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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.
For all on the Panel:
Any thoughts on $ORG Orca Gold?
If you want some specific questions:
*1 Are any of you interested in the upcoming PFS, for Block 14 in #Sudan, which could look even better at $1200 oz/.gold than the PEA?
*2 And if you are turned off by jurisdiction and/or water issues, do the new early-stage #IvoryCoast / Cote d’Ivoire exploration properties increase your interest now?
For me, seems to immediately decrease the jurisdiction and project risk, and add a lot of excitement.
@MiningBookGuy@Brent_Cook - thanks. one follow-up $ORG comment from me that doesn't need to be answered (more for the viewers):
I think $MARL and $ORG make an interesting comparison. I am more positive on #Sudan and more negative on #Turkey than you are. I think the #geopolitics here is very tricky, and no one really knows what will happen.
But one thing for sure: both $MARL and $ORG are going into #IvoryCoast with early stage exploration. This is hugely prospective and a 'less risky' jurisdiction (though no cake walk either). I don't think the market has caught on with this for $ORG yet. Maybe this won't change anyone's mind, but it's definitely worth noting. These companies will be interesting to follow in tandem.
@NordicDrill@MiningBookGuy I wonder if the fall mentioned by #ResourceMaven already started, as within the last few days my ownings that have been on steady rise for the entire beginning of this year have taken quite a hit, for example $IVN was over 5 CAD, now it's down to 4.82 same for $SAND, $AZX, $ORG, $IMG... It's been a big overall fall everywhere
@MiningBookGuy@FundamentalAnalysis RE: https://ceo.ca/~aufrica?0b3e4e7de812 - thanks for sharing that link! even if older, it brings up a point that is at least as critical now as it was last year: #Sudan absolutely needs to replace lost #oil revenues from the lower oil price. They literally have TONS of #gold, and #artisanalmining has been rampant. $ORG is one of the few first-movers as commercial/professional miner, and they want more of this compared to artisanal.
#Sudan knows that #gold#mining is the #1 way to substitute for #oil. There's still a lot of work to do from the perception front. But the "easing of US Sanctions" should not be underestimated: @marketwired/us-treasury-department-announces-easing-of-us-sanctions
Elina told me that #BMO interest was way up, very likely because of this one news item.
Now with all of that said, it's clear that #IvoryCoast is very exciting AND much better from the 'perception' side. Still, Elina told me that the #Sudan project will remain the core value for $ORG. Jurisdiction risk is still there, as well as hydrological/water risk (which I think is #1, and is being worked on right now per today's NR). But really, it's one of the best undeveloped #gold deposits in all of #Africa right now. I expect substantial improvement to the economics by the time of the PFS (hopefully June 2017 sticks).
I think the best way to sum it up is a continuation of some thoughts in my video: You could look at EITHER the #IvoryCoast#exploration assets OR the #Sudan#exploration / #development assets. EITHER WAY, just one side covers the current valuation (and really the #Sudan project is worth far more right now). So you get the other side for 'FREE'! I strongly believe this right now. It's up to everyone to do their own due diligence to see how they feel about. #DYODD#mbgtrends
@Brendan@miningBookGuy just noticed your $org video series. very interesting! I've owned it a while but kind of forgot about it until the news from early February jogged my memory (not a big holding of mine) but I've liked it a while.
@MiningBookGuyGlad you caught my $org series @brendan! Things have changed quite a bit for the company in the last year, especially the last few months. I think it will keep building momentum, but might take another year or two for hitting headlines. Both #sudan and #ivorycoast getting better (but most people not thinking about those jurisdictions at all). Gotta run, but can chat more about it soon.
anonymous@MiningBookGuy Thanks for your video #4 on Orca. Just watched it last night. I've been watching the company for several years and never bought it until recently. Sudan doesn't bother me, it's 1500km away from South Sudan and is right on the Egyptian border. It's a big country. I assume Lundin/Beaty are getting involved to develop it, not sell it. Unless they love exploration in IC that much.
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@MiningBookGuy@anonymous - you're welcome, and thanks for watching! You summed it up quite nicely on $ORG ...no good reason I can come up with for a sell-off. Easily in my 'top 3' right now for value in the junior world.
If Beaty started mentioning his $ORG ownership in every interview, he would move the needle. I'm not expecting him to, but many people still don't realize he's in it.
One thing I'm thinking about: increase in institutional ownership. I do think #IvoryCoast is going to make a difference in attracting 'big money', AND I think the reduction/removal of "US Sanctions" is already a big deal for the #Sudan side.
To me, the only reason this might NOT be a 'screaming buy' is because I'm not sure how long it will take the market to catch (I thought it would have by now.) But I feel really, really good about this one over the next few years.
One last note: #Sudan is still VERY prospective for #exploration --I didn't mention that in my last clip. Really, A LOT more gold is going to be found in both countries. Very exciting! And I'm very biased towards this one. #DYODD
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@HHorsemanA good "fail safe" is that the Lundins have a history of never leaving investors behind. As a swede I have owned a couple of Lundin companies and one was called Horn Petroleum, which ran into mostly political problems in Somalia. Now a few years later they have changed name and gotten new assets. This is what they do and has been pointed out in a few interviews with Lukas... There is basically no risk of being "scammed" etc when going alongside the Lundins, which I must say is a big plus in this sector.
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@HHorsemanSeems I wasn't the only one drooling over Orca on sale today. Big volume along with a big bullish tail. Will keep buying $ORG at these levels. Best regards.
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@SFtrader@MiningBookGuy Great video on $ORG. The Metalsnews article that you referenced gives a great perspective as to how talented that management team really is... Very impressive!
@FundamentalAnalysisCan anyone explain what the company did between 2014 and early 2016. The company went through $30-40m in cash during that period? I never bothered looking at the history until today....without having to sift through too much information just want to know if anyone has the answers off the top of their heads..... #newbies#mbgtrends. Still a holder.
@Empire@miningBookGuy Just watched your Ivory Coast video, Awesome video and Great find on the Randgold map, Wow, is all I have to say. $ORG is currently heading towards the bottom of the channel so almost time to pick up some more here in the low .30s. What a steal!!
SEDI_botOrca Gold Inc. $ORG just filed 2 reports. View full report: SEDI:ORG
@MiningBookGuyHey @Empire - sorry i didn't get back to you sooner and thanks! You picked up on the most important part of the $ORG video...it goes perfectly with the link @HHorseman shared above yours :)
I'm going to try to call Elina at $ORG next week, see if we can get an update on #IvoryCoast timeline. Will share here if I get some tidbits that might others as well.
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@Empire@miningBookGuy that would be great, let me know what you hear. I will be adding at these levels shortly. Buy when its boring and its selling off :)
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@Jayfire@Empire Great buy around here! $org looks very juicy from risk vs reward perspective especially with new Ivory Coast exploration to begin shortly. And if Block 14 in Sudan can get up to 2.4 Mtpa throughout, PFS should show very economical and robust project in hand. Exciting times ahead!
@Empirespoke to $ORG IR, looks like Ivory Coast drilling will happen this year most likely in the 3rd or 4th quarter focusing first on Korokaha and Morondo which hold the licenses. @MiningBookGuy I think you had mentioned that in your video.Cash will run out around september so another raise will also happen in 2017. If I had to take a guess I would say the drilling spec will drive the price leading to a raise at higher prices? Time will tell, but I have been adding here around the .36-.37 cent levels
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@Jayfire@FundamentalAnalysis what makes Mali significantly or any different from other West African gold destinations like Ghana, Burkina Faso, Ivory Coast, etc? Sure I can understand $ORG trading at a discount because of Sudan (new frontiers and previous sanctions in place) but Mali has many gold mines already in production and many majors there like Randgold, IAMGOLD, AngloGold Ashanti, etc... Burkina was a pretty big success story for juniors like True Gold, Roxgold.
@MiningBookGuy@Empire RE: https://ceo.ca/org?4eed3241ebdd - sorry for delay getting back to you, and thanks for taking initiative here! I spoke to Elina at $ORG yesterday. Yes, it's too bad Ivory Coast doesn't sound like it's going to get drilled until H2 2017.
Call with Elina was very good. I am not concerned about this company long-term. However, I'm not 100% confident they will have the right catalysts in the short-term to be able to get a capital raise at much higher that the current share price.
I have never spoken directly to management, and trying to set something up in early April (they are still on the road right now). I need more #IvoryCoast details, and drilling for both #IvoryCoast & #Sudan (I think #Sudan#exploration potential is undervalued, when compared to just in-fill drilling to move towards the PFS and DFS). Will reserve further detailed public comments until I get to do that call.
Bottom-Line: I think it's excellent value here. But more uncertainty in the short-term than I expected...may take a while for a real move.
@FundamentalAnalysisGreat presentation re: $ORG, I'm very excited about the exploration upside in Sudan, and like the idea that they may be delaying the PFS to account for all the new exploration work.....I see the "potential" delay as a positive. In fact I hope it is delayed.......Ivory coast also looking good.......
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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.