Chart looking more and more like a cup and handle formation from feb onwards, with handle forming in last 2 weeks. Might be worth u guys looking into cup and handle chart formation. rsi has been bouncing off the 50s over past couple of months and only recently dropped below overbought, will the pattern repeat!?
Gold hammered with interest rate talk. I consider it a short term pullback in gold price and a repeat of december where gold rose after the rate hike, global growth still stagnant and increase in interest rate will throw a spanner in the works of emerging economies and possible defaults. Make of it what you will
The only thing with your post ff is you do not consider POG when you first purchased and also sentiment towards gold. Times have changed. With FED saying they are looking to increase interest rates by 0.25%(!) gold has tumbled which only, to the market, insinuates one thing!
quiet times, but calming to see we seem to have consolidated & stabilized at 60p
Just looking through my trading on CNR. Was 3 years ago i was buying at £1.56 & also a shed load at £1.07 (thought a bargain at the time). Which made me think how much this share has potential to multi bag from these prices. Yes it's good to 'breath' at 60p after the SP slaughter from CFI's poor management (my hair became grey holding all the way through that) but really just 60p !!! after all the great news flow we've had in these 3 years.
Agree the EIA is a critical milestone. I take comfort in reading in April's RNS that the EIA has passed the initial technical reviews. I believe it is something that we should look as a positive that we are doing things right & by the IFC code. This will allow, longer term, for more ii investment by de-risking any potential environmental/political issues for them. No big HF's want to be linked to poor press.
A current NPV of £133m & lots of upside to grow with only 10% of concession currently being targeted. Not forgetting the high yielding Espinito-Mendoza Concession which is additional to the current PFS. Ross Beaty on board & Sprott Inc who btw is currently targeting undervalued, high potential, juniors
Wow reeling off these makes me want to buy more but unfortunately all spent out. Yes some (like recent newcomers to the board) may call me a ramper. Possibly ....but after first buying back in 2010 in old money CNR has become part of me. (loved T123's day in the life of a CNR investor post !) Still not in the black but a lot of us long termers in the same boat. However has the potential to easy go 100% from here very rapidly.
Anyway i digress. No matter how you look at this current SP is majorly undervalued. Question is.. do you risk on the EIA & get major rewards or hold off & try jump on the bullet train when she leaves the station.
It covers many common questions on the precious metals and related investments, and some of the themes have come up time and again on these boards. Nothing much going on with Condor at the mo so honestly, do yourselves a huge service and listen to this brilliant discussion.
Cheers Campbells. Your research over the years has always been very welcome.
Just my view on this but it certainly doesn't sound like the Nic Government is running shy of promoting its involvement with mining and only a few months prior to the elections. Appreciate that MARENA indicate a delay but on the other hand this congress is is supported by the Ministry of Energy and Mines and PRONicaragua which is the Official Investment and Export Promotion Agency of the Government of Nicaragua.
Not sure how the government's involvement with this congress squares with the view that the EIA will be put off to prevent negative feedback in the run up to the election.
It could be argued, provided the CNR application meets the strict environmental conditions required, that it would be beneficial for PRONicaragua to have MC guesting at the event while riding on a positive wave.
Unless of course you live in the USA as they are much better covered. Their federal deposit scheme has 6 US cents for every $100 in a bank account. They will probably be ok though as they have a great scheme on the go, print whatever you want as you never have to pay it back and hopefully nobody that you issue your debt too will notice they have no mathematical chance whatsoever of getting their almost zero interest payment let alone their bonds repaid. Quality
Girdz, it depends where your based. If you were living in Australia, New Zealand, Asia etc you might not be vaporized and therefore having non radioactive gold might be of more use. Isn't the main reason of course but bomb proof or nuclear bomb proof is a semantic tbh. Main point is it's in a country that's never been at war to my knowledge, outside the banking system and in physical not paper. It's not for everyone as most people are comforted by paper statements from their pensions, stock brokers, bond certificates and let's not forget those bank statements. There is probably no chance whatsoever that the governments would bail in monies from their citizens as they wouldn't want to set a historical precedent (or has every fiat currency ever produced always returned to its intrinsic value of nothing). I'm happy being a vvv tiny minority and look forward to seeing how the unprecedented debt creation ends up and what people do when they all try to pull their money out at the same time. Still rest assured the fcsc will 'guarantee' the first £75,000 of every single account holder (well until you investigate how much their fund is and you realize they couldn't even bail out the 6th biggest uk institution with all the money secured and pledged. Still I'm sure the UK government would step in as they only owe £1.6B they can't pay back as they can balance the annual budgets). Quality...
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