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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.
@Cat-.-FoodMore details. Recently (and along with that other full-scale Giustra sycophant and scumbag Tommy Humphreys at CEO.ca) Ameduri pumped Japan Gold (JG.v) to his flock of sheep in exchange for yet another one of those six figure bribery cheques. The stock rocketed that day (Sep 19th) from 60c to 85c as the idiots who believe this tripe piled on to the tune of over 3m shares, but the days that followed saw immediate large scale selling as Paes-Braga unloaded all his pennystocks. Here we are a month later and JG.v is at 42c.
@marketwiredJapan Gold Receives Priority for New Prospecting Rights Adjacent to the Historic Sanru Gold Mine in North Hokkaido, Japan @marketwired/japan-gold-receives-priority-for-new-prospecting-rights-f5dab$JG SAMJ is now authorised to commence low impact exploration activities such as geological mapping, geochemical sampling and geophysical surveys on this area, pending completion of a multi-step process of government consultation and review prior to final granting of the Prospecting License.
@Manolo#Haywood also reporting about Japan gold #JG subsidiary SAMJ which has acquired 35 contiguous Prospecting Right applications covering area of approx 11,269 ha adjacent to the historic Sanru #gold mine (215,410 oz of gold at an average grade of 7.4 g/t and over 1.4 moz silver between 1925) in Northern Japan. #JG CEO John Proust happy to see extension to their already significant portfolio of high grade prospects.
@racker@Brent_Cook on #Japan “…probably a really good place to be exploring because it hasn’t been hit that hard, certainly for precious metals deposits. Working in Japan, you need to be extremely well connected to get anything done there.” Does not mention the two TSXV listed Japan explorers, $IRV and $JG.
@lukejacksonLooking across the board - $JG might be actually a sneaky good buy at these prices. 55 million shares out with no warrants (16 million market cap). Drilling should get going soon. First world exploration for sizeable high grade mines. Cashed up having raised $7 million in September. Assuming $5 million left, that's a 11 million EV. They pretty much have their pick of the litter as one of two non-Japanese entities exploration the region. Sorta a "final frontier" feel to it. Just..gotta... find... gold.
@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.