Member Info for Seingred

Tester, yup. In the rns it also mentions passing it on to company with experience. Problem is , if after this rns cnr than has to volte face credibility is going to be v low for production. Cnr has basically just stated they are not up to the job. Simms, the best time would have been 2020 where all goldies were at their peak and many posters forcasted for production hereL You continually try to make a story fit your hopes. You have no clue that rio or calibre are interested . They may be of course . The value of this company as it is has constantly been bigged up by unrealistic posters yourself definitely being one. I said a couple of years ago I would be happy with a realistic 70 p and was derided as usual. Well its time to smell that Nicaragua coffee. Sanctions were always coming, timelines always dragging and dilution ever present and £5-10 k gold dreams nowhere to be seen.
My estimate for mc wages with all add ons would be 2.5-3 m from 2006 to now. Not too bad really for taking the sp from£2.80- 22 p or 60 p hopefully and a couple of million options if he gets a sale at around 60 p. I am not alligned with him or that tax evading non dom who predicted 100 k oz production this year and 150 k oz next and you in your usual manner attempted to justify as possible. Cos hay he is a billionaire . Mm . Now he thinks we should sell because of all the reasons I have constantly warned of and no sign of 100 k oz . 48 m shares in 2015 168 m to date.
If there were serious interest I think that is what would have been part of the rns and the sp would have reacted better. For sure if there is an rns stating serious interest, loi etc the sp will react well.
Of course there is no guarantee that an acceptable sale will happen, then what? The current stance doesnt bode well for finance raising and neither does the current share price.
20 p - 60 p a very decent risk reward but whos buying ? Sounds like a megadeath song.
Good luck all.

Wad, good luck to you . Make sure and video . Think you will probably have as much luck as the guys trying to serve court papers so make sure and have a holiday too.
Just wondering what the ramifications are if he snuffs it before court cases are finalised. Got to be a possibility?

Frenchie, not yet. I sold a chunk at b e just under 30 p but stuck it elsewhere. Havnt got any spare atm but may scrabble for a bit if we go any lower. I think gb makes sensible points. If we get an rns. Saying loi or interest shown then the sp rises significantly so this could be a good buying opportunity for a quick 50-100% gain. However ,I am not totally convinced that that point is close or that we dont need another cash raise.

Adam, it is correct , a buyer will only look at the total price he will pay for the project and weigh it up against other available projects, shg being one example. Now would you pay a similar price for cnr , still to be funded to production in a jurisdiction that is geo politically degrading and recent sanctions that could well be a hurdle ,or say shg who is producing and 6 months from a second mine producing and another v high grade exploration project in a seperate country. Perhaps you may look at the recent arris gold gcm tie up and extrapolate value from that ? The market is, what is the best bang for the buck. Is there now a lower limit to acceptable offers? If so what is it and what happens if there is no reasonable offer.
I have listened to Various blue sky posts like mellon will pay for it etc, now its wakey time for many here who have been dreaming an unlikely dream. Like e l, I think 60 p is do able if a sale is found. Thats tops for me, I cannot see much higher than £100 m for this project in this market . But thats ok if you have kept your average low. Happy to be wrong.

Tester, cant imagine now being a time that calibre want to be taken out but agree a paper takeout may be best in some ways. Mc could also be in nica explaining the situation to gvnt too I imagine. The chinese are likely to be less worried about geo political situation imv and much more likely to get gvnt support.

Tester, some interesting views. Personally I am not convinced there are advanced deals . I would expect an rns somewhat similar to shg as it should be rns. This rns is somewhat similar to 2015 strategic review to me. They are basically putting cnr up for sale like in 2015. I expect a lights on raise yet . Lets hear now what mc idea of a sale price that satisfies all stakeholders looks like. Personally I reckon 60 p tops which at least doesnt reward mc for taking £2-3 m wages plus options for taking cnr from £2.70 to currently 23 p. Lessons here for everybody, read between the lines and act accordingly. No £100 m dividends simms , no production by 2020,2021,2022 or 2023. Not long ago mc was quoted as being inundated with finance offers, so why now are we looking at a sale ? After spending millions on a mill.(more dilution).
22- 60 p is a nice carpet bag for newbies, if a buyer is found but factor in 12 years of inflation for ltholders and it is poor.
The rns doesnt suggest an alternative strategy just wait for news.
Tester, a takeout of calibre and cnr , interesting idea but calibre are run by serious mining heads with cash in the bank and 200 k oz production. I think cnr is a project for a mid tier. Thats why I wonder about equinox. Beaty knows the geology well just didnt rate the management.mmm. Oh well interesting 6 months to come.

https://www.lse.co.uk/rns/CNR/strategic-review-and-commencement-of-offer-period-cpgg0fa4f4qha36.html
This is the last strategic review from sept 2015 when we had an sp in mid 40 s and. 45,807,316 m shares.
888, there are nearly 200m undiluted shares, £1 p share is miles away imv and tbh I dont want to see mc get more reward, I estimate he will have earnt around £2.5-3 m and millions of options during the journey taking cnr from £2.70 to 24 p.
Looking at hannan, they are responsible for cash raises also inc cnr in the past . I assume that if like in 2015 there is no reasonable offer they may well be tasked with arranging finance. Of course it is possible that they were already tasked with this and have helped our bod come to this conclusion. However much peeps want to wave away new sanctions, they are aimed at starving ortega of cash which infers to me that there is more implications to come. For sure it is not the best backdrop for a sale. I agree that mc primary aim was always to sell but the long drawn out timescale has done for lth dreams of multibags and as for simms dreams of massive dividends. Doesnt explain spending millions on a mill though.Tbh, we risk appearing a distressed seller. There is no mention now of alternative strategy. Still at least mc got another 7 years wages , remains to be seen how beneficial his options will turn out. I suspect a lights on placing yet, I calculated years ago that we were getting through £200 k pm on average.
Good luck all ,

Btwister. Yes wsbn . I have traded that twice this year , around may and aug I think , sold spikes . Last one sold around 13 p and bought back down to 6 p.

Nator, yes glad to have added in the 60-80 p range.

Barnard, I think the mistake you are making there is assuming there will not be further dilution . There is currently nearly 200 m shares on a fully diluted basis. We currently have probably around £300 k tops in cash imv and a mine build to fund. I do not see a takeout before funding likely tbh. I think presently the idea of £150-200 m sale highly unlikely. As e l has just pointed out the approaches towards shg have currently proved fruitless , shg walking . What I take from that e l is that if shg cannot pull off a deal in the low to mid 100 s I find it highly unlikely that cnr 2 years from production will sell presently for £1 p share or anywhere near.
I do see the possibility of a strategic partner coming aboard for the construction fund , especially if it is at present sp level or lower. Agree that a sale would always be a premium to the prevailing share price and as you say if the bods and holders do not accept the offer price the result is a no deal as in shg case. No I cant see a sale at 20% being agreed . Obviously the prevailing market with gold price will have a say. More so for shg and calibre because they produce gold . Cnr dont which is one of the reasons cnr sp hasnt risen with the gold price recently unlike most producers.

These aim explo companies all operate on a similar mo. They are set up for the benefit of the bods primarily however Brads laughable holding is a p take .

https://www.investegate.co.uk/shanta-gold-limited--shg-/rns/west-kenya-phase-2-high-grade-drilling-update/202211170700087465G/

Take a look at these grades in w kenya. They also are heading to increase their production to 100 k oz next year in Tanzania, they pay a dividend and m cap is £106 currently. Been in there since 4 p too.
Going to take advantage of any spikes around 15 p . Here . jackbal , I have done the same in wsbn twice this year on spikes, it is pretty predictable and the only real chance to protect yourself from the worst of aim which will generally make you poorer if held long term with no strategy. Imv omi will start confetti in about a years time and the usual story will likely unfold. Meanwhile unrealistic valuation here will keep many holding like they are cup final golden tickets etc.

https://www.investegate.co.uk/shanta-gold-limited--shg-/rns/west-kenya-phase-2-high-grade-drilling-update/202211170700087465G/
Take a look at these grades , then factor in soon to expand to 100 k oz producer, m cap just over £100 m currently . Just for a bit of reality on valuations.

Awax, some said that was the reason for the bfs delay. Wasnt fact tho was it?

G b, yes I am sure you are correct on. The sag mill payment. You could well be correct on announcing funding subject to a cash raise but I am not convinced that would lead to a significant rise but I could be wrong on that one.

Blondee, the price was $30 dollars, now even after a large drop from around $70 k its around $16 k and your glad and sitting here in omi dreaming of bhargavs 100 folds ? Give yourself a medal lol. I know someone that bought bitcoin under $1 and now holds around $100m . Not me unfortunately, I didnt start buying until the last crash in 2018. Of course like any other investment (gamble) when you buy and sell determines if it is a good investment . Ask anyone who payed 30 p for omi shares. Personally see crypto as less risk than aim casino if you are sensible. Of course its not for everyone but its use is increasing all the time. Bitcoin has a finite limit unlike your omi shares or £ and eth is now destroying coins. My crypto acc is healthier than my aim shares but I like to be spread around a lot of different investments. Each to their own tho . Its all good fun.

Cf, yes 888 never seems to grasp the obvious. At the time of the last placing cnr had around £500 k left so cash needed soon and the sp is 24 p. Whether it is a keep the lights on placing or construction finance , what price will it raise at? I can see construction finance waiting into new year. Agree calibre moving up is more to do with being a producer and gold price rise. My producers , gold silver and copper are up between 20-30 % . None of my explorers are moving.
Maybe fm will take some 24 p shares for the outstanding cash ?

Lools, 2008 gvnts had to bail out all the banks . Me I am buying eth for later. Lets hope aim casino clownancy doesnt bite. So you know a couple of fund managers, wow. Have you heard of black rock.
https://www.ft.com/content/3261f919-ca98-41d2-b950-bc3a670f994c
Thinking binary can seriously affect your wealth .

Barnard, anythings possible but I know what my money is on. I think a jv is a possibility but until any news of takeovers appear finance is the order of the day and everybody including the market knows this. good luck B glad you are in at a realistic price to benefit.

Sam, what we know about that silver company is, it didnt buy shares in the 36 p placing and it didnt buy shares in the 27 p placing. Maybe they will buy shares in the next one.
Regarding rio and copper, I am in arcm who have been in talks for years about a joint venture for their copper play , what actual results have cnr got re copper that will bring some kind of deal any time soon?

Slim, I have to be honest I dont understand why you have steadfastly refused to sell with your views. This is a significant rise for gold, and producers were always going to be the ones to benefit , thats why I have been buying the dips in producers over the last year and a half. It can only be good for cnr even if not directly. The chance of a jv , buyout significantly increase with a good increase for producers. Does it guarantee a good rise for cnr? Not necesarily, when the gold price turned around in q3 2018 cnr price went down to 18 p. The market knows we need funding for mine build at least hard to see a big rise until that is carried out but hard to carry out while sp is so low, bit of a conundum . remains to be seen how sustained the rally is but it certainly is much needed .