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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.
@JamesKwantesFiore Exploration is a gold play @Goldfinger$F Think maybe you mean $AN, which optioned the Pampas El Penon project to $F -- and holds 9.55M Fiore shares
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@NewtonI feel like there is a point to be made about bear markets there. It's not just that majors stopped funding exploration, it's that they also sold (many?) of their early-stage projects. Double-whammy to crush the exploration sector and create large opportunity for those who can bring capital to bear at right time. Occurs to me while listening to $knt presentation, but reminds me of #TimWarman$F comment about "orphaned projects" in our recent interview.
@RedlakeCapitalFiore $F pp @ 25cents coming free trading early December. The stock might show some weakness so will be great to add under 50 cents. they recently closed another financing at 55 so not a bad bet.
@JamesKwantesNice to see Fiore pick up more ground in Chile near its existing Pampas el Penon project. Have to spend $2.25M over 5 years, pay SQM $1.26M over 5 yrs and issue 500,000 shares. Also, sliding scale royalty. Earlier-stage exploration so Pampas el Penon drilling remains near-term catalyst. $F share price has dropped a fair bit of late @fscwire/fiore-exploration-acquires-new-project-in-the-el-peon
anonymousFYI 20 million Fiore shares are about to come free-trading from the $5.2 million financing at $0.26 closed August 4th, 2016. Next Monday is the approximate free-trade date.
20 million more come free-trading Jan 20, 2017 from the $11 million financing at $0.55 Sept 20, 2016.
@DJSHmmm... Added more at 0.41 but it's not finding any support yet. This may be tax loss selling by those who bought in the .60s and .70s a few months ago. MC is now under $40M and I'll definitely be adding if it falls another nickel or so.