Member Info for Punter64

Yep, forget about that!

It has already been made clear that all of the land at La India (Mestiza, America etc) will be sold as part of the deal. CNR does has some completely separate concessions elsewhere in NIc such as Rio Luna which was drilled in the past by a different company and has potential based on those results.

A necessary pause to get rid of those happy to sell at this level for a quick profit before the next leg up. I'm fully expecting this to hit 30p either this week or next.

DDD I presume you meant 'don't think' rather than 'do think'?!

enzo, in a nutshell, CNR is currently in the process of selling their assets. Nine companies have signed NDAs and two have made undisclosed offers. A top Chinese gold producer has just been on site for eight days and met the Nic Gov. Phase two of the process is just underway to finalise any bids.

Once warrants have been exercised the full dilution could reach 240m shares. Condor expects to get anywhere between $100m to $200m for the expected sale of assets which equates to 35p - 69p per share to be returned to shareholders . So for those buying in now this looks a decent bet for a two or three bagger. What will happen to the money raised from the exercising of the outstanding warrants? I wonder if that will also be returned to shareholders. I suppose it depends what plans if any Big Jim has for the CNR shell.

Just reversed losses and steamed back over the $1900 level

There is bound to be some selling into the rise but with the prospect of a double or triple bagger within the next month or so firmly on the cards on what we know, this should continue to trend strongly upwards.

Seems to be someone snapping these up in 10k or 15k round numbers.

https://www.youtube.com/watch?v=maSteRYRpiU&ab_channel=ProactiveInvestors worth a watch for those wondering what the fuss is about here

4th on the top risers board so far today. This is becoming a happy habit, lol

Well whether it happens today or not 30p looks nailed on in the not too distant future. CNR has already had two offers so a bidding war looks likely. The Chinese company that spent eight days on site last week will have to up the ante. 60p will do nicely

Booooooooooiiiiiiiiiiiiiiiiiiiiiiiiiiinnnnnnnnnnnnnnnnnng!

We know from past experience that, with limited shares not tightly held, CNR tends to fly once demand picks up. With a potential double or triple bagger to be had in a couple of months there is every reason for strong demand to continue

23p paid. Looking very strong for a big rise today

It wouldn't surprise me if we see 30p this week.

I would prefer a complete sale of the company too, but I think that is unlikely. I don't mind as long as all proceeds from the sale/warrants is returned to shareholders

EL, yes I agree with that. I just wanted to put out the 'worst case' scenario. Still a bargain here if all goes to plan.

Once warrants have been exercised the full dilution could reach 240m shares. Condor expects to get anywhere between $100m to $200m for the expected sale of assets which equates to 35p - 69p per share to be returned to shareholders . So for those buying in now this looks a decent bet for a two or three bagger. What will happen to the money raised from the exercising of the outstanding warrants? I wonder if that will also be returned to shareholders. I suppose it depends what plans if any Big Jim has for the CNR shell.

What boom?! Told you. Good afternoon.

Booooooooooooooooooooooooooooooooooooooooooooooooooom! Here we go