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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.
@FundamentalAnalysisSent Teranga an email regarding my concerns surrounding the lack of open market buying. I would appreciate it if all $TGZ shareholders who feel the same way do the same...all companies with good corporate governance do listen to shareholders if we all equally voice our concerns. Thanks #newbies#mbgtrends. Richard portrays teranga with a lot of upside potential, and although part of their compensation is related to the share price, they should also be forking out their own money to show real incentive. (A no risk reward for success and no loss for failure is not the same situation retail shareholders face). The mining industry is full of people who just talk a good game and if teranga is the real deal I would expect the management to follow through, but maybe I'm hoping for too much....Richard isn't Lukas Lundin or Ross Beaty........... It's all a numbers game just my message doesn't have enough weight but if say 50 come through in a short period investor relations will more likely speak to the management so I urge all to follow through only takes like 2-3minutes here is the email Trish Moran (email@example.com)
@BassmanBobNewbie question...when a news release appears in the newsroom, does it automatically get directed to the stock's channel?
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@EvenPrimehttp://cdn.ceo.ca/1cfc7qn-duedili.png+ This is a convo between @RocketRed and myself last month. Some decent information on there for #newbies to see how we approached this concept. @Mr.Smokey - 70M is just a guess. From a quick glance I considered them worth around 20M but I know if they wanted to sell the idea, imo its worth around 70M with a working product that can take low resolution, single wavelength images in a very small package. That is a technical feat in itself, and its not like there going to pack up and sell it for 70M right now lol - just a number I felt comfortable with. Show me a daytime image and my whole perspective will change. But I will say - its coming, and I think someone will find a way. $NXO I'll have to sit down one of these days to really look at the company, and get a better valuation on it.
@MiningBookGuy@BassmanBob RE: https://ceo.ca/newbies?408629080c22#newbies - Yes, usually this happens. I have noticed rarely that a company news release is not properly tagged automatically...this is probably less than 1% of the time.
In general, you will simultaneously see a news release in the newsroom and the stock's channel. It will show up in the 'index' at a later time, depending on when/if CEO.CA moderators (or others) decide to post.
@Thow do ppl view companies that are cross listed and is there any situation where you might want to avoid buying on one exchange as opposed to the other or should you just buy whichever is cheapest? asking because of the price difference that you see sometimes on cross listed stocks. #newbies
@hunter@T - I have wondered the same re cross listed companies and if arbitrage opportunities exist when one exchange gets ahead of another. Example today with $NRN up 10%, and OTC version $NSHRF down 13%... 23% spread today...? #newbies
@MiningBookGuy@FundamentalAnalysis - lol yes, it's usually not a good idea to be 'too greedy' like i'm becoming :P
but on that point, when i'm looking for 10 or 20 baggers, i'm more than happy to take a 'free' ride after a 3-bagger or so...and if we're sticking with some hard math, i'll do a quick calculation for the 3-bagger --> 10-bagger type thing that I can see myself doing (sticking in some numbers):
1000 shares at $1.00/share = $1000 investment
reaches $3.00/share --> 3-bagger, 200% return (btw, this is great because it's a point I was making with @theNextBigRush that i'll come back to after posting this!)
I sell 1/3 of my shares (we'll keep it at exactly 333.33 shares, even though that would never actually happen!) for exactly $1000.
Now I've got my full investment back, and still $2000 and ~667 shares on the line!
from here, the stock goes from $3.00/share --> $10.00/share
The total value of my shares is now:
~667 shares * $10.00/share = $6666
And this does NOT include my original $1000 invesment!
So we're at $6666 + $1000 = $7666
While this is NOT a 10-bagger for me (since I took money of the table), it's stil a very nice ~7.67 bagger overall (~667% return)
THIS is the type of thing I'm always going for...you can get a 3-bagger along the way, always going for 'something bigger' :)
And please do check my simple math, which I could have easily messed up! I'll follow this up with another post...
@MiningBookGuyFollow-up post for @TheNextBigRush / multi-bagger discussion:
2. Honestly, when I was just thinking of mentioning that 10-baggers = 900% return on Fabi's youtube page, I did 'doubt' myself, because many people still think 10-bagger = 1000%.
This is a 'broader' comment...but this type of 'doubt' hits me ALL THE TIME, and probably you guys too. There are many things in investing/speculating that are believed to be 'common knowledge', that are just plain wrong, or more subjective than they seem on the surface. I just thought I'd bring this up as a discussion point, because it's really, really important to take a #contrarian mindset, whether you are making decisions on buying/selling stocks, or just researching things at ceo.ca and 'buying into' the ideas of other people on this site (like me!).
It's a constant struggle to stay 'independent minded'...but I think it's key to long-term success here. This thought goes way beyond discussing #multibaggers ...but it was an important one that crossed my mind, and I thought it was worth sharing, especially for #mbgtrends followers and #newbies
@MiningBookGuybtw, i'm also reading some great anecdotes of psychological tests from the 60s (like stanley milgram type stuff). The one that really stands out to me is the 'pencil test'. I will try to quickly paraphrase:
A bunch of people in a room. One is the subject, everyone else knows it's an experiment. A bunch of pencils are laid out. One is a different color (we'll say 'red'). But they are all EXACTLY the same size.
Everyone is asked to determine if the red one is the same or different size of the others. The subject will immediately know it's the same size... but everyone who knows it's an experiment is told to say it's a different size. Supposedly about 1/3 of the subjects are convinced to change their mind, simply because everyone else didn't agree with them!
Many of you may have already heard this or things like it. But it's just an amazing human characteristic that we can be convinced to change our minds on something so obvious...and it means we can much more easily be convinced of things that are not close to as clear as this experiment! Something to think about, and that's enough long posts from me for the day! #newbies#mbgtrends#psychology#MassPsychology
@VaughanFYI, the #newbies hashtag was created in order to provide a place for new users and new resource sector investors (of which I am one) to ask questions and share research methods. IT IS NOT INTENDED TO BE TAGGED WITH MORE SENIOR INVESTORS "Stock picks". As such, the hashtag will remain clean of "stock picks" , especially those followed by fomo statements or "load up".
@MiningBookGuycatching up on #Newbies posts I missed yesterday...
@Vin RE: https://ceo.ca/newbies?44e337ee654b - nicely done pointing out where NRs show up! #newbies, make sure to check this post...i think even many ceo.ca long-timers aren't aware of how easy it is to see recent news release history.
@Vin - i still think there's an automated way for news tagging...in fact, there's a great example from yesterday (i'll comment on it in ~AUfrica shortly)...it was #Randgold, which should be $RRS.L (listed in London), but was tagged $RRS (which is Rogue Resources). My new guess is that the mostly likely reason for mis-tagging is that AIM/LSE stocks in the UK and ASX stocks in Australia that have news releases from North America are often mis-tagged this way. But whatever the case, most of the time they are done correctly, and it's a hugely valuable service!
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@MiningBookGuy@T RE: https://ceo.ca/newbies?5f8043c0d7e1#newbies - not sure if anyone responded to you in the 'index' since I missed this yesterday. In any case, it wasn't tagged to #newbies, and I'll give you my quick take now:
I would say the primary reason to choose one listing over another is volume. A secondary reason is figuring out which listing is the 'main' listing. I'm going to ignore OTC here (which for me is a whole different question...but could address this in another post). And I'll focus on the difference between Canadian and Aussie listed stocks. Here's 3 I follow pretty closely:
*Note these are real examples, but we are not discussing actually buying/selling these companies on their merits...simply which listing to buy.
For $PRU$PRU.AX, even though volume seems higher on ASX, I would say it's pretty even on interest from the exchanges, and it's simply a personal preference.
For $TGZ$TGZ.AX, I would DEFINITELY choose canadian listing over Australian. Richard Young CEO of $TGZ even mentioned how the ASX listing was more of a 'legacy listing'. It's also interesting to note how #HotCopper discussion is much more active for $PRU.AX than $TGZ.AX. So while these companies are very similar, $TGZ is going to be the better listing for many reasons.
For $WAF$WAF.AX, it's a much tougher choice. @stateside has noted many 'arbitrage' opportunities, as $WAF seems to be relatively cheaper much of the time. But $WAF.AX is definitely more liquid. I think this is a good example of where there might be costs/benefits to choosing one over the other. But I would still say you could go either way with this one.
Anyway, wanted to give a few examples because I think it could help you and others start to see how sometimes it's pretty obvious, and sometimes it's not. Maybe some other people have thoughts on this as well! #newbies#TSX-Stocks#ASX-Stocks
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@MiningBookGuy@hunter RE: https://ceo.ca/newbies?328a1f293d1a#newbies - LOL, i spent all that time answering @T and didn't check your response! I should have, as maybe OTC 'cross-listing' is of more interest to most people.
Anyway, OTC-listing is a different animal to me. I DO think some people make money with arbitrage opportunities here. But I'd say be VERY careful, not only realizing that OTC is often very illiquid (which is both a good and bad thing), but there are different 'qualities' of OTC. I strongly recommend anyone serious about OTC (even just for buying stocks and ignoring arbitrage opportunities) to check the official site here:
Pay special attention to this page:
http://www.otcmarkets.com/learn/otc-market-tiers (*note - good details as you scroll down, and also the left sidebar) #OTCMarketTiers
As you go down the list, the risks multiply, especially once you reach 'grey market' at the bottom. It is NOT always obvious which juniors are higher/lower quality.
I'll leave it at that for now...I think this would be a great topic to go into further details! I'll tag #mbgtrends in case there are more comments over there. #newbies#OTCmarkets#OTClistings#USlistings#CrossListings
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@ocotilloreduxI don't have issues with PEA's per se but I have plenty of issues with the way CEO's report the outcome of PEA's in press releases. The average reader does not know the difference between a PEA, PFS, FS, DFS, BFS, FEED etc. so they have no comprehension of the level of accuracy of a given study and the CEO's are not about to state it. Here is a paper I have used countless times to differentiate between study types and their level of accuracy... http://docdro.id/caZb3CG In the past 10-15 years the error band has actually been much greater than that illustrated when you compare PEA numbers with actual final construction costs including initial working capital. And it is always "plus" never "minus" #newbies#index#mbgtrends
@Tthanks @MiningBookGuy, yeah i was more talking cross listed and excluding OTC but @hunter brought up a very good question on the OTC listings. im getting better with my trading and have a couple companies right now im interested in that are cross listed and the first thing that came to mind when trying to decide which to buy was @stateside. like you said, when he was pounding the table early last year on $waf and noting the price difference between canadian and aussie listed.
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@GoldfingerHere is a quick rundown of the main stuff that I look at daily. I'm sure i'm leaving plenty out but these are the tried and true sources. I also receive research from RBC and Haywood regularly and they are both very good.
News Sources: CEO.CA, Bloomberg, Twitter, WSJ, Marketwatch, FinViz.
Blogs: Farnam Street, Charlie Bilello, All Star Charts, 321gold, Zero Hedge.
Charting: Stockcharts.com, Investing.com, Interactive Brokers chart platform.
Market Depth and quotes: CEO.CA Pro (Canadian listings), Interactive Brokers (US stocks, futures, currencies)
@FundamentalAnalysisThanks @hihosilver, despite thinking the company was a little pricey, especially when I compared to west Africa. I am very interested after watching the 2nd link and around the 9:05 where he mentions (he has sold no shares and that if he takes out his real estate 70% of Pauls net worth is in Klondex) that's proper alignment........ #mbgtrends#newbies
@FundamentalAnalysisThat's true you cannot compare to west africa, but to me if I were to narrow it all down to numbers, I can see multiples being applied and how it compares from a premium perspective. Personally I don't discount west africa like the markets do. If I had 800mn CAD I could buy one klondex or two teranga's. Personally I'd prefer two terangas. That's the way I look at it...although the market values it differently. Personally I believe market valuations are rubbish for the most part....but that's my opinion not the markets opinion. A market valuation in my opinion is how much will the shareholder get back and that is the most conservative way to look at it....and not arbitrary multiples which is what the consensus uses. I guess its no surprise why everyone across different industries overpay for acquisitions because they look at things incorrectly. #newbies#mbgtrends
@MiningCatalystCan someone explain me finder fees in Private Placement (cash, stock or warrants) How and why are they rewarded to certain persons/entities? #newbies
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@FundamentalAnalysis@Vaughan Good re-post always important to seek out sensible sources for facts/comparisons, none of this info would be found on an investor presentation or on the website. This is the kind of information one needs to help assess whether an exploration story stacks up, otherwise you might as well go to the casino and bet on black. #newbies
@zartcepsHow about setting up monthly or quarterly CEO.CA conference calls or Roundtable groups where #newbies can sit "at the table" with CEOs, geologists, engineers, investors, speculators, analysts etc. Or encourage users to create such groups, for example #mbgtrends roundtable, where you can get to know the contributors behind a certain panel/channel.
@Vin@Paul click on this: #HowTo
It will take you to a channel of very useful tips.
There IS a beneficial difference between $ and #, apart from etiquette. If you hover your cursor on a cashtag, you will see the full name of the company being referred to. #newbies
@JamesKwantesWas actually @Mick who shared the article initially -- in the Pros channel @TomWallace. Agreed, an excellent read about the psychology involved in participating directly in the stock market
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@DJSWow. This is the first and last time I buy an ASX listed stock using TD, my discount broker. I bought 33,000 ARL.AX about a couple of months ago at 0.47 and just sold it at 0.64 (selling due to the underwhelming news release). Paid $300 commission on the way in AND again on the way out, plus a 0.03% AUS "stamp duty" on the sale (aka foreigner tax). Still made money on the trade but feel like I got absolutely abused in the process. Not sure if all Canadian discount brokers are as painful when trading ASX shares, but TD certainly is. #learningexperience#newbies
@FundamentalAnalysis@DJS I face the same rubbish when buying canadian stocks as a UK investor, I have to pay a small spread for the FX conversion. Now when I was buying in Dec 15/Jan 16 it was fine the GBP was strong against the CAD and started weakining to my advantage so didn't care about the small spread, but now situation has reversed GBP is strengthening against CAD, stocks are weak so its a double whammy, AND i have to still pay the FX spread. I've been holding back to allow GBP to strengthen against CAD.....moved by close to 10% over past few months. #crazyfxvolatility#newbies
@JamesKwantesAgree in principle on share structure @Sarb but that microcap quote is talking about microcaps that are run as businesses with the goal of profits. A junior exploration company is not that, at least in the short term -- it's more like a risky call option. And raising $$ to explore requires issuing shares. BUT I like a tight share structure :) #hotpick#newbies
@MiningBookGuyAllan - CEO.CA is actually VERY intuitive (compared to any other chat/message board I use), and just needs a more in-your-face guide (i'm sure that's coming too!). many 'non-elite' members benefit from private rooms and side rooms. it doesn't take long for them to learn this.
btw, if ANY #newbies are wondering about this stuff, just ask! i will help you out this instant (gotta run soon though), and others would too. i still like this aspect of the #index, where someone can show up out of no where and get friendly help.
@MiningBookGuythanks for the kind words @TheGalvanizer! I think it's easy to forget that CEO.CA is still 'very early-stage'...I can envision this place becoming an absolute circus within a few years (in both a good and bad way)! This is a great time to learn the ropes, get in 'before the masses'.
ANYONE can create their own rooms and panels ( #mbgtrends started as just a simple experiment, and #newbies quickly followed), and i think it's so easy to forget that. Oh and of course, many of us appreciate the invaluable commentary in the ~Zinc panel managed by you :)
Good to have these types of conversation in the #index every now-and-then. Ok, I need to run for a bit. But a #thankyou to @Allan for adding a bit of 'positive energy' here, even if it was in a roundabout way! :P
@JamesKwantes$SMD prospecting and drilling primarily to generate interest for the properties. And yes, it's more of an investment fund. But large land positions around every single Yukon project that the majors have bought into in the past year - $G's Coffee, $AEM and $WGO, $ABX and $ATC (which they own 8% plus of) and Newmont/ $GSR. Also $TG is a chance for retail shareholders to get in on a promising exploreco out of the gate, which doesn't happen too often. Usually that's the realm of insiders and friends. Obviously, I'm long and biased #newbies#hotpick
@DJS@PhotoJ@FundamentalAnalysis Thanks for your insights. Hope all the #newbies out there are able to learn from these posts. I do have a full service broker as well (Haywood) and recently used them to buy some $MTR.L on the AIM in London. I will have to test them on an ASX stock when I next buy one but so far I have to say that the price was quite reasonable (I approached them) and the experience was completely painless by comparison. There's no way to avoid the FOREX risk, though.