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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.
@MiningBookGuythe good and the bad in #IvoryCoast. lingering military issues...but strong moves by mining players in the country. I am still very positive #IvoryCoast, but always a few doubts in the back of my mind (and this type of thinking goes for MANY countries/jurisdictions I follow!)
@MiningBookGuyIvory Coast soldiers stage fresh revolt over pay http://www.aljazeera.com/news/2017/05/ivory-coast-soldiers-stage-fresh-revolt-pay-170512151100422.html#IvoryCoast#Mutiny#Cocoa~AUfrica
There are new details and a summary of what has transpired so far. The following quotes from the article are a useful (and somewhat scary) update:
[Al Jazeera's Ahmed Idris, reporting from Maidugiri, in Nigeria, said the revolt had caused banks and shops to close in Abidjan on Friday.
"While less intense than the first one [mutiny]… nobody is willing to bet that this will not escalate," he said.
"Already, people, civil servants, businessmen have closed shops fearing that this can escalate and most parts of Abidjan, we were told a few hours ago, were empty because people were afraid things can get out of hand."
Lyngaas told Al Jazeera that the unrest was testing the "credibility of the government … and the ability of the soldiers to fall in line behind a leader is still elusive".
He added: "There isn't a lot of coherence to the way this mutiny seems to be unfolding."]
@FundamentalAnalysisA riskier play, given that its only a small gold producer, but slowly I think $SHG.L is becoming more and more interesting. I'm not a buyer yet but depending on price action I maybe eventually. Company produces dore bars not concentrates so operating fine in Tanzania. current price is 7.26p...one of the large shareholders Ketan I believe has a big stake in the company. There are a lot of successful indian origin businessmen in Kenya/Tanzania as a side note so Ketan I would presume must know something to retain such a large stake.
@MiningBookGuy@FundamentalAnalysis - high risk/high reward for $SHG.L! #Tanzania has moved down my list as a jurisdiction in #Africa. It MIGHT improve...but I consider the recent news I've posted in the #Tanzania room to be some real negative momentum/hurdles that need to be overcome. I know it is a plus to be producing dore bars over concentrate. But it feels like the government is more likely to keep changing the rules than to stick to 'something that works', and that creates major uncertainty for investors, never a good thing.
$ACA.L is still the bellwether...if things get better for them, it's a good sign for all other players! ~AUfrica
@VaughanCan someone with a geological mind tell me how $WAF is not more expensive. I keep seeing news release after news release of ridiculously high grades. Is there no continuity of resource or something? #MBGTrends
@MiningBookGuyBREAKING: Ivory Coast soldiers agree to end mutiny, return to barracks http://www.reuters.com/article/us-ivorycoast-military-agreement-idUSKCN18C0ZP?il=0#IvoryCoast#mutiny#cocoa~AUfrica
back to business! but still potential for issues. good coverage on this, at the end of the partial quotes below:
"Renegade troops in Ivory Coast accepted a government proposal on bonuses and returned to barracks on Tuesday, ending a mutiny that had closed businesses, shut major roads and threatened years of economic progress in the world's top cocoa producer.
Cocoa exporters at Abidjan port resumed buying beans from the country's interior after a one-day closure, and banks re-opened. The western port of San Pedro remained closed, but exporters there said work would recommence on Wednesday.
International commodities traders Olam International, Cargill [CARGIL.UL] and Barry Callebaut ship cocoa from both of the ports.
The agreement risks angering other factions in the military, who launched counter-mutinies after the government paid the mutineers bonuses of 5 million CFA francs ($8,400) each in January.
It could also provoke a new strike by public sector workers, who resent the soldiers' ability to force government concessions through violence."
@MiningBookGuy@TheNextBigRush - yeah, it was intense following the news the last few days...when i first started posting at ceo.ca, there was the attempted coup in burkina and then the presidential elections. thankfully things worked out...but you never know! whatever happens, at least we know that commercial mining is vital to most of the economies of #WestAfrica
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@MiningBookGuy@Vaughan RE: https://ceo.ca/~aufrica?1007e9ea4dd5 - seems the 'geological minds' of CEO.CA don't seem to care about your $WAF$WAF.AX question. @Teevee, any thoughts from you on the following question from @Vaughan?
"Can someone with a geological mind tell me how $WAF is not more expensive. I keep seeing news release after news release of ridiculously high grades. Is there no continuity of resource or something?"
@Teevee is the only respected 'geological mind' I know that had an interest in $WAF at an earlier stage of the company. Maybe some quick new thoughts? ~AUfrica#mbgtrends
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@Ruffus23Ore has been forgotten lately. I expect updated reserves soon. Very good drill results last month.