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We certainly have a balanced share of views on this board.
Tbh I have restricted posting lately as felt guilty of becoming a repeating record!
Like Sein I have been in for many years witnessing the highs and lows, and most importantly been fortunate enough to trade my way through at a profit.
Like many others I have kept thinking we are only months away from the magical re-rate only for it not to happen but I really do take confidence in the progress is making!
Could politics affect us…YES
Could landholders slow our progress …YES
However Could CNR come good anytime soon…YES
Icb, Rio invested in calibre before the current assault on the electoral system .Rio are also large enough to take on risks worldwide and spread the rough with the smooth . Calibre also have a proven board and importantly are producing gold. The us is the prime mover with sanctions on Nicaragua and to my knowledge arnt particularly exposed in the mining sector in Nicaragua.Better to be informed on politics than uninformed imv. Political instability can affect the s p without overly affecting actual ability to operate .
I agree a bid always is a possibility going forward which is one of the reasons I still hold some shares here but at present we are still years from production but slowly heading that way . No telling where the gold price will be when commercial production commences and debt paid off .thats neither a ramp or de ramp as it is too far in the future to know imv.
If we want to use the unuseful terminology of rampers and de rampers then we should pehaps look at the constant predictions of massive re rates for years . Comeback jibbo I miss your takeover by next year posts from 8 years ago when you were buying at £1.80 apparently and looking for massive upside. No doubt many have been influenced by such posts and found themselves nursing large losses or having to average down massively becoming perhaps overly exposed in one junior which may apply to f7.
The sp is currently 42 p, thats fact not de ramping . Good upside potential to 50/60 p and most likely close to the bottom imv. I have been conservative with expectations for a number of years and been a hell of a lot closer than the 'ramp posts 'here . My post was in response to f7 . You and anyone else can ignore politics and share price performance , thats your perogative but my reading of sp and timescales have been a lot more based in reality than most on this board but hey call it de ramping if you want but the cold reality is 42 p today 200 p ten years ago . I am just breaking even presently so not overly worried and may well add if we go sub 40 p . I will be as happy as anyone if the share price goes ballistic but 11 years in here at various levels has made me cautious thankfully.
Recently we have had a number of posters who have become experts in Nicaraguan politics apparently. We should look at the bigger picture and the other miners in the country are not having problems or expressing concerns. However what I take notice of is Rio’s investment in Calibre and it’s strategy to invest further in Nicaragua via Calibre. Rio understands the politics of mining on a global basis. When they did their due diligence on Nicaragua before investing in Calibre they will have looked at the political situation in detail both currently and going forward many years. Rio decided to invest and Condor should take great comfort from that. If Rio are happy to be in Country so will other serious Mining Companies who may well see the current low sp as an invitation to make an offer. The possibility of a bid gets higher every day and those people essentially advocating that nothing will happen for a couple of years may well regret their current fairly unsubtle deramping.
F7, I think you are correct to question where the sp is going . Ten years ago we hit the equivalent of £2 we are now bogged down in Lower 40 s territory . One strategy is to just sit tight and hope for the best. Another strategy is to be pro active with your holding . presently there are more opposition figures being arrested by the day in Nicaragua. I think it may be a mistake to think that a corrupt election and everything will be fine. The us is increasing sanctions as well as the eu. Even leftist gvnts like mexico and Argentina have distanced themselves from Nicaragua. At best cnr are two years from first pour and quite possibly longer .first pour also doesnt equate to commercial production .cnr will have 200 m shares by the time the mine funding is complete . That would make cnr a £100 m company at 50 p p share. Personally I think a £200 m valuation before successful production is a way off which would give £1 share price unless gold has a large increase ,which many predict.
I have reduced here over the last year or so and spread out in producers ,early stagers and other sectors with some very good results. Imo buying producers over the last few months is much safer than being top heavy here .
I still have a core holding and am open to either selling or buying dependent on news or movements . Interested to see if 40 p is breached for the first time in many months at a time when many goldies are just moving northwards .
Cambells is correct that most producers have been hit fairly hard over the last year and is the obvious choice for more predictable gains .
E l ,I am in omi and their exploration is funded by newmont so not all explo companies need to constantly dilute to progress their project. That said cnr have a much better record than many aim explo companies for raising and using the funds . Sitting on your hands hasnt exactly been such a good plan here though has it? Cnr has been one of my worst performers over the last five years.
Good luck f7
Seems to me you don't have a plan. No offence intended.
For myself, I'm holding for buyout or production (unless something really bad happens (on the ground, rather than SP-wise)), so I'm not that fussed over what the SP does in the meantime. On the plus side, I can continue to buy at (what I consider to be) depressed prices. OTOH, a lower SP is not helpful when it somes to fund-raisings. But either way, doesn't really affect my goals or timeframe here. That doesn't make me right or wrong, it's just my strategy, and having that strategy allows me to sleep at night.
If you're a trader, then you actively want volatility - lows and highs. A steady SP is not that much good to you. But either way, it helps to have a plan, or you just spend every day second-guessing yourself, and that's no fun.
Every non-producer in the mining sector has an eventual need to raise funds. That's part and parcel of investing in these kind of companies, so better make your peace with it, or else never buy such companies in the first place.
The chart over the last year shows 50p+ has been reached more times than 42p-. Does that prove anything? No of course not, but CNR is an illiquid stock - small numbers of trades in either direction can have an out-size impact on the SP. The market doesn't really need a good reason to take it up to 50p and beyond, or down further for that matter.
MC is not looking for a swift exit, of that I'm fairly confident. He's looking to finish the job - ie. take CNR into production. What JM does is up to him, but from external appearances, he seems happy to let MC get on with it.
I'm a long term holder and have a large part of my investments here. The recent news has been good, but I can't see how without either fixing the land / production status we will see any uplift in value. Mark must be disappointed with the lack of interest to the much heralded '6 weeks of news', I wonder if thoughts are turning to a management buyout or some similar swift exit? I cant see how with elections looming and the eventual need to raise more money we will see 50p again any time soon. All next steps will require a raise - the market does not like CNR and I cant see what can be done in the next 18 months to change this (unless we really think a toll deal or getting the land issue resolved is possible..)