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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.
@traderyin@Ihostlong I am not concerned about the $GDXJ news at all. Sure, the index selling and re-balancing can alter the share price short-term, but I am in it for a bit more of a long haul. I see value in owning both $BTO and $TGZ especially when you are bullish in gold. I suppose people should stay away until this GDXJ news go away, but the market can react differently than expected. I would probably buy some more if this GDXJ news cause more price drop. Thanks
Not The Same AnonymousGOEX seems to be breaking down with GDXJ: not surprising as it holds many of the same juniors. At the same time GDX and RING seem to be holding up OK. It seems to me that gives retail investors about 2 months to identify the best companies at bargain prices when the dust settles. #BTO is an obvious one to pick up and would be my first choice for a handful. After that I'm spoilt for choice. Any suggestions?
@Goldfinger$RBC on $BTO:
"We view the strong production results as positive for the shares. B2Gold reported consolidated gold production for Q1 of 132,736 oz, above our estimate of 129,018 oz. Consolidated gold revenue in the period was $146.3 million on sales of 119,937 oz at an average price of $1,219/oz. B2Gold reported that the Fekola Project remains 3 months ahead of schedule and on budget with an expected start date of October 1, 2017.
Strong Q1 production results were due to higher than expected production from the Company’s Masbate, Otijikoto and La Libertad mines. B2Gold reiterated its production guidance of 545,000-595,00 oz for the year, including pre-commercial production from Fekola of between 45,000-55,000 oz."
@MiningBookGuy@FundamentalAnalysis@Excelsior & others - EXCELLENT continued #Africa#WestAfrica discussion! lol, #mbgtrends rapidly becoming #goto place for #Africa#gold talk, who knew?? :P
@Excelsior - haha, nice #MiningSnacks tag, creativity in tagging encouraged!
@FundamentalAnalysis - you mentioned $K as an example for consolidating #WestAfrica. Unfortunately, they are the prime example of what NOT to do...but what we as seekers of juniors look for, with the case of #RedBack Mining during the last cycle peak in 2010-2011. $K's #Tier1#Tasiast IS a main focus...but requires a huge amount of capital, and they can only do so much.
So it's clear that $K is a leader in buying 'small stakes' in various mining companies around the world. This still includes #WestAfrica (with $ORG, the #RedBack guys in their new company, being a prime example with the #IvoryCoast#exploration assets). They and others can still build stakes and minimize risk. Another example is $GFI with $CDV.AX in #Ghana, building a stake on the open market I believe ...that's a #miningsnack right there!
Anyway, the activity is there, but we haven't had big M&A, and for the M&A out there, it's been the mid-tiers taking advantage of the situation (with the 2 key ones I keep going back to being $BTO with #Fekola and $SMF with #Natougou, arguably the #1 and #2 acquisitions of this cycle ANYWHERE in the world...TBD)
Ok, probably enough out of me because I've got some other things to take care of. but thanks again for stimulating talk here, and #WestAfrica (and further #Africa) excitement is likely just beginning! glad that #CEO.CA is quickly becoming ground-zero for these types of discussions! :)
SweetloveB2 future looks bright and exciting. Good time to add.
click to invite
@JayfireI own $KL, got shares as a consequence of the Newmarket merger. It's one of the best mid-tiers out there along with $BTO and $EDV... I'm expecting weakness due to the looming GDXJ sell down, but other than that this is probably as good as it gets in the mid-tier space. Also comforting to see a large shareholder like Sprott coming in and swooping up more shares too when there's weakness.
@MiningBookGuy$TGZ and $BTO the strongest performing mid-tiers on my list today, both just about 7%. Both mainly focused in #WestAfrica.
Did I miss any peers in other parts of the world that performed on par or better today?
@MiningBookGuythank @anomalloy - $PG$BTO 1-day charts look similar after a quick glance. feels like a general #macro bounce not necessarily related to earnings or specific catalysts, but just curious how many others bounced as much as the 2 i mentioned. $PG was pretty close
@MiningBookGuy@BruceWayne - thanks for your opinion on $AU. I would never be able to buy new shares at these levels for $AU based on relative valuations with others. But I think I have to hold my remaining shares just in case 'the big score' pans out with Risti.
Takeover potential and $BTO connection are very interesting, but not the value drivers here IMO