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Positive update. The kind of RNS we should be seeing more regularly during the sales process
Sorry, it's gone up from 2 non binding offers to 5.
Moved up from 3 to 5 non binding offers and currently have 8 NDA's with continued interest. Shame none have been converted to binding yet but shows interest and competition.
Sorry mark
I don’t think Mark is out of his depth but it’s not really relevant as Jim Mellon is pulling the strings on this sale. I assume you don’t think Jim is out of his depth. They will update when is appropriate as there is no commercial benefit to providing a running commentary on progress, in fact it would be counterproductive.
5 months without a update on the proper sales process to who’s in or out the price we are at is partially down to onion being out of his depth
Looks like investor are waiting to see the direction…no one wants to buy or sell
Well, at least something is rising! It will soon be Autumn and still zero news about this 'proper process'
Nice to POG rising again at US1980..........
Sorry that’s 1.800 pounds worth
1800 exchanged in a world class asset 😂come on🧅tell us another one it’s a shame it’s not pay performance related
A grand total of three trades so far today - well played Onion
Have faith CEGamer
Meanwhile the silence here is deafening.
It's also, I can't help but feel, indicative of the general sentiment associated with CNR right now. ADVFN continues to be dead - I don't think I've ever seen such a collective resignation from PIs.
How long does one sit on the sidelines before patience really runs out and we decide to take some action against Mark? I don't think I've ever seen such a blatant example of underperformance and shareholder disdain in the last four decades.
The lower this goes the less likely achieving my 46p break even is looking - not great considering I was talking up over £1 a year ago.
Well done MC.
Https://aheadoftheherd.com/getchell-gold-a-case-study-of-gold-in-the-ground-richard-mills/
That didn’t last long ispan the mm,s tried but thought they where wasting there time
Fingers crossed your early negative post Slim gives us another blue day, it certainly worked Friday!
Keep up the good work................
News could come anytime next year what a diss take nearly 9 months gone no news on runners left in or out in this diss poor show
ISA - Again lol old spring is getting rusty…. Take a break and wait on news
Nice blue end to the week and nice buy for someone at 23p, the spring is beginning to coil!!
Looks like the tide has turned!
Lets get up to 30p plus again quickly and then hit that 40p target!
Seingred, you seem to be the only one banging on about asset sale, so why not ask him yourself. He has already eluded to the fact they have initiated an asset sale so the could engage with more than 6 suitors. If you are not happy with that explaination, then fired your questions to him yourself.
Simms, how many site visits have there been? Ndas mean little imv .
E l, I have posted link before but will mention again. Royal rd disposed of its 50% j/v to Hemco for $22.5 m but retained a 1.25% net smelter royalty which is quite standard. There was also a payment of around $5 m to Nica authorities from memory. Royalty payment is more likely to be the reason for asset sale than some of the tenuous explaination given imv. Actual income in a couple of years to keep wages flowing or royalty could also be sold separately.
I have experienced many takeovers and asset sales but not a company selling its sole asset in asset sale. In a takeover yes bod would recommend offer and it should be voted on.
Asset sale is less clear but perhaps someone on good terms with mc could ask for clarification on the procedure in an asset sale scenario. Agree Bdn , further offers would be valid.
Blue day so far so maybe sentiment is changing. I think an offer will emerge as with so many NDAs and site visits the board should aim to get the best price and that will take longer than if it was only a single company. Once we get one offer this gives any other interest to show their hand pretty sharp so key now iss getting that first acceptable offer and then see if the other parties relook at their price.