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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.
@rackerValue investor and Sprott portfolio manager Whitney George unloaded his entire 997,200 share stake in Sprott Inc over the past week according to SEDI:SII, raising roughly $2.5 million in cash. $SII
@rackerSprott Inc $SII: "Are the recent gains in the $gold mining stocks sustainable? If the price of gold holds at current levels, then we believe that current valuations will hold. No doubt, the sector is volatile but the macro drivers supporting gold right now are powerful."
@rackerYellow Brick Road http://www.lexpert.ca/article/yellow-brick-road/
When Sprott Asset Management $SII went after two rival trusts invested in #gold and silver bullion – a sector where any kind of M&A action is rare – it triggered an epic, but ultimately successful, take-over battle
“This one took acrimony to a new level."
@rackerInvest in the best of the best people and assets in the worst of times: Richard Arthur (Rick) Rule IV
Rachel Lee: You yourself are a very successful man. What are your tips for the average investor at this time?
Rick Rule: Simple, simple. Bad markets are great times to buy. Good markets are great times to sell. Always hang out with the best investors. The truth is there is an A team in mining that has been serially successful. When I look back if I had done a lot less work I would be richer, it’s odd. If I had never ever wasted any time at all with a B team manager or a C team manager or a B team deposit or a C management team, if I had just spent my time with the best of the best… and only in bad markets when nobody wanted to show them love, I would have done a lot better.