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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.
@MiningBookGuy@drezinho - looks like $ANL.AX came down a bit from the highs overnight. I guess I don't regret selling at a higher level, since it's come down a lot the last few months anyway.
BUT, these results seem really interesting for sure. I can't remember the last time I saw such a wide intersection of high-grade gold from a junior (IAMGOLD had a great one, but they're not a junior).
There are share structure issues. But I'm interested to see the next results for $ANL.AX. ~AUfrica
@MiningBookGuy@Amicus RE: https://ceo.ca/@miningbookguy?0c8dbe7c588b~AUfrica - thanks for following! i'll send you an invite to post directly in ~AUfrica panel if you ever want to in the future. Feel free to post thoughts or ask any questions related to 'gold in Africa', or just 'Africa' in general :)
I've been lazy/inconsistent with posting at CEO.CA in general lately...planning to address that in a new clip I'm working on...be on the lookout for that! ;)
@ExcelsiorJust a quick heads up that I posted an update on Australian Uranium miners and many of them have projects operating in #Africa. It was too long to post here in ~AUfrica since most of this panel is more Gold focused, but if anyone is interested they can click on the #Africa room. Ever Upward!
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@MiningBookGuy@Excelsior - great share! There are some names I need to look closer at, like $BOE.AX ...i wish that one was cheaper, because $TGZ is earning-into their #BurkinaFaso#gold properties (including #GoldenHill). I remember looking a while ago and thinking too much money was tied up into the #uranium project you mentioned. It's worth another look. $DYL.AX (with #Namibia ) another one I just can't quite pull the trigger on, but still pretty interested in.
Anyway, always appreciate your posts in ~AUfrica, and it would have been fine if you posted directly to the panel...but the way you did it works well too! #Africa a good tag as well :)
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@Amicus@MiningBookGuy wondering why you're not "Pulling the trigger" on $DYL.AX. As a holder myself, I'd really like your opinion on this. Is the Market cap too low for you? Not enough cash? Is it Uranium's spot price?, etc.. ?..
@MiningBookGuy@Amicus - sorry for the delay getting back to you...haven't had much time to respond, but trying to catch up on things this week!
On $DYL.AX - I admit to not doing 'thorough' DD yet. But a main reason for that is that the market cap is actually 'too high' relative to what I see they currently have, and comparing to other companies I own.
They're just too 'early-stage' to have a 30M+ AUD market cap IMO. Now of course, people are betting on an A+ team here, and one could easily say there are parallels to early-days for $PDN.AX. But I'm still not 'excited' about #uranium compared to some other commodities. The spot price isn't the issue...it's just that I would need to feel strongly about 2017 being 'the year' that #uranium makes a huge move. I might be wrong. But I'm not convinced on this. For an early-stage company with a market cap this high, it just adds to the reasons I would wait to buy.
But on top of all this, there are some #sharestructure issues that I'm aware of, but haven't looked into deeply yet. @teevee brought some up here: https://ceo.ca/dyl.ax?055178d945f4
This can be perfectly fine for people who were able to participate in placements...but that's not me.
Anyway, I DO like the story, and I do like it that they're looking to acquire new properties, and recently announced an earn-in with #JOGMEC. And #Namibia is intriguing, being close to where management had previous, huge success. And keep in mind I'm not buying any new #uranium plays right now. But specifically to $DYL.AX, it just doesn't check enough boxes for me to buy right now, but I will follow closely. ~AUfrica
@MiningBookGuyRE-POSTING for proper tagging + comments:
Randgold Resources: Kibali heads for full production @marketwired/randgold-resources-kibali-heads-for-full-production$RRS.L#Randgold#Kibali#DRC#Congo~AUfrica
Very impressive mine...but also a very important #DRC#Congo#MiningCode concern. I will copy the full quote at the end of the NR, this is worth monitoring for ~AUfrica followers:
[It was a source of concern, however, that the DRC government had once again signalled its intention of reviewing the country's 2002 #miningcode with the clear intention of maximising state revenue, Bristow said. This could have a very negative impact not only on the mining industry but also on the economy.
"Now more than ever the #DRC should be focused on retaining its existing investors and attracting new ones. It's certainly not the time to harvest more from less for short term gain. It's my sincere hope that this time round the government will engage the mining sector fully in the proposed review to achieve an outcome that will be in the best interests of the Congolese economy as well as the country's mining sector," he said.
"The existing code is in fact a good one but it is not always being applied effectively and there are still many mining operations that do not operate under the code. There are also a number of issues and challenges which mining companies are having to face which make operating in the DRC more challenging. In #Kibali's case, these issues include more than $200 million in unpaid TVA and duty refunds."]
@Excelsior@MiningBookGuy - That list is very surprising with Egypt at #3 SouthAfrica (disaster) at #4 and Tanzania (tax issues) at #8 all ahead of Burkina (one of the more prolific mining regions the last few years) down in #10. Mali and Ghana and Sierra Leone aren't even on there? That list looks a bit wack to me.
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@GoldfingerAgree @Excelsior South Africa at #3 given what's going on there is very weird indeed, Ghana and Burkina I think would be higher.
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@Excelsior@Goldfinger - How anyone could rate SouthAfrica that high with all the labor union BS. repatriation of mines, and conflict is beyond me. I'm surprised they didn't have #4 as the DRC. (lol) Eritrea in #5... Only kidding...
I do appreciate the post though @MiningBookGuy and it really makes me want to take a look at #Botswana. Much appreciated.
@MiningBookGuyThanks for the comments @Goldfinger@Excelsior! This wasn't a 'mining focused' index. But I do agree with your general comments, not just for this index, but for others I've seen as well.
Of course, I have my own biases with these, and I'm especially interested because I keep seeing #Botswana pop-up near the top on pretty much every ranking! It's still generally underappreciated. Oh gotta run! more on this later...
@MiningBookGuy@MiningCatalyst RE: #Guinea permits - i haven't looked into that. But it's a good point that jurisdictions within #WestAfrica vary greatly in 'costs of doing business'. I don't have hard numbers. But unfortunately, I believe that holding costs are quite high in #Liberia, which is a reason we don't hear much about exploration in that country anymore (which is too bad because it's very prospective!). More companies going into #Guinea, which is a good sign. I don't know how much elections can affect these costs. but #Liberia has an election later this year. Just thinking of those 2 in tandem, since they are both trying to emerge, along with #IvoryCoast (which has it's own issues, but a much wider variety of 'bigger' companies right now, and that's a big positive) ~AUfrica
@MiningBookGuy@Brendan RE: https://ceo.ca/mbgtrends?9fdc56ad699f - great $RSG.AX summary! I really haven't analyzed the numbers closely on the various mid-tiers (though I know $TGZ better than the others). But I agree with the relative comparisons, and would also kind of put $SMF in the same boat as $RSG.AX in terms of being chosen as a 'premier producer', as you say. I think #Mana for $SMF in #BurkinaFaso and #Syama for $RSG.AX in #Mali are chosen as elite assets, while #Sabodala for $TGZ in #Senegal and #Edikan for $PRU$PRU.AX in #Ghana are the next tier (though isn't it funny how all these 'core' assets are comparable, and each in a different country in #WestAfrica?)
Anyway, I would easily bet on $TGZ out of all of these for many of the reasons already discussed. But it's very interesting to compare, and $RSG.AX at least seems aggressive with exploration. I consider $TGZ and $RSG.AX to be the most 'dynamic' of these 4 choices, though $SMF could definitely surprise (they are the most tight-lipped about their plans in general).
And as another comparison to your $RSG.AX holding - I sold some $EDV on the way up, and wouldn't buy now. But I will keep holding the rest of my shares, as I think it will continue to receive a premium. ~AUfrica#mbgtrends
@JamesKwantesWhen I was going through Johannesburg to get to Botswana, the headlines were "No-confidence vote considered" on Zuma. Swedish journalist based in Africa said he will be the subject of 100s of investigations the moment he steps down as president. #Botswana seemed an ocean of stability by comparison!
@FundamentalAnalysis@MiningBookGuy Spoke to $AGG team end of last year I believe...unfortunately the common theme based on conversation was not sure about the gold price, which was impacting financing yadayada....Like $KEFI.L (who used same excuse ironically) they cannot close any construction financing because their projects are too small to spend any real time over and too risky given lowish gold prices. Either that or there is a fatal flaw. With $KEFI.L very high variability of grade was one area I spotted in the technical reports despite economics appearing favourable for both projects at current and lower gold prices. If companies like $AVK are slow in moving forwards how does $AGG or $KEFI.L have a chance.....just my 2 cents.
@MiningBookGuy@Excelsior - I think $ASO$ASO.L has a good chance at a turnaround, both for operations and exploration potential. #Liberia has potential, but near the bottom of my list compared to other jurisdictions in #WestAfrica. Important presidential election in Oct. 2017. This makes for more short-term uncertainty, but could get a lot better longer-term. #Liberia and $ASO$ASO.L specifically still very prospective. but just watching for now. ~AUfrica#mbgtrends