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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@Juho - Thanks for the feedback on #Silver stocks. I trade many sectors, but am kind of partial to the #Silver miners. Yes with $DV$DOLLF Dolly Varden I had a nice 4 bagger but I still messed up and sold when the $HL Hecla deal blew up and they announced their dilutive financing. I'm concerned about where things are going at present, but if $DV is going to run with it a while longer I may get back into a position.
$FVI$FSM Fortuna Silver Mines, $ASM Avino Silver & Gold, $AXR$AXU Alexco Silver and Gold are all very well run companies.
$MAG silver is solid with their JV with $FNL.F$FNLPF Fresnillo, and it is likely that Fresnillo will just buy MAG Silver eventually (although most of that has already been priced into the shares at this point).
$IPT Impact Silver and $AG First Majestic are 2 of the purest Silver plays that I'm aware of.
$SCZ$SZSMF Santacruz Silver is a good little producer that needs Silver to stay above $17, and they've turned the corner in a big way. The only concern with $SCZ is that they don't have many funds in their warchest, and may need to do a capital raise soon, while their share price is elevated. There may be a better buying opportunity if that was to happen.
As for $SBR$SVBRF Silver Bear Resources, I had never heard of it until it got mentioned this last week, but it looks very interesting indeed.
Yes $CUG$DFCPF Cyprium is still very speculative, but they got the mine relaunched for $1 million in 6 months and are going into Silver production right away, and I like that they are taking action and starting small to grow larger around the old mine workings.
Another company, that is quite speculative, is $MAN$MMNGF Monster Mining. They are right next to $AXR at Keno Hill silver district in the Yukon.
We also discussed $BBB$BXTMF Brixton Metals today with their past producing Silver mine in Ontario, and property in the Golden Triangle of BC. Good stuff!
@Excelsior@motorolja - My top holdings for #Silver companies in 2016 have been $SVM$SVMLF Silvercorp, $USA$USAPF Americas Silver Corp, $IPT$ISVLF Impact Silver, $AXR$AXU Alexco, $ASM Avino Silver & Gold, $AUN$AUNFF Aurcana, and for part of the year I held $SIL$SVCMF Silvercrest (but sold too soon). I also owned $GPR$GPL Great Panther earlier in the year but traded out of it into summer strength. [I did own some $FSM Fortuna and $HL Hecla at the very beginning of the year both sold at the end of the first quarter to rotate into the smaller companies]
I bought $DV$DOLLF Dolly Varden earlier in the year and tried to get the word out for months that $HL Hecla would make them an offer when they moved their offices inside of Hecla's building and did the loan with them, but sold once the deal fell through.
I was aggressively acquiring $NIM$HUSIF Nicola Mining at the end of 2015 going into 2016 because I wanted to see them relaunch their Treasure Mtn. Silver mine (from when they were Huldra Silver), but they've pursued Gold/Silver tolling and exploration on their Copper asset instead (and had some great results so far). I still have a core position in $NIM but trimmed it back on the share price pop due to their #Copper drill results.
Recently I've added $BBB$BXTMF Brixton Metals, $CUG$DFCPF Cyprium Mining, and $SBR$SVBRF Silver Bear as more speculative undervalued #Development stage companies (technically $CUG Cyprium is now producing Silver but they have not ramped up to commercial throughput yet).
For even more speculative Silver plays I am still watching $DV Dolly Varden but believe that $BHS$KXPLF Bayhorse Silver is undervalued, and I like that they can fast-track their permitting due to their unique jurisdiction legalities.
Monster mining changed names to $MAN$MMNGF Metallic Minerals, and they are adjacent to both $AXR Alexco and $ATC ATAC Resources, so I have traded it, but am waiting for a better entry point at present.
Other #Silver miners on my short list to acquire are $BCM$BCEKF Bear Creek Mining, $EXN$EXLLF Excellon, $SCZ$SZSMF Santacruz Silver, and $KTN$KOOYF Kooteny Silver.
Lastly, there are also companies I hold or have traded this year like $MND$MNDJF Mandalay Resources, $SMT$DBEXF Sierra Metals, $MUX McEwen Mining, $AZ$WLDVF Arizona Mining (previously Wildcat Silver), and $TV$TREVF Trevali Mining that have substantial Silver credits to their asset mix.
@ExcelsiorAs for the #Silver miners they really are my favorite sector in resource investing (over Gold miners, PGM miners, Base metals, Uranium, Lithium, Oil, Renewables, Soft commodities etc...) because of their explosive nature [to the upside and downside]. I've been trading them for years now in good cycles and bad, and they definitely are still under-rated, under-followed, and misunderstood by most investors.
At first, I focused on the trading the household names like $SLW Silver Wheaton, $PAAS Pan American Silver, $SSRI Silver Standard, $HL Hecla, $CDE Coeur, $FNLPF Fresnillo, $TAHO Tahoe Resources, $AG First Majestic, $HCHDF Hochschild Mining, $EXK Endeavour, etc... I had spent a lot of time listening to Rick Rule discuss being in Tier 1 assets with only the A-teams.
It wasn't until I better understood the Jr miners and had discussions with many wise investors that I came to realize that isn't always where the larger percentage gains are. It is often the #TurnAround stories where you'll have more risk but also much higher returns. As a result, I want to own the "Best of the Worst" :-)
When the metals prices sunk below some miners cost of operations during the bear market from 2011-2015, people threw out the babies with the bathwater and smashed down the prices of many Jr Silver miners to levels that were comical. Many just needed Silver in the $17-$20 range after spending years trimming the fat, reducing costs, improving recovery rates, etc.... What that means is that for each $1 #SILVER rises, it can have a huge multiplier effect on a smaller company's margins and thrust the share-price up on much larger percentage basis than one of the larger juggernauts. They teeter below profitability and suddenly get pulled up into profitability and that is where the large moves are to be found.
In Jan-Feb of 2016, a group of us went in very heavily into the Jr Silver miners and mentioned we were "holding our noses as we bought more" because the valuations were so out of wack. Brent Cook and Mickey Fulp had an "At the Bar" segment where they scoffed at Silver investors as wackos and "Wing-Nuts" and chuckled to themselves about it, saying Gold was where to be. Well my investments in early 2016 into $SVMLF Silvercorp, $SVCMF Silvercreset, $USAPF Americas Silver, $AUNFF Aurcana, $GPL Great Panther, $AXU Alexco, $ISVLF Impact Silver, $DOLLF Dolly Varden, and $BXTMF Brixton Metals trounced the returns of the stocks they were plugging with most up 400%-1000%, and this also crushed what investors sitting in the larger cap Tier 1 assets with the A-Teams were making (with the exception of $AG and $CDE), and for that matter what SIL or SILJ returned (since those hold the household Kitco list names). The larger names are "safer" for trading in a bear market because you know they'll survive it and have better costs already in many cases, but when the baby bull got going, it was the "forgotten man" of stocks that put on their dancing shoes.
This is why I'd rather build my own ETFs and actively manage them. The same thing is true for many of the unloved #Gold Jrs where there are dozens of small producers and development-stage companies that hardly anyone discusses, and they aren't in most ETFs, and yet, they continue to make improvements in their AISC, Revenues, and will have a much larger multiplier effect when the worm turns to the upside in pricese. Also, because they are more thinly traded, when the interest does hit, then it forces the stock much higher when volume enters. Fun times!!!
@marketwiredDolly Varden Silver Corp. Appoints New Officers @marketwired/dolly-varden-appoints-new-officers$DV$DOLLF In connection with the Dec 6, 2016 appointment of Gary Cope as President and CEO, replacing Rosie Moore, Stephen Brohman, CPA, CA has been appointed CFO, replacing Alain Voisin, and Melissa Martensen as Corporate Secretary, replacing Connie Norman, effective today.
@marketwiredDolly Varden Closes Offering of Common and Flow-Through Shares @marketwired/dolly-varden-closes-offering-of-common-and-flow-through$DV$DOLLF Gross proceeds of approx $3 mil (781,250 $0.64 cent Common shares, 3,472,222 $0.72 Flow-Through shares). Proceeds for exploration and corporate purposes. 2017 program prep has begun and will continue for 120 days to define drill targets to grow the resource and de-risk exploration targets. DV has 34,464,759 common shares out following the financing.
@Excelsior@CriticalInvestor - Thanks for covering $DV$DOLLF. I made some nice coin in 2016 trading Dolly Varden and I accumulated heavy when they took out the loan with $HL Hecla and then moved into their office building (ding ding ding). I told investors for months that Hecla was going to make a move on them for an acquisition, and then they did (not a surprise for anyone following their press releases and reading between the lines). $DV is still a good #Silver#TakeOver target.
I sold my position when the deal fell through, but made a nice return, and I've been watching for a good entry point since then. It is looking like good value to me presently.
As for Gary Cope - He is a good guy and was very successful with selling Orko Silver Corp. to $AG First Majestic in the last cycle,
#Korelin Economics Report UPDATES FROM MANAGEMENT – TUE 18 DEC, 2012
GARY COPE DISCUSSES THE RECENTLY ANNOUCED FRIENDLY TAKE-OVER BETWEEN ORKO AND FIRST MAJESTIC
....and has been behind $REX$ORMNF Orex Silver since then in their JV with $CLZ$CNSUF Canasil.
It will be interesting to see what Gary does with the team and deposit at $DV.