Yeah, took a punt at 62p couple of days ago with 500quid, sold half today at £1.50 will let the other bit run and see what happens. Did the same few months ago but sold all at 95-100%. Unfortunately did that here with much more cash when we rose from 0.20ish and had to buy back at 0.35ish. Should have left some in here too. Oh well :)
Have to say; been in CNR for about 8 years...seems to have gone stale for a bit due to crazy president deciding to shoot protesters.
Took a couple of grand out and put it in yu, kp2 and oex, holy shit...much more exciting! 100% out of YU and closed. KP2 stil;l warming up.
But this has been ace, got in at 0024 initially and have managed to trade the dips quite well. kept a bit by in case of bad rns managed to get more at 0044 just sliced again at 0058....kinda wish i'd pulled it all out and put it in here ;)
Hindsight a wonderful thing. All the best!!!
Not sure a reality check was needed long ago.... This was looking good except for the permit delays, it's only the recent political turmoil that has pi55ed on the bonfire as it where. I think this would have been looking good bar that.
I don't expect any excitement on the SP until the 10% buy in of a larger player. Hopefully the unrest will slowly stabilise over time too which could bring back interest.
Something unexpected could quite possibly happen too. Look at the permits; they arrived at a highly unlikely time (although, as said above, probably the worst time possible)
Just to balance out the bias below
https://www.google.co.uk/amp/s/www.yahoo.com/amphtml/news/russia-un-accuses-us-destructive-meddling-nicaragua-180110028.html
https://www.google.co.uk/amp/s/amp.theguardian.com/world/2018/jul/27/opposition-behind-the-violence-in-nicaragua
Russian backed so obviously biased. Interesting to see the polar opposites of different press organisations:
https://www.rt.com/op-ed/437118-nicaragua-venezuela-us-coup/
I think DDD has moved from III since they revamped their website and f’d it up royally. I’ve been reading his posts about gold companies since pre 2010 so it’s not really a new account just a relocation. Very insightful guy in my opinion.
Can’t believe I’ve been here for 8 years for the stability to go tits up right at the last hurdle :) I do hope that things stabilise for the people living in Nicaragua. Some very sad videos recently...
I wonder if MC would consider taking this to production now considering, as mentioned below, the likely low offers that would come in. A very long slog for him to let this go at prices we have already had. Interesting times ahead for sure. Especially with 5m plus looking very likely.
I don’t think completion of the PC is enough for us to move up. Receipt of permits should have a larger impact, but still maybe muted given the unrest. That said, the country as a whole still needs to function. Other mines are still operating and producing gold. 4-6 weeks for permits, hopefully the unrest doesn’t escalate further during that period.
Indeed, I watch a documentary called "The Real Ricky Ross" about the crack epidemic that hit the US during Reagan's presidency. It was about the U.S funding the Contra's revolution against the Sardinista's using the money generated by crack sales. It wouldn't surprise me if they are heavily involved in this.