Member Info for Seingred

Yela, majors accounting works in a different way to aim minnows. If this doesnt work out for them they just bank the loss and move on, or mothball. many things could happen in the next 4 years, including politically.
Just maybe many are over optimistic on valuations?? For me the idea that this will have a £100 m m cap anytime soon is fanciful when I look at the goldies I hold between £100-300 m.
Good luck.

Simms, but shanta have cash incoming and about to double it. If they cannot attract a bid in the region some expect for cnr why do we think that cnr with no production, sanctions and still not all the land is going to. This is to all intents a fire sale simms, if it is not sold the chances of cnr progressing it are very small. You do not know that it will not be sold under £100 m . Shanta have a production record and cash flow unlike cnr. Because mc mentioned 1-200 m doesnt guarantee anything. Many of you have been parroting his sp over £1 for years and here we are at 16 p.

On 30th November 2022, the Company had a cash balance of US$2,906k (31st May 2022, US$4,221k). As at the date of this announcement the Company had a cash balance of US$3,549k.
Rns jan30th
Cash burn 31 may - 30 nov. $ 1.315 usd
Cash burn 30 nov- 30 jan. $ 672 m usd
3549 plus 2 m - $ 5549m usd
I think it reasonable to assume that if it was over 4.5 m they wouldve stated more than 4.5.
In excess of 4 m suggest between 4and 4.5 m. Suggests to me 1 m burnt since end of jan. ????

5-0, I find that a lot of what book 5 says makes sense and dont write off what he says. More sense than a lot of the hopeful drivel on here for years. Been saying with the geo politics china is the most likely suitor. Just remains to be seen how helpful ortega is. Chinese has to be his preferred destination. Only fairly recently that we heard about co op from mc whereas book has been talking about it for years. Interesting though that the minute book gives a positive bone everyone jumps on it lol
Geopoliticals are still deteriorating, nicaragua again joined belarus, syria, north korea supporting Russia in ukraine at un vote and have stripped hundreds of opposition ,writers etc of their nationality. This sleepy joe rubbish on here is more hopeful bunkum. The next president if republican will be more agressive whether the orange looney or florida man de santis gets in.
Simms, glut in mining, have you seen first majestics latest figures and sp crash. Expenses are rising rapidly and the gold price is a long way from its ath. You mentioned shg recently, I am in there. When 3 offers were announced the sp rose and m cap went to around £130 m from memory , dropped back to £100-110m now. They are about to double production to 100 m oz and already have 1.8 m oz at around 11 g with drilling ongoing proven in w kenya . The idea that this will reach anywhere near 200 m $ seems pretty unlikely to me.
Some seem to be promoting the idea that we shouldnt hear anything until the deal is all done.That seems worrying to me.means everyone is locked in now until final news whatever that may be mm. Mc did mention updates through q1. I havnt often seen radio silence be great but we will see.

Portfolio recently proposed 200-300% in coming 2-3 weeks, lets see how that pans out!that was over a week ago.
Good news payment but as expected quick spike and fallback. Still up from the 7 s which is better . Looks to me that not much is going to happen over the coming few months while they sort out all the red tape.
Well done nookie for getting 9.5. Of course you may well be able to buy back considerably lower over next couple of months. Perhaps put a marker on that too.
I am still adding shg on lows, they are aproaching 100 k oz production and ongoing drilling in kenya already has nearly 2 m oz around 11 g . M cap £110 m and full ownership of projects. Hard for me to justify part ownership of anza being of similar value or more with no jorc but happy to be surprised. Good to have some safer bets too. Peeps still using a one off spike as some kind of valuation here, mistake imv.
Would be nice to establish a base around 9 p
Bought a few last week but missed the opportunity to sell , was expecting a higher spike . Lets see where we go.
Gl all

Nicaragua voting with n Korea, Syria, Belarus in supporting Russias Ukraine war. Nicaraguan citizenship stripped from numerous opposition figures.
The geo political snot improving. Chinese looks best bet perhaps.

Dukey, having a peek. Currently taking little bits offf the table . Buying the dips on microstrategy and block. Miners do seem pretty volatile so really treating like gold poducers, buy after a mauling , ride the increase wth the commodity price and pull some safety money out.
I am a smalltime trader , no £££ millions in my account so need to be careful. I want a couple of crypto blockchain related shares in my isa . I like trd pays dividend too. I think they are in the right place at the right time.
Thinking if btc drops below 20 k arb will get hammered again. Will think about buying backin then.
Back in cnr around 17 p waiting to see if they get a sale. If sale appears multi on cards but nothing guaranteed. I know you had a nice trade there previously.

Good luck

I hope that’s a genuine Stihl brush cutter and not one of those cheap Chinese pretenders.

Well I remember seeing .80 which for me was nearly a bag and failing to take it unfortunately. Wised up a bit since then. ‘‘Twas probably when frr were going to be getting funding , term sheet etc not too long before the start of cayman case and that Christmas present that keeps on giving.

Dukey, will check out. I haven’t got any spare cash so trading is only way to increase holdings. Also everything is so volatile that gains need locking in. Glad u doin ok.
Will check out those. Will buy back in here if it drops back which is very possible.
Wayne , just over 15 p. Lost a bit previously after buying in high forties and selling out lower so just reclaimed losses.
Been locking in some crypto gains over the last week or two waiting for fallback. Guesswork when of course .
Good luck

P p
The MM's have done a good job of hoovering up all the cheap stock ready to sell back to those on the sidelines for 200-300% premium over the coming weeks ahead.
Cheers pp .

Gg, if you believe in gold, why do you not think that tokenising it will not strengthen it? Everybody refers back to the gold standard. Tokenising it would turn it into a full currency that anybody can access and acquire little by little and trade directly with crypto.
Are we seeing a hint as to what happens when /if sale is concluded. She’ll company registered to the three legs and becomes an investment vehicle , right back where Mellon and mc know from the Hong Kong banking days. Just a way out thought.

Cass. cheers. Absolutely coming. Your liittle 18 year oldswill be able to add a bit of gold on their phones along with their eth. Gold will absolutely be a currency, be able to pay for your nandos with fractional gold . It will be what bitcoin isnt really, a currency. Mc correct it wil be something lie usdt. going to be good for gold and goldies. CUrrenly converting bits of crypto into usdt but could be using gold tokens when wanting to exit some crypto.

Dukey, how u doin ?
Just exited here for a bit . Been in and out a few times. Bought back around 5-6 p. Had a real good run since Xmas in crypto and number of shares and thinking everything a bit toppy so been pulling bits out in anticipation of a plummet. Could be wrong of course. Hope u doing ok.

Jackbal, concur. Three aim explo companies, cnr , aaz and shg all listed around 2006 . Rob mentioned aaz and shg recently and aaz moving from a few p to 180". I abought into both around 4 years ago or so. Shg at my favourite 4 p price. Aaz around 40 p. What needs stating here is that their real momentum was not after drilling , it was when approaching debt free proven production and dividends and happened to coincide with Gold price move to ath. None of these companies are higher than the price they listed at cnr being a disaster for lthers and still not in production.
In the case of solg, I remember its tearaway to forties and its retreat back to where it started back 11 years agoor so, does anybody think it is good investing to wave goodbye to massive gains and sit around for 10 years waiting for it to return. For sure Buffet wasnt refering to minnows on aim or minnow investors , but one thing buffet and any other respected investor comes out with is bod skin in the game !!!
Pp is busy ramping wsbn atm , I bought at 4 p again, and sold last year at 16 p , rebought lower and again sold on next spike over 13 p and re bought gradually much lower. They are currently under 4 p.
I think when drilling starts showing results we should see some decent movement and personally I will continue my strategy of sell some on spikes and wait for pullback.
Not for everyone but every bb has posters claiming that just sitting on your hands is the way. I see little signs of it in non dividend paying aim shares.

Pp, yes I like facts rather than rhetoric!
Rob, there are no 20,30 m surrounding reserves, there are prospective areas that CEO’s can estimate but reserves are a different kettle of fish that take the best part of a decade to get to production and 3 m oz in the proven reserve is the benchmark . There you go I will be your messenger boy.

Cegamer, I bought back in just over 17 p having sold most around 30 p on news of sanctions and seen calibre tank the previous session. I believe Mellon average is mid 20s fully diluted. I may add a few more here if we head back to around mellons price of 15 p. Personally not heavily in here but hopeful . Good luck .

Pp, I am aware of the buy in terms.
Buy out option forms part of the JVA.

Aware this is likely being the area they are negotiating on alongside the core and drill data and what the internal models show in terms of potential size of resources as ultimately that will dictate the buy out figure
This paragraph, is it part of your copy and paste or your words? Just to be clear. I am not saying there will not be any reference to buyout because you would expect there to be some protocol for the posibility.

Nero, you mention inflation. Inflation has been gathering pace since cnr calculated the bfs last suer. It may have been formally released in nov in canada but it was calculated previously. Sabina have already paid for almost all kit. What I dont know is have they gone through full funding for mine completion if they have procured 97% . How much have they spent so far towards production? There are encouraging things in that article like the lack of permitted projects and the advantage of further resources etc. I think that the difference is scale and jurisdiction. At the end of the day, it is worth what someone is prepared to pay in this scenario.
You say that cnr bfs was to give cnr the quickest route to profitability not demonstrate the upside to a potential aquirer. and here we are up for sale having spent a sum larger than the last raise on a mill . What does that say ?
If sold it will obviously be considerably higher than the m cap , just remains to be seen if,when and how much. I hope everybody manages to get out at least at breakeven it is the least longterm holders deserve not having the benefit of wages, discounted warrants and options.

Pp, just to illustrate how you state things continually that are not fact. You say cosmos does not have the potential to multibag your money like gold or gold explorerss. Cosmos is up 238 %over the last 4 years and if you sold at their peak was upn1000%. I also get over 6% on it which although not up with inflation is better than most opportunities. Now if you bought gold near its peak in 1981 you would have paid around $800 , today if you lived long enough to be still holding it you could sell it around $1850. even you can see that £800 in 1981 was worth a whole lot more than £ 1850 today . I bought my first house for 20 k in early 80s and would cost around 200 k now 1000% increase, gold little over a 100 % increase in 40 years. You can obviously argue that gold is due a lift indeed and hopefully that is what we will experience but nothing is guaranteed in this long distance journey and stating it is is just hopeful punting.
I have asked you to post details of the buy out cluse you have mentioned a number if times , could you actually do this because I would like more detail. Cheers.
Rob, I am still waiting for details of 20.30 m oz resources?
Most gold explorers fail pp. agree omi free carry in many respects is good, but not all and when the cash runs out next year then the printing will start. Of course our other projects may turn out to be inspired but that remains to be seen. The likelyhood is that there will be little cash to progress them at any speed , or a lot of dilution. I view current level as a decent risk reward but since my average is lower have no real need to buy but if I had bought on any of the spikes in the twenties, current price would be a good time to buy.
Your generic rhetoric about traders and trying to get an entry. I could have bought under 7 p not so long ago and did add a small ammount why on earth do you think I would be needing to resort to sculldugery and why do you think I am stupid enough to think that posting on a bb would achieve this. Such guff.. I am fully loaded and waiting for the next spike. But if you are a trader then surely you have to also ramp to get your sell price???? Hm now thats interesting isnt it ??