Member Info for Seingred

E l, not looking to pick a fight , just pointing out the inconsistency regarding posting here. Having taken abuse here and character attack for 5 years for questioning the over optimistic posting I think it reasonable . My 5 years of posting on Cnr will bare much better scrutiny than most here. I think it probably a good lesson for many to re read their postings for the last 5 years and reflect.
The buying of mill wasn’t a bad deal at all if you were going to production, however it did cause a lot of dilution for no gain and storage fees. It also convinced many that we were in fact heading to production. Agreed getting fm to accept 50 p shares was a good deal given they are sub 18 p now.

Icb, indeed, my producers have done very well this month. Interestingly so has Bitcoin and crypto generally showing that binary view is misguided.

E l, a couple of years ago in a plug for Cnr on proactive our chairman mr Mellon led potential investors to expect 100 k oz production last year and 150 this year. If he has always wanted to sell why buy a mill at large dilutions cost and why were you quoting lalonde curve etc and why have so many here been making their sp predictions based on production numbers for years predicted for 2020 onwards???
Interesting that it’s on you if you followed the management story of production . Glad I always questioned the general hype then and managed my holding accordingly.

E l, glad to hear you offed at 14 p. I sold twice last year on Spikes at 16p and around 13p. Only sensible thing to do in these aim minnows. However bought back in here from 9-5 p , but original stake was at 4 p so probably let this run now and see what gives for now.

Rob, clearly everybody will not trade as I do so the strategy is no threat. My strategy is not dissimilar to yours only I don’t have or want to inject new cash to increase my holding. If I sell I will at least re buy the same number of shares , generally the full ammount of cash gradually. I am not a trader or day trader etc I just trade when it makes sense. I won’t trade on small spikes, don’t think could’ve caught the recent mini spike and was hoping for more the last time and missed it. Have managed two trades in Wsbn last year , one around 16 p on one spike and one just over 13 p . They are 4.5 p now. I didn’t wait til 5 p to buy but generally re buy in small amounts and see where it’s heading. Of course at some point I may well sell too early and that’s ok if in profit. I don’t often trade more than about 20% .
However , over at Cnr I have sold a couple of times and Re bought at half the price a couple of times which has kept me from being underwater. I traded most of my shares there because of geo political issues that were obviously going to drive the sp down. Same could happen here so worth keeping an eye on the geo politicals. There are times when circs mean a fall in the sp is inevitable and if you can see it coming best to sell. Has kept me out of being locked in under water in Cnr but not a common view.
Best to realise tho that majority of aim explorers lose lt h cash. Let’s hope Omi is the exception.
Hny , this year Been generally rewarding so far in most shares and crypto. Good luck all

Nero, yes ddd has spent a lot of time attempting to make valuations, I have interacted with him over the last 6 weeks in regard. You however , despite your holier than though aggressive posting have really added nothing and have been way off the mark in respect to Cnr . I thought you were going to be getting multiples and dividends etc ?
Let’s see how this all pans out shall we before you can label any one simple, dumb etc. me I am not underwater so you can keep name calling all you like.

C gamer, 25 p is a solid return if you bought 15-17 p. Certainly hoping that we see over 30 p but as always nothing is guaranteed, plenty of more guaranteed returns to be had imv.
Still a lot of questions . If Mellon has a baseline figure but no offers match it , then what ? Shg had 3 offers and none suitable and they are producing soon 100 k oz with a m cap less than some think Cnr will receive. Sometimes simple common sense makes sense. Shg even with a healthy premium would not have seen £200 m how can Cnr with $105 m to spend be worth anywhere near that figure ??? And then we have to get the cash out of the tax dodging non doms . Not exactly guaranteed. Meanwhile most of the market and crypto is storming. I have some here at 17 p and May add a few more but don’t fancy being big time in here , too many variables.
Good luck

Ce gamer, well we weren’t all saying ££ a couple of years ago. Trouble is too many ask no questions and assume the best always, and closing down debate to the contrary, and still doing it????
Hope you Havnt got too high an average and manage to see Breakeven. The sensible thing here has always been to sell when a placing is a month or so away or bad news incoming then buy back later.

Good luck

Easy p , I am not so bullish about being in hoc to majors but the fact is that Omi bod have no serious credibility to be able to raise the finance for this level of project so it is the best and only scenario. It is however a very long term project and personally I think it sensible to be proactive with holdings and trade when sensible. Decent rns today , we wait to see when $2 m arrives and when drilling commences. My feeling is , if pig carries on we could see more upside yet.
In regards to holding majors, it is always good to have some dividend payers, my experience is that I have had better moves from smaller producers , Cey, Shg , aaz and poly . All decent do is and was buying last year during lows. Questionable how much upside ther May be in majors compared to possible gains her. Best to be spread across many imv. Copper and lithium are on my list, less cyclical than gold imv. Rio a good divi payer but you not gonna get a multibagger .
Good luck whatever way you go.

Xx, a doubling in sp on news is my hope then out . Good luck

Ddd,
Proven oz 600 k going to give $100 p oz $60 m
2.4 m - 600k 1.8 m Allowing $20m p oz $ 36m
Mill etc $6 m
Total $102m
Give a 20% leeway $ 122 m
I have deducted the proven that was converted from total , do you agree, also reduced $30-20 for ok and $160 to $100 for proven which I consider realistic in the circs. Then it is debatable what the new Jim hierarchy do with the proceeds?
Personally hope to be out before finding that one out.
One thing is for sure, there is absolutely no way Mellon has organised 2.5 options that will not be redeemable. The only question mark are some of the higher priced warrants. The company could roll on for years yet paying out wages, just needs cash in the bank. Perhaps an i of man registration in the future and total change of direction. May even become a blockchain investment vehicle lol .

Ccc. Not tolerated by some on here . Personally always happy to be thrown something to check out. I am in Kdnc and having a nice little ride there. Looking to have a bit more lithium in the pf. Copper and uranium working for me too.
Been a nice little op on crypto related recently . Arb and Obc . Obvs timing crucial as ever. Been a pleasant new year generally .
Will take a peek .
Good luck

We’d be rich if it wasn’t for the pesky dewampers lol.
You have got fiddly squat correct. In fact each time Zi have called the next dilution you have called it de ramping. It’s not decramping you fool it is using your common sense. 4 deramping dilutions lol. And then you try spinning it when it happens. You really are something else. How are your £ plus predictions looking??? Oh yes mc said do . Muppet

Cf, thought for sure you were sherwood ont other channel.
Sorry to hear you Havnt got lower average. Hopefully you have some other performers.

Hey joe, you know where u can go.

C f , I feel revisiting finance after an open offer that only achieved just over half its limit is unlikely. The advancing pog is helpful. Agree that a merger would be a possibility but as you say what pushes the sp north prior? Perhaps a jv . Basically more dilution but hopefully a route to production and income.
Re sanctions blowing over, there is still the possibility of them being furthered. The gold industry is one of the top exporters but a relatively low employer and not particularly USA exposed whereas the USA is nicaraguas top export and import market in the free trade agreement. Anybody who wants to pin sanctions on Biden is fooling themselves and should look to Cruz and Rubio to give a good idea of possible Republican policy, particularly if the next president should come from Florida . But hey hopefully a deal is concluded before that possibility.
Cf Am I correct that your average age is around 24 p and you are a Robin Hood fan? ;)
Good luck.

E l , yes I have thought Chinese makes most sense the way politics are going. From that article it says $452 in Africa represents 60% of m a . So that means around $300 for elsewhere on last years figures . That’s only enough to buy Cnr by some peeps figures but shows a big increase in Africa.
However , Continental was $ 1 b us but at height of market early 2020 for 11 m oz 3.4 m reserves and almost constructed 200 plus k oz mine. I hold Shg and although approached by two Chinese companies with bids neither were considered reasonable and Shg had a m cap around £120 m.
Still a guessing game .

C f, good vid. I think the thing about sanctions is that they are ongoing and the stated aim is to starve Ortega of cash so I am still wary on that one. Obviously it affects Cnr much more than calibre as they are cash strong and getting stronger. I still hold calibre but cautious about getting over exposed for this reason. I added a few more during the mayhem . So is only just above pre sanctions during which most of my other producers have risen 30% so still a bit sceptical. The general market including crypto has been pretty positive this past fortnight.
I have re bought a few here recently but tbh there have been more guaranteed returns elsewhere .
Ddd , this asset rather than sale of the whole bothers me and I will be aiming to depart on any possible good news. Anybody know if there is a minimum price that will be accepted. I don’t believe mc finger in the air 100-200 m guess is very definitive . If the only bid is £80 m then what?

No ce bit of movement. My producers having a party time . Nice start to the year.

Icb, clearly sanctions were predictable, hence why I warned of them. Calibre and mako are producers hence their recovery along with all other producers. Equinox is up around 30% in the last 10 days. Even hum is up a similar ammount. As worked out by bomber on the other channel, with recent 15 p options Mellon needs 26 p to break even.
Agreed, for the first time we were invited to take part in an open offer that was not underwritten and only attracted just over half its full raise. Don’t see how that spins great when every other raise has been oversubscribed. Mellon has plenty of fails along with his billions, good luck with the hero worship. He was trying to entice investors here with predictions of 100 k oz production for last year not too long ago! Yeah I have great faith in him to reward long term holders eek. Must be tempting to load up big for the inevitable multibagger???
I am in around 17 p so far and happy with an out around 30 p . Gla

5-0, I would be surprised if it is any sooner than 6 months. 5 weeks now. Shanta are a producer and not a fire sale . Different scenario it no decent offers and Shg still cap around £100 m. Cnr apparently , with $105 m needed for construction should be worth up to $230 m ????