Member Info for Punter64

Yes nero that looks likely. As I have said several times it makes sense that one or more of the bidders buy up shares as it will save them money if they buy below what they bid for CNR.

My understanding was that the two recent site visits were done by other companies under NDAs (i.e not by companies that have already made an offer). It seems that all site visits have led to an offer so we can expect at least six offers in total. May be wrong but that was my understanding.

32.5 being paid so another tick up coming.

First we want the news that six bids are in (highly likely IMO as two more site visits have just been done) and then MC announces the second round of the process - finding out who wants to win the bidding war!

If Kou can produce 100k oz at $1000 then the pay back for the mine build is going to be very quick. What does DB then do with the $100m pa profit (just from Kou)? Dividends?!

25th April was the date last year so should be similar this time.

Yep, it was good to hear his honest assessment of what has gone wrong in the past - mainly due to his lack of experience (i.e hiring too many people and too many ex-pats). Hopefully he has now learned the error of his ways and gets things mainly right from here on in.

Also good to learn that DB is expecting Q1 and Q2 at Yan to meet expectations (assuming no unforeseen disaster!).

Agreed, I will be surprised if we haven't touched 40p by the end of next week. Still potentially a big upside for new investors.

32p being paid - this is going higher

Gold holding above $2000 nicely. I'm hoping for a good day today after the strong close yesterday. As MC said an RNS announcing a sale /binding offer could drop anytime now. With that in mind do you want to be out of this over the weekend? ;-)

I am not DBs biggest fan but credit where it is due that was an excellent interview. Great to learn that operationally things are going very well. Particularly pleased to hear him talking about a possible 20 year mine life at Kou and an aisc of $1000. If he pulls that off HUM will be a cash cow.

I'm thinking something in the 60p range. Get to 40p in the next week before on of the Chinese bidders goes firm with a binding offer

Yep, strong finish to the day. Should kick on tomorrow

Agreed, but we may need to churn out those happy to take 100% profit on the 15p placing before the next leg up. There is a decent chance of visiting 40p by the end of next week. Certainly everything is very positive at the moment.

Exciting times. Gold pushing on too.

Agreed, 40p this week IMO.

Err, actually he said a knock out bid could happen anytime. Not sure what you were listening to?

PDP, my expectations have also gone up on the back of knowing that two Chinese producers are bidding as well as two tsx listed companies. If the two other companies doing site visits join the bidding process I am now thinking £1 is possible.

Agreed DDD, particularly if the buyer wants CNR lock stock and barrel