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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.
@FundamentalAnalysis@MiningBookGuy@nicholaslepan I just like the fact $SWA already has ounces. Anything which has ounces is automatically at least an optionality play when gold prices rise. Even if exploration amounts to nothing $SWA should rise with gold prices but in a discontinuous way I would add not like a standard producer. The exploration is a bonus
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@MiningBookGuy@FundamentalAnalysis - this is a very good point. $SWA has had 1m+ ounces to back it up since I first started buying in 2014. Even better, I think a 'small-scale' (~50-60k oz/year production) oxide heap-leach could be economic at $1200-$1250 USD/oz gold, IF they went this route as a 'back-up' plan. In a way, $SWA is a different type of 'optionality' play...there are many 'options' to move towards development. And each development option would be economic at current (or slightly higher) gold prices. It makes a for a unique, compelling story.
Btw, you are absolutely correct they do NOT need further exploration to make this work...just a 'bonus'.
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@JayfireIt's interesting to note how certain stocks/companies respond during the "run up" phase... You'll always have the leaders of the pack that react first -- last time around it was the most liquid large cap producers that initially led the charge, and then the developers and juniors followed after... But even within each subsector, you'll have your leaders and laggards... If the fundamentals support it (and you can get your timing right), it's possible to "sell high" and redeploy profits/gains into a similar holding that hasn't re-rated yet (but you have a strong hunch will, eventually)... Not easy, but @MiningBookGuy was doing it pretty well with $SWA and $AQI.AX (to name a few) last time around... By selling high, you get to de-risk (reduce/eliminate initial cost basis) from one position and redeploy capital to speculate again on another prospective story... And if you replicate the same type of success there, this starts to become some seriously addicting sheet... ;)
@kakoo88@MiningBookGuy Thank you so much for your videos about $SWA, amazing material you are sharing with the public on your youtube channel!! I started a position in $SWA yesterday.. Officially my first and only Gold play #newbies.. I really think some sort of correction has started in the Gold sector (I have been watching for a while now without making any move) and I personally see huge potential in $SWA.. @Jayfire Wherever I read you, your comments are solid and your blog is amazing!! Keep up the good work!! @TheNextBigRush I have been following your investment journey on Youtube as well!! Thank you for sharing! you guys are a great team!
@MiningBookGuywow, thanks for the kind comments @kakoo88! and that's kind of nuts that $SWA is your "first and only gold play"...i mean, 12 months ago, NO way that would have ever happened! i was trying so hard to get people interested. anyway, that's meaningful, and i should add that hopefully you'll pick up a few other gold stocks or resource stocks in general, just in case $SWA doesn't work out (but i stand by my comments that it was the best risk/reward in the section when trading at ~0.16 CAD, and still right up there at these prices)
heads-up: i'll send you a private message, should show up on the right side of your screen (or your email inbox), in case you have trouble accessing.
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@Vaughan@Jayfire, my personal favorite is not just the traditional laggards we all know nd love, but the unknowns a-la-@Miningbookguy that have just never been talked about before. Not unlike $swa pre @MiningBookGuy
@Jayfire@kakoo88 Thanks for the kind words! You've got some of the best and most informative posts on $CRE that I've seen. Anyone who is interested in that story should definitely follow your posts. Great run so far since the recent lows $SWA$CRE
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@MiningBookGuyInteresting news on $PRU$PRU.AX to repost to ~AUfrica:
Chairman of Perseus Mining Limited to retire @marketwired/chairman-of-perseus-mining-limited-to-retire
This is easy to overlook. While I've been disappointed in $PRU relative to other emerging mid-tiers, they still have some very interesting growth prospects, with focus in #WestAfrica. Notice that Sean Harvey, incoming CEO, is also Chairman of $SWA. A project similar to what $SWA has in the #HoundeBelt / #SouthHoundeBelt would be a perfect size for a company like $PRU right now: Sissingue is on the 'smallish' side, and Yaoure not only needs to be advanced further, but is huge CAPEX relative to $PRU's current overall size (but in #IvoryCoast).
$SWA's cluster of projects is similar to what $GRY.AX had at Banfora in current size (both in #BurkinaFaso). And keep in mind $GRY.AX was acquired to instantly turn $TGZ into an emerging mid-tier. $ACA.L is still by far the most likely acquirer of $SWA at some point...but I hadn't really thought of $PRU in the running until now. That is significant.
There's more to say. But this is a PERFECT example of the type of news that's easy to overlook, but could change momentum for a company (maybe Sean Harvey will have much more influence as Chairman instead of just being on the Board, and he's a significant shareholder in $SWA). Also interesting to note that Sean has been Chairman of $VIT and many other companies for a while.
@MiningBookGuyHonestly, this is the most excited I've been about a #WestAfrica micro-junior since $SWA and $THX ...it matches up especially well with $THX, being very illiquid and under-the-radar, and even having an 'exotic' play (with $THX being in #Nigeria, and $DAU in #Rwanda).
I've gone from a 0.04-0.045 CAD cost-average to 0.15 CAD riding $THX ... i strongly believe $DAU can have a similar ride for retail in the coming 12-24 months (but of course, they've got lots of milestones to hit)
@MiningBookGuy@R2R - ok, i dug up some images that might interest you and others related to #Mali.
Let’s consider this #Mali post #3 to follow-up the previous 2: *Note - there could be errors here, and I’m especially biased towards $DAU$SWA & $BTO as a shareholder in each of them. #DYODD.
I consider there to be 2 areas of the 'Senegal-Mali Fault Zone’ ( #SMFZ …btw, this is also known as 'Senegal-Mali Shear Zone’, #SMSZ . interchangeable when you see these listed in various images).
*1. The whole area surrounding $BTO#Fekola - This should be especially interesting for @R2R, with his specific interests in $BTO and $IMG. I had the following image hiding in my computer docs (it’s a great one!):
At the bottom, you can see #Fekola project for $BTO. But also notice the big area called #Siribaya. This was the main project for $MXI, and was just fully bought out by $IMG. Importantly, there is also a property that goes through #Guinea, as well as the $IMG#Boto Project in #Senegal. This is the ‘hot area’ of consolidation in #Mali right now!
And I’m actually surprised $BTO was highlighting #KandioleSud in this image. Believe it or not, this is one of $SWA’s properties (I did mention it in a previous video, but no one ever talks about it). This property HAS to be worth something, but is not being worked on because $SWA is rightly focused on #BurkinaFaso. And one other thing to mention: $OKU.AX has some juicy properties directly north of #KandioleSud AND directly East of #Fekola. So again, a very hot/exciting area to follow, that will only heat up further as #Fekola approaches production!
*2. The other general area I’m following is the big gap in the middle part of #SMFZ#SMSZ.
See the gap between Sadiola and Loulo from the most recent $BTO powerpoint:
My take is that this is the best area for finding a new multi-million ounce deposit in #Mali! I’m not the only one thinking this way…check out this useful image from a recent $ACA.L powerpoint:
http://cdn.ceo.ca/1cb8etj-2016_11_Acacia_Mali.png+$ACA.L stealthily acquired these properties along with their #BurkinaFaso properties over the past few years. These are VERY early stage, and they are just now drilling them for the first time. For whatever reason, it seems that this part of #SMFZ#SMSZ has been neglected compared to other parts.
This is a GOOD thing when thinking about #grassroots#greenfields#gold#exploration! Even better that there is activity from other companies here. A few worth noting:
$DAU is the most exciting for me! Their best property, #Farabantourou, is right on #SMFZ#SMSZ (find this and other properties in their powerpoint here: http://www.desertgold.ca/images/pdf/presentation/2017/DAU_PPT_08Feb2017V2.pdf )
. I’m not sure how far it is from these $ACA.L properties, but it has to be in the general vicinity
-adjacent to $DAU Farabantourou are 2 $ALO.L properties. $AGZ is earning-into 1 of them, and I believe $RRS.L#Randgold is earning-into the other one.
This area is so new that it’s hard to find good maps showing all these properties…and that’s a good thing! As a $DAU shareholder, I’m especially interested in this area, and hope $DAU pulls off a great JV in the coming months. But even if you don’t own any of these companies, it’s worth following as perhaps the most exciting ‘new’ part of #SMFZ#SMSZ.
Anyway, it’s clear there’s LOTS going on in #Mali, with #gold companies of all sizes attempting to #consolidate and make the next big #discovery! #mbgtrends#Mali#DYODD
@GoldfingerSarama $SWA is an interesting exploration play in Burkina Faso. Its South Hounde Project has 2.1 million ounces Au inferred with JV partner Acacia Mining (African Barrick) funding 100% of exploration spend (Acacia has spent C$7 million as of Christmas) in order to earn into 70% of the project. http://cdn.ceo.ca/1cb91on-Sarama_South_Hounde_slide.png+
@GoldfingerI was impressed with $SWA CEO Andrew Dinning who has extensive experience in Africa, including Congo. Insiders own ~20% of shares and SWA has consistently been able to fund itself through existing shareholders which include Sun Valley Gold, Orezone Gold, and Kinross Gold.
The Hounde Belt in Burkina Faso is an emerging $gold belt in a country which has seen a huge influx of gold exploration in the last decade (since the mining code was revamped in 2003).
@MiningBookGuyA Note on $DAU I haven’t shared publicly yet:
Ben Kramer-Miller brought me this idea (I shared this in the ‘Pro Room’, but just confirmed with Ben that it’s fine to share publicly). You may know Ben as @TheWealthMiner at CEO.CA. He runs the MiningWealth newsletter: http://miningwealth.com/
Ben got a consulting gig with FronTier Merchant Capital Group. Below, you can see that $DAU is a FronTier Client.
Ben likes the story, and knew that we both like Africa juniors from our mutual, independent interest in $SWA.
So he reached out to me! I will mention that coincidentally I was going to get around to talking to $DAU management…but the lightbulb went off to get on this when Ben reached out. I immediately did a call with him and Jared Scharf, and bought my first shares soon after. Keep in mind Ben is getting paid since he works with FronTier. I am NOT getting paid for any of this as I previously disclosed—just (hopefully) making money from the shares I bought on the market.
Anyway, Ben’s involvement provided immediate credibility to $DAU for me, and glad I could share it. I believe FronTier is looking to do a marketing push in March, and that’s another reason I’m glad to have gotten in the story now!
@MiningBookGuyWhat if the stock goes down? Double down or sell? https://www.youtube.com/watch?v=Ujc0Bk7CBaY+#TheNextBigRush
This is really interesting, because things were BAD in the junior space around October-December 2016 (this talk was from early December), and things were even worse in late 2015 (but no one was talking back then).
Now we're POSSIBLY in the beginning of a lull. I really like @Jayfire's advice in the first few minutes. @TheNextBigRush & I pretty much agree.
BTW, I mention #HotPick, and I definitely think this is an interesting OPPOSITE approach to what we're talking about! :P
Good discussion points here! #TheNextBigRush#mbgtrends
PS - this strategy TOTALLY worked for both @Jayfire & me buying $SWA late last year :)
@JayfireToo bad we weren't recording podcasts back in late 2015... those were our best conversations and in hindsight the "opportunity of a lifetime" in gold stocks... @MiningBookGuy this is when you introduced $SWA to me at $0.06 and I said, "Hmm, interesting... but I'll pass" lol
@MiningBookGuy@Jayfire RE: https://ceo.ca/mbgtrends?434d37b94588 - lol, i'm sure i sounded 'extra' crazy at that time! :P
I swear i was like the only person subscribed to the $SWA channel for months! Of course it wasn't the only stock to have a great move soon after. But I feel like $SWA is currently transforming in popularity more than most.
Not sure how many people follow the "most watched companies" list. But amazingly, $SWA is right behind $SSP! NO WAY I ever thought that was going to happen, and $SWA definitely was NOT on this top list until early this year.
Here's a screenshot from my CEO.CA homepage: http://cdn.ceo.ca/1cbhhmq-Screen%20Shot%202017-03-02%20at%207.36.23%20PM.png+
Sometimes it's not a good thing to get 'too popular too fast'. But $SWA still 'mostly' under-the-radar (compared to many other stocks that get 'talked' about more, and with 'big money' type people). Anyway, thanks to all the $SWA room subscribers who moved it onto the list! :)
@MiningBookGuynice move on $SWA today, worth noting. drilling results today on Karankasso (with $SCA ) was just an appetizer...multi-course dinner and we haven't gotten to the main course for 2017 yet!
@marketwiredSarama Resources Announces Extension of Warrant Incentive Program @marketwired/sarama-resources-announces-extension-of-warrant-incentive$SWA
"As of March 8, the Company has received exercise documents or indications of an intention to exercise Original Warrants which are expected to result in the Company receiving gross proceeds of approximately C$1.5 million." Deadline extended to March 17th to complete paperwork.
@GoldfingerWe're all tired of your pumping $SWA for a quick flip @MiningBookGuy!!..... hahahaha, totally kidding. You're an example of a real long term investor who does their own due diligence. A great example for all investors to follow.
@MiningBookGuy@Goldfinger - well thanks! though i shouldn't be 'trusted' either, i don't get an 'icky feeling' from my 'promotions' (so far), because no one pays me a cent (or 'free shares', or anything like that)! I wouldn't make a video/article unless I had a large stake that I bought on the market...otherwise it's not worth it to me. My $SWA research has easily gone into the thousands of hours, it's my largest position (right now), and is the best example of this.
@MiningBookGuy@Ruffus23 - hey ruffus, is this the same one from SH? if so, welcome to CEO.CA! yeah, a lot of rooms/channels here are way better than other places. Just really easy to navigate and keep track of things. good to see more people interesting in $SWA over here :)
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@MiningBookGuy@internalaudit - My $SWA position is reallllly overweight. I added a bunch late last year, and adding to other plays instead right now.
With that said, I like it trading around 0.20 CAD, because we know the company is backstopped by all the gold already found, AND the recent raise capital raise that's going to be complete any day, anchoring to 0.20 CAD (see recent 'accelerated warrant' NRs if you scroll up in $SWA room).
I'm not sure if you saw my recent video yet, but might as well repost for others since I haven't in a while: https://www.youtube.com/watch?v=RaANyHF1Yd8+
I don't exactly give a 'price target'...but I would say I'm banking on 1.00+ CAD within 2 years, and that's a realistic possibility EVEN if gold price is flat. Of course this is very high risk, a lot of things could go wrong, and I'm very biased. But it's pretty much my top risk/reward play even at these levels (it was around ~0.16 CAD when I made the video), for all the reasons given in the video.
@MiningBookGuy@internalaudit@Ruffus23 - i've got some 'positive spin' on the breakdown of the $EDV$ACA.L deal for $SWA ...it's something I've been thinking about all week, and hopefully I'll have time to go on a rant later this weekend. I think it will be interesting to anyone following #WestAfrica gold plays, even if they don't have direct interest in $SWA (but $SWA happens to be at the center of activity).
As a teaser, I will try to justify why $SWA could actually fit better with a wider range of companies because of this event...and i'll also try to cover related companies in detail. will all be in the ~AUfrica panel, hopefully by the end of the weekend!
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@DXMI added Sarama a week ago near 165c USD... surprised its fallen to 14c Nick...
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@DXMGood to see at least $EDV rejection of $ACA.L but could they go hostile ???
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@Ruffus23Edv at near highs. They will buy out some depressed companies.
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@fbx258Had those damn shares when they were on the ASX at 40c or 4$ after 10 for 1, and then they delisted.... now 24dollars FFS>>>>>