Member Info for Seingred

Chicken, been laid up for nearly a week with a horrible bug so missing out on tongue in cheekiness lol. However there is a bit of a tendency to over egg a very early pudding.
Also hopeful for 20 p plus on spikes with news which is very decent from 7 p .
Regarding , skin in the game, it is the number one on any investor advice when looking to invest. Collective mining bod hold 40 % of shares as a comparison. We should expect to move on when everything is ironed with next phase hopefully. Meanwhile let’s hope pog keeps heading north. Not that we are going to directly follow log but will encourage sentiment. Been having a nice week generally this week with gold and copper producers .

3.6 m will be the proven and probable reserve. Which finance can be sought on. 11 m inferred and indicated. Omi currently how no inferred or indicated let alone reserves. Cnr has 2.4 m indicated and inferred but around 600 k odd in reserves from bfs.
3.6 m of reserves is large and takes a very long time to prove at the end of indicated and inferred. Again, if buriticca brought in 1 b usd for its wholly owned project that had also been financed and mostly built how do you dream that Omi is heading towards your billion plus considering we will have 25% if it gets that far. Complete fantasy imo.
Best to keep it realistic imv

Calibre bought b2 for less than $100 m plus some retained equity. Near the top of the market.That included 2 plants. They are aquiring new concessions and proving up high grade gold pretty fast. Calibre certainly will not fork out $105 m to build another plant and a couple of hundred million for our deposits. Thats their m cap. Not long ago simms you were saying mellon our white night would just bankroll us . Then he wont sell cheap etc. There is no telling where sanctions are headed .

https://www.guerillainvesting.co.uk/2013/11/20/rip-for-rivp-rivingtonstreetholdings/

https://www.opendemocracy.net/en/dark-money-investigations/how-arron-banks-campaign-ambassador-jim-mellon-made-millions-in-russia-nigel-farage/

Chicken. Since buriticca was sold for $1 b us at top of the market after proving up 11 m oz , exactly how and when do you think Omi share will move into the billion category or are you referring to likely number of shares.

In with a few buys here today and yesterday and a few more to come this week possibly . Really wanted to see what was going to happen after the raise . Could’ve dropped below 15 p. Seems to be pulling now. I am happy with 30 p and sell just over half for a free carry and no risk.
Ddd, I am still struggling to see much more than $100 m coming in and possibly a few of the warrants being left . 50 p but questions about how much of that will filtrate to holders. but time will tell.

Squeaky, well I think mc is a bit more clued up on this one than you. Usdt tether is completely stable , well as stable as the US dollar. A lot of sense talked in that video.

Yes interesting interview. Interesting to see a slightly different view on crypto to some of the rubbish that’s been posted here. Using tether would be groundbreaking and is what they were discussing is the future, binary investment is stupid, holding both is sensible , you heard it from both . I am sure Nero can explain that it is all just a ponzi to them though.

Hi bhargav. I am not really using hindsight, just reckoning on moving some out to other Colombian peers to spread the risk when the timing is right. for me former continental bods are more trust worthy than our bod.
Toon, yes 2020 and all the covid stocks were very lucrative. I exited ncyt mid 700s , didn’t hit the £12 peak but from £1 .80 was pretty good. Have a few freebies left just in case.
I think 2-3x is possible here this year on a news spike and will be very happy to cash some in. From experience the next couple of years are likely to be the best for sp. Not looking to have major holding for 10 years.

Nero, agree 1.07 so minimally down. My point was that you cherry picked whereas I hold aim peers that show a different picture. I have never called cnr a dog of a share or trashed mc. I have pointed out the flaws in manys posting here . And here we are at 15 p. Read over your last 4 years of posting , you will find along with lots of agressive posting to myself and others that you have called this rather poorly. As regards posting here, there are some posters that are worth interacting with , you 888 and a handful of others for sure arnt but little agressive angry men eventually will have to face up to the end result here and no shouting de ramper or any other insult will change that.
No nero I wont be lying on a beach, 2020 was the year for big gains , this year has been painful and I am sure my pf is smaller than many here most likely as I do not have a well paying job but investing is what gives me the extras like my house. My shares pf of the last 2 years is down 30% so havnt been so successful at limiting losses elsewhere as I have here. I have made very little gain in cnr but no losses and might still have a nice little tidy up at the end.
Happy new year laughing boy

P p. cash is fine for now , remains to be seen when the LAST 2 m arrives ? next year will see a cash raise for sure and will continue yoy. Meanwhie we still have to wait and see what actually gets acheved this year. I suspect like bhargav that this present situaton may persist for quite a while and that by end of q2 not too much will have happened.
Regards to other projects , they will need finance and remains to be seen what results. Neither a negative or plus as too early to know.
Bhargav, sp could double here over nxt 6 months for sure with good news. I will be taking some off the table then and see what happens from there.
As regards the two major yada yada. Personally think a well financed company with a strategic investor like sprott and well proven management is perhaps a possible safer bet than being at majors mercy with a ceo who has little in the company doing the deals.
Will be divesting some into some colombian peers that fit that description on any good spike.
Pp, I could also post links to other experts that predict little change. Personally I am hopeful for this year and have a host of gold and copper producers to tae full benefit if gold carries on rising.
Gla

I888, you have called me a deramper when I predicted each of the last 4 cash calls . You have continually come out with your £1 plus valuations etc. you must be the only person left who believes that. You based your forecasts on mark saying we should be over a pound and if we were in us would be multiples. He also said we would be producing gold. Mellon also predicted 100 k oz production for last year and 150 k oz for this year. That’s our managements predictions. Mine so far have been somewhat more accurate . You know nothing, you have no history of getting anything correct and no history of admitting it. Just bleating on with your name calling. Moron.

Nero, aaz started the year at 85p and today is £1 . 16.41% according to my acc. was adding around 70 p in oct
Canadian producers not so good but good buy ops imv.
I am not really down much in equinox and actually bought at their low this year.
As regards crypto, like shares it depends if you sit on your hands and sit through the mayhem. My crypto pf has taken a considerable hit from a year ago but I bought the majority 4 odd years ago when eth was abetween $500 and 100 and Cnr was 50 odd p. I have actually managed to buy eth for $1000 this year and sell from $1600 up to $2000. Only once mind but there have been a few trading ops in a few others but yes some big drops in some Alties However I am not underwater and it is my alternative gamble to shares with the same caveats as shares.

P p, have you checked buriticas resource after questioning 11 m oz? I think there is generally a lack of research here into Colombian peers and geo politics which I find surprising with all the finger in the air predictions, not wise investing imv.
Sian, let’s not forget that costs are rising and gold could also drop considerably by that time. Nobody can predict gold price in 5 years or mores time. Gold peaked in 1981 and took nearly 25 years to hit the same price. Nothing is guaranteed . It is also hard to predict how much confetti will be issued in the interim. Imv that will start next year and you could easily reach 1 b shares in a few years depending on circumstances.Keep your average as low as possible is the best thing anyone can do.

Nero, just looking at my pf,
Aaz up 17% over the year
Shg 20%
Cey. 27.85 %
Anto. 16 % .
Explorers a different kettle of fish. Unfortunately Cnr has had a continual downward trajectory for the last 4 years.

888, it is unfortunate that we have taken this long to get to this stage, however sanctions are not Biden electioneering. Trump imposed sanctions and their strengthening was inevitable with ortegas dismantling of democracy and opposition. These latest sanctions followed Nicaragua joining Syria, North Korea and Bellarussia in supporting Russias war in Ukraine . These things absolutely affect any valuation . You can quote in the ground valuations but they will absolutely be hit by the geo political situation. Cnr stated in its rns that agreed funding was pulled for this reason. Again I think china is best chance of a deal.
We could look at continental golds sale of Buritica in 2020 at the top of the market to zijin for $ 1b us. It had all in resource of 11 m and was in construction fairly close to production. That was top of the market .
Clearly no matter what a sale brings in, Mellon is not going to return all to shareholders. The remaining shell will need funds etc.
I am looking to buy on the open market soon and hope some of the more optimistic predictions come to fruition however I have found that having a more cautious view here has been the wisest course of action. 15-35 p is very do able with news which is decent given the market. Yes more is possible but sales also fall through so I would be fine with a quick 100% er.
Gla

Portfolio, it absolutely had 11 m oz resource , in the indicated and inferred category, you are talking about reserves . These figures are from the ex ceo of continental not me, he now runs collective,
Over at Cnr I have forecasted the last 4 fundraisers, the need for a bfs and disputed timelines and forecasted sanctions and mainly taken abuse for pointing out what was obvious to me. I sold out at part and Cnr is at a low and heading for distressed sale . Complete lack of realism. I am not negative here and hope for some good moves but do not believe some of the more fanciful forecasts and as with Cnr can foresee that there will be issues along the way. For me 4 p to 15-30 p is a nice reward and anything beyond is a bonus. I am less likely to be disappointed than some. In the meantime I will try and trade some.
Agree there is no real advantage in abusive posting and it is useful to consider all reasoned points of view.

Nero. It has been a brutal year generally this is true but Cnr is paying the price for its slow progress. Equinox has had some issues but is on its way to being a 1 m oz producer. I have been buying equinox and a host of other producers at lows this year. They will rise in tandem with the gold price whereas Cnr is a distressed sale. If you think we will see anywhere near $ 240 m you are in for a shock imv.
Now crypto. Well let’s compare 4 year period shall we ?
Cnr was around 50 p , you could buy Bitcoin for around $2500 and etherium at aroun$200 which is when I bought. Bitcoin is after this years 57% drop $17000 and etherium $1200 , over bitcoins life cycle half a dollar Cnr from £1.80 to 15 p and from 2006 float of £2.70 to 15 p. I know what is shocking in those figures Nero and I reckon mrs Nero would probably agree with simple mr red!
Timing is key with buying and selling any asset. Unfortunately timing isn’t great for Cnr which is why I sold most of my shares as soon as sanctions were announced . Imv trading when sensible is the only way to protect yourself somewhat from losses or to add more shares without adding more capital.

Slim, are you saying £100 m and it’s gone?
Personally I think it will struggle to fetch much more.
Concur 30-40 p is my guess. I don’t like asset sale over sale of company idea. We have just over £3 m raised instead of almost £5 m. Land to buy and ongoing costs, if we have not concluded a sale by end of summer the cash runway will start looking not so good. Ron’s stated that we needed £500 - 700 k for two months . That was end of nov. Let’s be cautious and multiply £700 by 5 months, that gives £3.5 m.
That extra £2 m would have given more security. Nothing guaranteed here still inc . Chinese most likely imv .

Portfolio, yes but buritica had 11 m oz proven and was in construction. If Omi should get to that point its share will be 25% and how many shares will exist ???-
I don’t agree that having two majors is definitely the big plus you think. It is necessary because Omi bod Havnt got the credibility to raise enough. However fennix and collective both have bods from continental. Outcrop are doing ok. It is definitely a very prospective area. Collective recently raised 10 m. For exploration. I am in calibre, a 230 m oz producer, they are spending currently $ 47 m on 170 k m drilling, what kind of budget do you think will be needed to prove 11 m oz ? In another year Omi will be raising again. Ok we have two other projects that Ian a bad thing in theory, just depends what turns up there. However , the longer that the majors stall the more cash Omi will burn whereas collective are ploughing ahead.
Personally if any good spike happens here I will take out and stick some in arris,Fennix outcrop and collective on any drops and spread the risk and possible gains.
I am adding copper on the drops. Ant0 doing well for me and a nice divi.southern copper too.
At least when you are in an explo that is self funding it is easier to keep a clearer eye on what is going on but none of them can be fully trusted. Good luck . Let’s see where we are at half year and end of year.

Pp p. I am in many goldies and quite a few other extractives. I hold cey and have bought mid 80 s over the last 4 years and yes decent dividends. Also in aaz and shg from 4 p with a few trades into the mix. Much safer in producers than explorers. My experience in cnr tells me that early days were the best times and then the cash heavy proving up orphan period kicks in.
I dont see cey as a valid comparison. Only latin american explorers are a fair comparison.
I will belive your valuation when I see it. This project is 8-10 years from production. Again I think you really need to look at similar latin american projects. I hold 2 200 k oz plus producers that have a m cap less than £300 m and shg and aaz that have m caps little over £100 m .
Your £1.88 would value omi at around £350-400 m . Dreaming imv.
Lets get over 12 p then dream .