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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.
@nlepanUS House of Representatives to Act on Bill to Target ‘Position Limits’ Rules on Commodities Trading. Andrew Ackerman writing in the Wall Street Journal says that Republicans are about to approve legislation that would make it hard for the Commodity Futures Trading Commission to complete rules to limit speculation in commodities like oil and gold. The CFTC is seeking to create position limits that would cap the size of positions firms or traders could take. This measure is largely opposed by Wall street (not a big surprise). The House is expected to vote as early as Wednesday. Furthermore, The House is also expected to vote this week on a bill that would create more hurdles for the SEC to complete new regulations. This bill would require additional analysis of the costs and benefits of rules before they are adopted by the commission. The SEC also would have to issue “lookback” reports that estimate the cost that a rule has on the economy. http://www.wsj.com/articles/house-to-act-on-bill-to-block-position-limits-rules-on-commodities-trading-1484007805#US#commodities#regulators
@LeonI like Marc Chandlers thoughts: "The idea of a 20% tariff on Mexican imports to pay for the wall is bluster. First, it violates the #NAFTA agreement. Second, if there were not NAFTA, it would violate the WTO. Third, the president would need Congressional support. He can impose a 15% temporary tariff claiming a balance payments emergency, but this is extreme. Fourth, Mexico could retaliate. #Trade between the two countries is very complex. Some goods may cross the border several times before final good is finished. Research suggests that as much as 40% of the content of Mexico's exports originate in the #US. Several European and Japanese #automakers have production facilities in #Mexico. If new tariffs become onerous, their production may not be moved to the US, but it could go home or to a third country."
@mountains_of_gloryPretty cheap EV/reserves here, but like Shaw says we're in a bit of a waiting period. About $USD 35 million against 2P of over $US 100 million, including no reserve adds from all the outstanding results since. Interesting but we need to see some convincing production figures.
@enviro111If I were $EDV I would look at $SMF as a takeover. The stock has gotten real cheep as a result of the $GDXJ FARCE. They are the best of the bunch by far. A market cap of $US700 million. Net cash of $US250 million and free cash flow of $US60 million/yr. $TGZ is the second best. It is cheap too due to the $GDXJ FARCE. $250US million mCAP, and 80 millionnet cash. No free cash low, though. $AKG has a $US 450 million Mcap, no net cash and low margins. I think it is higher priced because it has a US ticker symbol? $ROXG has a $US450 mCAP, 10 million net cash but no free cash flow. High margins and good grades. The rest are development scenarios. I think $swa is better than $SCA. $AVK is interesting. These might be targets of $SMF when its stock recovers. I cannot comment on $RSG.AX. I avoiding $PRU.
@TruthMatters@Jules, the $1.8M PO is in $cad not $us. From what I learn from this forum, "they outsource manufacturing ... therefore they don't need to expand their installations to ramp up sales". Depending on the location of the outsource, the $cad crashing may not be a good thing. I'm not that optimistic to expect an EPS of around $0.00 for Q2 results but it's just me.
@Excelsior@MiningBookGuy Yes. Absolutely. Many Canadian investors have turned a blind eye to the #Yukon for years due to it's lack of infrastructure (but that has been imporving). Only in the last year with the $KAM takeover by $G did people really start following the area again. (with the exception of our buddy @JamesKwantes, who does a kick-ass job of covering the #Yukon).
Suddenly after that Kaminak deal, then Kitco was covering the Yukon, and they were sponsoring videos and mining with Yukon days, etc... The Northern Miner has really kicked up their coverage as well. If $AXU$AXR had the grade they had from the Bermingham and Moth & Flame deposits, and were about to restart #Silver#Zinc#Lead#production in #Mexico, then Alexco would be trading waaay above where it is now. It hasn't gotten the respect it deserves for years (mostly due to nervous nellies on the $SLW stream, which has been resolved now). Investors don't pay up for the #Yukon.... (yet).
As for #Colombia, many still won't touch it, and the recent mining ban in El Salvador has spilled over into some communities in Columbia where they just blocked a major mine from $AU $ AngloGold Ashanti. This has had some investors on edge....
VILLAGERS VOTE TO BAN ‘LA COLOSA’ GOLD MINING PROJECT IN #COLOMBIA
27 March 2017 / Bram Ebus
"Residents of Cajamarca in central Colombia made a nearly unanimous decision in a popular vote on March 26 to block a massive gold mine, dubbed La Colosa, one of the largest in the world."
.....(the open-pit mine is a project of world’s third largest gold producer, AngloGold Ashanti.)
$CNL (prior to $NEM's investment recently was getting hammered due to this). $R has been getting hammered and if their mine and new production was in BC or Saskatchewan or Ontario, then the Canucks would have already bid it up 2-3 times where it is now as those areas get a premium.
@MiningBookGuy - I'm glad you brought up both jurisdictions for discussion and it is interesting. They remind me how #WestAfrica and #Brazil really still aren't getting the valuations of the "safe" jurisdictions of #Canada, the #US, and #Mexico. What is crazy is that in the case of the #Yukon is it's in Canada, but is like the red-headed step-child as far as the miners are concerned.
@Excelsior#Korelin Economics Report - Weekend Show - Sat 13 May, 2017
#GOLD and #COMMODITIES Pullback From US and International Drivers
"This week we started to see a turn around in the #PreciousMetals and commodities in general. On this week’s show we take a close look at why this pullback in commodities happened from both a domestic and international perspective."
"Over the past month money has been flowing out of #US equity ETFs and into #EU and #EM funds. This has not had a big impact on the US equity markets but by the end of the week we started to see a slow rollover. This helped provide a small pop for the metals from an oversold territory and looks to continue. The question is, how long and how high?"
>> Segment 1 & 2: In the first two segments I am joined by Dan Oliver, Founder of Myrmikan Capital. Dan is a great at recapping markets moves dating back hundreds of years for #metals and #commodities. In the first segment we discuss the current commodities pullback and compare the situation back in the late 1920s. In the second segment we look at the relationship between #inflation and monetary debasement.
> Segment 3: Chris Martenson joins me to dive into #China and discuss the deleveraging that is underway and the markets and economies that could be impacted by a China pullback.
> Segment 4: Fund Manager Dana Lyons take a look at international markets where we have seen large flows of money into #ETFs over the past month.
>> Segment 5 & 6: Jeff Christian, Managing Partner at CPM Group, joins me for the first two segments of the second hour. Both segments focus on #gold and #commodities but in the first segment we look at the factors in the #US driving commodities. In the second segment we look again at #China and #India in terms of gold demand.
> Segment 7: #BrentCook, Founder of Exploration Insights, shares his outlook on the $GDXJ rebalancing as well as a few #zinc companies they are following in his newsletter.
> Segment 8: A recap of the week in #US#equities and the #metals. We are seeing turn and bounce from oversold territory.