The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Https://www.bbc.com/worklife/article/20200827-how-survivorship-bias-can-cause-you-to-make-mistakes
Somewhat related to previous posts - but not targeted at anyone in particular (honestly) - and since there's not much CNR-related chatter to be had right now, some may find this relevant/interesting: https://thetaoofwealth.wordpress.com/2013/02/17/harry-brownes-17-golden-rules-of-financial-safety/
Some may win the lottery, or strike (no pun intended! (or was it?!)) lucky in some investment or other, the surer path to wealth for most is to focus on your career. Naturally, choosing an individual stock like CNR is also against the rules, but you gotta live a little sometimes! lol
Also, this: https://www.youtube.com/watch?v=XamC7-Pt8N0
It was 7 cents when I *first noticed* RR's advocacy, and bothered to check the price for myself. Better? At least you're not calling me an out-and-out liar I suppose, so there's a silver lining. RR must have been plugging it for longer than I realised.
Regardless, you quite clearly have some insecurity on the issue. Doesn't your life-changing wealth insulate you from needing to prove yourself to all and sundry on an anonymous internet forum?
Besides, if you take the word of *anyone* at all on an anonymous internet forum as a basis for your investment decisions, whether that's me, nero, RR, Seingred or yourself, then you have only yourself to blame if it all goes wrong, and cannot take much credit if it goes right. DYOR is the name of the game surely.
Indeed. A bit odd, but there we are. Some just have a chip on their shoulder I think. Not a lot else to talk about to be fair. Hopefully we hear something soon to sooth everyone's nerves.
Congrats. My plan was always to go to 4 days a week at 40 and retire at 50 (I'm a work to live kinda guy, not the other way around), but I'm 41 and not gone to 4 days yet, so running a touch behind the grand plan! Hope to make "principal" software engineer next year (if "senior" winds you up, I'll try to remember to mention when I make principal, lol), at which point I can go to 4 days and still make same as I do now on 5, which is enough TBH (always gotta know when to stop chasing, particularly when the tax man starts taking bigger and bigger chunks of it!).
I hadn't kept a close eye on StrikeX, not really my thing, but I did recall that RealRanger was punting it at 7 cents and it's now 2.65, but as you say, it must have moved in between times, affording opportunities for trading (unless there was a consolidation or something). Glad I didn't HODL at 7 cents though!
Either way, civilised debate beats holding on to grudges in my book.
Ah right. Good job you're here then I guess. How's StrikeX doing btw?
That sentiment has been festering for a while hasn't it Willowman? It shows. Nero's living in your head rent-free.
Err, Q4 *starts* in a few days. It doesn't end for 3 months and a few days...
The implication (and to a certain extent, paranoia) attached to these sort of observations, is that someone knows more than you, and that they are selling for a very good reason. Generally, I don't believe that is the case. There are many reasons why someone would buy, or sell, a certain quantity at a certain juncture, and very few of those reasons are truely related to the stock itself. In addition, 19k is a lot of money to some, but not a lot to others, and so you cannot say whether a trade of that size is particularly significant to the owner. When it comes to this stock in particular, there are, as we all know, many reasons to be cautious, or even suspicious, and so that some choose to sell is hardly shocking. The vast majority of the market are mugs who (like Jon Snow), know nothing. Insider trading must happen I'm sure, but is illegal and carries severe penalties. Finally, I haven't toted it up myself, but you say 11m are sell. Well, big deal. Not to brag or anything, but that's less than my holding. Wake me up when a few hundred million are sold at once - that may indicate something amiss! Until then, keep calm and wait for news (which I presonally belive won't be long and will be positive), IMHO, DYOR etc...
Good comeback to be fair Seingred!
I know that no-one asked me, but other's holdings or average is not really of much interest to me, nor should mine be of interest to others. Everyone's circumstances and priorities are different, and one's position in a single stock is really neither here nor there in terms of their overall financial situation (which honestly is probably more interesting, certainly in terms of portfolio allocations etc, though social etiquette usually forbids one from asking, or disclosing!).
I think you probably place a greater emphasis on cashflow today than gold producers do (and particularly Chinese ones).
Gold producers already have cash flow for today. What they don't have is an ever-lasting supply of gold to dig up.
In addition, whatever you may think of them more broadly, the Chinese also seem to be better at patience and long-term planning than we do in the West. 2 years is nothing.
Agree Slippery, apart from I don't think big investors tend to care what their average is, and so it's not that particularly useful for us to know what it is, one way or another. I mean, sure, JM will take as many 15p warrants as he can get his hands on, but I don't think the price he will want to sell them for has a lot to do with his average. It'll be far more about extracting value from his investment. Which goes back to what MC was saying recently: $400m NPV minus a discount as it's pre-production. We don't know what that discount will be, it may be large, but that seems to be where our bargaining position is starting from.
I'm not interested in a fight, but you said "this has now been changed" (albeit with 3 questions marks, so perhaps that's where the miscommunication lies!).
Anyhow, why "must" there be some meeting? There may be, but we don't get to have a say in every single decision HAA makes, so no reason why we "must" have a say in this either.
What exactly do you think would happen if somehow Kefi shareholders voted down the deal that was on the table, that has been thrashed out over many painful months, if not years, by several significant stakeholders, including national banks? I'll tell you one thing, it wouldn't be good for the SP...
I recall similar. There has been no official notification that this has changed yet, unless you've seen something I haven't?
That said, I didn't expect to have a meaningful say in anything anyway. The deal is the deal, and if I was HAA, I wouldn't take the risk of uppity Kefi shareholders screwing the whole thing over at the last minute unless I had to.
The reality is, as a small PI, your choices are limited to buy, hold or sell. Even if asked, it's not usually worth the effort to swim against the current.
100K trade, looks like a buy to me (18.74p. Trade before was 18.50, trade after was 18.55, later trades going through at 19).
Cautiously concur with Geng that the bottom may be in. Be greedy when others are fearful, etc.
He could, but I don't think he will. Why? He's a banker - not a miner. He could become a miner if he wanted to of course, but he has so much else going on between his other companies, writing books and trying to live forever, I can't see him wanting to take the time and energy to build a mining company. That's not where his interests lie it seems to me.
An unconvincing response to the points I raised. You haven't persuaded me to vote with you yet. Ah, but you're not actually planning on being the one leading the charge? You want others to do so? Yeah, that's what I figured. Someone needs to lead these sort of things, or nothing will happen. If not you, then who?
Go on then cegamer - get an EGM called. If you get that far, then fair play to you - you'll have already gone way further than the typical whinger. Then we can see just how much your motions will fail by. JM and MC have a 25% head start, and most probably won't bother to vote at all. You'll need to drum-up support beforehand I would think - not the sort of thing you want to just hope for the best on. If your motions get passed, then we can see just how much the SP craters by, when the CEO is outed against his wishes, or that of the majority shareholder. Then you want to dictate terms to large companies in the hope they'll bow to your will and meet your deadline? What's your plan if they don't? Oh yes, you said - hire the same company that we've already hired, but at a lower cost (good luck), to sell the same thing that they were trying to sell before you "helped". But without a CEO to coordinate with.
Have you done this before, or seen it done, to the benefit of ordinary shareholders?
Seingred. To imply that my personal choice of filtering Slim and Punter's absolute guff, is the same as "cancelling caution" is obtuse at best, and more likely intentionally disengenuous. Another of my personal choices which others are free to disregard, is the choice not to engage with those who choose not to debate in good faith. As such, I choose to say no more on the subject.
"never seem to be held to account"
Pull the other one! You do little else! lol