Member Info for ISAPENSION

Ps Erdles, look at house price inflation. Yes it was kick started by the stamp duty benefit however after July 1st it’s negligible for a house £250k plus yet there is still limited supply and huge demand (I should know as just going through a sale and buy). Low interest rates and money saved in lockdown are fuelling this, not stamp duty alone!
Equally look at all the work people are doing on their houses, ie new drives, roofs, extensions, knock through kitchens!
We are in a post Covid boom and while interest rates are low people are borrowing (or spending money saved) driving up prices.
It will end in tears for some unfortunately!

Erdles, I can assure you prices are going up and will stay up this side of Xmas on general merchandise goods (non food) that are manufactured in the Far East.
I envisage an average 5% increase with big boxed items considerably more! Yes you could argue volumes will be lower however the lack of supply due to longer lead times and shipping issues will ensure items aren’t discounted down again.
Arguably the strength of the pound versus dollar has offset some of the increases but it’s no where near enough!
Will high prices hold next year or is this temporary, well there may be certain companies/individuals struggling but we are currently in the post Covid boom! Let’s also not forget people aren’t going on holiday this year or not abroad so extra money available.
I do agree though if inflation kicks in and interests rates rise it will lead to more pain and as always the rich will benefit!

Scary times Campbells, for once the media isn’t scaremongering or exaggerating!

Sein I never said that was the result of the delay, I may not be an expert in gold or cryptos however I consider myself an expert on dealing with the Far East and the challenges it faces!
Shipping companies have hugely inflated prices as a result of the world waking up after COVID (particularly the USA) and containers being in the wrong place at wrong time. Yes Suez has compounded however PPE shipments and demand has heightened the problem!

Sein, interesting re your comments on throw away society, as sustainability, global waste, carbon emissions and use of plastics and packaging are having a bigger influence on our commercial decisions (which interestingly also drive up costs)
Also if you look at clothing the talk of recycling and hiring clothing, especially for special occasions is gaining traction rather than buyer new!

Whilst a few retailers (on line and bricks & mortar) are resisting they have no choice but to accept Price increases as it’s industry wide issue, and suppliers can’t afford to absorb the increased costs.
If retailers resist or try and play hard ball they will lose much needed sales and in turn profit!
Personally I think there will be a massive realigning of pricing, and consumers still have no idea!
Re volume, of more concern is limited supply of goods due to longer than normal lead times!

Morning All
I would value various opinions.
In my business we are experiencing unbelievable inflationary pressure as a result of raw material increases, Far East labour increases, poor chip availability and shipping costs that have spiralled out of control. Container prices are currently six fold the price they were last year!
As a result alongside all our competitors prices are going up with immediate affect.
I am aware other industries such as construction are also experiencing dramatic increases in costs with less availability.
Surely the above is going to put pressure on interest rates going forward and help the POG
I am just surprised POG hasn’t shot up to date and in turn benefited CNR.
Thoughts and predictions welcome?

Hi Connect
I actually thought I had missed out when I saw another RNS this morning however it didn’t really materialise. I am still hovering on the buy button and if I can buy again under 45p I am in, and if doesn’t and rockets up I am over the moon….win win!
Let’s see what tomorrow brings!

Cambells I have kept wondering why II’s haven’t invested to date and whilst you could argue we are not big enough I think it may also be down to how much influence Mark & Jim have to push things through with limited governance.
I am sure II’s wouldn’t approve the millions of share options handed out like paper as rewards for SP failure!
Now it is time for Mark to walk the walk, and not talk the talk…and in the timeline he promises!

Sein, don’t forget without payment in shares it is unlikely all of the drilling would have taken place (hopefully raising our end game value far higher than short term 50p dilution)
Wondering whether to by back the 21k shares tomorrow hmmm

It was an outburst about the 4% remaining sellers!
I am sure it was out of frustration and tbh it’s probably as much me be frustrated that whatever progress we make we are always chasing!!
Still tomorrow is another day, keep the faith!

Nero, I know only too well and we should get confirmation of becoming a producer so no contract extension required.
Think I am just getting frustrated with Mark as timelines never seem to be met.
I look at Calibre and Mako producing and think that should be us by now!
Trust me I am still fully loaded in CNR, so hopefully I am in a win win!!

I know I will end up probably kicking myself however I have just sold 21k based on current uncertainty with view if it goes down I can buy back in, and if it goes up I will have made money on the balance of my shares.
We will see.................still keeping the faith however being honest Mark's outburst when interviewed gives me concern he is not 100% in control of our destiny.
I hope I am wrong!

All, I think we all agree Tester is no fool.
For all we know he could deliberately talking the share down re politics and RB selling, only to buy in cheaper and make money.
I am not saying that however lets be truthful, we are all faceless and have agendas with our investments (and no transparency or accountability).
I have traded over the last few years but equally am very confident in my own position with CNR now.
If I wanted to invest more I think talking it down to a lower price would be a great strategy!!

Agree Punter, and in my opinion the gain on CNR will be far greater than a producer where the POG is already built in.
I certainly wouldn’t sell now and risk losing the gains!
48p is a bargain with limited downside and huge upside!
Mark has confirmed RB isn’t selling anymore, in under a month we should be VERIFIED as a producer, and we could/should have bonanza grades to announce!
Someone is mopping up any sales at the moment hence the SP.
Just my humble opinion!

Was there any mention of drilling results today?

Hi ICB
I haven’t watched the webinar either however I have copied the following from a posting on ADVFN

Yes, the 4 % were mentioned and also the fact that land is indeed a non-issue. As I wrote here a while ago we could acquire all land immediately at a relatively high price, but Mark prefers to save money and go the legal route. Another interesting point was that Ross Beaty did not sell any further shares after the SAG mill purchase was announced :) So, all in all a very positive outlook.

Typical, I have been held up in meetings!
Any highlights or new news from today’s presentations?

Have to disagree with you electric, it may be predictable re timing however giving 1.2m options at 48p on top of last years takes the p-ss
If the SP goes up to 1.48, Mark gets £1.2M, on top of the other options still open....1.2m options is nearly 1% of company in one go

I have to agree, whilst I have always been very positive to Mark these options are becoming a joke and a reward for constant poor SP. If I wasn't so confident in CNR tbh I would probably sell in disgust, but knowing my luck if I do they will shoot up.
If no news before tonight I agree it will be same old, however now we need substance not words, albeit it would be perfect timing for them to announce such rewards today only for mega news to arrive in next few weeks...............hmmmmm
Suggest Mark is questioned on the gravy train of options tonight, equally rewarding non exec Directors so richly seems odd .............that is unless they are in charge of the remuneration committee.
Rant over!!