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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.
@LTR@Miningbookguy At the end of September, 2016 $SA held 2.5 million shares and 20 million plus warrants of $OSK, 23.75 million shares of $JG and just under $7 million. Subsequently invested about $1.5 million in Tethyan. Ballpark $22.5 million and MC of $7.6 million
@statesideJr's with holdings in other jr's usually see a deep discount due to the difficulty in disposing of shares at market value (usually need to wait for a take out) but $SA Southern Arc does look interesting with a $9 million market cap. Holding shares in $OSK worth about $10 million (with the way Windfall is progressing they may see that take-out), $7 million worth of $JG Japan Gold that is at the bottom of it's range and owns 30% of Tethyan $TETH.L. Don't own any $SA shares but I may want to own some.
@Fischlaender$JG while those impressive figures seem to be historical from the Japanese state mining authorities they highlight the potential and I am very curious what figures the JG geos have come up with (assays pending). $SA remains the more conservative option to play JG with additional upside through $TETH and $OSK positions that SA holds.
@JamesKwantesInteresting to see insider buying at Japan Gold $JG. Director John Carlile (a geologist) has been nibbling since late last year, most recently 79,000 at .30 SEDI:JG Lots of properties and cashed-up but not much news flow
RedLake Capital@jamesKwantes I have been buying more $JG lately. As a matter of fact, bought almost everything when it traded below 30 cents. Spoke with IR the other day and they are waiting for permits so I think drilling is behind schedule, I am thinking June-July.
@JamesKwantesGood news for $JG, although headline is a bit misleading as it appears the rights will allow them to drill too (not just prospect). A slow-moving story but one with potential at this level
@BSJapan is part of the ring of fire around the Pacific Ocean, known for its tectonic & volcanic activity, and large mineral deposits.
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@statesideJapan and Newfoundland jr's are ignored right now but this Fall should be heavy in discussion with drill programs going. $IRV$JG$TORQ$ANTL - and yes, throw that sick puppy $SIC into the mix. (and $MEK ) Note - $IRV just sampling
@0Kib@stateside I like $SA as a safer way to play $JG. Downside protected through $OSK holding while keeping embedded $JG call option intact albeit at a holdco discount
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@0KibOnce they figure out an affordable way to drill (e.g. by bringing drills from abroad as local drills are too expensive), they cannot not find something substantial in Japan. Almost every country with/near Volcanic past has been prospective. Sudan and Japan are sort of the last still underexplored areas. The average historical grades across Japan are silly high. Still I'd rather play $JG through the cheaper and safer $SA. The supersmall share register is further shrinking with the buybacks, which itself are a rarity in this space. #Gold
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@0Kib$SA NAV is around $20m ($10.8m $OSK + $6.6m $JG + $1.8m $TETH.L + cash) vs $13m FD Mcap, so around a 33% discount to NAV. So essentially, you get exposure to JG for free. If JG turns out to be a dud, you don't lose much given the other assets (which by the way are still appreciating, OSK in particular, is a takeout candidate), but if it works out, you capture most of the upside. Heads you win, Tails you don't lose much! #Gold
@statesideStateside Report Podcast - May 22, 2017 - http://www.statesidereport.com - In this episode of the Stateside Report Podcast we take a look back at the week in gold, silver, the base metals and the stocks and then wrap up with news from the sector including press releases from Genesis Metals $GIS McLaren Resources $MCL Galantas Gold $GAL Integra Gold $ICG Goldex Resources $GDX Salazar Resources $SRL White Gold Corp, $WGO Ceiba Energy Services $CEB West African Resources $WAF Bonterra Resources $BTR NuLegacy Gold $NUG Eastmain Resources $ER Probe Metals $PRB Newcastle Gold $NCA Inventus Mining $IVS GT Gold $GTT Mexican Gold $MEX Africa Oil $AOI Engold Mines, $EGM Nortec Minerals $NVT Japan Gold $JG and Camino Minerals $COR We talk gold, silver, zinc, lead, nickel, copper, uranium, oil and gas.