Member Info for munchbox54

Cambells. I share your thoughts with nothing happening but don’t think it will be 3 months until we find out. If it was a major acquisition or investment of $200m then yes the DD would be far greater and for longer.... the fact it’s a simple toll agreement with minimum production quantity of say 25k oz I don’t think it will be log before they announce it. Also the fact it’s open pit and easy to mine, samples are being tested probably through the mill itself. Rest assured there is capacity but it’s if they agree on the terms MC has given them ..... if they weren’t happy with the terms it’s wouldnt have got this far .... as I said before it’s all AGREED but subject to test results.

Slim, if anyone deserves a good return on their investment it’s u mate but I can assure u anytime now the toll agreement rns will drop and market won’t kniw how to react. When it ends up top of the leader board u will get other traders buying in .... I’m guessing a 30-40% jump on the days close to around 35-37p with an intraday high of 45-47p. MC did say EARLY part of H1. For me that’s March onwards. Tick tock

If they agree the terms then it will be a matter of time before they agree the full blown TO. Just my opinion. If toll mining doesn’t come through then it’s a long slug for the rest of the year. Come on POG .... keep rising !!! $1450 major resistance and if that breaks with ease then we’re flying north and it’s back to the $20-30 swings in the price !!!

Cheers frenchie. Top man !!!

Anyone got link to the last interview where MC talks about the toll agreement ?? .... If the seller is ifc it’s not pushing the price lower so it’s all good

Good job your on the same page as me. Last time I was here I got shot down because I said exactly what you did ..... they don’t make a penny and what’s a big red flag and I said this 4-5 months ago is they never announce the financial details of any so call DEAL they make which should send alarm bells ringing. I can see this plunge soon, ricketts is very good at what he does n after listening to him I’m sure he could sell sand to the Arabs..... good job they have raised at higher prices but this has 40p written all over it ..... at best. I think lower come this time next year.

Agreed tester. The key here is MC probably knows who is selling so will wait for them to clear. Gold is boooooooooming !!!!!! What a time to announce a deal with B2 tomorrow morning as gold hits the headlines.

Tester. Why would they not sell at a higher price with gold rising ?? Any deal with B2 would involve an agreed split on the profits and if gold is higher then they BOTH make more money ! I don’t think MC will be held over a barrel at a hedged or fixed price of say -$1300 when gold could easily hit $1400 bythe end of this month. Still either way I see CNRas a sitting duck for a full blown takeover. AISC of $700 and gold touching $1400 soon .....hmmmm

After a long time being invested I’m the first to admit I got it wrong , my initial investment was based on the same model as blinkx .... remember them ?they were a video search engine but there was a need ..... The model was to announce regular deals and hence building cash flow.... mwg have failed on a grand scale .... with months n months needed to secure puny deals worth a few hundred k at best is very poor. .. The fact they couldn’t raise the recent money at 9p shows they somehow duped sunup with their fancy offices to part with £550k.... imagine if sunup didn’t invest ? Lights would be off here. ... Then I see them forcefully beg for money and get it at 6.5p but give options of the same amount at 9.75p where by the company raised £550k for 10% dilution with further FREE options at 9.75p ..... before u guys throw it dummy the investor doesn’t pay the 9.75p for shares ..... they get another 10% FREE at the price of 9.75p so in theory they sold 20% of the company for 550k suggesting a valuation of £3m for the company ..... half of today’s value. .. Although my contact has assured the backing of a pass it’s far more complicated with The original agreement many years ago I’m fearful they could delay it again ......IF THEY DO..... big if .... I’m telling you guys now ..... MWG WILL GO BUST if the Gibraltar contract does not come through. I’m hoping it does but just for the record .....im selling all my holding on the rns they have secured the contract !!! Just my opinions n thoughts.

$1325 And rising !!!! Needs to hold above this level all week to form a solid breakout. It’s now or never for the toll agreement but with gold at current levels the bank deal would also look very attractive. Looking good here !!!

This is the key. $1320 is seen as a key resistance level and a break above it will open the doors towards $1400 and for me personally that’s when gold stocks like condor will rally regardless of toll agreement or not. $1400 and above will be party time and many on here don’t need to be told how quickly the CNR sp can travel north.

Slim shady. I get it mate but atleast the proof is on the pudding and that being the permits etc etc. As I said before they could put a for sale sign up today and be sold tomorrow so I think it deserves a little more patience. Good luck.

..... before the storm. Look fellas. I was like most of u, optimistic and then fed up it’s taking this long ..... I also remember NOT buying at the highs because I didn’t have the money then ...... I would be 80% down ..... the fact is good is present and the marke cap is peanuts ....... and in Lehman terms it’s peanuts also. They can sell it anyday of the week atleast 4x the price so now that one become calm and take a few happy pills every time I see the sp I remind myself that one day it will change my life ...... hopefully.

25.5p

Seingred. Personally I believe it was between the 3 month agreement or raise the £1.75m to test the product and go for 2 year deal. The 3 month does absolutely nothing financially and proves up the production for a single qtr which in lining terms is less than peanuts. It’s mid Feb now and soon I’m hoping to see a push past the 30s and then we will know the rns is close.

Fair points n good luck with going through the 16 pages. U missed the 2.2m oz silver we have aswell but hey ..... let’s chuck that in for free !!! Lol

Electric lion. The funding is easy once they agree the toll mining and PRODUCE gold that’s profitable as banks will fall over themselves knowing its a proven process and with future uncertainties then banks would invest the full $110m as debt. If we can use the toll money to prove up the new concession and other resource material and bring it up to say 3-3.5m by end of this year and towards 5m+ by end of next year when agreement ends then I’m sure we will be sitting pretty. Patience is key here but the toll agreement needs to be done ASAP

Frenchie. To sell that many shares in such an illiquid stock requires them to notify the mms. I suspect that the decision to sell the shares was made probably a month ago hence the stalemate in the sp. also with such a holding and to prevent insider trading rules etc etc the market list have known a while before hence not pulling out of the sale regardless. If they have a board member on the bod then that shows u it was necessary for them to sell with the need for funds. Either way as aguila previous post suggests we are in safe hands here.

Cheers mate. Appreciate the feedback. Am still here. Hoping for the March planning meeting to pass this without any issues as I’ve been told by my contact that to eveh award the advice works they had to informally go through many channels within the government so there’s not red flag as of yet. I will keep you guys informed if I hear anything. Just shows you that if your honest and have patience with professionals then they do reply, glad to have assisted. I also emailed the finance director and he assured me that the company is making strides and said that each contract takes a long time to agree / complete because they have to install the technology and the buyer wants to see it work for weeks / months before committing to it.

Thanks Puggey1. I’m just catching up with all the messages. Had a new arrival in the house and it’s been hectic. Appreciate the head up and my contact is very sure and sincere. Shes explained the design to me with a green done shaped unit that covers the entire area. It’s submitted with planning agenda on March to formalise the deal. I’m happy to ask them any questions I guys may have. Hopefully the few that did doubt me will now acknowledge that I’m only here to help n makemoney.