI recently talked to Gungnir. Interesting conversation and I am following the staking activity in Sweden now as well. Didn't see the Aurion application yet - that's interesting to know. I don't really like the way Gungnir reports this by comparing market cap. They should leave that to the promotors :).. But interesting anyway $GUG$AU
@Nick@poor-white-trash Tanzania is fairly good, safer than many other places in Africa. Biggest concern recently was the ban on gold/copper ore exports by the government in a push to get mining companies to process ore / value-add in-country. $ACA.L Acacia was one of the only companies affected though, most companies/gold producers like Anglogold do refine in country. All sentiment related really, don't see this impacting $MSR.AX
@MiningBookGuy@fbx258 - good to hear! lol, i try not to talk publicly about 'my broker'...but the cat's out of the bag! and he seems to be doing everything he can to get exposure now, with an IKN spotlight today :P
btw, this is still $SWA room. i'll send you to a direct message to continue conversation so that it doesn't clutter here for the 'non-SWA' talk. And I absolutely agree on $SWA vs $OKU.AX ... $OKU.AX is being priced similarly to $AU ...investors/big players are thinking either of these can be a 'grand slam', with $OKU.AX on limited drill results, and $AU still at the pre-drilling stage for Risti the new flagship project
@LucTenHaveOnly company not fully valued is Magnus Minerals.. very well run private company from Finland
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@LucTenHaveManaging Director Carl Löfberg is doing a good job spreading the word.. He is at most major conferences in Canada
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@LucTenHaveIm not saying Aurion has no upside. But at a market cap of 102 million it will need some significant news to make a difference. I believe most of the well known investors in this junior exploration world have taken a position.
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@LucTenHaveThe best land is owned by Aurion Resources, S2 Resources, Anglo, Agnico, Dragon Mining, Magnus Minerals
@martinI talked to Dave Lotan, the interim CEO, about his involvement with Rapier. While he is fully committed to preserving value and stabilizing the company, his involvement will be relatively short term. He became CEO through a set of circumstances, not by his design. He will make sure a good leader is in place and new strategic direction set before stepping aside. Dave's experience and insight into how to turn companies around will be invaluable to Rapier's current situation. It does seem like there will be many hurdles to cross before the company will be healthy again. This situation is different than that of Aurion $au where Lotan is the largest shareholder. With Aurion the share structure was progressively cleaned up over time and through good exploration, property acquisition and management they achieved the current level of success. Rapier is a long ways behind in that process. I will not become a shareholder as I see better options for near term success. The key to success will not be Lotan but rather the new leadership. $RPR
@BruceWayneIs $AU doing any fieldwork right now? When does drilling start?
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@martin@brucewayne Field work will start when the snow is gone in the Northern Finland area. My understanding is that will happen in the May to June time frame. There is a lot more area that needs to be looked at on the ground for starters.
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@martinDrilling has not been announced, but they have the cash for it.
@VaughanWhat I can say @Tommy is that Dalton is a standup character. A former colleague of mine who was the top BMO Private Wealth Consultant in Canada in 2015 (sales role for BMO Private Banking) who is also a millennial from the West Coast of NL (and a very good friend of $AU CEO Mike Basha - NL is small as I said) said he was hands down the best salesman he has ever met. $ALS
@NewtonAlso very interesting to read about $AU in #Haywood report after interview with Mickey Fulp on $MAW recently. Aurion is prospect generator in Finland "Central Lapland Greenstone Belt". Like Abitibi, but without extensive development they say. Database with lots of rock assays and base of till samples over 350,000 hectares owned 100%. That is equivalent to 3,500 KM Sq. by my math, which is mind-boggling. Largest holding package I have heard of. Miles Thompson is an advisor. $12M cash, last financing at $1.57 for $8.7M, trading at $1.70 as of report. Market cap $105M. Report doesn't mention what sent shares from ~$0.50 to $1.80 in Feb 2017, but digging back through CEO.CA chat logs shows it was news of bonanza grade grab samples: @marketwired/aurion-discovers-new-bonanza-gold-zone-at-risti shoutout @LucTenHave for being in right place at right time there. Particularly this post: https://ceo.ca/au?4f30dd8ff3db looks like a bit of a rush there! #index
@Newton#Haywood report also covers $RUP, another #Finland story with $AU and $MAW. FTR $AEM has operating mine called Kittila there, 200K oz #gold annually with cash costs ~$700, 4.5M ounces reserves. Area is in play. $RUP is new to me -- rebooting old mine. Haywood report notes team led $KGI from 300K oz resource to 1.5M reserves and 150K oz production pa. Notes Rupert bought Finland property for $2.5M and aiming for 35K oz production in H2/17. That would be nice spin-up. Sounds like similar geology to others in area with gold in "fold limbs". Also interesting to note started as open pit but went underground in 2004 to help with permitting. ~$1M exploration work plus some amount on development, which I don't see. Non-brokered PP for $11M back in October with 15M shares at $0.65, currently trading ~$1.30. Market cap ~$125M with $10M cash. 125KM Sq. land package. #index
@NewtonGreat to pick up some info on $RUP and $AU from #Haywood Junior Exploration Q1/17 Report. Lots of info on a single page there. Good combination of straight facts with a bit of colour. I was impressed by $AU and $RUP -- both are cashed up and have highly successful people involved. Makes me all the more interested in #gold in #Finland.
@MiningBookGuy@FundamentalAnalysis - lol! i think $SWA would need a lot of help from the gold price AND exploration success to get to a ~200-bagger from the bottom...but it could happen!
I actually think the best chance out there right now is $AU. I'm not sure what the 'all-time' low was...but i am seeing 0.03 CAD from a few years ago. It hit a high of about 2.03 CAD recently...so already ~67-bagger there. AND, many people smarter than I am think it could easily multi-bag from here!
For the record, I own very few shares now, and took most of my ~3-4 bagger money in $AU to other places. But out of ANYTHING I follow right now, it seems like some people are betting this could be a ~1000-bagger from the bottom in this cycle...which is absolutely incredible, and I don't think anyone has really discussed that yet! We'll see soon enough if those 'gold boulders' at Risti really imply the motherlode is just a few drillholes away...
@marketwiredDavid Lotan joins Aurion Board of Directors @marketwired/david-lotan-joins-aurion-board-of-directors$AU#news/gold David was the founder and CEO of the structured finance operations of Polar Capital - a Canadian merchant bank and alternative asset manager, acted as a portfolio manager for the Ontario Teachers' Pension Plan and was a risk management consultant with PricewaterhouseCoopers focused on commodities and rates. Mr. Lotan is a Chartered Accountant and CPA.
@Kassattack@DrunkenSpeculator I made good money on Canplats through PVE during the last good gold run so I couldn't resist I got in today around $1.60 $cor. Hoping they can hustle these assays up and I can shuffle some more coin towards $au