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@MiningBookGuy@EvenPrime RE: https://ceo.ca/index?f3bab74f16a4 - definitely, and they don't even need to be 'well organized'! Just seeing ANYTHING other people are comfortable sharing is really cool, especially if I don't even know who the people are at CEO.CA. it's an indirect and very easy way to get more exposure to CEO.CA.
people should be aware that ANY room or panel can also be added to #watchlists, and they can all be subscribed to. #newbies
anonymousOBSERVATION 7: THOSE WHO KNOW DO NOT POST, THOSE WHO POST DO NOT KNOW. Maybe not always true but a useful rule of thumb for the blind and one-eyed. If they do know and still post then observation 2 applies. #newbies#index
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@GoldfingerHuge fan of the #watchlist feature, I just set up my Junior Resource Model Portfolio and my CEO.ca experience just jumped to a whole new level. Who needs anything else? $newbies
@MiningBookGuy@SamJones@Vaughan - I'm disappointed by the lack of public #watchlists shared so far. I agree with @Vaughan that there needs to be more social features at CEO.CA, and I love the potential of this one. I want it to encourage more #newbies to share what they are following, just as much as people who are already heavily followed.
Maybe it's just a matter of making the #watchlists easily visible on the CEO.CA homepage. I applaud the developers for continued experimentation. Unfortunately, I consider ~Panels to be an overall failure in the sense that very few have created regular conversations (but it's a great learning experience for everyone).
#Watchlists will go beyond being public as well, as @Vaughan mentioned. I don't know what it takes to get 'new' people sharing things. But we need more voices at CEO.CA, instead of hearing tired old ones (like me!).
btw, @anonymous is a bit too cynical with his/her "one-eyed man" comments. I agree with some of this, but definitely not all of it (though perhaps too cryptic for me to understand the 'true meaning' anyway!) #mbgtrends
anonymous@MiningBookGuy also observation 6:POSTERS WILL ALWAYS BELIEVE WHAT THEY WANT TO BELIEVE. Until it's too late. Simple as that. No point arguing. #newbies#mbgtrends
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anonymous@MiningBookGuy the observations are only as cryptic as you want them to be. Observations 6 and 8 are about psychology. Observations 1 and 7 are about vanity. Observations 2 and 5 are about manipulation. Observations 3 and 4 are about caution.
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anonymous@MiningBookGuy the observations are only as cryptic as you want them to be. Observations 6 and 8 are about psychology. Observations 1 and 7 are about vanity. Observations 2 and 5 are about manipulation. Observations 3 and 4 are about caution. #newbies#mbgtrends
@MiningBookGuy@anonymous - observation 7 & 8 bugged me
on #8, "THE MOST IMPORTANT POSTS ARE THE ONES YOU HATE TO READ." there is so much drivel on ceo.ca that i 'hate' (excellent example being martin armstrong stuff pushed by nobs, much of it literally cut-and-pasted with minimal context), it just doesn't apply here. On the other hand, there is a TON of quality stuff that is simply ignored. i find the best content isn't 'hated', but people just aren't paying attention.
if you want proof, just notice all the good stuff @luctenhave posted over the past year, and how he only really started getting followed AFTER some of the big wins...he isn't the only person that has experienced this.
on #7, "THOSE WHO KNOW DO NOT POST, THOSE WHO POST DO NOT KNOW." kind of true...but we then get to the point that people feel like they shouldn't be posting anything. really, we NEED more new posters at ceo.ca! of course everyone has an agenda here (#2, and i was happy to see you post that point). but it sure doesn't help when a few users continuously steal attention from others, because that's what is often happening.
if anything, some of those 'who know' are NOT posting precisely because they are sick of others grabbing attention and posting drivel. CEO.CA is working on new tools to improve this.
anyway, i like your observations overall, but wanted to add a little clarity to what i was thinking. i'm happy to discuss further if anyone is interested. #mbgtrends#newbies
@Goldfinger@MiningBookGuy My commitment is to post value, and share different opinions and different sides of the story, as often as I can. Others might not have that same commitment and that's cool. So #7 doesn't apply to all. #mbgtrends#newbies
@FundamentalAnalysis@anonymous Not true, too much of a generalisation. I've made u-turns on some of my decisions in the past. Personally I encourage people to post negative information on this stock. You should follow my comments....I'm always bearish biased in general even with stocks I own. $ORG#newbies#mbgtrends
@StarFire@hochtief re: your #newbies question, the devil is in the details as $ELD is not buying all the shares of $ICG at $1.21..it's either stock, cash, or a stock/cash combo..I didn't crunch the numbers but I'm guessing that there is not enough cash to pay everyone should every shareholder request cash, so they'll be left with paper. I gather it's that, plus potentially waiting until August 30 to get the cash with the possibility of getting shares instead that the market doesn't like...So 'yes' you could potentially buy .95 cent ICG shares for $1.21 cash in the future, at the risk of over paying for ELD shares today (ICG shares for $0.95 cents for 0.24250 of an ELD share at close at $3.62)...plus whatever else they'll talking on BNN right now about Eldorado and their problems
@GoldfingerIn general I find it to be a net negative when a company reports a hole less than 1 meter i.e. ".8 meters of 40 g/t Au." Unless there are wider intersections it comes off as desperate. #newbies
@MiningBookGuyallan - that's fine. but don't go telling other people you have 'lessons' to give them about how to use ceo.ca
"lesson for folks to learn, if you want others to read your stuff, make sure to share it in the index."
this is 100%, NOT true, both for people talking about the most 'interesting' stocks, AND for following those conversations. the #1 way to start 'discovering' interesting stuff at CEO.CA is to follow people here. and it's NOT just the 'top 20' most followed...there are many, many people I follow here that rarely/never post in the #Index, and some of them post publicly with really interesting stock ideas that very, very few people are following.
and if you need my own example, just look at $RGD (which I've mentioned before briefly), where it was mentioned by @JoeMichel@Samson (and then I started discussing with them and @ARIMA privately for more info). I didn't make a fortune, but I made some really good $$$, ALL because of using CEO.CA 'the right way'. And now I chat with those guys from time-to-time, and follow them, just like dozens of others.
There are many other examples like this, and there will be many more. (btw, I still own just a few $RGD shares, and would consider buying more on weakness, though it's not in my own 'top-tier' list right now)
THAT'S a real #newbies lesson. There were no tricks. And yes, maybe I will start making more videos on stuff like this.
@KevinSHi guys what do think of applying a crowd sourced strategy to playing the GDX carnage for the time poor novice investor? Having being lurking on here over the past few weeks and waiting out the GDXJ carnage I have compiled a list of companies from a couple of posters that I respect ( @FundamentalAnalysis@miningBookGuy@jayfire@criticalinvestor) and cross referenced them to ensure that there were a few choices common between individuals. I then merged and compared the popular ones from this list against the Katusa Gold Stock Buyout candidates (https://katusaresearch.com/gold-stock-buyout-candidates/) to not only benefit from a potential rebound post GDX rebalancing but also to increase odds of Buyout. As a result I honed in the following picks and am chucking in stink bids circa 5-10% below current prices: A. Teranga $TGZ@CAD3.10 B. Semafo $SMF@3.00 C. Sandstorm $SSL@4.85 D. Dolly Varden $DV@0.55 and Bonus bloodbath pick of E. Asanko $AKG@1.70. (https://seekingalpha.com/article/4079147-asanko-gold-study-confirms-potential). My portfolio is currently standing at 53% invested/29.7% Cash/16.8% Losses. I plan to reduce the cash amount by half and to use circa 12% to BTFD in 2 waves of 6% with 1% allocated into the 6 stocks above. My way of rationalising this but was wondering if anyone has similar strategies? :) #newbies oh and all but asanko are new additions to my portfolio bringing total number to 18 but i hope to cull these to best performers if we get a rebound rally into autumn. Im basically buying BTFD in West Africa (BTFDIWA!!) which seems to have taken a massive bashing these last few weeks!
@JamesKwantesOn your #Africa comment, @Allan, I must respond. Partly because I went there for the first time recently & what I learned and experienced. I take your point and there are some very real issues wrt corruption, colonial legacy, etc. But's a big, diverse and mineral-rich continent with countries of all shapes & sizes & degrees of mining friendliness, so you're painting with a VERY broad brush there. #Botswana, for eg, is a great mining jurisdiction. And extending your logic takes you to some curious places. Why arbitrarily draw the line at Africa? Would you write off all of Central and South America because of some serious anti-mining sentiment at the local level (and a history of centuries of colonial exploitation)? British Columbia because of the First Nations? That BC one is not a rhetorical question -- I have talked to high-profile mining CEOs who take that very approach. To take it to a ridiculous level, how about the entire Earth? There are great opportunities to make money in different areas, sometimes even where you're not expecting it #newbies
anonymous@Jayfire - the value of your comments is in the fact that they are born from experience and a willingness to learn and pay the price. I have learned many of the same lessons and know how much they cost and are still costing. The problem with so many posts is that they are based on not much more than breathless enthusiasm and over-confidence and not taking a step back long enough to take a breath and learn a real lesson. So OBSERVATION 9: THE ONE-EYED LEADER HAS A RESPONSIBILITY TO THE BLIND TO AT LEAST HAVE AN IDEA WHAT HE IS TALKING ABOUT. #newbies#mbgtrends#index
anonymous@Jayfire - this is something from my own experience. I knew a person who was so determined to be THE ONE WHO TEACHES OTHERS that he was completely incapable of learning anything. It raises the question if a person who needs to be seen as a teacher has anything to say worth listening to. That - in my honest opinion - is a problem with this site: there are a lot of people who want to learn but a lot of people who want to teach so badly they are exactly the wrong ones to set themselves up to do it. In this way the one-eyed king is more dangerous than the two-eyed used car salesman: it is not enough to be enthusiastically dancing in a minefield and calling the newbies to come over because it's fun. #mbgtrends#newbies#index
@anomalloyanon red dot, posters with handles develop a reputation for the quality (or lack there of) of their posts, and viewers judge the validity of the information by the poster. Anon dots, in my opinion, are to be viewed sceptically as their reputation, biases, and motivation cannot be determined. #newbies
anonymous@MiningBookGuy - you ask me if I "have something real to say". My two posts this afternoon to @Jayfire were 'real'. The observations are real - based on real experience - and they cost me a lot of money to learn the hard way. They were posted anonymously for a little fun and maybe make some readers smile or laugh. They were meant to provoke some thought or discussion. But you seemed to take them personally and pass judgement as if it needed your 'yes' or 'no' to authenticate their value for the population of this site. That's quite arrogant especially as you gave no indication of understanding the meaning of any of them. You don't give yourself long enough to think about anything because it's too important for you to say something: you think about something for 2 seconds to become an instant expert and fire off a post or make a video about it. It doesn't work like that. It's not the number of posts that counts or the number of people posting, it's the amount of thought that goes into them and if somebody else can get a word in edgeways. #mbgtrends#newbies#index
@MiningBookGuyok there we go! i at least appreciate you finally coming out and saying how you really feel. for some reason you feel the need to keep tagging #index. this will be my only #index tag on this conversation. i think it's inappropriate for that room. but i will keep the conversation going in #mbgtrends, and tagging #newbies where appropriate
anonymous@murat - being anonymous was meant to be a bit of fun. Never thought it would cause such confusion and trouble. Give me a moment or two to come up with some kind of handle and stop posting anonymously or call a day to using this site. Not sure if there's something useful to contribute to it. Maybe an idea to make it possible to read the site without posting rights and signing in. #newbies#index#mbgtrends
@MiningBookGuythe thing is, i do mostly take things seriously here, because reputation matters. i'm trying to make money! but i'm trying to do it in a way that creates 'win-win' situations. i don't see any problem with that.
If anything, i'm more transparent than the typical poster here. i agree with a primary 'Observation' of yours that people should ALWAYS remain skeptical. but what makes you think i've got some dark agenda? do you really think i'm trying to steal money from people here? is there something i'm doing that is making ceo.ca a worse environment for #newbies?
anonymous@MiningBookGuy - the reason I keep tagging #index is because I haven't got a clue the precise location this conversation is taking place. But there isn't going to be a conversation. For you it's always about talking and not about thinking. You have read my post and thought about it for - maybe - 2 seconds and you've got it all worked out. #newbies#mbgtrends#index
@MiningBookGuyi have repeatedly encouraged ANYONE to make their own rooms at ceo.ca, have influence in their own way. do it from the ground up. I don't consider myself a real 'expert' in anything. but i do talk with confidence on certain topics where i feel i have an edge (africa, unknown micro-cap juniors, etc.)
i really really want more people to pop-up with their own areas of expertise (and ceo.ca is a great forum to do this). the #mbgtrends experiment has been a huge success in this regard, IMO. i've met a ton of new people here, and learned from a bunch of them as well.
i did create the #newbies room, but i don't feel i have any ownership on that. i just think there's a lot of good content in there, including some of your own observations. the only person who has purposefully tried to manipulate in the #newbies room is nobs, but that's a different story.
but again, neither of these rooms have to exist, and all of this could easily have remained private. you would have never had any reason to start some hubbub about it
@RocketRed@MiningBookGuy nobody is stopping anybody from posting here at CEO its that simple you don't get it at all trying to get newbies to join people will come on there own not some dream of getting more newbies Vulture exchange is broken and many won't even buy a stock on venture anymore reason most get fleeced #NEWBIES
REPOST FOR @miningbookguy:Malihttps://ceo.ca/mali?c389bf9e2c03
#1 #Mali —
First Off - *NOTE - I am posting this in #newbies because @FundamentalAnalysis tagged it. But please keep in mind #Mali is a ‘risky’ jurisdiction no matter how great I make it sound, and think of everything below as a good place to start your own research/ Do Your Own Due Diligence #DYODD ).
With that out of the way, this is my attempt at a comprehensive response to @FundamentalAnalysis. There’s always more to say, and I’m not a ‘true’ expert on this…but this is my take on #Mali:
-I believe #Mali#gold companies don’t trade at any more of a discount than other #WestAfrica gold companies right now. They absolutely did trade at a relative discount at the height of Mali-focused terrorist attacks back in 2011-2012.
-Importantly, even during these attacks, I don’t believe a single mining property was at risk. Yes, there was always a chance the government could have been overthrown, or the country divided in But we never got to that point, and arguably #Mali was always ‘stable’ as a mining jurisdiction.
-I do not know of any nationalization issues in #Mali. The biggest risk I currently see is that the government has been on a tax grab…I have no idea if the #Mali govt or $RRS.L Randgold is more at fault for the tax dispute. Here is a link I posted back in October with that news:
I would be concerned if we see more of that.
Actually, I’m going to split this into 2 posts. Post #2 coming up in ~15 minutes...
REPOST FOR @miningbookguy:Malihttps://ceo.ca/mali?bf78563cae52
#2 #Mali - *Note - I may have made mistakes here. #DYODD@FundamentalAnalysis - so you didn’t ask about specific companies. But it fits my agenda of promoting $DAU right now. And @Excelsior posted a few good ones already. I think it’s worth quickly exploring the landscape. I’m finding a lot of positive momentum in #Mali#gold right now. Some reasons and a company list to follow:
I think comparing #Mali to #BurkinaFaso as #gold focused jurisdictions in #WestAfrica is a great starting point. They are both ‘maturing’ (with #Mali more mature than #BurkinaFaso). They both depend heavily on #gold. They arguably have the 2 best #gold mines anywhere in the world in #development right now (these are #Fekola for $BTO in #Mali, and #Natougou for $SMF in #BurkinaFaso).
I say they are the ‘best’ when you combine how high-margin they are expected to be, with size. But this point is key - #Mali is a land of elephants, and #BurkinaFaso not as much. #Natougou is going to be one of the larger Burkina mines looking at ~200k oz/year production. #Fekola is already quite big at ~350k oz/year expected production…but it already seems like this can increase, AND there are plenty of mines already around this level (or at least closer to this than most of what we find in Burkina).
I think the Senegal Mali Fault Zone ( #SMFZ ) is key. So many huge mines there…including #Fekola which is the newest. I really like #BurkinaFaso as a jurisdiction. But there is no trend in Burkina that rivals the #SMFZ in #Mali. Also keep in mind this is as far away as you can get from any possible #Mali terrorist activities…in #BurkinaFaso, i put mines in the ‘northern’ part of the country at generally higher risk than those in the South (though to be fair I don’t think #Essakane for #IMG has had any problems despite bordering #Niger)
Anyway, LOTS of interesting comparison. But I will keep hitting home that #SMFZ is special, and I’m going to briefly go through a company list taking note of this (*Note - this might not be an exhaustive list. but it’s a great start for looking at #Mali#gold companies #newbies ):
#Producers$BTO - IMO, #Fekola best #development project in the world for this diversified mid-tier. This WILL bring more attention to #Mali as it approaches production. on #SMFZ$RRS.L#Randgold - #Mali is their bread-and-butter, where it all started. If there’s one company to research the history of for #Mali historical success, it’s $RRS.L. Some great mines on #SMFZ#AngloGold Ashanti - a big one, a project with $IMG on #SMFZ$IMG Iamgold - not only a project with #Anglogold. But they just fully acquired $MXI, possibly creating a new disctrict combined with their #Senegal#Boto project on the Senegal side of #SMFZ. this is all near #Fekola, which is interesting
$ACA.L - they have just entered #Mali recently for early-exploration, on #SMFZ! Important to show that large developers like $ACA.L and $IMG still looking early-stage
$EDV - Tabakoto/Segala production close to $RRS.L on #SMFZ#RSG.AX - huge #Syama mine NOT on #SMFZ, showing there’s a lot of potential in other parts of #Mali as well ( $RRS.L also has #Morila which is near the end of its life in a different part of the country)
These are standalone #developers. It’s exciting that 2 of them are gaining a lot of positive momentum
*Note - none of these are on #SMFZ, that i’m aware of
$HUM.L - #Yanfolila project. I questioned this one for a while after some hiccups. LOTS of positive momentum right now, gaining attention.
$AVK - this is ready to be developed or acquired. Not sure what the hold up is. But also positive stuff going on…we’ll see what happens next!
$AGG - smaller project. Not sure what’s going on. but could be built soon
$BGS.AX - the development project is lithium. Has gotten a lot of hype, so it’s worth noting. They have an earlier stage #gold project near #Morila.
i think at least one more? can’t remember right now. but there’s significant activity with these.
#Explorers$MXI - worth noting again since it was just acquired by $IMG, with project on #SMFZ$AGZ - they are earning-into $ALO.L property on #SMFZ. Seems prospective. But I would like them better if it was the other way around.
$ALO.L - definitely some interesting properties on #SMFZ. But their focus is in #Zambia. Not helping that it’s AIM listed.
$LGN - this one looked interesting to me for a while…but seems like a #zombie right now…maybe will come to life again
$GBE - this is a new one, could be interesting. But I think $BGS.AX used to own their properties (this is all around #Morila). I don’t trust the prospectivity yet.
$KOD.L - i consider this a shady little company (i owned the prior ASX one). it does lithium and gold. definitely worth following and it’s made some people a lot of money. but watch out, and listed on AIM
$OKU.AX - i really like what these guys are doing! i think it’s the best potential #Mali#gold#exploration right now. Problem? too expensive for me, just too much of a premium for the the last 1-2 years.
And of course to end… $DAU. i have given many reasons I really like it, especially at current valuation. But very key to all of this is 2 properties really well situated on/near #SMFZ. I don’t think any of these other explorers are looking to get 3 JVs soon and are so well situated ( $OKU.AX the closest, but drilling on their own).
Anyway, there’s LOTS of activity going on n #Mali! I could have easily missed some companies, but this is a good way to start. Happy Hunting! #DYODD
@StarFire@mountains_of_glory Look, I'm not even close to being called a true TA guy but look at the weekly and the daily chart...I see no reason why that stock isn't going to keep going kerplunk in the weeks ahead, combined with a gold dump and she's sunk... you could have called the bottom 100% right, but then you're just gambling and not being a technician. I believe it was @goldfinger the great who once said something like: "a true technician waits for a breakout to be confirmed before taking a position." And this isn't last year where everyone was a genius, so without the technical you're banking on you being lucky vs you being good...we all do it but if you're wrong it can be costly... $CGG#newbies take note, calling bottoms can be very profitable but very costly too
@EvenPrimeCareful #newbies when you see #loadup especially by an anonymous. I like $CXO but I am quite vary of Anon's motives. You know he is saying this to benefit himself first - dude obviously owns a f*ck ton and is trying to offload. #careful
@FundamentalAnalysisI want to do a shoutout to @Jayfire once again #newbies. As great as it is receiving insights from guru's, fund managers and the likes, I get way more out of hearing @Jayfire commentary/ experiences as you are hearing from a like minded person who has the same goals as you probably do. In reality most of us retail investors do not receive the benefit of being paid to "wait"....the gurus in the industry even if gold prices went to $1000 over the next 3years would still receive their management fees, conduct interviews and generally get paid to have an opinion...however none of that tots up when it comes to what to do with your money. You don't get paid for losing money. @jayfire's
blog http://www.fifighter.com/ is a far better learning platform and I would recommend any newbie to read that first before listening to the likes of rick rule, marin katusa etc....you. These gurus have wayyy more money, financial and thus staying power then most of us here have....don't go all in gold/silver as great as the narrative is....consider other things...and maybe even consider the odd cheap stocks outside of mining sector like I do as there are the odd few lurking around.