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We need a deadline.
How long can it possibly take for a company to do there due diligence. After all there's only so much information out there for them to read, only so much they possibly glean from a site visit and a meeting with the government.
If this is going to be sold this year, they need to put a deadline on final bids.
My concern is that the share price and trades are not looking like a company that is going to get sold or certainly not for a decent return.
I'm averaging just over 37p and was initially hoping for around the £1 mark as time has gone on I'm now just hoping for 60p. Not a lot of gain considering I first bought in 2007.
GLA.
Come on Mark, do something for all that money you've paid yourself over the last 16 years.
Moving in the right direction this morning Up 1.1% on 4 buy trades for a volume of 86500. Perhaps helped by gold returning to 1900.
Agreed slim, diss poor. God help us if this doesn't sell. A year wasted and massive dilution to come. Still, Onion can carry on taking his wages as he always has done. Talk about stringing this whole thing out. 14 odd years and very little accomplished relative to that massive length of time. A shocking performance from Onion but he still has his band of believers/worshippers. You couldn't make it up!
Mark should be coming out with some answers by now to whats going on. It’s absolutely diss taking out of people. Laugh lol Wilco’s got a deal on the table in a week and a half
Indeed. By all means trade the liquidity situation if you like, but don't confuse that with it actually meaning anything. News is all that matters now.
Isa, this is a tightly held, low volume share. That means when there is some decent buying volume it goes up quickly, otherwise it drifts downwards as MMs try to encourage buys. Given that the gold price has been absolutely smashed over the past few weeks I'm surprised it hasn't dropped more.
Everyone is waiting for an update on the sales process - hopefully that will be "binding offer received for $150M+". Until then watching every trade is meaningless, with all respect there is really no need to report on it daily.
Punter, can't even sell at 23p now so no doubt we are due another drop, if we are not careful (or rather if Mark isn't careful) we will be back to 15p before we know!
OK maybe I am over exaggerating but this is so frustrating!
Ffs another false dawn! Get on with it Onion, you said this 'proper process' would be concluded by early summer. It will be autumn soon!!
Truthfully Sakura no, the weight of sellers clearly outweighing buyers driving price down without news (and hope)
So is it those pesky MMs again do you think ISA?
Not good I can Buy 6ok shares at 24.49p going into the bell, and can't sell a share.................an RNS Monday will change things otherwise we may see another drop!
On a positive note its Friday night, so have a great weekend everyone!
Connect... Slim!!! How very dare you
Can't sell at 24p now, and buy is 24.44p..............not sure it was a Pump and Dump but it does show it can go up quickly with positive trades and equally go down at the same pace with negative trades...............currently on the negative cycle but this can change quickly
Lol it’s red Friday ffs😂😂😂
Price has moved up to 24.5p to sell but still can’t sell any if I wanted to….looks like the worm has turned!
Up the Kyber pass Slim, all these predictions are like balderdash!
?
August is generally a slow one for M&A but you never know but early September would be optimum to announce something so we have completion or some way forward before christmas. Increasing cash balances at gold miners are ballooning so they need to deploy so i think a deal is very likely given the upside for the acquirer as they will be looking at a mine with probably 60 years of gold to dig up from the district. buyers understand the potential.
Looks like the balloon has burst again albeit temporarily/hopefully!
The wider market and price of gold looks to have pulled us down and I now cannot sell a single CNR share on II but can buy at 24.75…..come on Mark!!
Wish I had traded up and sold, looks like it is rinse repeat!
I actually found myself feeling sorry for MC, he must be boring himself to death telling the old Condor story to anyone who will listen…. I just live in hope of that RNS that will set me free ha ha
I echo your last sentiment CCC, but would be mightily ****ed off if I lost out after all this time here!!!!
Good evening.
I have been for a while trying to make sense of the company tweets, they seem to have increased recently.
Here are the last 3 over the past 7 days.
11th Aug.... Cacao Deposit video....Don't miss out, click here to watch it now.
15th Aug....Feasibility study on La India Project, Revisit and explore the details:
17th Aug....Our story starts back in 2010...Check out our YouTube channel to catch up and keep up!
Let's start with tweet 17 Aug, why say " don't miss out " any investor already knows the Cacao potential, so what is the messaging? who for?, is it targeting existing investors or new.....or any buyers?, i am trying to understand the point being made, If it is existing investors and by chance i have not seen the video, why would i be missing out?
15 Aug,the same can be applied to the feasibility study, why are we being asked to " revisit and explore the details ",nothing has changed since the release, so what is the importance in doing so again?.
17th Aug, todays tweet, " .Our story starts back in 2010 ", i don't get going down memory lane! let's be honest there is a lot to forget, or is this a hint that the end is nigh? and the Youtube video emphasising " catch up and keep up " is intrigin as at present there is nothing to catch up on or keep up on!.
So at a guess and if these tweets have any value to be released, i would say it's all done and dusted and news is about to drop, if not they are totally meaningless.
Lets see...... 40p, 50p, £1 i care not, just want it done so to move on either breakeven, slightly in profit or come out with some reward after all these years.
Good luck. CCC
Yes good luck to us all, I would very much like to draw a line under this investment journey soon!
Likely offer in q3 sometime . As Jhongle says, then we see the fat bird .
Good luck all . Better to be pleasantly surprised than badly disappointed.
Nero, I certainly hope we have a binding offer this year. Hopefully by end of sept. Personally I don’t find the lack of further visits overly positive. Ur we only need 1 buyer. However Shg had 3 offers2 being Chinese and no deal transpired . They spiked to around £130 m on news of offers. I do not consider Cnr as good a prospect as Shg or as valuable . I don’t see more than £120 m attainable personally which will fail to give an sp above 50 p and that’s without knowing exactly how many expenses will come out. If a 15% tax applies which appears likely that brings 120 down to near £100 less other expenses and it is still not clear how cash will be returned to us or how much.
What we do know is Mellon has vastly reduced his average so one would assume reduced the sale price requirements.
I expect a li ease