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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.
@ExcelsiorIt is quite normal for a stock that is doing the acquiring $BBB to sell off on the news on the mine acquistion. Nothing out of the ordinary for it to have pulled back on the announcement, and we see this every time a company acquires another company or project.
The question is, will this be worth it for the longer term growth story for Brixton? That will take a little longer to flush out by the marketplace, but obviously they felt it was worth doing. #Index
@MiningBookGuy@CriticalInvestor - nice overview of $BLS the article posted by @racker. i agree with many points. but I want to highlight one quote because I think awareness of competitors is important here:
"Additionally, its 'first' mover advantage (since the commodity markets seem to have overturned the 5 year bear market) into the European part of the Tethyan Belt might also pay off, as the two projects it is trying to land in Serbia look very interesting based on the size of the nearby producing and advanced stage exploration projects. Black Sea is also a real first mover in large parts of Eastern Europe on a local scale, as it takes a multi-year presence to build relationships and win trust of local property sellers. Opportunistic latecomers to this party obviously wouldn't have this advantage."
If you're going to discuss 'first mover advantage', you should have mentioned $MUN, which has been in both of these countries for years, and has built the local relationships you're discussing. $BLS may have been privately in #Bulgaria for as long as $MUN (I'm not sure about that). But I'm 100% sure $MUN has been in #Serbia much longer, and in #Timok specifically. If anything, $MUN has the overall 'first mover advantage' in Eastern Europe, regardless of the other positives for $BLS.
In addition $TETH.L has been in #EasternEurope for a while and has not be discussed either (many parallels). Basically, I really liked your article, but it would have been better to discuss a bit on $MUN and $TETH.L as well ($TETH.L will get a TSXV listing soon, so it will become more more relevant to CEO.CA). *Disclosure: I own shares in $MUN & $BLS, do not own shares in $TETH.L.
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@HighheatEvery time Jim Rickards comes out with a new book pumping Au gold gets killed. I have never trusted him and still don't.
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@greenmetalsWant to Invest in Mining in 2017? Look Out For This - Brent Cook | OUTLOOK 2017 My expectation is that we’re going to see the precious metals back off into early next year as the markets continue its [...] unjustified rise, and the dollar as well,’ he said. ‘But reality is going to set in next year and once it does, I expect investors move back into precious metals.’ Cook also shares his top mining picks and what effects, if any, President-elect Donald Trump can have on the sector in 2017. https://m.youtube.com/watch?v=yeXfqxhRhcI
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anonymousjust like we didn't see $2000 for gold we are not going to see 20,000 on the dow
@newstrackerThe US government's investigation into allegations of antitrust practices at major ad agencies keeps expanding with the addition of WPP to the scope of its investigation, the world's largest holding company. The investigation concerns a practice in which agencies allegedly either mislead production and post-production companies about the rates they will use to bid for a given client's business or ask the same companies to "rig" the bid as a favor in exchange for future work. The ultimate goal is to send more revenue to the agencies' parent companies. http://www.adweek.com/news/advertising-branding/4-largest-holding-companies-are-now-involved-federal-bid-rigging-probe-175178
@CriticalInvestorThanks @MiningBookGuy Not to take much away from your examples, but it's kind of difficult to compare these with $BLS. $TETH.L is a London stock which I usually avoid at first sight (Amara was another fine example), and $MUN is a low-performing survivor of the former bull market. In my book it hasn't achieved much over the years, (very) mediocre drill results and had years of inactivity (I think 2011-2013 or so). It only went down since 2010, they have JVs but nothing comes out of it. Plus a Chinese asset of all places.
@MiningBookGuy@CriticalInvestor - I'm not sure if you caught my full message:
1. $TETH.L will be listed on the TSXV according to management. it is worth your time to do some research on the company, and I think it will naturally garner more attention at CEO.CA in 2017.
2. "Not to take much away from your holdings" - i'm not sure what you meant by this. But I own shares of $MUN AND $BLS. I want them both to succeed, in case that's not 100% clear. I believe to disregard $MUN's upcoming drill plans is an oversight (in both #Bulgaria and #Serbia), regardless of your thoughts on the company's history. $MUN is by far the most advanced junior in this region. (and the Chinese asset for $MUN is irrelevant here)
Basically, my point isn't about "which company is best?" (though I'm constantly trying to figure this out). My point is that they should have been included in your otherwise thorough article. It's actually a benefit to everyone to realize there are now 3 juniors that are very active in #EasternEurope, which is clearly emerging as an exciting region (with #Serbia & #Bulgaria leading the way as specific jurisdictions).