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Whilst there seems lots of sells equally there was someone willing to take the shares as the SP stayed flat!
Equally what I can’t understand is why would Jim and Mark keep throwing good money after bad in finding if they didn’t think there was profit to be made!
To date they haven’t sold a share and Firsf Majestic have bought in at 50p
Could they be so wrong when they are the ones with inside knowledge?????
I have been in CNR for a decade too and will stay for a bit longer, I am hopeful of seeing a profit albeit a small one but I agree that £2 seems pie in the sky nowadays. It is a shame as the resource seems great but progress is deathly slow and the strategy is confused. I can’t see any progress until we get all the land, have a date for production and a more accurate resource calculation, I won’t be holding my breath for any of these though.
Agree Seingred. All too often people get caught up with the hype around value in the ground. I used to see it that way too until i took major losses on AIM in the past. I'm holding another share which has nearly $2 billion in the ground value and is located in USA, yet its valued at £50m mcap.
There's plenty of positives for CNR but holders should also note this is a single asset in a developing country. We could loose it overnight (albeit unlikely) and go from 40p to 5p just like that. The market wants cashflow and until MC can strike a toll deal or confirm a production date, we languish. I was very positive when initial talks of toll mill began but seeing as nothing has come to fruition, i wont hold my breathe. I also thought by now we'd be closing in on production but that seems maybe 2 years away still. Grrr this one really tests my patience but i refuse to sell up, after 10 years.... its either all or nothing.
Apologise for the Crypto talk. Will try and keep to CNR in future. But really hope some take up the invite.
Lot of big sells today! Hope this changes again and the run gets more bullish.
Seingred,
I'm emotionally committed to see through until Condor has succeeded as otherwise 11 or 12years of hopes given up on. I know this isnt logical but personal pride involved that I backed a winning horse, even if the winnings much less than previously hoped for.
As for eth I'm holding but really hopenyou got in on strikecoin it's going to go crazy. MyBricks gave a 17x payback on first day of sale from presale I was lucky to get in on.
StrikeCoin still a massive opportunity. Discord invite here. They are about to launch there own DEX and with it extensive marketing. Own wallet to follow where you can buy with cash then the full tradestrike platform.
https://discord.gg/jwFAenhu
Yv, I am in shg too .bought in under 5 p a few years ago and added up to 8 p .I like the Kenya addition .
Re cnr when minebuild is financed there will be circa 200m shares so £100 m m cap gives you your 50 p . Not a lifechanging scenario. I bought eth about two weeks ago at $1740 and sold at $2814 last night . Can only justify this as a small punt these days. Wouldnt want it as a major holding I am afraid . Good luck .
Wont be anytime soon slim. MC needs to get this producing before we can breach a £100m market cap. Predictions of £2+ a share are wayyyy off.
I'm in SHG which is debt free and actually producing and yet its languishing. Appreciate its a different continent all together but the geo and political risk factor will always be a burden on the share price.
Having said that, I've put a sneaky order in at 40p (if it fills) as I think we could see another run to 50p on good news. Long slog this one, come back in a couple years.
Have we been discovered yet