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Morning T123, that seems a little coincidental to have the two so close together. I guess we may see some buying later today to confirm people's speculation. Regardless of news, this must continue to move positively as we approach the year end, with something having to give news.....ie funding, tolling, second hand mill, land purchases. Gold continues its march north, so at last we have come closer to the end-game
Well if there is any truth to all the conjecture about gold production from toll mining, we will probably find out around 9.30-10pm tonight when Calibre release their update after the TSX closes.. and then a 7am RNS tomorrow am for CNR followed by the share talk interview tomorrow evening at 6?
Regards
T123
Shovel ready by the year end, is what MC stated. What comes first, finance or shovels in the ground? Perhaps Rio want an initial entry into Nic via an agreed funding and stake in Condor? Might be that some of our investors want a quicker out than we thought...….at the right price?
Great start to the week as we’d hoped.
Same, nothing available on HL. They need to up the bid, what's going on?
Can see a very decent move coming here this week, already nothing available on-line and a premium being asked for small lines of stock.
This remains materially undervalued to peer groups.
Very interesting spot T123.
In the Practive article the only reference to imminent is "and a decision to mine increasingly imminent".
In the tweet from the company they reference the Practive article but then go on to say "to the point of imminent production".
I think this week could be a game changer for all holders that "locked and loaded". GLA
Tester , hope so although I am a bit sceptical as pro active also refer to the q1or q2 decision on finance as increasingly imminent . Q2 2021 isnt my idea of imminence .
Soon find out hopefully .
That’s not an outrageous suggestion T123, infact makes perfect sense. Whether the sp soars/Condor flies so high remains to be seen. Good luck to all for the next few weeks
Wow! This is looking great. Could be on the brink of the step-change we've been waiting such a long time for. GLA
My thoughts exactly tester. I was also wondering about the delayed decision about mine financing. I can't remember whether we've ever had a 90 minute Q&A before, surely there will be a lot to discuss. You do wonder what discussions have been going on behind closed doors with those discussions with calibre. With their production being halted for all those weeks, you'd think the calibre board would have been proactive with further discussions with MC. I also wonder about the timing with Randy splitting his holding and Jim buying a shed load more recently.
Imminent definition: "About to happen".
Good spot Tester, seems clear to me.
Progressing La India project "to the point of Imminent Production" ?
https://twitter.com/i/web/status/1291342102975123456
This latest tweet from CNR seems to suggest that gold production is actually imminent? Am I reading that right? Which would really tie in with an announcement this week made jointly with Calibre for a toll mining agreement that could be producing gold in about 3 months, i.e hopefully before end of 2020? That would qualify as "imminent" - right?
If so - the market has not yet priced this news in at all.. there is zero value in the SP right now for "imminent" gold production with the price at $2000 an oz - everyone is thinking its 2 years + $120M capex spend + 200% share dilution away.. It seems to make perfect sense as to why MC has suddenly moved the mine financing decision to Q1/Q2 next year as well... (previously he was saying Q4 2020) to allow time for the proceeds of gold sales to come through, increase the SP and therefore reduce or possibly eliminate entirely any further share dilution by issuing equity for the 2nd hand plant ($50M).
So CNR goes into production with 117M shares in issue and probably $8-10M in the bank - all for a market cap of $60 million? Im telling you folks - if this is the way it goes down here this week, that RNS is going to put a rocket up this SP.. the likes of which we havent seen here in ten years.. I honestly think we could hit £1 this week at least, possibly even £1.20-£1.50 when the magnitude of what Mark might have pulled off here, actually sinks in.
In short, this might be one of the most transformational weeks in CNR history...
regards
T123