Member Info for Seingred

Mapp, I am nearly 60 , I trade crypto , today is a good day if you sold last week imv , which I did. None of these investments are for fools. Unfortunately peeps see get rich quick schemes and think its easy. No its not it is quite difficult but not impossible. You have to employ common sense for a start but make no mistake, rampers will damage your wealth more than caution or de ramp as you have found out. I almost sold here before suspension , unfortunately didnt follow my nose but have made it up elsewhere including crypto. If I were you I would enjoy your remaining years and let all this flow over you . Btw, make sure you are able to sell some omi when there is another spike ;) good luck

Sotolo, No rush but I can imagine waiting til omi has spent its cash and over extended on other projects would be the likely time for a takeout.
Webbs, buying op on crypto I think . Glad I sold some last week after good rises over the month. Re buying last night. Only hoped for 20% not current big discount, lets see where it heads. Choppy for a while but last time I bought eth at close to$1 k I was selling for $2 k a few months later. Its all educated gambling . Getting decent interest on algo, sol and cosmos on cb.
Fingers crossed.

Concur c f. The most likely explaination to me is a placing. If any time it is going to struggle to be over 20 p . I could be wrong of course .
That would be a lot of eggs in one basket .

Break, I wasnt comparing la colosa , gramalote is a reasonable project to highlight . However , buritica has had a protest fairly recently .This is why I say you cannot use ggp as a reference because colombia is not oz.
https://dialogochino.net/en/extractive-industries/54228-zijins-difficult-days-in-buritica/
Dr, agree , no ay omi would be able to have gone it alone, continental did though.
Yes, seem to be establishing a base above 10 p.

Dr, read a few articles. The project was temporarily mothballed in 2014 when gold price sank, they are not seeing it as high enough return. Irr around 17% after unproductive optimisation studies. Will be interesting to follow.
https://m.miningweekly.com/article/b2gold-and-anglogold-pull-colombia-gold-project-2022-08-05/rep_id:3861
Another article.
Anglo have 4 projects in colombia, la colosa 28 m oz , 1 m oz pa project is suspended because of resdent resistance since 2018. The participation of majors isnt always guarantee of anything, majors of course can offset against profits .
https://www.abcolombia.org.uk/communities-resist-the-la-colosa-mine-open-pit-gold-mine-proposed-in-the-paramos-of-tolima/

Skinty, the idea that the uk media is left wing bias is ludicrous. The uk media is dominated by right wing, brexit peddling , tax avoiding non doms . And then theres raised by dingoes media.
what should be obvious is that if our utilities were still publicly owned the gvnt wouldnt have to borrow vast sums to reward companies that are now owned by french nationalised companies. There for sure is recession coming for most , maybe you are in a position to avoid it but if you think that the various issues wont give rise to a recession I think you are wrong. Time will tell.

https://www.mining.com/b2gold-anglogold-shelve-gramalote-gold-jv-in-colombia/

Heres a relevant project in colombia . Shelved i 2014 and now shelved again. Stated as a $900odd dollar project. Dont know if that is a valuation or how much has been spent. Will be interesting to follow this one.

Jwoz, in your scenario, even though I bag an extra 20% or more each time for no extra cash , my original shares were 4 p I now have an average that says I am losing money lol.
Bhargav, if i sell al my 4 p shares for 20 p and buy back twice as many shares I have basically halved my 4 p average. If I double my shares for no extra cash how is my average going up? But hey thats what I want, twice as many shares for the same money , thats why I trade when its possible.

Hi somn, assuming that la India not too affected by the storm. Interested in your mention of the artisanal ore. Does this tie in with book5 posts about co op and artisans? When you say processing ore is near the site, do you mean the cleared site 14 hectares or near the whole concession area. Appreciate you may not know definitively. Would imagine cnr just like calibre would buy artisanals ore .

C f, cheers, just had a quick checkup on that recent calibre release. Indeed, $66 m cash. 46 m exploration spend. Last I saw was $115m .Grades up but production down temporarily at libertad due to problems.
Yes equinox tanked on news of rising costs , ramp up problems etc. I added a few with my aaz divi as a small punt on thurs and pleased with yesterdays rise but still well over 20% down overall. Equinox are also constructing one of the largest gold mines in Canada presently, 400 k oz pa and various upgrades to be a 1 m oz producer in a couple of years time , also 18 m oz of reserves.Prefer dividend payers which equinox isnt but I think there is a good rise to come there hopefully when/if gold price rises .
600 k oz pa producer not 230 calibre. Equinox and gcm/arris both aiming to be 1 m oz producers in the not too distant future which I have added . Agree calibre currently more profitable atm. There are levels of production that do tend to give a lift in valuation though. I think calibre will experience that when they reach 400 k oz or more .
Agree e l, it remains to be seen if this lift will last. It was pretty much across the board, my copper plays and some us techs moving well. Crypto has been my best performer this week though and currently selling bits. Everything is pretty volatile presently generally. Hard to make profits currently but need to be looking beyond next year I reckon.

Toon, glad to see you are not a fool, well done . I am not sure if we are still on crossed wires.
I bought all my shares under 4 p . I have only rebought after selling higher. Each time I re buy using the same ammount of cash so I end up with more shares for exactly the same outlay. Doesnt matter if I sell at 10 p or 50 p as long as I buy 15% or more lower. To be clear though, I only trade a portion so my average is going to lower only by a few percent but my main aim is to have more shares without laying out any fresh cash, a bit like our ceo lol. It is possible that at some point I will get it wrong and like yourself will be happy with a portion off the table in that scenarieo. Last time I sold was over 16 p and started re buying from .1390 down in small ammounts and bought a small ammount this week. When people average down , they buy more shares at a lower price than their average. That is exactly what I do without spending any cash. Or do you think that peeps that bought in here At 25 p and now buy more at 10 p are not lowering their average? If you had kept yor 75 k and then rebought at 10 p buying 3 x the amount of shares you sold , that you would not be lowering your average? If I had endless free cash I possibly wouldnt bother but tbh I enjoy the thrill aim is a casino after all.
Jwoz, mine are in isa , not interested in deducting profit just building up the number of shares hopefully a bit like re investing dividends, No I dont see it possible to to have a free float , that would be like toon, sell enough to cover your investment and run on free shares, that is my favoured scenario and at some point will do that, probably when bhargav is paying 50 p.

Toon, you are a fool. There have been a number of occasions when it has not only been possible but sensible to sell on spikes and wait for the price to drop to an advantageous price to re buy . If you dont understsnd the basic arithmetic of not increasing your total outlay but increasing your total shares and thus reducing your average then thats up to you.
Most should understand that if I sell at 16 p and rebuy at 12 p that reduces my average unless I add extra funds . Obviously if I got it wrong and sold for 16 p and I had to re buy higher then thats a different story but I trade a portion of my holding and would just bank my profit at 16 p. If you want to employ a different housekeeping model then fine, good luck.
What I do understand is if I didnt trade but bought up to 50 p my average would keep increasing and lower my chances of making a profit . Multiples of 50 p are in no way guaranteed .

Icb, well you have continually forwarded brokers guesses over the yeas as facts for sp predictions and guess what none were close. Have you noticed though that they have been reducing every time. Take a look at cora, in a similar position . These interviews are paid for and no I dont accept their figures. When someone says"if this was in the us" thats exactly what it means. If it was , pointless .
Did you listen to the bit about finance at the end? If so lets hear it ? Are we looking at an interim raise or is that just mr red de ramping? And did you hear him refer to equity portion of funding ? Can you remind me what it was or did you not catch that bit.
Again 888, calibre is listed in canada but has 230 k oz production $115 in cash and a m cap of $300 m can so less than $200 m . Cnr has nearly 200 m share fully diluted at present without further dilution. How much dilution do you or crux or mc think there will be before production?

Bhargav, well it would appear that I am in tandem with the market, it spikes ,I sell , it drops whereas you seem to buy then it drops.
Re ggp, well done. I am interested to know if you used the same principle of buying all the way up to 35 p, encouraging others in and whether you still hold your ggp shares at 8 p or you sold them?
You can call me a clown for keeping an average under 4 p but if we reach your multiples of 50 p I will be laughing . But I will be laughing at 50 p when apparently you will still be adding. You have already paid 45 p, lol and you want to call me a clown .

Trueblue, nope I didnt see yellas post as a plea to know what to do. I took his post as a reasonable stab at attributing value and pointed out some of the things he failed to factor in which is a common theme on here.
I am not whingeing at all , my average is under 4 p and pretty happy . I dont need delusion to convince myself I will be in profit one day. As regards selling , I will sell , when it makes sense which is generally on a spike and then re buy as I have done on a few occasions.
Sector, absolutely agree the next couple of years is likely to be therewarding time sp wise, beyond there the labourious proving up ,pfs orphan period. Also the dilution period. Obviously the prevailing gold price will have a say. I am all good and waiting for another 4 p bag.

Icb, did you pay attention to the section near the end where he is questioned in relation to funding ?
Has la India now moved jurisdiction to the us icb? This is the worst possible time for an asset sale . A jv or strategic investment possibly.
An outright sale now is no way going to give holders £2 a share stop pedling rubbish. Which peers shall we compare to? Calibre perhaps? M cap currently $300 m canadian with $115 m in cash.

Cambells, john perry is a political idealogue who is responsible for virtually every pro ortega article you will find and main supplier for nicaragua solidarity campaign and generally pretty biased. I think the timing of these sanctions are more likely to tie in with nicaraguas decision to vote with syria,belarus,iran and good old north korea at un recently in support of russias obliteration of ukraine than his explaination.However it does make sense that if you sanction a country to starve the gvnt of funds then that is what they are likely to do.

Yela, using buritica is a sensible attempt at guestimating value. It took continental over 10 years to get 11 m oz proved in various categories and mine build funded. So your £200 m makes sense when 11 m oz are proved and bfs etc which is many years down the road . So does it sound likely that omi will be half that any time soon which would give bhargavs 50 p ?
you think there wont be more shares issued during those ensueing years. Currently there are 6% of total shares sitting in options and many more to come. We got through $600 k in the last two months we are probably funded for about a yearish imv. I suggest researching other latin american explorers and their m caps . Or you could look at gcm , what it has and m cap.
Purely having majors take 75% doesnt make omi worth a fortune compared to other colombian projects that are just as prospective imv. Also worth looking at lifecycle of explorers. The next couple of years are likely to be the most rewarding in my experience depending on results and 50 p is do able and a very tidy return . Good luck.

Isa, when beaty sold down and various funds they were always through the market. Mellon I would assume knows there is going to be a placing soon and would rather accumulate lower with added warrants.

Cambells, can see the logic in that possibility.