Member Info for Quark3

Unlike your posts BB.

I like the phrase "over one million tonnes of surplus processing capacity remains at our Libertad mill, demonstrating the potential for additional future growth."I still believe we would be a good fit for their hub and spoke model.

We're all rooting for you Big Blue! Go for it!

The IMF have never, ever, made a correct prediction for the UK economy.
Europe is in a similar situation to UK. EU may even become worse if their dodgy banks (Deutsch Bank being prime candidate) collapse. Fallout will also affect us, unfortunately.
Europe and UK's woes were exacerbated by giving away far too much money during the Chinese 'flu, (UK gave away more than we could afford, unlike most of EU), then cutting off Russian gas to skyrocket the gas price, while buying gas from U.S. at 6x the US Henry Hub spot price. Some would call it shooting oneself in the foot, I just call it stupidity.

My God, you're a weapons scientist now!
It is amazing how Wikipedia makes anyone look as if they know what they are talking about.

Seymour Hersh, the Pulitzer Prize winning journalist who was instrumental in exposing Watergate and the Mai Lai massacre in Vietnam has already given a detailed account of how the U.S. blew up the Nordstream 2 pipeline. It is hilarious to suggest, as U.S. and all of their allies in Europe did, that Russia blew up their own pipeline. It is now a diversion by NATO to pin the blame on some "rogue Ukrainians acting independently". Yeah, right. A few guys in a rented yacht, diving 80 plus meters, right under the noses of the NATO exercises being conducted in the Baltic? Seriously? What did everyone expect after Joe Biden said at a press conference with the German Chancellor Scholz in February 2022 that the U.S. would stop the pipeline. Then in response to a journalist asking how could one country "stop" the commercial activities of another, he doubled down and said "we'll end it". Why? Well, follow the money. The current price paid in Europe (it has been much higher) for US gas is exactly 6 times the US spot market price.
None of this nonsense is good for POLY. The only good outcome for us beleaguered shareholders is a rapid end to this war, with minimum further loss of life and yes, that means a negotiated settlement with Russia holding on to some of its gains, however unpalatable that may be.
Too many people on here and other boards salivating from the comfort of their armchairs over the prospect of further weapons being supplied to Ukraine to prolong the war and kill many more people.

Yet, strangely, despite all of the wondrous NATO-supplied weapons (but don't think for one second that NATO is at war with Russia), Russia still occupies more or less the same territory it took a year ago.
We keep hearing about Russia "losing", how Putin is dying/just about to be replaced in a coup/running out of ammo.... and so on. Now that IS astonishing.
We all know that when the inevitable peace settlement occurs, Russia will keep the eastern areas Donbas, Luhansk, Donetz, Crimea. The only question left is how many more Ukrainians and Russians need to die first. Why not cut to the chase and get straight to talks now?
The Americans are in no rush to finish the war, why would they - they can sell their gas to Europe at 6 times the price it is in U.S. and they keep Russia busy and spending money. Win win for them. They will fight this war of freedom until the last Ukrainian.

I certainly hope your positive view is the right one ICB888. I understand that MC cannot provide a running commentary on the sale process without jeopardising the sale, but my patience is wearing thin because he actually told us that he WOULD keep us updated! Surely it would not be an issue to say that the process was on track (if that is the case) without any more details being disclosed? If it is not on track, then I understand that they may need more time and will be in no hurry to give out an RNS. They cannot tell us one thing then do the other without us thinking that there could be a problem. I remain fully invested here, but underwater.

Nero, clearly, his answer must have been "NO"!

I am very grateful for the excellent discussion on the board regarding the offer, especially the valuations suggested by DDD.
However, at risk of losing out I have decided not to take up my option to buy. It would have brought my average down by 5p, but I cannot bring myself to put more money into CNR. Still hoping for my money back, maybe, but my trust in the directors has taken a hit this year. I hope I DO miss out and regret not buying, that would be the best outcome!

Even with the most jaundiced view of the company, this can not by any means be classified as bad news. Any firming of reserves is good news. The price is ticking up, but it will still need the long awaited FS to make any serious impact.

I understand why Saj123 is confused, because so am I. Yes, Mark has repeatedly told us that the land is not an issue. Fine, I believe him. But why did he also tell us last year that all the land was bought, while we all know that "only" 99.6% is bought. It would not matter, but that 0.4% is the gold vein itself. Surely it would not jeopardise any ongoing negotiations (if there are any) to give us some clarity on this issue?

Do we know for certain that he is leaving? He is still listed as CFO and he did not mention relinquishing that position when he takes up his CEO job. Perhaps 90% of the work to finance the build is done already and what is left he can do in his spare time.

Anybody who invests in pre-producing gold mines in Central America has to expect the ups and downs. Mostly downs for us, unfortunately. I am disappointed of course, but come on - we expected a fundraise sooner or later as the main financing cannot come before the BFS. What I am puzzled and a little worried about is that the BFS was originally promised in Q1, yet now, here we are in mid year and according to the release, the funds are going to be used for the BFS! That doesn't add up to me. Why promise the BFS if they didn't have the funds? Can anyone shed light there?