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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@nobshere - she explained the complexity surrounding turkish companies vs foreign companies in turkey right now. i personally don't want to put money into #turkey. but it was a great explanation, IMO
@MiningBookGuy@Newton - as for $ASR for #laggards ...maybe, but Copler is in #Turkey, and you've got to have a good handle of geopolitical risk and believe a turnaround is coming for that. It's also a much bigger company, which is more difficult for me to evaluate (not my focus). BUT, you might be right! Maybe you some cool stuff that I don't...that's the essence of finding a laggard :)
@MiningBookGuyI don't own it anymore, but $MRA$MARL defying the negative junior trends, has been positive the last couple days. Interesting one to keep an eye on, battle between jurisdiction #Turkey (negative momentum IMO) and awesome, growing #copper#gold discovery
@MiningBookGuysidenote - @Aurelio mentioned Goldstone Resources earlier - $GRL.L . Some interesting overlap with $STI.L. I've been aware of both of these for a while, have some interesting projects, mostly #Africa, a bit of #Turkey. I don't plan on buying either, but worth following both of them if you're looking for more 'exotic' stuff!
@Newton#Turkey in the news with #Russia on pipeline deal. Open for business? May depend on who you are. Looking forward to news from $asr here on operational results. Share price moving a lot this year -- up and down!
@NewtonHot Maden project $mra. North-east part of #turkey. Exploring 800m square area along 5.5KM strike length. #Big! Has joint venture with local partner, important for getting things done there. First resource was on 17 holes, new one on 60+ holes and at almost 4M ounces #gold equivalent (?).
@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.