Daily Stocks Going Off$

[The Prowler]

Here's a Gold Stock which might interested you, Lex @The Prowler:



IAMGOLD

Down in price lately due to the latest Gold Smackdown, but promising & not too expensive.

Please, Log in or Register to view URLs content!

I bought 100 shares. About $17 Candian or $12 US per share.

At that price, it's not too high risk.

Maybe @Seamajor or @Bastard Factory may be interested.

I think it's listed on the TSX 30

Even with the drop in Gold price, could have some upside left.

I saw a stock for $1.70 for some other company.

That seems like a better deal. 10x better!

 

[Joe]

I saw a stock for $1.70 for some other company.

That seems like a better deal. 10x better!

The one I mentioned earlier, that operates in your province is West Red Lake Gold.

They're still just a buck a share.

I think they started trading at 50 cents a share.

They're already producing small amounts of Gold, but are ramping for full production at their Madsen Mine in early 2026.

And there's another mine closeby which they're going to get going as well, so they'll be ramping up their gold production there too.

I remember back in July they were trading at 70 cents a share or 50 cents US.

I bought in at about $1 (Canadian) per share or about 70 cents US. I paid $1000 for 1000 shares.

I'm a bit surprised that a stock with so much potential hasn't gone up more than it has.

And is already producing gold.

The Gold miners/investors use terms like '10 bagger' (10 x per present share) value or even a possible 20 bagger for mines with a lotta potential.

Here's a video I saw today from their spokesperson.



They're a legit company, and have been scoured to make sure their claims are accurate.

They have a good reputation too, are cited as one of the few explorer become producer success stories

All canadian based too, so no fears of foreign takeovers or nationalizing the mines.

I think they are also a potential takeover target, which means the share price could go up if some big outfit like Agnico Eagle acquired them one day.

Anyway @The Prowler, not saying i'm right in my prediction or investment in that company, but I guess it's faith that they could really go up.

Just a hunch. Could be the other way or flat.

Thing about Gold is, these mines have to already be in production with a proven track record before their share price really moves up. ie - Barrick, Agnico, Newmont. The reason their share prices are so high, they're already producing massive amounts of Gold and profits. But if it's just a startup or the production hasn't started yet, the price doesn't take off. The investors wanna see proof that these mines/companies are producing profit - here and now.

 

[The Prowler]

The one I mentioned earlier, that operates in your province is West Red Lake Gold.

They're still just a buck a share.

I think they started trading at 50 cents a share.

They're already producing small amounts of Gold, but are ramping for full production at their Madsen Mine in early 2026.

And there's another mine closeby which they're going to get going as well, so they'll be ramping up their gold production there too.

I remember back in July they were trading at 70 cents a share or 50 cents US.

I bought in at about $1 (Canadian) per share or about 70 cents US. I paid $1000 for 1000 shares.

I'm a bit surprised that a stock with so much potential hasn't gone up more than it has.

And is already producing gold.

The Gold miners/investors use terms like '10 bagger' (10 x per present share) value or even a possible 20 bagger for mines with a lotta potential.

Here's a video I saw today from their spokesperson.



They're a legit company, and have been scoured to make sure their claims are accurate.

They have a good reputation too, are cited as one of the few explorer become producer success stories

All canadian based too, so no fears of foreign takeovers or nationalizing the mines.

I think they are also a potential takeover target, which means the share price could go up if some big outfit like Agnico Eagle acquired them one day.

Anyway @The Prowler, not saying i'm right in my prediction or investment in that company, but I guess it's faith that they could really go up.

Just a hunch. Could be the other way or flat.

Thing about Gold is, these mines have to already be in production with a proven track record before their share price really moves up. ie - Barrick, Agnico, Newmont. The reason their share prices are so high, they're already producing massive amounts of Gold and profits. But if it's just a startup or the production hasn't started yet, the price doesn't take off. The investors wanna see proof that these mines/companies are producing profit - here and now.

FYI Joe, I started investing in speculative mining operations in the late 1990's.

Do you remember Bre-X?

 

[Joe]

FYI Joe, I started investing in speculative mining operations in the late 1990's.

Do you remember Bre-X?

I guess bre x was what they called 'explorer class' of miners.

Not producing anything yet but still testing.

I bought a similar stock by at 40 cents a share recently but I didn't sink very much into it:

Please, Log in or Register to view URLs content!

St Augustine Gold. It was recommended by Globe and Mail.

I bought 100 shares for about 40 cents a share.

Mind you, could very well go nowhere. Could be a Dog.

Maybe it was dumb buy or shouldnt have bothered. Oh well cost no more than dinner at a restaurant

 

[Weeg]

VST and SMR

 

[Weeg]

VST and SMR

 

[Joe]

Ucore stock Lex @The Prowler & @Bastard Factory

Please, Log in or Register to view URLs content!

...shot up 10% today on news it'll supply a processing plant in the US, Louisiana

Please, Log in or Register to view URLs content!

Trade Wars have not dampened the USA's appetite for rare deaths, eh Lex? I bought some others too for pennies on the dollar & they are goin up too. Lex.

Could post those later too if ya want

 

[Joe]

MAXX mining doubled in price too since I bought it. Lex @The Prowler upside& @Bastard Factory

It was cheap one time like .35 cents a share.

Now it's nearly 70 cents Canadian? Maybe that's about .50 cents US? Trades in the US too. Still not too expensive. Might have s'more upside

 

[The Prowler]

Still not too expensive.

What do you mean by that?

Feel free to get technical.

 

[Joe]

What do you mean by that?

Feel free to get technical.

...meaning when the stock prices are inexpensive before they move higher, you have more cash left to invest in other stocks.

As you're aware, the TFSA in Canada ( which is like the ROTH IRA in the US) has a limit on how much you can contribute. I think that for this year its $102,000 Canadian. Next year it'll be $109,000.

Anyway if the investor uses up the room in their tax free savings account buying expensive shares/ equities, they have less room in the TFSA to buy other stocks.

I kinda found out the hard way when I paid over $200 per share for Agnico Eagle. And that wasn't terribly wise because apart from falling in price it left less room in my TFSA. So I have to wait for the share price to increase again so I can sell to make more room in the TFSA.

But of course if I can find something like MAXx which is inexpensive but has the potential to increase by 10x or more multiples it still doesn't use up the room in the TFSA Lex @The Prowler

 

[The Prowler]

...meaning when the stock prices are inexpensive

How do you determine if a stock price is inexpensive, though?

"Inexpensive" relative to what?

 

[The Prowler]

As you're aware, the TFSA in Canada ( which is like the ROTH IRA in the US) has a limit on how much you can contribute. I think that for this year its $102,000 Canadian. Next year it'll be $109,000.

Senile Joe, it is $7000 this year.

But it accumulates if you miss years.

What is your TFSA at, Joe?