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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.
@NewtonLatest holes are amongst best ones yet $mra. #classic#brentcook idea that "good projects get better". Big success at #hotMaden in #Turkey. Still exploring and increasing resource estimates. Increasing grade in main zone with most recent hole (htd-71). Currently doing pea alongside pfs. Want to make sure permits match up with potential of project as it has moved so fast, in terms of our geological understanding.
@MiningBookGuy@FundamentalAnalysis - will quickly add my own thoughts on $ELD$EGO now:
It's a mid-tier I looked at more closely a while ago. While I think it's great they monetized their #China assets, the main thing that kept me away is that so much of their pipeline is in #Greece. It's really unfortunate, because on the surface #Greece is a PERFECT place for moving forward with #gold mines: job creation, the country has a good history of mining, it's very prospective, and they're trying to get out of poverty (which #mining is especially good for!). And yet they've been stalled by the political chaos and the left-leaning government types.
Still, this could come together (I really haven't looked closely recently). And most importantly, I really do like the general focus on the #TethyanBelt. I consider this one of the most prospective belts in the world. They already have deep presence in #Greece in #Turkey (both of these countries clearly having problems). But they are moving aggressively in #Serbia and #Romania (they are more advanced in #Romania, but I'm personally more excited about #Serbia). IF #Greece gets its act together, $ELD success could be a big surprise in the near future.
I'll also just add that companies in the #TethyanBelt seem to be overlooked (IMO). Another one is $DPM, which just about no one comments on. So it's definitely a region worth looking into (and I'll add a final note that I personally have great interest in $MUN and $BLS as small juniors in this area...I've talked plenty about $MUN, but not about $BLS yet, which is the company most interesting to me at the conference this weekend https://www.metalsinvestorforum.com/exhibitors/current-exhibitors ) #Tethyan#gold#copper
@Leon@Dan0@bullionaire - In my view people are giving way too much emphasis on #Trump and his economic announcements, totally missing the time-frame, funding, state indebtedness, #China and Saudi Arabia dumping U.S.bonds on lower prices, global economies in decline and an unchanged geo-political agenda. I'd say even worst, if I see NATO partner #Turkey changing sides towards China's "One belt one road" to Iran, away from the EU and in new alliances with #Russia .. In this context, the referendum in #Italy on Dec 4, state elections in the Netherlands, France and Germany and strong right-wing movements in #Europe are looking like a picnic ;-) #gold#chaos
@NewtonRoger that, @dirkdiggler. I recall that from prior discussions and was intrigued to see it borne out in case of $ASR recent price declines. I wrote an article back in July when #Turkey political problems happened suggesting 'obvious trade idea' of put options on the company and just checked back in recently. Nasty price decline since, though partly due to operational problems at mine.
@Goldfinger$Turkey also has fairly advanced anti-aircraft at some of its positions in Northern Syria and can quickly scramble fighter jets from its Incirlik airbase. Should be interesting chess game next couple of days.
@newstracker#Russia – Russia called the killing of its ambassador to Turkey on Monday “a provocation aimed at disrupting the normalisation” of foreign relations between two countries and the “peace process in Syria”.
- Both countries condemned the assassination as an act of terrorism with a Russian delegation set to arrive in Turkey today to work on a joint investigation into Mr Karlov’s death.
- Mr Karlov was shot on Monday by a former riot policeman disguised as one of his bodyguards during a photo exhibition at Ankara.
- #Turkey remains in a state of emergency following a failed coup in Jul that led to tens of thousands of arrests in the following months.
@Goldfinger$Turkey mess continues: "Turkish media reports heavy losses to troops in Al Bab, Syria operation: 10 Turkish soldiers killed, 18 wounded" Turkey is taking heavy losses at the hands of ISIS in Al Bab. Elsewhere Turkey is fighting against Syrian government forces and YPG (Kurdish military wing).
@HighheatWith no disrespect to @Teevee or anyone else but a stock picking contest is not a true measure of prowess. It has flaws with the #1 flaw being picking a great stock and having the character to hold it are two different things. People that bought Colorado Resources looked brilliant for a season along with a lot of other juniors. Close to home example was I was the lone wolf on $CPI Condor Petroleum but let #Turkey & #impatience scare me out of the position and missed huge gains. I wish investing was as easy as a good stock pick, but you learn the hard way that it is about character, as much as intellect. That is a lesson that is much more valuable than a Harvard education and much more expensive.
@MiningBookGuybtw, I sold my remaining $MARL shares months ago (from original $MARL.L holdings on AIM). I may regret it, and don't want to be a sourpuss on this board. But I will add that #Turkey is easily the #1 risk here. The quality of the deposit may overcome all possible negatives...but Turkey isn't getting better IMO. Also, keep in mind if the coup DID actually take place, it's possible all publicly-listed mining projects in #Turkey would have immediately taken a massive hit, and still not recovered.
But the coup didn't occur, and #Turkey seems relatively stable right now (and as @Onlyflaws previously mentioned, it's a big positive to be partnered with a private Turkish company on Hot Maden). Anyway, just adding a couple of my own thoughts, and I think this board has been fine the last few days.
@MiningBookGuy@Brent_Cook - thanks. one follow-up $ORG comment from me that doesn't need to be answered (more for the viewers):
I think $MARL and $ORG make an interesting comparison. I am more positive on #Sudan and more negative on #Turkey than you are. I think the #geopolitics here is very tricky, and no one really knows what will happen.
But one thing for sure: both $MARL and $ORG are going into #IvoryCoast with early stage exploration. This is hugely prospective and a 'less risky' jurisdiction (though no cake walk either). I don't think the market has caught on with this for $ORG yet. Maybe this won't change anyone's mind, but it's definitely worth noting. These companies will be interesting to follow in tandem.
@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...
@MiningBookGuy...Part II $MARL response to @anonymous:
-So Brent and Joe both responded to Orca Gold. But I realized that they probably did not see the entire question...I was really hoping for specific commentary on #IvoryCoast, and maybe something on the actual deposit in #Sudan. I immediately made a decision (rightly or wrongly) to at least get some #IvoryCoast exposure.
-Based on Brent's first answer, I felt like he might not have been aware of Orca having picked up the new exploration properties. So I actually thought $MARL was a great comparison, as I think it's a legitimate discussion for a jurisdiction like #Turkey to be compared to #Sudan. Really, I didn't even necessarily want any response to that post. But I thought anyone holding $MARL shares MIGHT want to think about Orca Gold as a proxy.
-I will be crystal clear here: This was NOT at all meant to put down $MARL. This was meant to get people who own $MARL shares (or just interested in them) to think about a similar company. Since I know Brent/Joe own it and many of their subscribers do, I just wanted to bring Orca to their attention. It was not a planned decision but I thought it could be of interest.
-I am satisfied with what I got out of it. Clearly they are interested in Ivory Coast, and Joe even said that Newmont is exploring in Sudan. I have NO reason to specifically put down $MARL. But I will continue to think of #Turkey as a 'risky jurisdiction', not just comparable to #SUdan, but also to #DRC or #Eritrea and others, which are 2 additional jurisdictions that I consider very risky, but have far more supporters than #Sudan because of a few companies. I am constantly looking for countries/jurisdictions that are out-of-favor and might be an opportunity, and so this fits an agenda of mine that I do not hide.
-So in summary (sorry this was longer than I wanted for a response): This was simply about grabbing some attention for Orca Gold. It would have been fine if no one responded on Orca or Sudan. But because of the unique way events played out above, that is the ONLY reason I brought up $MARL. I have no specific animosity towards the company and how all those who continue to hold $MARL make a lot of money.
I did not want to hijack ~coreshack and apologize if it came across that way. I have no regrets with how things turned out. Hopefully these 2 posts by me help you understand my motives. It all happened very quickly. I will continue to maintain that #Sudan and #Turkey can and should be compared as risky jurisdictions. But I will only continue to discuss this if others want to. I am happy to respond to anything else that might still be unclear.
@MiningBookGuy@Onlyflaws - thanks for that last post! btw, people got really pissed at me when I questioned Northern Shield in mid-2016. I actually ended up buying shares in that one, and sold them recently for a significant loss.
I got caught up in that hype, and I think it would have been better for me to hold my ground AND for there to be more alternative opinions on that one. I think $MARL has everything going for it except this jurisdiction risk. It does NOT mean the company will fail...but it's a risk that can not be ignored. As @anonymous said, he/she can believe that #Turkey is a much better jurisdiction than I do. And having these differing opinions and expressing them in a civilized manner is what makes CEO.CA great!
@GoldfingerIn response to question about sale of $Turkey assets O'Dea says it had only to do with positioning $PLG best for future M&A. Best way to unlock value of Turkish assets was to spin them off from Pilot Gold.
@MiningBookGuy@Wannabeinvestor - fair enough. i just didn't like the idea of Bulgaria getting singled-out with so many other 'dubious' jurisdictions out there. I don't know exactly 'how bad' Bulgaria is...but it's absolutely heating up as a mining jurisdiction.
For the record, Within the #TethyanBelt, I'd pick #Bulgaria over #Turkey, #Greece, #Romania right now (just on my rough opinion of 'jurisdiction risk'). But I'd be open to any of them simply based on geology (I am interested in this whole area for #discovery potential). #Tethyan
@Goldfinger$TUR looks great, just saying. Sentiment on $Turkey is definitely on the pessimistic side, yet price action looks great. One of the best long setups I see out there across markets. And speaking of Turkey $MARL has dropped to support, I like adding here at C$1.00 area.
@Goldfinger$Turkey political climate has deteriorated significantly in the last year, $MARL has a majority Turkish partner but I don't understand the situation well enough to know whether their partner (Lydia) is in bed with Erdogan, or not in bed with him and thus susceptible to losing the resource to the dictator.
@BS@mountains_of_glory I don't own MARL. Never have. My comments are based on conversations with people running companies that operate in #Turkey, or have in the past. Think what you want, but small companies are far easier to screw over than the big ones you mention. And look at how much time it took $agi to get permits. Or the near cease of Turkish activity by $plg ... Your call and your money. I hope MARL is successful, but it's not a given.
@mountains_of_glory@Goldfinger Perceptions have deteriorated, but on the ground I haven't heard of any deterioration in the business or investment climate. There's zero evidence that anything business-wise in Turkey has deteriorated, just lots of headline noise that makes amateur retail panic.
@mountains_of_glory@Highheat reports: "Close to home example was I was the lone wolf on $CPI Condor Petroleum but let #Turkey & #impatience scare me out of the position and missed huge gains. I wish investing was as easy as a good stock pick, but you learn the hard way that it is about character, as much as intellect. That is a lesson that is much more valuable than a Harvard education and much more expensive."