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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.
@newstrackerKerry Smith, MBA, of Haywood Securities has a price target of $20 for Richmont Mines $RIC and a buy recommendation with a medium-high risk rating. The company announced today that it received permits to increase processing to 1,100 tpd at its Island Gold Mine in Northern Ontario. #Haywood$RIC
@rackerHaywood's Kerry Smith has a Buy rating and $20 target on Richmont Mines $RIC in a new report titled "Island Gold Mine Receive Permits to Expand to 1,100 tpd" Monday. Contact your Haywood rep for a copy.
@nicholaslepanToday, Richmont Mines released its Q4/16 production results and it came in near the top of their guidance. 104,050 ounces of gold at a cash cost of $908/oz, a 3% beat on production, and a 4% miss on costs. Production came in at the top end of Company guidance for the year of between 98,000 to 106,000 oz, and in the middle of cash cost guidance of $885 - $945/oz. In a note to clients today, Haywood Securities has a buy recommendation with medium-high risk rating and price target of $20. $RIC is currently trading at $10.41 up 31 cents (3.1%) on the day, so far. #Haywood
@newswireRichmont Announces 2017 Guidance with Island Gold Mine Positioned for Another Record Year @newswire/richmont-announces-2017-guidance-with-island-gold-mine$RIC$RIC$RIC 2017 guidance that includes a projected increase of up to 15% in company-wide production to between 110,000 and 120,000 gold ounces, primarily driven by another consecutive year of production growth from the Island Gold Mine to between 87,000 and 93,000 gold ounces.
@dirkdigglerI've had some luck getting in ahead of Cook over the past few years @Wannabeinvestor - beat him on $RIC by 6 months and allot of marketcap, $NEV and $PLG I managed to jump on several months before Cook reco'd it.......that was gratifying. The way I see it: if Cook suddenly reco's something I really like ($NHK for example) - I KNOW I'm on the right path. He's the best in the biz, but he does miss the odd one.
Cdnxtracker The previous drill results are quite impressive...but no drilling has ever been done before at the fold nose. If they do catch something of any value we could have a real winner here. I like that we are now sandwiched between 2 majors in $K and $RIC
Cdnxtracker $OPW$OPWEF drilling started today. We could see things heat up here as we have 2 majors in either side of us. A lot of people will be watching these results. $OPW only trading at a $3million market cap. as Kinross $K just paid upwards of $25million (possibly $60million) for the property next door. The other side is owned by Richmont $RIC.
@nicholaslepanRichmont Mines $RIC reported today fourth quarter/2016 financial results. Richmont reported Q4 CFPS of $0.17 per share and for the full year CFPS came in at $0.80. Production came in at the top end of Company guidance for the year of between 98,000 to 106,000 oz, and in the middle of cash cost guidance of $885 - $945/oz. In a note to clients today, Hawyood assesses the impact of this as neutral. Hawyood outlines the upcoming catalysts for the company 1) Exploration results, 2) Q3 results 3) development o fthe main raimp by the first quarter of 2017 and 4) Expansion Case PEA, decision for potential expansion to 1,100 tpd. Haywood is maintain their price target of $14 with a buy recommendation and a medium-high risk profile. $RIC shares are down 10 cents to $12.09 on 150,000 shares.
@ayeyouMy take is the "major" wanted to get a piece of OPW prior to drill results coming out. If the major sees value in the ground they may want to do a JV with OPW or if it is Kinross or $RIC they may look at taking OPW out for the Bazooka properties and the Mcwatters property which butt up against both ends of the K ground. The total strike length of the two Bazooka Properties cover approximately 7 km of the Cadillac Larder Lake Break. Thats a big chunk of a pretty productive fault system. With OPW market cap at a tiny $2.6 mil anything is possible.
@Wannabeinvestor@Vaughan, I think in gold the candidates are $GUY, $TGX, $DGC, possibly $KL (although they just rebuffed an offer) and maybe smaller de-risked players such as $R, $ROG, $RIC. As to base metals, no idea apart from $TV looking like a ripe fruit to be picked by someone (cheap, pure-play, derisked).
@dirkdiggler@lukejackson$RPX is actually on my dd list. If it has grade and potential scale.....and it's next to a producer like $RIC, who I would imagine would like to break away from the 100k oz per year club...it's worthy of a close look. You always seem to have your finger on the pulse of these exploration co's developing resources - thx man.