RE: RRR: SXG ANN just out at Sunday Creek. +6.51% MKT CapA$517m.9 Sep 2024 00:50
Seingred:
I think name calling should not start again on this forum. IF, you are posting and you are not interested in investing or have shares in RRR, then you would have seen that the name calling days are over on this forum. So, we, shareholders would be grateful if you would refrain from NAME CALLING especially on a Sunday. Everyone has choices on what they invest in and your CALL OUT of CNR is one in which you said it would BAG on a deal. The sale was announced on 13.3.23 and todate, it has not be sold. Barrick Gold sold their over >1moz gold project in Kenya for US$13m. I cited CNR has just a little over >1moz from recall of the latest RNS. Cipher has done research over 25 yrs and the latest best median case is US$39 per oz. CNR has a mkt cap of some £46.5m @22p+ and IF, you say DOUBLE , then it will be £90m implied TAKEOUT.
That means US$118m which =========EQUALS TO US$118 PER OZ============!!! So, that is what you said and ya think it is better than RRR? Have you not asked yourself WHY the project has NOT been sold for 1 yr 6 mth? ITS PRICE ISNT IT besides the location. In the takeover article, they said A SALE OF GOLD IN NEVADA will attract a different price to somewhere in Africa. So, I think that anyone would read your thesis would need to wonder why you said something like that to ME AND THEEEDUKE? As in, CNR is better than RRR. IF CNR does not sell the project, they also would raise, MOTHBALL or PIVOT which is standard. HISTORIC RAISE OF CNR: 21 Dec 2022 £3.3 MILLION, 4 July 2023 £1 MILLION RAISE, 12 Dec 2023 £1.851m raise, 23 May 2023 £500k raise, 15 July 2024 Option Issue etc. RNS 31 July 2024 Update on sale of gold project -NDA but NO OFFER PRICE etc.
So, Sir, WHEN CNR is SOLD and DOUBLE OF CURRENT MKT CAP OF £46.5MILLION = £90M +, then you can come back and tell us all on this forum, you are the NEW WARREN BUFFETT OF MINING , but until then, the jury is out.
A/C to the posting rules, CROSS POSTING is not allowed ie mentioning another stock to buy as to theeeeduke and referring to me as NEWSBOY. So, you are NOT happy that I have dissected CNR ? But then, I must see given you may be the NEW GURU of mining but thus far, NOT YET. Thank you. Sun, 9 Sep 2024.