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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.
@MiningBookGuy@bullmarketmove - thanks for sharing your new interview with Justin!
I will tag #trading, because I feel like this gets into an area I'm not especially good at, though completely aware of. Justin's techniques (or #system ) is something that that is very different from what works for me. I'd say one key aspect to point out is that I'm fully ready to sit on a 'big loss' that gets even bigger, and buy even more stock, IF I have the conviction that it will come around because the company is deeply undervalued. This can take years...not something most people who consider themselves 'traders' would ever wait for!
I guess it's just important to realize there are VERY different ways to make with stocks, and this goes far beyond just the 'junior sector' (as it's clear that this is only one part of Justin's focus). And regardless of how different it feels from what works for me, we can all still learn from each other's techniques, and continue to adapt our styles. #TheNextBullMarketMove
@bullmarketmoveThanks for that @MiningBookGuy yes, I also follow your strategy of buying more when there is a bigger correction, although this has caught me out on the past because if the stock isn't acting how it should or major insiders are selling them you should get out. But the stage analysis does have some value, I see it as just another tool to use for #trading, but you're right, everyone must trade/invest in their own way. #books#mbgtrends#TheNextBullMarketMove
@bullmarketmoveThanks @Alan yes, Nick does have a great approach to picking stocks and in a lot of cases it's like being a detective-who are the insiders-what's the track record of management-where are the assets, are they in a jurisdiction I'm comfortable with etc etc and on and on it goes. But I love it. :) and I'm so glad Nick recommended #TheZurichAxioms to me, I had never heard of it either. #mbgtrends#TheNextBullMarketMove
@MiningBookGuy@bullmarketmove - great new interview with #CollinKettell!
I had no idea that Collin has a tight relationship with Anthony Milewski. I started following him on twitter after I saw an interesting conference interview. I realized both of these guys are big on #cobalt, but no idea 'how big', and that they've basically teamed up! I'm a bit skeptical on #cobalt, though I've had a nice run with $ARL.AX. I think Collin explains the #cobalt investment thesis quite well. If anyone is interested in following Anthony on twitter like I do, check out his account here: https://twitter.com/A_Milewski
Another thing that stood out in the interview for me is the Palisade Global conferences. Here is the quote near the end:
"We held our first investor conference in Belize in February 2017. Twenty-five ultra high net-worth investors converged to network, learn and share ideas over a fun filled weekend." #UltraHighNetWorth
Hmmm, what does "ultra high net-worth" mean here? 10M+? 30M+??? If we're really talking 10M+ or higher, then it provides some perspective on heavy hitters in the industry, and influence from the Palisade group! It will be a while (if ever?) until I get my invite :P
Anyway, great interview and keep 'em coming! #TheNextBullMarketMove#mbgtrends
@bullmarketmoveHey @MiningBookGuy thanks for your question "any 'hints' on your next youtube videos?? interested to see what companies you cover next! :)" and the answer is probably a certain #gold company we've briefly spoken about in the past :) It will be out very soon. And how about you?i miss your 20 min + in depth videos #MiningBookGuyTV#TheNextBullMarketMove
@MiningBookGuy@bullmarketmove - thanks for sharing your new clip on $SPA!
It is interesting to hear you provide reasons for recently selling (and nice job booking a profit!). I took a quick look at the new powerpoint to see if I could contribute my own comments: https://www.spanishmountaingold.com/site/assets/files/3136/spa_presentation_2017-05.pdf
Here's what I think (keep in mind I have followed the company, but no 'deep DD' yet):
- $SPA has all the elements of an #optionality play that can have a further run in a rising gold price environment. being in #BritishColumbia is a big plus overall, even if there are some looming questions about the province as a jurisdiction
- while I do like that CAPEX is down significantly, always important to keep in mind that it's MUCH easier to bring out 'good numbers' in a PEA compared to the next stages, PFS, and DFS. I can't fully explain this. But a shout-out to @Tim_Oliver who helped me get on this track a while back, and makes me more cautious with #development projects in general (btw, wish we would see more @Tim_Oliver posts!).
- I'm also concerned that the initial CAPEX is STILL pretty high, at ~500M+ CAD. This is at a $1250 oz gold price, which is reasonable. But the Post-Tax NPV (at 5%) is a bit UNDER 500M CAD. I wish I could explain why this is important more clearly. I just remember @90BigPicture making some great comments on it that I understood at the time (btw, wish he was still posting too!).
Anyway, both of these points make it much harder to get funding (let alone the need for a PFS). But, it's really not that bad, and I like the 'near-term' optionality aspect, where this will 'likely' be a nice project at $1400+ USD gold price.
- But to your MAIN point for selling: I was surprised to actually see "Field Work - To Be Determined" as the 'next steps' for the company in the official powerpoint, LOL. Honestly, that's weird. these guys aren't even communicating to us their next steps!
-putting ALL this stuff together, it's still an interesting story! But I wouldn't consider buying myself, unless I was betting on the gold price surging in the short-term, AND/OR BC 'improving' as a jurisdiction (because of some type of news).
And I will add one element that could be the most interesting possibility for $SPA at this time: getting a 'strategic investment' from a bigger player. THIS would be the best short-term outcome, IMO, because it's a very trendy way to get some immediate cash AND credibility, and would show that a potential acquirer believes enough in the story to help move it forward to a PFS, WITHOUT a full-on risk commitment.
Ok, this got a lot longer than I expected, lol! But those were my 'quick comments' on your video + $SPA. thanks again for making this to get me thinking, and it's still an interesting company to watch! :) #DYODD#mbgtrends#TheNextBullMarketMove
@bullmarketmoveThanks @MiningBookGuy you make some excellent points. One thing I forgot to mention is the lack of institutions that are involved in the stock-which is obviously a negative, and insiders haven't been buying for quite a while (since the last financing I think). If the project is so good (because of the new PEA) wouldn't insiders buy more? Maybe they will, and if they do and the price goes back to single figures then I would be interested again. And I agree with your point about getting a strategic investment from a bigger player, that would definitely change things for the better :) $SPA#mbgtrends#Gold#TheNextBullMarketMove
@MiningBookGuy@bullmarketmove - nice highlights from your recent #RickRule interviews!
I'll add that somehow you were able to ask Rick multiple things that I never see in other #RickRule interviews, and that is awesome in itself! :)
And specifically, it's just so interesting how Rick says he's been through multiple cycles, and it's still much more difficult for him to sell near the top, than to buy near the bottom. 2010-2011 being the most recent example, particularly for precious metals companies...for someone with decades of experience to struggle with this, it's very important for us #newbies to think about as the cycle starts to reach a mania.
I'll even add that there were NOT super-clear signals that 2010-2011 was the top. there definitely were some signals, but not as much of a parallel to 1999-2000 tech mania, which I believe had all the classic #signals.
Anyway, a bit of rambling here. Just emphasizing how valuable the interviews were, and I really appreciate this video reminder of some of the key questions and answers! :) #mbgtrends#TheNextBullMarketMove