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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.
@NewtonExcerpt of $k release here http://cdn.ceo.ca/1c1kmtq-IMG_20161102_143207.png+ looks like the Q3 exploration expense was same as last year at $30M, but down for year to date at 60M vs 80M plus. Is the Kinross pipeline full or will they be going shopping soon? Do they even care given their apparent operating losses?
@FundamentalAnalysis@Newton the loss before recovery was driven by impairment charges $139m due to closure of project at Maringua. The company did however continue to generate free cash flow. Although deferred of capital expenditure due to tasist helped with part of that. $k
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@FundamentalAnalysisThe way I see it, Kinross is slowly transforming itself, unfortunately its profitable mining operations in Russia appear to be coming to an end (however one could argue this weighed down on kinross's valuation historically), it is also currently in the process of overcoming some hurdles at tasist and proceeding with Bald mountain. The balance sheet is relatively healthy, and although its properties are inferior to the likes of barrick, kinross has maintained production levels and there is a plan to increase production slightly over the next couple of years. I see Kinross as a relatively undervalued yet more leveraged senior producer due to its marginal properties. The company has no more debts maturing until 2020.
@newstracker#Ecuador – BHP Billiton $BHP.L and Hancock Prospecting, a private exploration entity led by Gina Rinehart, are holding talks with officials on a potential entry into mining and exploration projects in Ecuador, Mining Minister Javier Cordova said.
- Newcrest $NCM.AX recently took up a 10% stake in Solgold, for its giant Cascabel copper porphyry copper project in Ecuador while Lundin Mining bought Furta del Norte from Kinross $K Gold in December 2014.
- “This is the perfect time for us and the industry. It’s the reason why the likes of BHP are looking around, because many of the projects in Chile are declining and they are looking for new opportunities,” according to the Ecuadorian Minister of Mines.
Source: SP Angel – Morning View – Tuesday 08 11 16
@dirkdigglerBob Cudney has an appetite for $NHK. He likely views current prices as a gift, compared to $K's recent acquisition of a large block of stock at prices 15% higher. I suspect he sees an endgame here.
@FundamentalAnalysis@vaughan I think $MAX despite the relatively large CAPEX costs and permitting issues (later I'm confident will resolve overtime), the high grade/tonnage/ounces in Idaho, makes it a good acquisition target. If I was a company like $K, which has pretty poor quality projects overall with low grades, $MAX would be on my radar.
@M_B#MIF$ADZ anomalies and proximity to $K mill make it worth looking into. It took $K years for drill permits- $ADZ appears to have a better system. CEO Mark saying 2-3 months for initial drilling to start. IF that holds up thats a win in a state where permitting has long timelines. @miningBookGuy all companies hand picked- hard to pick a clear -all great stories.
@CautiousNowWill be nice to see this one finally drilled by $ADZ. A lot of science has gone into it, so hopefully the value of the incremental information has decreased the risk significantly. Mark et al have done a nice job of putting together a land position, so there is some intriguing upside if the initial results are promising. You'd have to think that there would be a takeover offer from $K in due course.
@MiningBookGuy$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