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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.
@Excelsior@PamplonaTrader - Great suggestions. I'm not really familiar with Anglo Pacific Group $APY , but really appreciate the heads up. Since we are reviewing companies with royalties or a strategy to JV their multiple projects for a NSR then here are a few more companies (not mentioned in the primary list above) that have aspects like ~ProspectGenerators : Almadex Minerals $AMZ , Aurion Resources $AU , Avrupa Minerals $AVU , Colombian Mines $CMJ , Eagle Plains Resources $EPL , Renaissance Gold $REN, and Terraco Gold $TEN
@Fischlaender$cmj with a very interesting portfolio of projects in Colombia, plus the now inked deal on the high grade Nevada Pamlico project. The outstanding issue is how to finance. In order to get the necessary funds they will have to double the share count at current levels.
@martinThere is no discussion yet on the Pamlico acquisition so I'll get it started. This is now the $CMJ flagship property. Bob Carrington, CEO, is quite familiar with Nevada. Pamlico belonged to a friend of his father who had to sell for health reasons. The Pamlico property has seen artisanal mining since 1884 and has for the most part been privately owned the entire time. There are over 100 high grade, but narrow, veins that have seen some level of mining. There has been limited mapping, and less than 100 drill holes. The metallurgy appears to be simple, with gravity recovery a possibility. Klondex is successfully operating the Fire Creek and Midas mines in the area which may be a good analog to what CMJ can do. Klondex also has a mill about 30 miles away for which they need additional feed. CMJ is seeking JV partners. They have not paid executives any compensation since 2014 as they have limited financial resources. Market cap is $8.7M. This looks like a fresh story with potential. #prospectgenerator
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@Fischlaender@danFromVan we are all looking for those kind of companies... Imho the best chance is to compile your own little basket of such companies and then hang in there, also very much depends on your time horizon, i.e. how long are you willing to sit tight and watch and not to get frustrated if picks that are not in your basket move while yours don't. I eg hold a basket of companies that match your profile (mostly, as not all are currently drilling and some exceed 5million market cap a bit) as follows (among others): $whn, $ion, $ryr, $mon, $wcb, $nvx, $cmj, $bex, $adg, $wkg but there are tons of others! Make your pick. :-)
@racker"Be boring, make money" BMO's Michael Mazar on Computer Modelling Group $CMG.. A "headache-free stock... for [investors] who don't want to deal with massive swings in the energy cycle... Something like $CMG is a steady cash flow generator and a steady performer and a nice safe dividend and lots to like there."