The information on this Website is not reliable and not intended to provide tax, legal, or investment advice. Nothing contained on the Website shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@DJS@ekim "SRL" stands for "Société a Recours Limitée", which is the French equivalent of "Limited Liability Company" being abbreviated to "LLC" or "Ltd". I would have guessed that the "SRL" companies were DRC companies, but perhaps they weren't or perhaps the recent changes were more than simple corporate legal name changes, which absent any other info is what I would tend to think given that the new names and corporate indicators are now in typical English form which would suggest they're incorporated in the US, the UK or a Commonwealth jurisdiction.
click to invite
@ekimThanks @DJS I do wonder if there was a strategic tax move by Robert or it was just a legal/labeling type thing that got updated. Must be tough to have all that money and worry about legal names of your few wholly owned companies. :)
click to invite
@FundamentalAnalysis@Kiwipete I have done s bit of research on the PGM space, and my biggest concern is the market size. (overall demand/supply market is relatively small). My only exposure currently is via $IVN. Palladium has supply constraint issues, and the price currently reflects that, whilst Platinum has the opposite problem. Both are highly dependent on the autocatalyst market (one for gasoline vehicles, other for diesel). If fuel cell technology takes off, that would be a major catalyst for the PGM space, however if electric vehicles become a big thing, the requirement for Platinum/Palladium for these types of vehicles I believe are none which could dampen the demand potential. However the world population still continues to grow, most from emerging markets, and they won't be buying Electric vehicles anytime soon, and the price of platinum/palladium still needs to be at a price which allows for sufficient recycling(should the west ditch their vehicles for electric). I think @excelsior picks are sensible. Those are the ones I would be comfortable with outside $IVN if you want exposure to that space. I would like more exposure, but can't quite quantify the potential like I can with certain metals in my opinion like gold or zinc. However if the equity valuations in the PGM space become stupid enough, I'd probably take the risk.
@Excelsior@FundamentalAnalysis - Ha! I never said #PGMs were a "no-brainer" (nothing in resource investing is a no brainer) ;-)
The platinum group metals hold an interesting place in the spectrum of metals in that they have a semi- #PreciousMetals attribute in that they are made into investing bullion, coins, bars, ETFs, and some wear Jewelry as a store of value. Overall #PGMs are mostly Industrial metals used in auto catalysts, medical & dental tools, and other misc applications, but I wouldn't really call them #BaseMetals either. Personally, I'm more bullish on #Palladium over #Platinum and also like #Rhodium, but there is definitely a great deal of catching up to do on the Platinum:Gold ratio based on the historic mean.
There are a few posts with the PGM miners in a list format if they can go to the #platinum or #palladium rooms to find those. With the exception of $IVN (which got re-rated this year after the attention Friedland & Ivanhoe got at the #Sprott symposium), then the rest of the pack is much more undervalued than most of the #Gold or #Silver stocks at this point, so I see value in the #Developers and #Explorers in this space.
$IVN$PTM and $ATL are the only African ones I'm considering, but the rest like $WG$PGE$PDL$WM$NOT$PAN.AX$NMM.AX offer a good opportunity for the world to diversify outside of #Africa for the #PGMs, and represent an interesting value proposition over the next few years. Just my 2 cents. #mbgtrends#newbies
@nlepanAccording to the financial times consensus forecasts accumulated from 7 analysts covering the Ivanhoe $IVN, 2 with a buy recommendation, 4 with an outperform and 2 with a hold. As of one year ago, there were seven analysts saying that it would would outperform. The 8 analysts offering 12 month price targets for Ivanhoe Mines Ltd have a median target of 3.28, with a high estimate of 10.00 and a low estimate of 1.25. The median estimate represents a 29.26% increase from the last price of 2.54. $IVNhttp://markets.ft.com/data/equities/tearsheet/forecasts?s=IVN:TOR
anonymousMario Stifano, President and CEO of Cordoba, commented, "We are pleased with the initial mineral resource which demonstrates the potential for the Alacran Project to host a significant tonnage of high-grade, potentially open-pittable copper-gold mineralization. This is just the beginning as our ongoing, aggressive drilling program is aimed at growing the mineral resources in size and confidence levels, extending high-grade copper- and gold-rich mineralized zones and drilling additional exploration targets with potential to add a new and significant exploration front to Alacran." $cdb$gold$copper$colombia$ivn
@Alan@MiningBookGuy - I'm about a quarter of the way through #robertfriedland story in #thebigscore. As I've noticed many people on here state $IVN as their top pick recently, I'd consider getting a copy. It will give you an insight into his character and, as I believe people are the most important aspect to speculating and investing, it may be worth it.
@Rulingmining@JT Not surprising Toyota also wants to do BEV's also. They already do hybrids, and EV is hot, so why not.
By the way, I have a friend that created his own EV, the Sora (this is his company). Used to sit in his basements while he showed me parts and wooden models.
click to invite
@FundamentalAnalysisOn a seperate note is anyone able to provide some incite on how flatreef $IVN compares with Waterberg $PTM. Waterberg's economics in my opinion are actually quite disappointing, and I'm wondering if similar is expected with $IVN.
@Excelsior@FundamentalAnalysis - I believe that due to their size and scope it takes a toll on the IRR % and yes they have large Capex requirements, but they are both world class assets and very mineral rich deposits. You are correct that we see #Gold projects with much better economics, but Gold is much more pricey relative to other commodities (in particular the #PGMs than it is historically). There also is a scarcity of productive PGM deposits or mines in development, which will underpin pricing. Also, many of the older mines are deep, labor intensive, and complicated by S. Africa Union BS. The mechanized mining both $PTM and $IVN plan to deploy alleviates some of those concerns, and they won't be so deep either.
My thesis is that #Platinum has a lot of ground to make up to revert to it's mean with #Gold, and #Palladium acts much like #Silver does in relation to #Gold (outperformance to the upside and down by #MiniMehttps://sidoxia.files.wordpress.com/2009/07/minime.jpg+ ).
I believe the #PGM sector including #Rhodium is going much much higher over the next few years, and that will tweak those returns in a very positive direction.
Right now, people are treating it like Platinum, Palladium, and Rhodium prices will always be trading this low. Platinum and Palladium pricing won't stay this low during this next bull cycle, and it will surprise people with #Gold#TunnelVision over the next few years. There aren't a thousand PGM companies either, but there are plenty and plenty of Gold & Copper companies.
@caddd100see above linkPublished on Jan 18, 2017
At this event on January 11, 2017, I had the opportunity to moderate a discussion with Robert Friedland from Ivanhoe Mines, David Harquail from Franco-Nevada Royalty Corp., and Scott Perry, CEO of Centerra Gold. Friedland steals the show (as usual) and drops some choice lines about the Globe and Mail, Gold, Cyber Currency, Movies, China, Donald Trump, and pretty much 100 other topics as he riffs on life, the minin
click to invite
@BS@FundamentalAnalysis$PTM Waterberg will likely have a 30+ year mine life (based on drilling to date), and probably lowest quartile for costs. That's the type of mine that doesn't care about cycles, it will keep making a good profit during bad periods too. IRR may be lower than for some <8 year, high grade gold deposit, but in the long run, this kind of mine will pay for itself over and over again. If it wouldn't have potential, the Japanese wouldn't have acquired such a large stake in the project. Same is true for $IVN's Platreef (and Kamoa).