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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.
Eric Coffin of HRA Advisories | Mar. 22, 2012
From The March 2012 HRA Journal
“It’s that time of year again. Thirty five thousand people descended on Toronto to take part in the largest mining industry confab in the world. The PDAC has become famous for the broad range of attendees, the numerous parties and the gouging by local hotel operators. ”
“For resource stock investors, the PDAC famous for something more sinister; the “PDAC Curse”. So far this month is looking like this annual scourge is alive and well and making life miserable for resource stock traders yet again.”
• Here’s another article highlighting the 2011 #PDACcurse:
“If you haven’t heard of the #PDAC curse, you’re in for a tale of woe and despair.”
“PDAC, for those of you unaware, stands for the Prospectors and Developers Association of Canada. The annual PDAC Convention was attended by nearly 30,000 mining people earlier this week. Because corporate executives don’t like going to jail, most juniors with any sniff of positive news will release their results just before or during the convention. That frees them up to promote unfettered. BNN broadcasts live from the floor and conducts interviews with quotable executives and analysts. Its a pretty big deal…”
• Here was the Kitco coverage of the question last year, and we know in retrospect, the curse was lifted last year, but you can sense the hesitation going into this period last year…..
Can The Market Survive the #PDACcurse?
Tuesday March 08, 2016 (Kitco News) –
“Although gold prices are up almost 20% since the start of the year, the market might not be able to escape the PDAC curse, a common correction seen after the Prospectors and Developers Association of Canada conference, as analysts and market participants are expecting to see a pullback after the recent 13-month high.
“I think we have seen things move pretty hard in one direction so it makes sense to see a pullback,” said Brent Cook, author of the newsletter Exploration insights.
** Is there a #PDAC Curse?
@TheNextBigRush - Aug 9, 2016
> On January 31, 2017 at 11:31 am, @Excelsior:
"Yep. Seasonality isn’t perfect, and no 2 years are identical; but is very clear that for the last 2 decades that a good metals trade is to buy in late Dec – then trim some back in late Feb….then buy back those trimmings in March after the PDAC Curse."
** On February 9, 2017 at 12:04 pm,
from the ~coreshack conversation here on #CEO:
@tommy – “And how will we know we’re in a bull market?”
@HRA-Coffin (Eric) – ” I think it’s a bull market – but nothing like some of the past ones we’ve seen. Will take a while for that to develop. ”
@JMNorthShore (Joe) – “We are seeing some financings of junior explorers being upsized considerably. Given that the gold price is still around US$1235 so definitely a lot of investor interest in the upside potential. ”
@Brent_Cook – “Agree, precious metals look good for the year. It is going to get really weird down here in the US”
@JKaiser – “PDAC curse only occasionally gets violated as in last year. Will be an interesting test this year. ”
@tommy – “No PDAC curse last year. A pleasant surprise around here! I am still a child of the bear market and can’t have enough cash…. ”
#PDACcurse - Sorry this was long but it's #spooky
@MiningBookGuy$AQI.AX will be at #PDAC#PDAC17, cut-and-paste here from the beginning of the powerpoint, in case anyone interested:
"The Company will be presenting the attached Investor Presentation on Sunday the 5th of March at 16:15 in the Reception Hall 104 A & B of the North Building in the Metro Toronto Convention Centre in participation with the Guyana Mining Day Seminar.
Alicanto will also host an exhibit at the PDAC Conference on the 5th and 6th of March to showcase the Company’s diamond drill core intersecting newly identified gold mineralisation at the Arakaka Gold Project located in Northwest #Guyana.
For an opportunity to discuss technical aspects of the project and meet Alicanto’s Management team, please visit us either at the Guyana Mining Day Seminar, or in the Core Shack Exhibit located within the Investors Exchange of the PDAC International Convention being held at the Metro Toronto Convention Centre, 255 Front Street West, Toronto, ON." #CoreShack
@MiningBookGuyso who else is NOT going to #PDAC#PDAC17, and actually doesn't feel like they're missing out on much because we've got CEO.CA?
I know there's A LOT to get out of #PDAC ...but honestly, if #CEO.CA didn't exist, I am 100% sure I would have gone to it (or a somewhat lesser conference by now). Playing field/information flow has completely changed with this innovation.
@JamesKwantesEn route to Toronto for SIS and #PDAC today, look forward to seeing many of you there and meeting others I haven't yet! Speaking on Sunday at the PDAC newsletter writers presentations in room 801, I'm up at 10:45 a.m. after John Kaiser -- a tough act to follow!
@MiningBookGuyLooks like $DAU did a quick round-trip! Looks bad on the tape today (as of a few hours before the close). But nothing changed with the fundamentals as far as I know...just hoping they're inching closer to a deal (or two) in #Mali!
And at least there's more liquidity now. I'll be checking in with the company after #PDAC#PDAC17.
@MiningBookGuyMore on $MOD.AX:
- Really interesting timing on this, significantly expanding on what I consider to be the best #copper#discovery of 2016 (these results now possibly confirming that).
- #PDAC#PDAC17 folks might not realize this is going on yet...would not surprise me if this starts to spread tomorrow. keep in mind almost no one in North America is following this...but plenty following in Australia and UK (AIM-listed partner is $MTR.L)
- Most exciting aspect is that more drill results are coming really soon. Great image from the NR right here: http://cdn.ceo.ca/1cbpa7r-MOD_T3.png+
Important quote from NR to consider: "Estimated true width may be >50m based on an early interpretation of the geometry of the intersection."
- Basically all my 2017 profits from other plays went into this over the past month or so. So I'm very biased. With my ASX delayed quotes, it's currently up ~9% at 0.059 AUD (but it was up the last 1-2 weeks since the intersection & drill core were released prior to assays today). This is absolutely the most exciting play I own right now. #DYODD , and consider #LoadUp ...this one could run much, much further throughout 2017! #index
@MiningBookGuy@racker RE: https://ceo.ca/index?0244ed175b11 - some great quotes in the $RRS.L#Randgold Mark #Bristow#PDAC#PDAC17 speech, including:
"There is no better way to measure a mining company’s value than its mineable reserve per share. It is probably a little simplistic to just use ounces; one should also add a grade to the ounce profile. It is really the inherent and only measure of the value of a mining stock because it’s what you get per share." #gold
"We know that the world’s mature goldfields have been largely depleted. There are only a handful of regions that now still hold a promise of world-class discoveries. As an example, three of these are in #Africa, with the two most prospective being West Africa and East and Central Africa. And this is where Randgold operates and where we are hunting for our next big mine. Our major discoveries over the past 20 years have been in these regions."
@MiningBookGuythough actually, anyone at #PDAC here much $AU buzz? it seems like it could have been a main highlight, but very few people have commented on it recently. just wondering since it's a topic
@Excelsior#Korelin Economics Report - WEEKEND SHOW – SAT 11 MAR, 2017
#PDAC Recap and Overall #Gold Market and Stock Commentary
"In this week’s show I chat with a few companies at the conference and a couple of my favorite analysts to discuss what is happening in the gold market."
> Segment 1: As requested by a number of listeners I get an update on $OR Osisko Gold Royalties and the Company’s strategy throughout 2017.
> Segment 2: Vincent Metcalfe and I continue our chat and focus on what $FPC Falco Resources has been up to and the news flow investors can expect.
> Segment 3: Continued coverage from #PDAC I get an update on $MARL.L$MARL Mariana Resources on the Hot Maden property as well as the other assets in Turkey, Ivory Coast and Argentina.
> Segment 4: A replay of the most popular post this week – Doc and Cory compare the moves in #Gold vs. #Silver.
>> Segment 5 & 6: Byron King shares his thoughts on the tone at #PDAC in the first segment. In the following segment he recaps his recent trip to visit $ASM Avino Silver and Gold Mines and his thoughts on $AUG Auryn Resources.
>> Segment 7 & 8: Wrapping up the show with Peter Boockvar and a recap of #GlobalData that needs to be considered for investors.
@MiningBookGuy@lukejackson - what do you mean by "deals" when it comes to $TK? It's a combination of both a following here AND great results AND great #PDAC coverage AND #ExplorationInsights coverage AND #BNN coverage (Joe and Brent confirmed the Exploration Insights coverage in their BNN interview).
I'm not sure about $MY. But can you think of anything else for $TK? I'm not sure what 'deal' means in this regard.
@rackerPDAC 2017 award videos now online: https://vimeo.com/pdac
Thayer Lindsley Award: Peter Megaw https://vimeo.com/209805360 For the 2003 discovery of the 200 million ounce Juanicipio silver deposit in the Fresnillo District, Mexico, ultimately leading to a further 600 million ounces being identified in the immediate area. $MAG
Bill Dennis Award: Val d’Or Exploration Division, Agnico Eagle Mines https://vimeo.com/208885929#PDAC For discovery of the Amaruq gold deposits in the Amer Lake Basin in Nunavut, Canada. $AEM
@Excelsior@Allan - Yes. They own 49% of $RZZ Abitibi royalties, and have a JV with $BTR Bonterra. They also own 60% of $KZZ and just spun out about 60 properties to them.
$GZZ GOLDEN VALLEY MINES AND $KZZ NUNAVIK NICKEL MINES ANNOUNCE OPTION AGREEMENT
April 18, 2017 – Val-d’Or, Québec ~ProspectGenerator
“Golden Valley Mines Ltd. (GZZ) and Nunavik Nickel Mines Ltd. (KZZ) are pleased to announce that they have entered into a Mining Option Agreement made as of April 18, 2017, pursuant to which Golden Valley has granted to Nunavik Nickel an option to acquire a 100% interest in 61 of its grassroots properties.”
* Glenn Mullan is the president of the #PDAC and $GZZ and all the (Zed companies - 5 total) are his babies. He's the one that spun out the royalties to $RZZ to get them started.