This a shock to the system, with all the new contracts and past deals, would not have expected this. The products are very good and has good potential, Time has done a lot of talking and have won awards and maybe it is time for another company to take over and push the product in the right manner. Hopefully a take over happens. Good luck all
I have no shares at present, but am quite interested. At present they have confirmed at least 1 millon oz of gold within a 20% area, when or if they announce what they believe they could have near 15-20 million oz of gold then thing will move and they will get bought out by the big boys. The same happen to Moto gold Mine.
with the amount of shares issued how can anyone make money, this company would need something amazing.
This company has so many shares issued, unless a very good contract is obtained then maybe a good rise. At this price it does look very tempting, but I personnelly do not know much on this company or if there future is secure.
At present I have no shares, but if this company delists you do not lose your investment as behind close doors business should run as normal. if the company goes bust then yes that will be a different issue. The reason I know is one of my shares is not on the aim but is still working in the back ground until they decide to relist. I do not know much on this but can not buy as the spread is way to much, it would be best to ring the company and keep close touch with them, as you might get a bit more information. Good luck.
Does anyone know when they would expect to start production.
As long as production is still continuing, with the price of gold today, once this BC problem is resolved and they announce figures this will bring cmr back to life.
An extention can be put in place, so not does not mean the end.
BC must have under estimated CMR's capital, how else can production still continue. Taffman like you I also thought this was one of the stronger mining companies to go for and I am still very confident, again more and more patients is required, lets all hang in there.
The wait will be worth it, CMR are doing everything they can, there is a lot of pressure the company is taking and our support shows how much faith we have, there hands are tied at present with BC. I am sure we will all look back and as a reminder the JV that one of the major large American companies are very interested in, have given CMR there reassurance and also proved by handing a large deposit to CMR that the JV will go ahead.
unitl they sort things out with BC, only then movement will happen.
Chan well said. my thoughts only, If CMR was going down this would have been announce by now, but hey it is taking a lot longer, to me that tells me more negotiations and deals. My personnel view is CMR are still fighting as they have a lot to fight for, so much ahead. We can not buy or sell we are all in the same boat lets keep the spirits up.
firstly congratulations, I believe you will be fine and all of us. lets just wait and see.
I see this as good, all RNS's go through this Nomad, who deletes and has the final say what gets announced. CMR's RNS's have not been great may be because of this Nomad. CMR have had enough and what changes. Only my opinion, I have great faith in this company.
This is what I have come across from another site (I have copied and pasted). Have managed to talk with CMR this morning. Obviously this resignation of Ruegg is another problem to deal with, but they feel confident it will be sorted before the 30 days. I understand the company wanted to release an RNS as to what the overal position was with production and refinance, but the Nomad wanted BlueCrest to agree it as well !! The company felt that the information they wanted to release did not need any agreement from BlueCrest and to have the RNS released, Nomad disagreed and resigned. My personal view is this also could be a blessing in disguise for CMR as Ruegg have not given the best of service here for a while now. Company have to wait until next week before BlueCrest will confirm an appointment to discuss finance situation. In the light of not having a Nomad around for a few weeks, then it may be advantageous to look at the company web-site on a regular basis for any information !! Things are happening so I am told guys, but due to the time now to organise another Nomad, as well as the ongoing saga with BlueCrest, the directors may not be able to answer all the extra phone calls they are expecting. Their time will be best served to the shareholders by getting this cocktail of disasters sorted and the shares back trading again within the next 30 days.
I can under your fraustration, next week CMR will have to announce something. Hold on.
These next 2 weeks is the crunch, make or break. I personnelly would be sad for CMR if all went wrong, but something tells me CMR will pull through. The amount of work put in by CMR deserves a fight to the end.
Your comments will be noted. It is a waiting game, CMR still have 2 weeks and getting finance is not done over night, your guess will be a good as mine but it could be a case of choosing the best option, I would believe with what CMR have in Colombia there would be more then one approach. I personnelly believe they can pull it off, we just have to wait and see.
The below is a reminder of what CMR have to come. Colombia 1) El Cinco Mine, CMR also has a further 5,500 ha of licence applications surrounding this mine for further exploration. 2) Quintana, with findings of an extra vein. 3) The Three Hills, substantial amount of copper based on the Three Hills project 200kms southwest of Cali. 4) Mina La Linda 5) La Rosaleda 6) La Pepas Peru 7) Patacancha project Spain 8) Masa Valverde Bulgaria 9) Rosino 10) Gornoseltsi 11) Dobroselets From Equity Growth Research CMR is arguably heavily under valued for a company which may be sitting on one or more million ounces of gold. From Proactive Cambridge is also in joint-venture negotiations with a “major gold producer” regarding two of its other gold mines. Colin Andrew did not elaborate, but confirmed to Proactive that the company hoped to be in a position to update the market soon, and hinted that El Cinco and Las Pepas may be larger than initially thought. There would be a lot of other companies including Bluecrest that would love to get there hands on this ??
This is why the post is very important, and any information given should also be researched by the individual taking it. I have shares in CMR, I will be honest I was quite worried, but with the research I had done and knowing full well what they have ahead of them, constantly ringing the company etc, CMR is worth saving. We here good news and bad on the post but most importantly we all are learning, I personnelly feel confident about CMR. All opinons should be taken with an open mind. Good Luck everyone