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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.
@newswireOronova Resource Corp. announces change of board of directors @newswire/oronova-resource-corp-announces-change-of-board-of$ONV Duncan Nightingale has been appointed CEO and Director at Oronova. He is the former COO of Gran Tierra Energy $GTE (~$1.48 bil mkt cap). Former Gran Tierra CEO Jeffrey J. Scott, and resource investor @FrankGiustra have also joined Oronova's board of directors. ONV has ~33.58 million shares outstanding according to the news release, and last traded at 3.5 cents (~1.01mil mkt cap).
@LucTenHaveAre insiders are loaded with cheap stock and options? --> Yes
Ok - ready to go
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@tommyPMI will have an equity position in HPL, but Frank's focus is on $PMI, not HPL, in my opinion, where he has a direct interest and more than $10 million invested (thinking back to the acquisition of the Manas blocks in 2013 2014). I think he'll be more focused there and on $ONV, a new energy vehicle with Jeff Scott and Duncan Nightingale. PMI Resources has a proposed RTO with PentaNova Energy according to NIAD, an information service for brokers. PentaNova is a Latin America focused oil and gas venture from Giustra and Pacific Rubiales founder Serafino Iacono. It is raising $17.5 million at $0.50 through Eventus and GMP according to the same NIAD memo. I plan to participate. It is a gamble. This is not investment advice! That said, Horizon looks like an interesting setup with the French acreage, if we're in a better environment for energy startups? I hope they hit it out of the park.