Member Info for Justone

You are correct Seingred, he didn’t use the exact word imminent. I interpreted MC’s time frame into my understanding. Given his past failed time frames, I believe he will have learnt about giving too an optimistic a time frames, and will now be being prudent. I am sorry if I have misled anyone. Personally I think it will be before the new year. I think the wait will have been worth it, with a higher sales price, even after the dilution, given the gold price increase all going to the bottom line. This is when it counts, all past failings are forgotten, as the assets and gold price now do the talking. I trust the greed and experience of our billionaire investor to get the best deal. We will know soon enough, and good luck to you as well, let’s both hope we are surprised on the upside. I need 50p to break even!

You are entitled to your view Seingred, I was purely giving mine. I think a bid is imminent, my view, and a bid will come from one of the 6. Hopefully followed by a rival bid from another one of the 6. There is nothing wrong with having optimistic expectations, unless you think that only one view is allowed. The market currently agrees with you, but the market is not always right in the end. With gold over £2000 and selling a potential gold district, the bidders might take a longer term view than most investors. We will know soon enough, it might be tomorrow for all we know! Relax, I am quite happy to believe MC’s current optimism , hopefully we will multi bag from here.

My definition of imminent is that CNR is expecting an offer from one of 6, which could come at any time. MC has given a window of his expectations of first quarter. I think he is being conservative due to the length of time the process has continues, he is now managing expectations having been criticised. The bids come from third parties, I presume from the Chinese due to the hint of visiting the embassy. The timing of the bids are outside MC’s control, hence my comment of imminent. The insiders have their extra shares at 15p, so it is all systems go from the company’s point of view. My gut says before the new year, very happy to be wrong, as my bed is now made.

Why not, when you have the insiders buying at 15p, and we have been told that a decision is imminent. With gold at 2000, and big Jim in the driving seat, my bet it is going to be a lot more than 20p! Downside is minimum, bagging is a distinct possibility. Good odds, I say.

At long last some action, the market is feeling a little more positive towards CNR. Not a bad increase considering the doom and gloom talk. Hopefully this is the start, and we get our announcement before Christmas. There has been enough signposting as to the potential from the board allowing everyone to get in and load up. Considering gold is above 2000, I would like 75p or above. I think we will look back in hindsight and wished we had bought more! Not long now.

We are where we are. Looking back at where the company has gone wrong, is of no benefit going forward. The investment decision to continue, or increase holdings in CNR, should be based on today’s facts. The recent RNS and the current gold price. The directors and the inner circle are buying at 15p, non binding bids have been rejected at a higher level. The downside risk is that the market gets bored until an announcement, and there is a temporary fall in price. The upside is that a considerable profit will be made at today’s price. The risk reward is OK IMHO at this level. I am trying to be detached from this share, having been in it for 10 years! I have been badly wrong so far.

As MC said they are not a miner, and have had a reality check! They have brought it to stage of being mined, leaving some profit for the next company to take it over. Time to put it in new hands, nothing wrong with that. He doesn’t have to resign, the strategy has changed. We are now at the point where the rubber hits the road as to value, all those years of work. The market believes 16p, as it is fed up, jaundiced and the general commodity and gold sector is in the dumps. JM believes differently, MC is hinting in the podcast, I back JM rather than the market sentiment, and am averaging down. We will soon see. I can certainly acknowledge your view, better for me!

I can concur with your arguments BenBen, the market agrees with you. I am a contrarian, and follow the adage that fear and greed rule a market. MC I believe is fair, he knows the share price is pants, he knows he has created no shareholder value. He has also personally lost out, and I bet his average is a lot higher than 16p. He is now telling us long suffering shareholders IMHO to buy up as he knows the offers.

Well BenBen all we have to go on is what MC says. Gold hit record highs at 2130 on Monday, US annual deficit will hit 3.6 trillion this year, US treasury’s are being dumped, the world dollars dominance is on the wane, central banks excluding USA are buying record amounts of gold. China is having an economic war with the US, whoever controls the commodities has the power, China takes the long view. I am very comfortable to allow Jim to maximise his and my value of this company. Not long now, and if I were you I would start crowing when you know the result, you are currently a bit premature and you might be surprised! Enjoy the suspense.

It does not look good at the moment, I agree, they have not delivered any shareholder value, in fact the opposite. I have to 3 bag to get any value. However it does not mean it will stay that way! I do not believe MC and Jim are in it for a couple of bags, this is an aim investment after all. The Chinese, the clue, will value gold in the ground in Nic at a higher value. The clues are in the interview. I expect to be surprised with gold over $2000 bucks, but there again I am an optimist! The fact they are dishing out some shares at 15p to the inner circle when they know the level of offers and the interest, says that there is some money to be made at this level. You buy the shares you take the chance. We have not long to wait according to the interview. Go Jim go!

About 10 years, you are right to be sceptical so is the market! What is the downside at this level? I am a believer as there are so many clues. Mc is fair, we could all subscribe at 15p on that big raise. The market is jaundiced and just doesn’t believe, we will know soon enough.

Personally I am pleased that no deal has been done, and yes it has cost us some running costs. The price of gold makes a world of a difference, when you are sitting on a potential gold district, to the valuations. When gold has risen by 100 bucks and you have 5m ounces, it sets the heart racing, when we compare to our current market cap. Yes we have to discount down, but it backs up MC’s optimism, and why Jim is in no hurry to sell it cheap.

I am not at all concerned by the suggestion, they do not need the money now JM has stepped up. It is about fairness, which I like. This is in short supply in the AIM market, but having followed MC for the last 10 years, thinks he has a conscience. It signals to me that there is some money to be made. They know the interest and the offers, on top of that gold increases 100 bucks, and with central bank buying likely to keep the momentum. There is the opportunity at these levels, and MC in his boring way is shouting about it! Let the bidding begin and enjoy the ride, for once I expect the share price continue to rise as expectations increase.

I have similar logic to you dictum, but with an average now of 40p having been buying all the way down for the last 10 years. I even bought some at £1.30 on good drilling results, the heady days. It has been very painful, but I have confidence that I will end up making a profit, especially with gold at $2000.

A very very positive interview, we can relax, this is not going to be sold cheap underneath our feet. Happy days ahead, and the hint was, not over the next two weeks, but early in the new year a deal will be announced. ‘We are absurdly cheap currently’ MC says, and I believe him.

The spread has really tightened from this morning. Looking promising, and the reason why the other directors want to subscribe for 15p.

I know that PC was in Spain a couple of weeks ago. We know that the 30k renewal came in just before the bell last year. If Tolsa don’t take it up, then I am sure some other deal can be struck with A another with the information that has been gleaned from the drilling. It might just be at a higher value! They might even want to renegotiate with the royalties. PC said that the royalties on this were hard to value, due to different grades. Forever optimistic that some deal will be done.

This share price has been beaten up for so long, that investor confidence has gone. We are valued well below our market cap, we have losses developing the project more than our market cap. We have the same directors wanting shares at 15p, we have just hit record gold prices, central bankers buying record amounts of gold. Our timing is good, and we hold all the cards, we are not a desperate seller. Fear prevails, and the time is now right to follow the directors money. It is not going bust, and will multi bag in the new year IMHO. There is little down side risk at this level, and plenty of signs that the selling price is going to a lot higher than 15p. It has been an interesting journey with Condor, sitting on heavy unrealised losses, but have bought some more to average down!

It is Jim taking £1million at 15p, when he knows the non binding 5 offers! So he is going to take as many as the board will allow him. The board then said, we are missing out, we want some at that price! That is how I see it. They know the value, and we just have to follow money!

I just can’t believe the share price hasn’t rocketed, the MM’s have ignored the RNS. There is enough evidence that the values talked about are well above 15p. I like the fact that two of the suitors are two gold producers, would not mind an equity swap to capitalise on higher gold prices. Why put it in lights otherwise? With news early in the new year, this is a low risk investment at this level.