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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.
@newsfileRoyal Road Minerals Announces Initial Results from Its 4-hole Scout Drilling Program at the La Golondrina Gold Project; #Colombia@newsfile/royal-road-minerals-announces-initial-results-from$RYR$JE00BWH5YF45 Highlights from hole GOL-16-02; 47.8 grams per tonne gold over 0.25m, and hole GOL-16-02; 24.9 meters at 1.0 grams per tonne, 14.3 meters at 1.0 grams per tonne and entire drill hole, 195.2 meters at 0.4 grams per tonne gold. Results for the remainder of GOL-16-03 and those for the fourth drill hole, GOL-16-04, are currently in the laboratory.
@VaughanPeople have no patience @Fischlaender. These guys are taking steps, making the right moves, and have the right backing to make an honest go of this region. No one expected 100meters of 10g/t gold on the first ever pass at this region and if they did they are extremely naive and should be investing in early stage exploration companies. $ryr
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@VaughanShould NOT be investing ^^^^ (sorry bout that). Once this thing is under $2million market cap, im backing up the truck... again....
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@VaughanWho knows @Fischlaender, if i get lucky enough and enough people dump ryr based on impatience, i might just get close to you in holding size (i wish).
@VaughanI as well, so leggo my eggo man, you have enough already... ;)
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@VaughanSadly, i dint know if this will get below the $2million mark. It has such strong hands holding the majority of the co (including iur very own retail monster @Fischlaender). If this dies hit .07c, i dont think itll be there for long. Just IMO.
@Fischlaender$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.