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Any price sensitive info should be released pronto so the update could well be another progress is taking longer two parties yada yada. However we should be encouraged that mc apparently has moved to a tax haven ! Does anybody have a clue what his current sale incentive looks like?
As far as we know we have an asset sale, if it were to convert to a takeover I assume the takeover commission need to be involved which in turn I would imagine should be rns as with any loi etc.
https://m.youtube.com/watch?v=UXKak8AzBpg&pp=ygUhTWVtYmVycyBvZmZzaG9yZSBiYW5raW5nIGJ1c2luZXNz
So, cash burn for the last year is $2.6 m with little exploration. Last raise was $500 k less costs for 9% dilution. We can assume higher costs if any drilling is to be done . Interested to know some estimates of how much drilling will be done this year. Costs etc and how it will be financed. Looks like it all hinges on a pretty big re rate otherwise another 30% dilution just to keep the lights on this year. easy just quoting golden tickets , ggp , 2 largest majors but at the end of the day it boils down to time and money. Any delays makes next dilution closer still with no real progress in oz.
I am still adding little bits on pullbacks and will wait and see how things pan out.
Jack. My spare is going clsk and Mstr and cipher. Dyor obvs😜
Since the strategic review there has been £7 m raised and almost burnt and more options , etc added. I don’t discount another quick raise yet possibly most likely the last of mellons cheapest warrants.
Something that hit me in the recent pump piece. Mc has joined the other non dom directors in tax haven. I find it unlikely that mc holding will be in profit and he has had years to fill his isa pension etc. do we assume the undeclared nature of his bonus will put him in need of non don status?? The piece also failed to address the fact that until notified, it is an asset sale. I imagine all relevant options and warrants when cashed will could well be a nice trough for the bbod to award themselves for their sterling work in shareholder appreciation.
The problem in this country isn’t paltry support for peeps incapacitated it is the tax dodging non dom culture that runs the country and keeps its wealth offshore.
Slippy. Yeah almost a de ramper lol. Mind you the sp did reach around £2 then and very much smaller ammount of shares in issue.
I thought it was first Cnr with the outrageous predictions.
Simms, Havnt sold any for a bit, in fact bought some back higher but getting itchy to let a few go soon if we reach 35 p.
Hi cf. reserves of over 5.5 m oz as opposed to Cnr 600 k . $1.25 b construction complete and sub $1k aisc. Also 14 yr production rather than 8. 1 m oz production not too far away for equinox. Surprised nobody sees them as possible purchaser .
I hold calibre and equinox however I still expect it to go Chinese.
888, nice run in newmont!
Simms, it is an assumption that calibre had interest. Personally I have never thought it and I hold there. Happy to admit being wrong on that one if it transpires.
Ortega is moving further away from west and democratic ideals all the time. China is the obvious desired end result and gvnt will have final say imv.
Good to see 30 p breached and hope to see it hold. Perhaps news is close ? I am getting ready to maybe let some more go soon if we move up circa 35 p. There is always the possibility of a suspension on news I imagine .
Sakura, no I am not particularly clever and don’t claim to be but I do have working class common sense and pay attention to clever people for my advice. Not sure if you have aquired the British art of sarcasm or are serious No matter.i am not qualified to offer financial advice but do recomend James at invest answers .
My tips for the last year have been Clsk and mstr straight from James . One look at the charts of both and Bitcoin show extremely healthy movements, one look at Cnr charts show a horror story listed at around £2.70 in 2006. Currently near 30 p. You don’t need mr slipperiness flat hat in maths to work out where would be best to have your cash! Consequently my Cnr holding although in profit is much smaller than crypto .
Anyhow mr slipperry obviously thinks being female is a form of insult so from one lady to another good luck
Arigato
Here’s the thing slippy, there’s not really anything I have said over the years here that hasn’t been right! Even tho the great brains sought to trash it. When Mellon stated his laughable forecasts for production I was the only person to call it out for what it was and say there was no chance. I was right ? Our saviour was wrong! Not only that but when he gave reasons for not going ahead he gave the same reasons I was called a de ramper for giving previously ie too much dilution and sanctions affecting finance . Thus destroying all of the various dreamscape scenarios offered by many posters here for production, ££ so and huge dividends. When I am wrong I admit to it which is more than the majority of dreamers here do.
Clsk still a buy on the dips slippy 😜.
Good luck Jack. 20% down is nothing to claw back . I have seen 40% in a week in Clsk . It’s great for trading. Steer clear f Argo imv. Clsk cipher and riot my favourites on the dips.
This is just one of many shares for me , not heavily in here atm and will assess as it goes along but expecting timeframes to likely lengthen further, obviously depleting cash. Burn has been close to $200 k p m by my reckoning so every extra month is less cash and closer to confetti. Personally happy to buy some if we drop further but will look for quick de risk. Not interested in the golden tickets, ggp narrative.
Good luck to you
Lol slippy 3.93.
It’s a bit like b or rowing money for a development, stating completion of 250 homes in 2023, then in 3023 telling investors we don’t lay bricks in fact we don’t build . We are going to sell, btw we need some more money but someone in the company will lend some at 18% interest rate and have a load of cheap shares on tick. That’s what it’s like!
The more desireable a sale the quicker it should happen. Nov 2022 till May 2024 is a ludicrous timescale to still have no deal.
My maths isn’t that bad slippy Nov 2022 -dec 2023 -13 months. Managed to predict the last 5 fundraises pretty much spot on.
Anyhow good luck