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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.
@Fischlaender$RYR back to levels prior to the (imho not bad) first pass drill results.
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@Fischlaender$RYR nearly doubled from the low follwing drilling results, albeit on very low volume. But, that also shows that there is not much lying in the ask. Maybe, just maybe the "everhang" from the financing mid 2016 got absorbed.
@Fischlaender$ryr if that closes quickly it should provide sufficient funds for minimum one year of serious explo work in both Colombia and Nicaragua, ergo constant news flow. They should also still have some 100k at hand from the previous round. Following the Caza takeover and post financing they will have about 116 million shares issued and out and around 150 million fd.
@MiningBookGuy@anonymous - I appreciate your last 2 posts, because it's possible others have a similar impression to yourself. I will be as honest as possible with the following notes:
-yes, I owned $MARL starting soon after the initial Hot Maden discovery (when it was $MARL.L). At the time, I was primarily frustrated by poor #sharestructure being the culprit for why the stock wouldn't move. While I did sell some shares at that time, I held onto plenty, and made quite a bit of money (I'd say well over 100% from my entire original investment). I have no seller's remorse.
-with that said, I DO think #Turkey has negative momentum right now. I have clearly stated this in the #Turkey room. It is nothing specifically against $MARL ...in fact, I used to own $PLG & $RYR as a #Turkey#exploration bet (and I actually lost money on both of those). But really, I don't have anything specific against Turkey either...
-yesterday, I was invited by @Tommy to the ~coreshack panel. I was not expecting this, nor was I expecting to contribute. But @Vaughan suggested it (and I think it was a good suggestion). I thought more Q&A should have been going on. I quickly scrolled through the list to find the posts with the most thumbs-up because I knew the panelists had to leave soon (some already did). One of those questions was mine.
I will answer the rest of this in the following post...
@tommyPleased to see the Royal Road $RYR financing close. They have been running a tight ship and now have $3.6M to explore in Colombia and potentially Nicaragua. Congrats to CEO Tim Coughlin for the company's biggest financing to date.
@VaughanMutt, several junior explorers haven't really given back much gains from this early year run up, nor from last years for that matter. $RYR being one that has maintained around the .10c marck since before last summer. I think it mainly has to do with the hands holding. They just arent selling here.
@Fischlaender@Vaughan Hi there! Was on leave for 2 weeks skiing with the family. $RYR, it's about time they start moving. But at the moment the market is funny, $GOLD moving up and the explorers are trailing behind. I have quite a bit of expoisure in a lot of microcaps currently, $MEK, $BEX, $OCO, $SA, $MON, $ANG, $GBR to name just a few.
@Vaughan@EvenPrime, re the #StockpickingContest. I ain't sitting so pretty right now (59th), but my convictions remain. I think they all have a lot more upside for 2017. Im an amateur, and my price targets are pretty worthless (garbage in garbage out). But here it goes
$VTT because I think management will deliver on the gameplay, being to get bought out, and I still feel there is a chance this will happen in 2017 (300%+ from here). $PNN because they have great potential with their Albanian property. They are still a conviction buy for me, especially at these levels, as I feel the board of directors is stocked in our favour (Wadsworth, Hydrie, and now Sergeant IV) (500% plus from here). $RYR has a ton of potential.Properties in Columbia still being explored and the new properties in Nicaragua were a great addition as well. $RYR is here for the long run and at about a $2 million dollar valuation, how can you go wrong.