The information on this Website is not reliable and not intended to provide tax, legal, or investment advice. Nothing contained on the Website shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@JamesKwantesSaw a great talk by $IDM exec chairman Mike McPhie yesterday at a Vancouver CIM (Cdn Institute of Mining, Metallurgy and Petroleum) luncheon. Talking about Red Mountain and the high-grade #gold mine they're building in the Golden Triangle. One of only a few near-term producing h-g stories. Lots of talk about BC risks w/ election & FN but IDM on top of things, with good relationships
@EvenPrimeI'd like to introduce an idea!
We are almost half way through the year, and the Sell in May
and Go Away thoughts may be present in the mind. If you are in the Stock Picking Contests,
Id like you to write about how your picks have performed. Why you made the decisions you did,
and what worked/didnt work out.
*Make sure you use the $ to identify the ticker
I think we could all learn from reading about everyone else's experience.
I'll go first:
Sitting 8th Place in #StockPickingContest (out of 146 people) woot woot
$TK up 180% (Will > 200% next week I wager)
$NRN up 18% (The guys in the channel will kill me for saying this, but ... blah! Im bored )
$VTT up 45% (The ship left port last week, can still see it from shore though, but not for long)
Sitting 5th Place in the #SafestStockPickingContest (out of 28 people)
$NXE up 37% (Sold all my shares last week to make room for an IPO and bought more $TK - I'll be back asap)
$SBB up 87% (I have a lot in this but I think I will sell half soon. I stress because its a binary play, although I do believe it will succeed)
$IDM up 3.5% (A lot of warrant expiring over last week if I recall. Should grow legs soon but I watch from the bench)
Sitting in 40th Place in the #BonusPickShowDown (out of 58 people) *Homer face palm - dough
$WHN down 10% (Damn it - absolutely nothing going on!)
* I chose $NRN in the one contest for the same reasons I chose $IDM in the other.
I did believe at the time they were under-valued and would provide a solid
20-30% over the year end. $IDM sure has their work cut out for them share structually speaking
but I reckon we'll see some action in the next few weeks.
Ironically, I own every stock except $NRN and $IDM,
as I sold them last December and August respectively.
With $WHN in the #BonusPickShowDown, I admit it really was a chance play. Although I wouldnt consider
them under-valued at the time, I did believe that with another drill season, they'd get that share price
active again. I am wrong so far, and the channel is all but dead. I just thought Gren might have had something
up his sleeve and I wanted to bet on it.
@EvenPrime@DullesB lol - you've made some other great calls though lately haven't you? But I did say, "I reckon we'll see some action in the next few weeks" $IDM so no hopes being given up hehe don't worry ;p
@robmcleod@Vaughan we're targeting releasing FS results in less than a month, filing our EA submission shortly afterward. It's going to be an exciting couple of months, with drill results as well. Grateful for your investment! Cheers
@NewtonWill $IDM production be in lower quartile? Big veins, 16M wide iirc. High grade 8.75 g/t plus silver credits. 1,000 tpd operation, no camp because local housing. Tailings and processing couple miles from mine, down valley, I believe. 6 year mine life but growing. Quick start. Commercial production by 2019. 1,000 ounces gold per vertical meter with down-dip extensions in the works. @robmcleod!