Member Info for Punter64

Woof woof!

Agreed! What did Dan Betts know about building a mine at Yanfolia in Mali for HUM a few years back? Answer =nothing at all. So he hired someone who knew what he was nothing, they raised the money and built the mine on schedule and within budget. HUM is now building a second mine in Guinea which is due for first pour in Q2 and so far has been on schedule and on budget. Clearly with the right people in place these things can be done. Onion Heads lame excuse that 'we are not miners and we don't have the know how to build a mine' is simply a cop out and ultimately has destroyed the potential value of CNR. Great shame but that can happen when you invest in a company with poor management. Ross Beaty realised Onion was hopeless and bailed sharpish. I wish I had done the same a long time ago but know I am just hanging on in the faint hope of getting out with my stake in tact.

That being the case what is the excuse for the debacle here? This was over 30p prior to sanction news but despite gold soaring we are languishing at 40% lower. Well done Onion Head! Why oh why they couldn't just hire someone who knows how to build a mine, raise the necessary funds and get one with being a producer is a complete mystery, particularly as we have already bought the mill. Joke management I'm afraid who have betrayed the shareholders with their muddled thinking. Even if this is sold for 40p we wont see all of that in a dividend. If gold hits $2500 this year as some are predicting this 'strategy' is going to look hopelessly inept - selling a potential cash cow for peanuts.

Something is certainly odd today - all those trades (some big) at full ask but no upward movement in the sp?!!

And where exactly have all these amazing replies from Onion Head got you exactly, apart from a near all time low sp of 17p? He has been stringing the likes of you along for many years now. He is like one of those snake oil salesmen that used to feature in old Westerns. Anyway Big Jim is now in charge not Onion.

'The market hasn't yet woken up to the possibility of a buy out at multiples of current share price (easy 3 bag?), we do need some news regarding progress to wake things up a bit.' - It certainly hasn't! Still 3p below the sp of 21.5p when this 'sale' was proposed.

from Yan

Fingers crossed that that is the case bonker but I don't have much faith in Betts to deliver his promises. I certainly wish I had bailed on the last spike to 20p+. Just got to ride it out now and hope that 2023 sees profit from Tan and the new mine safely up and running. You never know I might get my money back

Up to $1910 this morning - surely even Betts can turn a profit atm?!!

Gold up to $1910 but just two trades here so far today - wtf? Onion Head must be getting that massive cucumber ready.

We just need Onion Head to announce the result of stage one and as long as it confirms that several bidders are at the table the rocket fuse should be lit here.. Let's hope that is the case because if not we have been well and truly cucumbered. Touch wood it will be the former.

That should improve the figures by circa 30% rather than 14%. If AISC is say $1100 per oz then profit will be $725 per oz rather than $500 so roughly 31% higher

This will only break wind unless Betts finally delivers on a promise and the next update hits targets

Ross actually came out and said that he didn't rate the management

My brain's a bit foggy due to Xmas over indulgence lol

ICB yeah my mistake I meant the billionaire Ross Beaty! No attempt to deramp (I hold over 150k of these. Nothing I say on here will effect the sp. This will either sell or it won't and I am just hoping to get my money back. Onion Head has been proven to be completely useless and I just wish I had taken the hint from Ross Beaty and bailed a long time ago

Not sure why you are disappointed. Anyone who has observed Onion Head over the years should have expected this outcome. Old Randy joined the party a while back after rightly identifying the great potential here but he soon bailed after realising just how bad Onion is. Says it all.

Anyone got any insight into when the results of stage one of the statements of interest from potential purchasers is likely to be announced? Could be the fuse that ignites the sp. Alternatively the fuse might fizzle out having become damp due to being stuck up a cucumber.

slim, sorry one further question - Did Onion say when the results of the first stage of the process will be announced, before interested parties go into the second stage?

slim, yes if he was in the UK he should have attended in person. He probably knew you were turning up so bottled it. Did you buy more today?