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I think you're being too kind. The process has been going for the best part of 18 months. They could take us through their original thinking leading up to the putting up for sale sign, how the numbers of interested parties have grown and fallen. Why people have dropped out why new people have appeared, why the process has taken so long, has the effect of sanctions diminished over time, have the management up their expectations of the selling price with the rise in gold price or have they kept it the same and instead tried to wrap the sale process up etc etc etc.
None of the above breaches confidentiality but would at least gives me confidence they are serious about selling. Saying the are is on thing actually selling the company is another.
Sure the gold price has gone up since the start but that doesn't make us masters of the universe. Just lucky.
Our luck could also run out...
In fairness they cannot communicate any update given the commercial sensitivity. We might only need to wait a few more weeks and we could all be put out of curiousity who is the buyer and how much. Yes the sales process had been too slow but so too has the pog rocketed and made a difference to both the sales price and the number of possible interested parties. There has been a lot happening since they raised the flag and mostly in our benefit. If they took first offer 15 monthd ago i am sure we would be furious and maybe just maybe the price now will be accepted and if many bought on placings are in a good place.
It's been well over a year since I sat in a poky room with Slimshady talking to our esteemed CEO via a screen who was decidedly distant (in all senses of the meaning) even though I was on my best behaviour and what has happened since?
Well not much, our great leader has got even techier but is still paid his full time salary, we're in a period of profound non communication which the optimists read as nearing a deal but history suggests the opposite could be equally true.
I for one will be voting down all the resolutions come the AGM purely out of the desire to remind the big boys that we small people still exist and yes we'd like a bit more firm information after 18 months of *ugger all.
For me the excuse of commercial confidentiality is an excuse no more. I urge everyone else to do the same . Yes I know that it won't make much difference but they'll have the embarrassment of reading out percentages of resolution approvals of less than 99.9% which might, just might, stir them into communicating some worthwhile information this time.
Damn it!
On the II platform on the dealing screen they show the Morningstar Fair Value for each share. The Fair Value quoted for CNR is 80.68p. We are currently trading at a 56% discount to their Fair Value.
A couple of sells and the buggers have ticked us down!
Normal ramp
Has any offer appeared???? or is it normal ramp?
Boooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooom!!
36 paid… 🚀🚀🧨🧨
Charts look clear up to 38p and then hopefully push on into the 40s… the brakes are off our Golden Bird! Let’s see how fly she can fly!
Tick tick tick… BOOOOM!
Class395
Certainly good to see TSX volumes grow as that could indicate more Canadians thinking that something is about to happen or could just be an arbitrage opportunity as the gap between UK and Canadian price is a little wider than it should be. Onwards and upwards.
I got £0.35p on a dummy sell CF, come on CNR!
I've given up trying to predict the timing of the RNS.
Must be something this week..................
Dummy buy 35.9p.
Looking good so far. Come on Onion let's be having that news!
Dummy sell 34.31p this morning. Could be the perfect storm! News could drop anyday now and those just getting on board might as well hold on until that RNS finally drops.
It is certainly true that there is often a disconnect between the TSX and AIM listings with big moves in Canada on very low volumes. Today however is somewhat different as the volume of 105000 is 10x the average volume. If a higher level of interest in Canada continues it could increase speculation that the deal will be with Calibre. It will be interesting to see if CNR moves up to 37p tomorrow to catch up with the Canadian price.
I made my 100% way back, took my initial stake out and left profits to run - currently up 44% in ISA (smaller holding) and 30% in SIPP….. tempting as it is, I’ve waited a long long time for this and as much as it’s probably been my most frustrating holding, it may prove to be my best!
There has always been a disconnect in the sp between aim and the tsx so I wouldn't read too much into it. Nice rise today, I personally think it's 100% due to the undervalued shares pump on Friday afternoon. It happened last time. Let's just hope this time these buyers hold on for another 1-2 months rather than take a quick 10-20%. I'm holding onto my golden tickets.
Interesting:
https://shorturl.at/ntvGZ
0.64 Cdn when I looked -37p.
Could be a good day tomorrow.
Just looking for 40p for a doubling up, then I’m gone. Reckon 48p might be the value but cash needed elsewhere
You must be among the clever few who expect a profit as per your TSX ISA question, well done and lucky you! I’m a member of the LTH club as well, but my tenure began in 2011. I bought at £2 and some pennies much to my chagrin, but also in the low 20’s some years ago and managed to average down from £1.67p to as damn near as £0.50p, so a ways to go por moi! GLA.
Long term holder here, always been reading but never had enough insight to get involved. Appreciate all valuable contributors over the years inc pre-consolidation days. Qn) IF TSX shares received as part of deal, does selling them on TSX within an ISA have any tax bearing ? And is it as straightforward as if were to sell UK shares within ISA? Maybe others are also wondering the same so any info would be helpful to the board in general, considering all possibilities.
Since someone asked about positions, well… I have most of my 220k shares in an AJBELL ISA and sticking around for the home run, whilst my most expensive purchases are in the 50s but averaged down over the years taking advantage of the teens and low 20s.