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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.
@MiningBookGuy$ORG - there's clearly some of interest in this company, but not too many comments (though thanks @Empire and @martin for providing a few). I'm reposting back-to-back NRs releases today and yesterday for the ~AUfrica panel (particularly relevant as I'll explain below). I think MANY new people will 'discover' this company later in the cycle. But I'll give you one REALLY good reason to start paying close attention now:
The 2 NRs:
The 2nd NR is great, and a continuation of "pre-PFS" work for the #Sudan#gold#development project. Much of this is documented in the $ORG room. #Sudan is getting better in both perception and reality (even if some refuse to believe this). #Water is likely the primary issue, and hopefully here some positives on this in a future NR.
But the MAIN reason to start paying attention now is the first NR, where FINALLY $ORG has diversified into a 2nd country, one of my favorite 'emerging jurisdictions' in #WestAfrica, The #IvoryCoast. This is VERY exciting! The best summary is in this picture from the NR: http://media3.marketwire.com/docs/4505Orca.jpg+
HUGE potential land package here, some $ORG is getting on their own, and some from $K, who is now becoming a strategic shareholder (assuming this deal goes through). Intuitively, I'm most excited about the land adjacent to Tongon in the north, which is $RRS.L#Randgold's mine in #IvoryCoast. Keep in mind that Mark #Bristow is repeatedly on record saying #IvoryCoast is the most exciting jurisdiction in all of #Africa for #gold#exploration right now.
incredibily, there are very few companies juniors exploring here. But the mid-tiers & majors prove interest is great, I'll list a few: $RRS.L$PRU$PRU.AX$TGZ$TGZ.AX$EDV$RSG.AX$NCM.AX ...and the only other Canadian listed junior explorer/developer I can think of is $MARL$MARL.L. Anyway, $ORG immediately becomes the 'go-to' junior for #IvoryCoast#exploration exposure ($MARL is very interesting, but a lot more value tied up in Hot Maden in Turkey, so it's not as good of an 'ivory coast exploration' bet right now). In addition, this immediately de-risks $ORG with 2 separate jurisdictions. it immediately brings up thoughts of " #RedBack Mining 2.0" (which was already happening, but now solidified...keep in mind Redback was in #Mauritania and #Ghana). AND just the fact that #IvoryCoast is arguably the best place in #WestAfrica to find elephant deposits (and doesn't hurt the elephant is mascot for the national soccer team!). ok, getting off topic with that last one, but this news was worthy of a write-up, and i hope a few new people start paying attention! #index
CdnxTrackermarket cap. is ridiculously cheap given what $K just paid for the property next door. The $K shaft only lies about 15FT from the $OPW border. The thinking is the #gold extends onto the $OPW property. Drilling directly into the nose now
Cdnxtracker The previous drill results are quite impressive...but no drilling has ever been done before at the fold nose. If they do catch something of any value we could have a real winner here. I like that we are now sandwiched between 2 majors in $K and $RIC
Cdnxtracker $OPW$OPWEF drilling started today. We could see things heat up here as we have 2 majors in either side of us. A lot of people will be watching these results. $OPW only trading at a $3million market cap. as Kinross $K just paid upwards of $25million (possibly $60million) for the property next door. The other side is owned by Richmont $RIC.
@nicholaslepanAccording to data from the TSX, Kinross Gold Corp. $K ranks 9th in number of short positions. As of Feb. 15, the company has approximately 35,472,328 shares being shorted an increase of 1,839,838 from Jan. 31st. 2017. It is the only mining stock listed in the TSX's top 20 consolidated short report. Kinross shares are currently trading at $4.92 down 12 cents on 4.8 milllion shares, so far today. The company had a year high of $7.56
davidNice presentation #ORG, seems like Sudan is much easier for mining than most thought (and getting better). What I certainly like is #IvoryCoast land from old Red Back what $K finally gave to work on for "old" new management.
@statesideInteresting to see how $BTR sold off yeasterday on the $K Kinross news. I added on the pullback. I'm guessing Osisko $OSK dumped the rest of their shares on that news and didn't care what price they got as they knew $K was the new sugar daddy. Bid now at $.37 after the dumping to $.32 yesterday.
anonymous@stateside I was gung-ho on $BTR, until they issued ~ 65M shares in the last month. It should take their mkt cap up to 55M if I've counted them properly. It's excessive. They should have told $K to go buy shares in the open market. My feeling is the upside is now limited and that they'll likely sell at least one of their properties, probably to $K.
@JagrI believe $K should buy $ALG to monopolize Mauritanian gold: I am speculating that Kinross with A) 300 Mill proceeds from the Chilean Cerro Casale sale to Barrick and Goldcorp, and B) with Kinross's announced 375 mill investment for 2017 at Tasiast, they would be crazy (?) not to buy Algold. ALG's Kneivissat, Legouessi and Tijirit interests are some 25-40kms away from Tasiast. #ALG Mcap is 30 mill. Maybe Kinross could get ALG for 50-60 mill. What am I missing? More Mauritanian info: https://minerals.usgs.gov/minerals/pubs/country/2013/myb3-2013-mr.pdf
@zadman@kjm maybe i'm way off but if Mark finds anything of interest, I think $K comes in with a large equity investment well above the market to give $ADZ the cash to drill the hell out of everything. Then when they turn up the goods, they cut us all a fat check for the balance of the shares they don't already own. Or is this thinking way out to lunch @HRA-Coffin ?