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.
@ekim@JamesKwantes I could hold an equal basket of $LUC, $DDC, $SWY, $MPV on the assumption that $SWY may still cough up a big stone or two and if not...the risk to the downside is reduced to 25% exposure.
@ekim@jameskwantes you could short $swy and go long $mpv or vice versa depending on what you like better . Taking out the supply demand fundamentals. $kdi delivers more confident model numbers in two weeks. Don't short any stocks....but the crystal ball for kdi isn't looking good. $dia looks interesting if I bought venture stocks.
@JamesKwantesInteresting little snippet from $MPV financials, on fancy coloured and specials: Under the terms of the Gahcho Kué Joint Venture Agreement, De Beers and Mountain Province each bid for all fancy colored and special (+10.8 carat) diamonds. On September 15, 2016, the first bid was won by De Beers and, subsequent to the quarter end on October 18, 2016, the second bid was won by the Company. The Company received US$127,400, being 49% of the September 15, 2016 bid, and paid De Beers US$1,402,500, being 51% of the October 18, 2016 bid #diamonds
@ekim$KDI Kelvin/Faraday complex now worth 1/5th of Gahcho Kue ($MPV portion) and a 1/4th of Renard $SWY and a 1/5th of ekati/diavik ($DDC portion) based on market perception. Should one follow market perception to make $$'s or fundamentals to make $$'s. That is really the hard part of investing. A lot has been made and lost in both regardless of the other. #diamonds
@JamesKwantesDon't forget about the $DDC dividend, @Wannabeinvestor. Diamonds are an inefficient market - which makes DDC a good trading stock - but longer-term DDC assets are aging. There are also new diamond mines to invest in, $SWY and $MPV. Interesting to see Rio's renewed interest #diamonds
@nicholaslepanToday, Mountain Province Diamonds $MPVD announced in a press release today that there is a delay in expected commercial production at Gacho Kue to later Q1/17 and initial sales soft. In a note to clients, Geordie Mark of Haywood Securities has a buy recommendation, with a $10 price target and a high risk rating. $MPVD is currently trading at $5.99 down 31 cents on 1.59 million shares. #Haywood#diamonds
@JamesKwantesA further twist: $MPV CEO Patrick Evans is also a director of Archon Minerals $ACS, which is run by Stu Blusson. Blusson is the Ekati co-discoverer (with Chuck Fipke) and owns the portion of Ekati -- about 11% -- that $DDC doesn't. Fipke sold his share of Ekati to Dominion for $67 million a few years back. Archon also owns about a third of Ekati's Buffer zone
@JamesKwantesHope you're right @teevee, it's a focus in my portfolio and in the newsletter. Millenials and synthetics are two headwinds for the industry, but supply/demand remains very favourable. There has been so little diamond exploration in recent years and few new diamond mines coming on stream, despite two recent Canadian openings - $SWY Renard and $MPV De Beers Gahcho Kue