Member Info for Seingred

Punter, that is true about beaty, what is interestng is that although most on here wanted to put that down to beaty heading towards retirement, he didnt sell his holding in his other aim goldie, galantas ,which has been somewhat more rewarding than cnr was.
However his geologist knows la india and equinox could be a possible suitor. I still feel chinese is the most likely possibility with geo politics in nicaragua heading eastwards. Cannot help thinking that ortega can affect this sale if he wants to . He owes condor holders nothing , we have heard about cpo etc. He does have the capacity to steer this where it is most beneficial to himself not us. Just a thought .

Fully agree cf. same overhopeful predictions still emanating from the same posters. Decided not to take part in the open offer but dont hold many currently. Thought I would wait and see how the raise went.
Well we raised just over half the ammount that was the stated limit. First time I have not seen the oversubscribed phrase attached which doesnt seem great and shows why for the first time we holders were offered the opportunity. They will have been advised that the usual raise wouldnt get away. And the fact it was no underwritten another giveaway. Still on the positive front at least there were no cuddly warrants, apart from mellons 16 m that is and his wingman in place to decide how much of our cash we can have and what happens to the shell.
I will be very surprised if much more than £100 m is raised . Around230 m fully diluted shares and significant costs . Bomber on the other channel calculated with mellons 16.666 m options his breakeven will be around 26 p. I may add some in open market but will look to get clear on any positive news that may come out. Wont be hanging around hoping for the granny robber to be besties.
Have to say you are the only poster that it has been possible to have a rational conversation on here and exchange research. Over the longterm. I tried to get people to be realistic but even now some are still dreaming and 888 is still crying de ramper. This is a lesson to consider all posibilities when you invest. Good luck.

Happy festive period connect, cf . Hope all get out at least at breakeven.
Gl 2023

Adam, the fact that he is mellons wingman speaks volumes imv. I dont quite understand since they have now converted their unsecured loan to shares why particularly it is still a ccondition. Bit of a takeover by the granny mugger.
Yes mc not turning up in person is a bit concerning, like he doesnt want to be face to face. For me, buy 16 p sell 25 p and keep a few just in case.
[g l a] .

Punter, the "cucumbering " has already happened , just a matter of how much it is now retracted. Remember any deal would give ££s per share ! Wasnt long ago that anyone disputing a £1- 2 valuation was a terrible de ramper.Amazing how a possible 50 p exit is now portrayed as great. Not convinced theres a 50 p exit here personally either!

Slim, chinese is the most likely scenario for me. However, shg had 2 chinese offers and no deal.
Rns always open with "delighted to announce " no matter how great the news.
So basically open offer raised nearly £2 m less than the stated ceiling. Have any non taken up been offered elsewhere as we were informed would happen ? If so can see why it wasnt underwritten.
Looking to add some now to off on any news rns. Not interested in holding in a shell and paying continued wages .
Keep up the feedback slim.

Probably shorting .

Impecunious, indeed , and majors walk away from projects of their own too. Never been a convert to the having two majors as being the gold standard guarantee tbh. Not that its a bad thing in omi case because they have no credibility to self fund unlike some of our peers in colombia.
Still all to play for but getting uncomfortably close to my average now. One would expect that if everything gets agreed that we should see a decent rise but there is a limit to how much is worth sticking in with management that have little skin in the game and not a great recent record . I dont see 2 m coming in jan tbh. This is why trading makes sense, half price now from the little spike a few weeks ago. Unfortunately missed this time . I was hoping to totally de risk . Adding v small amounts currently but dont really have spare cash.
Good luck all.

Simms, I think its unlikely that if foreign holders arnt entitled to 1:6 that any unsold shares would be available to overseas. I imagine it probably is tied up with keeping costs down perhaps. Selling at 16 p to buy at 15 p plus costs? I sold most at 30 p and now thinking about buying back now. I can understand some not wanting to get deeper in. for many this is stick even more cash in to hopefully get somewhere near breakeven but with nothing guaranteed! This offer is not underwritten. They have added £800 k extra to the hoped for raise after original rns. This will not be concluded in a couple of months and it seems likely to me that there are still considerable costs. Raise must be hopefully to last 2023 out if needed.
Connect, I do feel for overextended peeps, I have tried for 5 years to make people aware of the pitfalls of over optimism, unfortunately it was met by a handful of very agressive cancellors, Open debate shouldnt be seen as threatening. Hope peeps get reasonable exit .

Well, given all the two majors, ggp 50 p multiples , surely you should all be filling your boots. It was a vastly undervalued bargain a couple of weeks ago at 12 p ???
Adding v small ammounts currently . Yes 5 p has to be a possibility. Its odd but generally if you wait long enough you can buy at the right price.
Patience needed .
Good luck all

Hi sakura 7, thats a big holding. I guess it depends what your average is currentlyas to whether you will come out breaking even.
Re sng , I always consider someones contrary view, it is generally sensible as some here are now finding out. I had a little punt in and out but did bare your words in mind. Back in for a little punt now and down but will put them in the bottom drawer along with sar and a couple og goldies.
Good luck here
Btw, enjoyed japans football journey.

Nero, it states in the recent rns that the project is "nearly construction ready" . Lets be precise. It is pretty obvious that most lth will need to bail out the company at 16 p to have any chance of any profit at all for 12 years of loyalty. The company is attempting to raise £5 m but states that costs are £500-700 k for the next two months. Funding for a rather long time and probably wise.
We may see some fruit or not but it will be very lean pickings compared to the forcasts of many on here for years up until the wakey time rns a couple of weeks ago.
Tester, 15-30 p seems a good risk .sell the news imv. I dont like the talk of investing to keep the company going , hopefully to a sale but having limited information of the end result. All we know is mellon has got one of his non doms on the bod and personally I dont trust him.
cash out on a good spike for me.

Good work as usual c f.
So my take from that is that it is the first time I have heard book5 posting about the artisanals confirmed. It is in facyt in the la india pit . He has taken some stick but here finally I hear about re location and where the last bit of land is. Mm. Hence the nearly construction in the rns.
To be fair, if you want the shareholders to keep you financed you probably wouldnt want to say it could be an issue would you?
If I was ortega, I would probably want to steer this towards chinese hands given the sanctions and deteriorating relations with west. Lets hope that ransome strip doesnt come into play?
Just a thought . Still risks here imv.

Ddd, I think your figures are pretty reasoned . However , it appears that they are not aiming at a company sale , but a special dividend that mc was fairly cagey in defining. How much of the sale proceeds will actually be returned to holders ??

C f, kinda my thinking . Two mills, production and exploration potential, circa $100 m or cnr good resource but $105 m to spend and if some here are to be believed $200 m .
Gran colombia has a m cap around that and calibre less , doesnt make sense when they are turning up great grades and getting more concessions to me but perhaps they grab the feeder pits. Also Would expect calibre to want to at least part pay in paper which would be fine if it was a full take over but this idea of asset sale makes things more complicated and The idea of mellon and newly appointed cohort deciding if and when we receive (some/ most ) of the cash doesnt fill me with glee. What happens to the shell and how much does it retain ?? Iom registration ?
Shg is a good example of whats on the market with a current m cap of £100 m , moved up to about £130 on release of news of approaches . Soon a 100k oz producer with also a high grade exploration project in a different jurisdiction,
If we should get £100 m for assets how much do peeps think will be returned to holders. Obviously double it if you think £200 m is likely.
Personally I will get some in the open offer and maybe some on open market and look to offload a decent ammount if there is an rns confirming an approach. As 888 states, mellon made his first independent pile in Russia, in his own words , robbing grannies of their shares on the street like a mugger. Dont trust him further than I can p,,s. Personally hope ross and equinox hardball him.

Jwoz, sorry to hear that. I am on a 22 year renovation . Doing everything myself but could have done with cashing a bit but was hoping for higher . I dont really have new cash to invest hence trying to trade for more. Personally, I do not think that the ammount someone has invested determines the right to post or the validity.
Hope it all works out ok in the end. These might be lower in march, theres no guarantees and you may start buying little ammounts back gradually. Good luck.

Geovanni, soory to hear that. Hope you manage to re coup elsewhere. I only had a small punt and had more along with other covid stocks in the 2020 scrummage but sold most with the news of the vaccine so I had already banked a lot of profit. Have had another little punt in sng since but as I say well down on that. Being too far in with these speculative shares is too risky for me . Bank profit, or if you think the sp is going to drop significantly, sell and re buy is the only way to have a reasonable chance of keeping your pants up. These aim companies are generally for the benefit of the bods.

Geovanni, meant to ask , did you exit sng at a sensible time? I had a quick in and out for a very small profit selling around £2 . Back in now but over 20% down atm .

Chick, yes surprising how many are so much happier parting with their cash when the sp has risen significantly.
Always expecting the best and never forseeing problems or flaws in the thinking is dangerous.
I am adding a few small ammounts but think there is a lot of clarity needed now before any significant rise. Sub 6 p may tempt me to have a reasonable top up , with the intention of selling around 10 p if possible but not seeing the recent news as brilliant .
Good luck all.

Apologies for doublo