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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.
@pinnsvin@cole119 Totally agree (the timing of my post with anonymous was 100% coincidental). There may well be something up with $MGA. I still think holding $MGA is a good/ great idea. It's certainly undervalued relative to its holdings, but for myself I found the stock a bit opaque/ hard to read. But my original idea in buying $MGA was as a vehicle to hold as much $NXE at the lowest price possible and stuck to that idea. At this point I feel that $NXE is a better value relative to my own risk tolerance. On the way out selling $MGA, I was lucky with my timing. It wasn't my original plan. I was doing the same as anonymous; it just seemed like a good opportunity to get a little gain on arbitrage (if that's the correct way to use the word).
@PamplonaTrader@CriticalInvestor hypothetically, Cameco could quietly buy up 9.9% of $NXE in the open market and then snap up 30% of $MGA, resulting in control of over 15% of the issued and outstanding shares of $NXE without ever having to disclose.
@Goldrushum yes thx for the reminder @PamplonaTrader...i thought 3 was a little toppy after that run and it would pull back....I also sold all my $MGA at 19.5 for the same reason....i'll try and pay more attention to your posts in the future...lol
@redkeymtgMega Uranium owns 19,376,265 shares of $NXE. Nexgen Energy is trading at $3.30 Total value= $63,941,674. Added bonus- MGA also owns 407,095,387 shares of Toro Energy in Australia. Current share price is .06. Total value in Toro= $24,425,723.
Total value in equities combined= $88,367,397. Said figure of $88M divided by shares outstanding of 281,849,328= 0.313 per share. Shares are currently %22.5 undervalued based of full liquidity. They aren’t completely illiquid to that value exactly and would require some discount, but not 22%.
$MGA also owns land with Uranium deposits in Georgetown and Ben Lamond Australia. In summary, I don't think you can go wrong with $NXE or $MGA at this point, but I certainly wouldn't overlook $MGA. Mega Uranium will continue to see movements upwards corresponding with NXE. If we enter in to a Uranium bull cycle, you could argue MGA as a top Uranium stock with their combined equities, Land, and management. $MGA was an $86 per share stock in 2007 Uranium glory days.
@BenedictI think I was mistaken...went from memory will check facts, there was a proposal. Found it.. March 19th 2014 they decided not to proceed on 10 for 1 proposal $MGA...(I guess I was flat the shares at the time)
@redkeymtg@BDMinefinder I rarely post. Our dialogue today is the first interaction we've had. You were very condescending despite my effort to help others see potential correlating value in $MGA to $NXE. Rosseau had a great year, in 2016 congratulations. I only had the data as of 2015 as my reports were not complete for 2016. However, 2011 saw a loss of 11%, 2012 loss of 13%, 2013 loss of 20%, 2014 loss of 33%, 2015 loss of 21%. I wouldn't exactly call that a top performing hedge fund.
@redkeymtg@speculator I've made less than 10 posts in 3 months. I don't pump stock. I actually generally try to post to thank people who know more than me, including @pamplonaTrader and a variety of others. I saw also was trying to help as I see future opportunities in $MGA and $NXE. I don't know what @ylr 's deal is- I've never read much of his posts. But it seems I'm being grouped in with someone who has other agendas for his stocks.
I have appreciated @BDMinefinder an his analysis of $NXE. I did not pick a fight with him. He felt the need to condescend to me and I have no idea why. You can pander to a "big guy" all you want, but just because someone is valuable in their analysis doesn't give them in my mind opportunity to speak down to others, including myself.
The fact is, if you invested $100,000 with Rosseau in 2011, you'd be down to $32,500 by 2015. Even the 124% in 2016, you'd still be close to a 30% loss over the last 6 years with the hedge fund. I gained 48% in MGA in one week because of the analysis I used which he trampled upon.
@redkeymtg@Quantum I don't disagree with anything above. You are right. I am not saying I am more knowledgeable than BDM. I'm not. I know that. However, I did used the analysis I shared to see the obviously undervalue of $MGA which afforded me a very large short term ROI and I shared that. He didn't need to respond as he did. This site is better with @bdMinefinder. I will gladly step aside if it means he will continue to post. Cheers and all the best to all!