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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.
@Excelsior* 1 Year chart for Eurasian Minerals. $EMXX$EMX
The ADX and Slow Stochastics look a bit overdone so I've trimmed a bit this week. I would add that if this develops into a bull pennant pattern, then I'll buy it right back, as it would likely have one more leg higher.....if that plays out. For now, waiting to see the depth and intensity of the dip, or if trades in a narrowing range forming the apex of a pennant. Best to keep a close eye on this one.
* Friday update - This is starting to look more and more like a bull pennant pattern forming, so if it continues to narrow towards and apex, I may jump back in for another ride higher.
** Following Tuesday update - glad I followed my original instincts and trimmed last week. The potential for a pennant pattern dissolved when $EMXX$EMX gapped down. Looking for a good entry point to add some shares back.... Maybe the 200 Week MA?
Eurasian Minerals Sells the Akarca Gold-Silver Property in Turkey for Cash, Gold Bullion Payments and a Royalty Interest
Vancouver, British Columbia, August 8, 2016
It would seem the marketplace didn't like this sale of the Turkish asset for Cash, Gold Bullion, and a Royalty. Is it possible $EMXX$EMX Eurasian Minerals let it go for too little, and didn't get fair value for it?
I was actually impressed when I saw the news release, and that they were minimizing exposure to Turkey, but if someone has any thoughts as to the value of the asset versus what they received in payment, it would be appreciated.
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@LucTenHave#ProspectGenerator$AU - Aurion Resources will receive 100.000 shares of B2Gold $BTO with a current valuation of $460.000 this month. I also expect an exploration update and the official announcement of a drilling campaign, both this month as well.
@Excelsior@Fischlaender Yes $EPL Eagle Plains has been doing well lately and $CGP has also been doing well, now that Ecuador is finally becoming mining friendly. The $LUN Lundin Mining "Fruta del Norte Project" has been a game changer for Ecuador. I also like $ODN Odin Mining operating in the country and currently going through a merger. $KSK is one we've discussed in the ~ProspectGenerator panel
@Excelsior#ProspectGenerator$GZZ currently owns 100% of Lac Barry Prospect which they have a nice option agreement on with $BTR
-GZZ granted an option to BonTerraResources Inc. (TSXV:BTR) to acquire an 85% interest in the Lac Berry Prospect
-To earn 85%, BonTerra must complete the following:
-Issue to GZZ a value of $200,000 of BTR common shares (issued)
-Incur expenditures of $2 million over 3 year period
-Upon exercise, GZZ will retain a 15% free carried interest (“FCI”) and a 3% NSR, with 1% of the NSR being subject to a buyback for $1 million
@Excelsior@Markus Based on the year to date composite chart of #ProspectGenerator companies just posted, I'd submit that $KSK already has broken out :-) However, I do see you're point about how it has been consolidating and may break out even further, causing investors to do a laundry drop in their pants....
@Excelsior@JamesKwantes - thank you sir. Yes, $TEN and $OSK have some room to grow, and it is also nice to see that many of the #ProspectGenerator companies are up 100-600% so far this year (dispelling the notion that they can't have significant increases).
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@Excelsior$GMX$GLBXF Globex is another #ProspectGenerator company that is worth looking into.
Globex Mining Enterprises Inc. (TSX: GMX / OTCQX: GLBXF) - "With a portfolio of 147 projects, Globex Mining Enterprises is a project generator with a diversified North American portfolio of mid-stage exploration, development and royalty properties. The portfolio is diversified across commodities, including projects targeting precious metals, base metals, specialty metals, and industrial minerals. The current portfolio includes over 30 historic mines, and 49 projects with historical or NI 43-101 compliant resource estimates.
@MiningBookGuyi'm getting interested in $MED and 'European focused' prospect generators in general...will have some more to say on that one as I continue DD.
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@dirkdigglerIt's interesting to note that #Cook is an advisor to the company, though his involvement won't really come in until there's a major discovery. Boticas is the current focus - currently being drilled. But there's the recently acquired Marrancos Gold Project, which Dan wants to drill in the Fall. I'm curious to see if they'll break the PG biz model and go that one alone. Dan James is very approachable btw.....easy to reach and eager to talk. $MED
@ExcelsiorI like having exposure to $SNG through $SMD Strategic Metals
Strategic's large portfolio of marketable securities provides upside exposure to several large exploration projects. Major shareholdings include:
8.3% interest in $ATC ATAC Resources Ltd., which is developing Canada's only Carlin-type gold district at its Rackla Gold Project in east-central Yukon;
41.4% interest in $RK Rockhaven Resources Ltd., which is advancing one of the highest grade gold deposits ever discovered in Yukon towards production;
33.4% interest in $PRG Precipitate Gold Corp., which is advancing their flagship Juan de Herrera project located within the emerging Tireo Gold Camp in the Dominican Republic; and
**16.5% interest in $SNG Silver Range Resources Ltd., which currently owns 4 highly prospective zinc-lead±silver projects in Yukon Territory and several high grade gold projects located in NWT, Nunavut and Nevada.
Check out the full list of equities that $SMD holds at this link #Impressivehttp://www.strategicmetalsltd.com/investors/stock-holdings