If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Yes I did mate - Money I have put in this time is not really for trading but more a long term investment ! Albeit with a toll mining agreement my long term SP target could be hit one hell of a lot sooner ! This share needs news soon however as it will continue to slide otherwise. Ye had noticed you were in a few gold producers, which I can only assume done you well over the past few month with the gold price rise. Good luck anyways fella and hope we are both reaping rewards soon,
Ha,dukey.how you doing.well you had a nice little ride last time we hit these levels.I am more caurious these days.still in and traded a decent average but still a long way to go imo.I am spread over a number of goodies and had a good 9 months in producers and treading water here .lets hope gold carries on north.I reckon there is financial chaos approaching.
Seingred, long time no speak, hope you are well. I bought £20k of your beloved (old joke) CNR yesterday - Had to d0 it in three tranches mind. In for the long haul but if a toll deal can be done in near term then that would be a game changer.
Tester,calibre looking at 130 k pa I think so even better economics.only a little while ago it was being sugested on here that calibre wouldn't pull the deal off or that they had overpayed for a loss making mine. 130k oz x $500 sounds like a very good bit of business to me . They are in a hurry so we may figure in their plans at some point.They obviously still have spare capacity if they have laid up a ball mill.
I agree with e lion,the rise in gold price makes a toll deal less attractive to them.There is still a lot to be done before any income imo.more patience needed .
Surely NMC / Randy would need to be a part of any small scale toll mining deal, yet there has been silence from that corner ever since they put in $2M.. i dont understand it.. I think an announcement just to say - "we are considering this as a short term plan to produce gold revenues" would work wonders for the SP.. JM obviously thinks there is a path to making money here or he wouldnt be upping his stake..
I know they are waiting on permits for the other sites (probably to high grade the production of gold as there is 13-15g/t material that can be open pitted in mestiza etc) which should produce incredibly low costs - (2 tonnes of rock processed per gold ounce is phenomenal) but why cant they just explain that to the market. I dont like all the uncertainty at the moment. :-(
regards
T123
Calibre got lucky with the gold price IMO. The deal looks a lot better at $1500/oz than it did at $1200/oz. May mean there's less incentive for them to do a deal with us unfortunately.
SP movements on resuming trading seem to be fairly restrained, considering the seismic nature of the deal. Indicates I think that the market judges the negatives of dilution to be slightly less than the positives of the new reserves and cashflow.
If Condor can get a toll deal, then great, but this has seemed less likely to me ever since news of the Calibre deal broke.
Small-scale production seems to me to be the way to monetise La India in the (relatively) near term. At least we would be in control of our own destiny then, rather than waiting forever for crumbs off the big boys table.
Their market cap is currently just shy of CAD$130m, compared to when they closed on the TSX.V at CAD$26m...
Trading in Calibre commenced at 2.30pm UK time on the Toronto exchange. The share price opened at 0.63 $-Canadian. It got up to 0.75 and 15 mins ago was 0.66. This compares to 0.58 on the last day of trading 28 June
Calibre Mining Provides Partial Fourth Quarter 2019 Guidance: Expects Gold Production of Between 32,000 and 35,000 ounces at All-In Sustaining Costs(2) of Between US$950 and US$980
So they are looking at $500 an oz profit if gold stays at $1500.. roughly 100koz pa or $50M per year - so perhaps they will make back their $100M purchase cost in two years?
Will CNR factor in any of their plans though? They seem to be continuing with a drill program close to LA Libertad for now...
https://calibremining.com/news/calibre-mining-provides-partial-fourth-quarter-201-1268/
My question remains - how is CNR planning to monetise La India in the near term.. We have had a permit here since last August but nothing seems to be happening..
regards
T123