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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.
@Goldfinger@murat It's always important to look at a company's fully diluted shares and to find out what the strike prices are on any warrants that are outstanding. There was a situation with $NAK$NDM earlier this year in which there was a sizable chunk of relatively low strike price warrants which made a big difference in the market cap once they were exercised. Difference between market cap and fully diluted market cap is often important to look at, especially in the juniors.
@newswireNorthern Dynasty: State of Alaska approves Pebble Project land use permit @newswire/northern-dynasty-state-of-alaska-approves-pebble-project$NDM$NAK has received "notice of approval of a Miscellaneous Land Use Permit ("MLUP") from the Alaska Department of Natural Resources ("DNR") for its ongoing activities at the Pebble Project in southwest Alaska."
"The Pebble Partnership is in the process of reviewing in detail the state land use permit received today. However, Collier confirmed Pebble will be advancing a program of work in Alaska in 2017 to prepare the project to initiate permitting under the Clean Water Act and National Environmental Policy Act."
@ChrisCringleYes, I won't wait for this to turn into a mine, but my opinion is that the recent sell-off was unjustified, and there can be a nice movement near-term. I will consider selling around 5$ level. Tomorrows opening can be very interesting.
@AlanSelling my #bitcoin at $1300 is looking like a silly move right about now! One of the hardest things! I've been thinking about #speculating vs #investing recently. To clarify, investing is putting capital into businesses that make money. Speculating is taking advantage of government caused distortions on companies that are losing money. Doing both is important in my opinion. But weigh both up based on your own emotional and psychological makeup. I'm pretty sure many people on this channel don't invest at all and are 100% into companies losing money in the hope that the underlying commodity goes up. If so, be careful. I've rebalanced my own portfolio into 20% money (gold,silver,cash) 50% investments (royalties, dividends) and 30% speculations (junior gold, oil, uranium). My speculation percentage was higher prior to the recent breakdown. Ultimately, I'm looking for financial independence and yes I could have been lucky and the price of gold and silver could of taken off and my portfolio would have enabled me to reach that goal. Clearly as I'm writing this, it's not the case. We all will be able to stomach different risks and I have learnt my risk tolerance is lower than I previously thought. My plan is to generate enough income from my investments to then put into speculations. Whereas I have been focusing more on speculating in the hope of increasing my net worth so I could then invest. Perhaps the wrong way around. Other things I have learnt is to focus on large reserve, non-producing potential future mines. Kind of like, $SSP, $NAK, $FF, $GZZ, $GOLD. These have held up better (maybe excluding $NAK) than other mining companies like $ANF and many of the producers. For a start, they are not selling gold and silver at these cheap prices. Investment wise, I'd look at the royalty companies. Really liking $OSK, $SLW and a few others. Just some thoughts I've had over the last week or so.
@tknoboyRelax. This is just another scheme of false short attacks. This will eventually pass. Greedy big shots want the absolute lowest price possible before this explodes. Don't be fooled....I'm still long.
@WolfofSesameStI don't know why people are freaking out over bearish drama. The big picture on the chart clearly shows we are in an uptrend. Institutionals are loading - Goldman, UBS, Wellington, Oppenheimer, BMO, TD, the list goes on. $NAK$NDM#bullish
@tknoboyI try to only react to bad news affecting a stock & sit & wait when a stock goes down despite good news. Remember, greedy investors are vultures when it comes to emotional investors that are too quick to sell.