Goldtent TA Paradise

Trash heap

1. Alex33 says:

   April 11, 2018 - 4:38 pm at 4:38 pm

   Good luck with these stocks. Besides maybe NVX that only drilled some holes, I definitively would prefer to own other gold exploration stocks with more developed assets and enough cash in the bank to create shareholder value. By the way, some of these stocks you could have sold mid 2017 at far higher prices, as you never should forget to manage an exploration portfolio actively.

2. JamesBrrando says:

   April 11, 2018 - 4:45 pm at 4:45 pm

   Lol at sell with these ledgers on the certificates and no brokerage will accept them. 1 did, but they sent them back, probably bc its trash.

3. Simon says:

   April 11, 2018 - 4:56 pm at 4:56 pm

   James, you’re lucky. I have a number of other Rocks in addition to those that are also worthless AND have been too illiquid to sell, despite my best efforts, as they descend toward oblivion.

4. Alex33 says:

   April 11, 2018 - 5:02 pm at 5:02 pm

   Sorry to hear that. A ful service broker normally accept these. Most full service Canadian brokers do accept these, you can even sell before the 4 month hold period is over if you have enough cash in your account to cover margin requirements. By the way always do your own DD. I had some NXS, but sold most at profit, as I did not want a winning position to turn into losing.

5. JSKauai says:

   April 11, 2018 - 5:09 pm at 5:09 pm

   I am holding only Camamex mainly due to Spock’s exposure. Now in hindsight it appears to be much more profitable mining cyber data on individuals than minerals. What a joke!

6. Cervantes says:

   April 11, 2018 - 5:17 pm at 5:17 pm

   I´ll hold till at least 2024. Not selling here. That´s my advise in case you wanted James.

7. Mserr says:

   April 11, 2018 - 5:24 pm at 5:24 pm

   I know what I bought. The story is intact
   Im holding. Im adding t sek and Alta

8. Alex33 says:

   April 11, 2018 - 5:24 pm at 5:24 pm

   I urge you to read my recent post, some companies will unfortunately not recover as they have no access to funds to advance properties.
   https://goldtadise.com/?p=427692#comment-47655

9. Northstar says:

   April 11, 2018 - 5:25 pm at 5:25 pm

   Eldorado, Westwater Resources, Redstar Gold, Comstock Mining, Golden Predator, Arian Silver, Pershing Gold, Golden Star Resources, Alio Gold, Millrock Resources all trashed (and many, many more).

10. Mserr says:

    April 11, 2018 - 5:32 pm at 5:32 pm

    Alex. You don’t think Alta or sek properties are strategically positioned and
    Simply good properties. In both cases management knows the region??

11. Alex33 says:

    April 11, 2018 - 5:43 pm at 5:43 pm

    Prefer to comment on companies I believe 100% and know better. As Northstar stated even GPY ,Gss or Alo and other stocks are down as much as Alta or Sek or even more. I prefer companies with proven management and advanced properties. I think both Alta and Sek have lots of work to do until they can prove something economically. My personal rule for investing is envision a realistic exit scenario without higher metal prices and make the exercise mentally what you would do when a stock loses 30 or 50% of its value. If you feel comfortable then you can buy or own the stock. Anyhow everybody should do its own DD and meet or contact companies. If no time for that better invest in GDXJ.

12. Mserr says:

    April 11, 2018 - 5:48 pm at 5:48 pm

    On Alta majors are buying stock all around them
    Sek there properties aren’t unknown. Anyway that’s my take

    Nxs admittedly don’t have much opinion.

    Thanks for your input

13. Alex33 says:

    April 11, 2018 - 5:54 pm at 5:54 pm

    Agree on Sek, properties are near osk and btr. But will need lots of money and good geologists to find the gold. Same about Alta. But this is just my opinion, I could be wrong. Maybe gold bull market will save this companies as current market cap is rather low.

14. Mserr says:

    April 11, 2018 - 6:12 pm at 6:12 pm

    Thank you

    Alta. Seems to be good place don’t know much about management

    But brad kitchen who has done it in the same area I would think has a leg up
    On this. But also agree needs to raise some coin.

15. Mserr says:

    April 11, 2018 - 6:15 pm at 6:15 pm

    Clive likes Alta. Lol.

    https://www.streetwisereports.com/article/2018/01/03/cheap-gold-stock-about-to-break-out-of-base-after-prolonged-accumulation.html

16. Saab360b says:

    April 11, 2018 - 6:34 pm at 6:34 pm

    Mr Spock sold these as if they were going to the moon. So far, all they have turned out to be is extremely high risk plays that are right now barely alive. He is now personally involved in a few of them and doing what he can to keep them from insolvency.

    So far, his short term timing and predictions for anyone who followed him, unless you were very early in, has been nothing but a disaster. Perhaps that will change. I’m under water in them too. By the time I finally got them moved to Sprott to even be in a position to sell, they were already losers. Time will tell, but it seems the odds are against most of them. I learned my lesson about following experts into risky ventures with penny stocks. No longer a member of that expensive subscription.

    Hopefully I’ll be wrong and his long term predictions will be right. Holding on because selling is mostly worthless at this point anyway.

    • Sgt Schultz says:

      April 11, 2018 - 11:38 pm at 11:38 pm

      I’m with you in the same boat. At PDAC, I was even told by an employee from Altamira (who used to be at Secova) that Spock was going to “right the ship”. If a reverse split and an equity raise is righting the ship, count me out. He of course gets paid to be on the boards of these loser companies. Us shareholders? Not so much.

      FWIW, I think ALTA has some decent prospects, and is less of a crap shoot. SEK is in the right jurisdiction, but Brad Kitchen comes across as a weasel. Hopefully someone buys NXS and puts it out of its misery. Other than the early drill holes, most of the results have been pretty crappy (a fact that Spock would never own). AZS is still producing sub-economic drill results. Maybe NEXT time they’ll find that Ramsay extension. Or ethereum tokens. Or something.

17. Alex33 says:

    April 11, 2018 - 6:46 pm at 6:46 pm

    I remember Spock with his very positive gold predictions from mid 2017 (something like Hurst cycles,but that did not work out).

    My opinion is that Spock should have been more conservative in recommending when to buy and sell, when you recommend a stock at 0.05 investors can make money, but as it goes up to 0.07 or higher you should stop recommending it and put it on Hold. This is how newsletter writers like Gwen Preston work, they have an original recommendation at Buy, and once it is up 30-50% or more they put it on hold, as they do not want people to chase it. When AZS was up 100% or more Gwen put the stock on Hold and most members took half of their profits as it is always wise to sell your original invested money and leave the remaining money at stake as free lunch. This how a lot of investors work.

18. Mserr says:

    April 11, 2018 - 6:55 pm at 6:55 pm

    Flex is down 90 perfect t from the peak down 50 percent in a week
    Yes Spock call in gold has been off. But he has the direction. Correct

    Rambus. Avi. Hadik. Everyone has been off in gold
    Spock in dollar looks correct so far

    The stocks are down and it’s painful. He did tell us years
    I’ll say or again. I bought a few of the rocks I understood the story.
    It was a risk. For sure. But I don’t think the story is over

    • Simon says:

      April 11, 2018 - 7:19 pm at 7:19 pm

      Mserr, in the beginning, Spock was NOT talking in terms of years. He was predicting 6-12 months at that time for his picks, and maybe even 18 months in a few cases for things to happen in a serious way. That time frame has long since come and gone, and he has now stretched the time frame out to many years. Most of the companies, or at least his subscribers, have/will have experienced a lot of pain (and maybe insolvency) in the meantime. Spock’s early predictions were way too aggressive, and way off the mark. And to boot, he blamed any indication of impatience on character flaws in his subscribers, rather than take any responsibility. A little like a prominent politician we are familiar with. Just saying…

19. Alex33 says:

    April 11, 2018 - 7:03 pm at 7:03 pm

    Fully agree, nobody is perfect. I have seen other newsletter writers recommending stocks like TerraX and Golden Predator almost at or near the top as they missed the whole move. In hindsight it is easy to call this a very bad call, but back then it looked differently.

20. Mserr says:

    April 11, 2018 - 7:13 pm at 7:13 pm

    And sorry above meant goex the explorer index has been killed

    To your point the sector is hated right now. For sure

21. Saab360b says:

    April 11, 2018 - 7:34 pm at 7:34 pm

    I don’t hate the sector. I’m even invested in it. Spocks calls were extremely aggressive and risky. Penny stocks in a highly volatile sector. The majority of his short term calls have been completely wrong. Maybe he will win long term, I hope so. His service is much better suited for gamblers than investors in my opinion.

    To give him credit, his Global service is more conservative.

22. Swannmex says:

    April 11, 2018 - 8:00 pm at 8:00 pm

    Education always comes with a price.

    • Bikoo99 says:

      April 11, 2018 - 8:11 pm at 8:11 pm

      What a huge price to pay? How many times in 18 years???LOL!

23. Bikoo99 says:

    April 11, 2018 - 8:19 pm at 8:19 pm

    When PM sector gets going not sure how many of these and others like them will come back?? But soon SGR will turn which is indicator for “Risk On” for the PM sector. At that time funds will flow back in the sector.

    I know of a company who started with a property did PP and raised $6 mil plus recently stock went up and raised almost another $3 mil from warrant exercise. That is the smart way to work on exploration property with great cash on hand.

    Good thing is PM sector is poised to turn soon not down like in 2008. Hurting!!

24. Fullgoldcrown says:

    April 12, 2018 - 12:14 am at 12:14 am

    For the record. I am as disappointed as anybody in the Rocks. What an incredible turn of events.

    Such a promising blast off in Jan 2016 and through the first half of that year….a correction was due of course after gains like that …but few would have expected these things to round trip and worse in some cases.

    However I believe Spock’s analysis is sincere and that he really believes in this sector . His gains are still sizable as he did call pretty much THE bottom and is still up over 200% in the PF.

    Most ( myself included) were not in at the very start and are not able to just hold. Personally I sold most the rocks ( not the PPs) as I became jaded with their performance. I do believe they will all rebound if and when the Gold Bull resumes.

    I would like to add that anyone playing in this sector BETTER own his participation.

    There are many many analysts and promoters who have been dead wrong for a year and a half with regards to micro miners. These things are like match sticks they flare and then flame out and you need to trade them with a quick trigger OR you need to have conviction that they are mostly non expiring options on an extremely emotional and volatile tiny sector.

    OWN YOUR TRADES !

    FGC

25. pedro_deleon says:

    April 12, 2018 - 12:15 am at 12:15 am

    “Good thing is PM sector is poised to turn soon not down like in 2008. Hurting!!”

    I wouldn’t count on that.
    We are perhaps less than a year from the equities bull topping, due to contracting LIQUIDITY and credit.
    Gold is a smart sector, that when its bullish its sniffing out the thought of EXPANDING liquidity, before it happens.

    At some point, but only after panic begins to set in, will gold sniff out hushed discussions of QE revival. Way too early for that here.

    • Plunger says:

      April 12, 2018 - 6:21 pm at 6:21 pm

      Pedro you have it all wrong… what you just described is the “gold bug” narrative. Actually the real price of gold (purchasing power) declines in an expansion and increases in a contraction. That’s why PM stock bull markets occur during recessions and depressions.

26. Plunger says:

    April 12, 2018 - 11:10 am at 11:10 am

    Here is my take on this:

    We all know how traditionally the junior sector flies in the second half of a bull market. That’s when all stocks including the turkeys fly. These micro cap high risk stocks of course have a super high preponderance of failure. The only time they don’t, and its only for a season, is in the second half of a bull market. Well we are not there yet. Myself I have chronicled how it is my analysis that we are in the very early stages of a phase II bull market. Phase I ended in Dec 2016 and since then we have been undergoing a lethargic consolidation of the averages. This is the point where investors come to doubt there own investment proposition while the indexes march in place gathering energy for the upcoming impulse move and break out. This has been going on now for 16 months. There is no way that the junky micro caps are going to perform in this environment.

    The best way to play this zone of the bull market is to be in the Royalties and project generators. These stocks can survive almost indefinitely under adverse conditions if they have honest disciplined management teams. Companies such as FNV, RGLD, WPM and project generators like MRZ, AAU, LRA, ALS. Those are the stocks that one should participate in in this part of the cycle. They may pull back but they are not going to implode as high risk ventures. The exploration stocks are like burning matches and you know what they say about playing with them. There are some exceptions such as companies like RRI.v. but that is because I personally know management and I know how disciplined they are plus they use the prospect generator model. They have pulled back a lot, however they are sound with no debt and cash in the bank.

    So one is really rolling the dice to own these the type stocks mentioned above. They may have there time in the sun as a group but it must be a permissive environment. Sure one of them may hit a pay dirt discovery and rocket, but I am not going to expose myself to that level of risk at this stage of the bull market. If one wants a discovery then do it through the prospect generator model where ones risk is mitigated. Better to own a large core position in companies like Altius and Sprott inc which I have pounded the table on ad nauseam.