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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.
@EvenPrime@TheGalvanizer - In regards to our conversation the other day about you and I competing against eachother in the #StockPickingContest; - CRAZY - I am in 13th place, and you are in 14th. I am beating you by 1/2 percent lol. We both picked $VTT so it'll come down to the other companies to see who battles for the win. We both have excellent portfolios but mine is better ;p
@Mimibegalo#stockpickingcontest@EvenPrime Thank you for the Update! Happy to see my pickings on the top 10...Althought it is in majority Thanks to $PYR I still beleive that my 2 other picks didn't reach their target. watch for high multiples on $mms and $pli soon. I have Added to my pickings $ION after meating @Allan at the PDAC ... and I beleive it'll surprise everyone.
@sihv@EvenPrime thanks for all the effort you are putting into this. Really enjoying it despite being down in the 60s to 70s range, but confident my time will come! @Mimibegalo My $BCN has done well but will even do much better come the DFS in Q2/Q3. $PE is still lagging but PEA is (still....) immenent. Could be the company maker... $NTY is my "dark horse". Could explode but could also be a complete dud. Time will tell.. #stockpickingcontest
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@hunterThat drop in $SSL$SAND did not help my trio of safest picks, but I do think it was a good acquisition of $MARL, and I will recover in my rankings by end of year.
@TheGalvanizerI will take full responsibility for distracting @EvenPrime from his #stockpickingcontest responsibilities. He tried repeatedly to do it but i would tell him they are a patient bunch and to have another beer
@EvenPrimeLadies and Gentlemen I announced the new official website for the #Stockpickingcontest - the mobile version is slightly different than the desktop version as it cuts off columns in the tables due to width constraints. I need feedback so I can fix the bugs before I update the stock contests tonight. Just link my name in your message for ease. www.EPstatistics.com note: i will change the main page when i can come up with something to change it to hehe
@EvenPrimeTry again, my bad, I forgot to switch from html to php extension
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@EvenPrimeI remember him saying stuff last year about rolling out a new idea. I'd love to get my hands on it for a bit :) I do advertise his site on my #stockpickingcontest, maybe I can convince him hehe. I need something to spur the old brain up
@EvenPrimeI'd like to introduce an idea!
We are almost half way through the year, and the Sell in May
and Go Away thoughts may be present in the mind. If you are in the Stock Picking Contests,
Id like you to write about how your picks have performed. Why you made the decisions you did,
and what worked/didnt work out.
*Make sure you use the $ to identify the ticker
I think we could all learn from reading about everyone else's experience.
I'll go first:
Sitting 8th Place in #StockPickingContest (out of 146 people) woot woot
$TK up 180% (Will > 200% next week I wager)
$NRN up 18% (The guys in the channel will kill me for saying this, but ... blah! Im bored )
$VTT up 45% (The ship left port last week, can still see it from shore though, but not for long)
Sitting 5th Place in the #SafestStockPickingContest (out of 28 people)
$NXE up 37% (Sold all my shares last week to make room for an IPO and bought more $TK - I'll be back asap)
$SBB up 87% (I have a lot in this but I think I will sell half soon. I stress because its a binary play, although I do believe it will succeed)
$IDM up 3.5% (A lot of warrant expiring over last week if I recall. Should grow legs soon but I watch from the bench)
Sitting in 40th Place in the #BonusPickShowDown (out of 58 people) *Homer face palm - dough
$WHN down 10% (Damn it - absolutely nothing going on!)
* I chose $NRN in the one contest for the same reasons I chose $IDM in the other.
I did believe at the time they were under-valued and would provide a solid
20-30% over the year end. $IDM sure has their work cut out for them share structually speaking
but I reckon we'll see some action in the next few weeks.
Ironically, I own every stock except $NRN and $IDM,
as I sold them last December and August respectively.
With $WHN in the #BonusPickShowDown, I admit it really was a chance play. Although I wouldnt consider
them under-valued at the time, I did believe that with another drill season, they'd get that share price
active again. I am wrong so far, and the channel is all but dead. I just thought Gren might have had something
up his sleeve and I wanted to bet on it.
@sihv@EvenPrime Nice idea. So here I go.
Sitting in 84 place :(. My investments are 100% Lithium as I fully believe that Lithium will rise in the coming years (my real life investments are also mainly Lithium). My picks:
$BCN +50%. Was really low at the start of the year and 2017 should be "the" year for $BCN. However, the recent offtake agreement has not been taken all that well by the market. Financing of the mine and plant will be key. $BCN is a great investment. But not clear if it will have its big run in 2017. Could be 2018 and even as late as 2019. But it will come.
$PE -2%. Nevada Lithium story. They were, however, one of the first in there and are pursuing new Lithium brine technologies, which are very much needed to keep brine on par with hard rock. Also one of the few with actual water rights, a significant factor in Nevada. Their land area in Nevada was pretty large but did not seem large enough to give a real economically viable project. Their purchase of the Cypress areas did help a bit but not enough. But the recent deal with $LIX sounds like that could be the company maker. If they manage to come out with a decent PEA this year (PEA is already late by about a year now) we could see a great rise on this one.
$NTY -27%. This is my "dark horse" one could also call it a "long shot". They found some good grades of Lithium last year but most likely the amount of Lithium on their lands is not enough to make it an economically viable project. But they are drilling in fall of this year and if the find good widths a JV with their neighbors could result in a very interesting project. Very high grade Lithium dykes, on the surface, and with tantalum. Neighbor lands have (historically) proven resources of 3.8Mt@1.24%, 4.1Mt@1.46%, 2.4Mt"1.54%, and 2.6Mt@1.4%. $NTY has found 6 dykes so far on their lands with very good grades (upto 4%, in channel sampling). If drilling finds some nice widths this could fly!
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@CautiousNowI'm currently 129th in the regular contest and third in the bonus pick and safest stock pick contests.
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@CautiousNow129 in regular contest and 3rd in both bonus pick and safest contests. In the regular contest, I'm heavily into $NRN and still believe in the team and the possibility of success in the area. $GMV is still interesting, so I'm hoping for a turnaround and would consider adding if I had cash looking for a home. $ME has been a huge disappointment, mostly because of the total disregard for shareholder communications. Who knows how the big program is coming along? For the bonus pick, I went with $ADZ, and was surprisingly the only person to do so. I assume most know the story on that one. Added a lot this year, most recently at 16.5, and might add further at that level if it dropped again in the face of warrant exercises. I like that the program will target some of the lower risk targets first, as this mitigates the swing for the fences sell off risk and allows for an orderly scale back of my position. In the safest contest, I went with $IVN, $REG and $TRIL (note symbol change on TSX, where the U.S. amounts are being shown. $IVN has wonderful discoveries in less than ideal jurisdictions and the Friedland factor. Still upside, but, on a relative value basis, I hope to be out by fall. $REG is my biggest position by value. I'd been commenting on that one since I joined last June and added most recently at about $1.70. Still lots of legs on that one for the value players, but can be thinly traded. $TRIL is my sleeper and is a biotech in the cancer area with a small float and a strong cash position. Very thinly traded, so subject to swings. Fingers crossed.
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@Vaughan@EvenPrime, re the #StockpickingContest. I ain't sitting so pretty right now (59th), but my convictions remain. I think they all have a lot more upside for 2017. Im an amateur, and my price targets are pretty worthless (garbage in garbage out). But here it goes
$VTT because I think management will deliver on the gameplay, being to get bought out, and I still feel there is a chance this will happen in 2017 (300%+ from here). $PNN because they have great potential with their Albanian property. They are still a conviction buy for me, especially at these levels, as I feel the board of directors is stocked in our favour (Wadsworth, Hydrie, and now Sergeant IV) (500% plus from here). $RYR has a ton of potential.Properties in Columbia still being explored and the new properties in Nicaragua were a great addition as well. $RYR is here for the long run and at about a $2 million dollar valuation, how can you go wrong.
@MimibegaloThank You @EvenPrime! happy to see my portfolio on the 8th position and hopefully will be in the top 3 soon when $mms and $pli brings fruits I am up thanks to $pyr. And very excited to see how my bonus pick $ion will do
@Excelsior@MadeOfRubber and @Onlyflaws - It will be curious to see how things go on their new toll milling set up with Lode Star, and if they make the decision to process their old tailings. Those are 2 more near term value drivers, but really it comes down to how their exploration goes on some of their 2017 drill targets, which may allow them to start some new shallow open pits to feed their mill. I could understand the desire to jump ship, but likewise the desire to add to positions here for more of a turnaround play and re-rating of this stock.
Personally, I had entered $SGN into the #StockPickingContest because I believed then (and still believe now) they have some very prospective targets for the 2017 #exploration program and this would allow them to surprise the markets by extending their mine life.
So even though they are a smaller unloved #Gold#producer, and now they are also a #tollmilling operation; I still see their upside as based on new discoveries. It will be interesting to watch their 2nd half of the year to see what develops, so for now... I'm going to weather the storm of low share-prices and see how things play out.
* Here was their 2017 Outlook based on their April release recapping the 2016 year end results:
"Based on the Company's current mine plan, it currently anticipates mining of gold at Mineral Ridge through to August 2017. Due to permitting timelines, the Company anticipates production of gold at Mineral Ridge to be 20 - 25,000 ounces from the Mary LC, Brodie and Bluelite south pits. The Custer pit and other areas for which permitting is outstanding, are not included in this production estimate and will be evaluated for economics of associated mining timelines when permits are received. Given the Company's short remaining life of mine, it is taking initiatives to extend the life of mine at Mineral Ridge through additional drilling to expand its resources, applying for permits to expand and extend current operations of new and existing pits, expanding the heap leach pad, and conducting a drilling program on its leach pad to determine if the leach pad material is amenable for further gold recovery using milling processes."
@EvenPrimeDidnt get a chance to update the #StockPickingContest yet. I'm going out on a date with the gf, didnt see her all week. She comes first ;p Ill get it done tonight - cheers guy and have an awesome weekend
@MiningBookGuy@evenprime - lol, $AU is the only thing keeping the current #stockpickingcontest leaders at the top. Any missteps from them and it's a whole new ball game! Though I do hope the motherlode is hiding beneath those 'gold boulders' 😛