Member Info for Seingred

Bhargav, I have been here since 2-4 p, as regards to your "the likes of seinred " jokers etc, if you want to carry on that narrative then expect to have it pointed out that your 50 p by nov really qualifies you as a bit of a joker. When your multiples of 50 p arises feel free to call me a joker until then I think best to keep schtum. Nope wont bother coming to the agm, you are correct.
Good luck with your 50 p buys, gotta reach that price mind before you pay it.

Awax, mellon forwarded 100 k oz production for this year and 150 k oz for next a couple of years ago, I said it was dreaming . 3-4 months is the least of his worries. Mr red could see this was ridiculous , simms sought to justify it. This guy is our new chairman, hope he has brushed up a bit on his knowledge of the company. Meanwhile most pressing thing imv is when the next placing is and level of warrants and is it a keep the lights on placing or mine funding. I know what my money is on.

Josepi, possibly or perhaps the spikes are generally over reactions to news, perhaps managed for mms benefit and not sustainable. Either way , follow the market for me while brad issues his options.

Icb, fair enough, cnr sp regained the level in 2020 that it sat at 201/18 when gold was around $12oo. I missed the spike to 60 p as I sold out and went into covid stocks. That 60 p spike was very short lived and returned around 40 p. My point was that at the height of the gold price ,when most of my goldies were posting aths cnr was barely reaching sp when gold was on the floor. But happy to be corrected as it is always best to be factually correct .
Agree the sp can move very fast and has done on a couple of occasions . As regards being in a better place with mine build finance, I will await the terms before judging that and probably wait until that point before buying . When do you reckon it will be anounced as I seem to remember you thinking it would follow rapidly after bfs?

Karl, obvs no immediate issue with finance but talk of further projects kind of crosses the idea that this is a dilution free operation. Of course there is the possibility that one of these projects may ammount to a serious project, there is also the possibility of it turning into a wage justifycation operation. Its not often that very cheap projects turn into amazing money makers but lets see. For me , spike sell re buy all the way . Cannot trust management that own so little , but do trust my own nose. Not like brad was responsible for attracting majors in the first place, seems like he could just be a milking machine.

5-0, mellon could just offset this against gains elsewhere. Holders are not so alligned with him or mc as they think. Has nobody noticed that as mc involvement in placings have dropped at the same time his options have balloned. Why buy shares when you can award them to yourself on the never never.
The sector has been woeful it is true q3/4 2020 is the peak of most goldies share price along with pog, unfortunately sp here has never re gained the 40s that it held in q43 2018 which was the low point for gold. Cnr is unlucky in timing but the timescale for me was never going to have funding in place yet so jury is out on that one. imv present situation isnt helpful for funding. Anyone producing is unafected so far , but that could change. A quick 30% is do able here with funding news although personally prefering etherium ponzi for safer returns.

Omi got through $600 k in last two months , Is this a good general representation? $300 k pm ? $ 3.6 m pa ? Currently $ 3 m . They mention looking for more projects ? Currently have less than a years worth as we stand and the payment to come in the newyear. Any more projects means confetti time.

Hi Barnard, when I say blind optimism I refer to the willingness to unquestioningly accept any morsel as positive news . The fact that the board consider that the sanctions do not affect their present operations doesnt tell me that they wont. Currently cnr isnt really carrying out any real operations until funding is sorted out. I prefer to use my own common sense rather than hang on every word of a bod who failed to tell us about protests to re settlement and a chairman who expected 100 k oz last year and 150 this. These sanctions allow for banning Americans from dealing with nica companies and gold. The majority of nica gold currently goes to us. The stated aims are to cut off cash to ortega , well what does that infer, nica gvnt doesnt produce gold as far as I know? The us is by far nica largest trading partner. The us always says their sanctions aim to not punish the population.The uk gvnt generally supports us sanctions. Yes there are other countries jn the world but mc generally goes to us for his main presentations for a reason. It is absolutely a fact that these sanctions are not helpful on the next leg . Nica has very good relations with Iran and Turkey and I think the more this moves on the more a chinese deal becomes likely.
My most pressing concern is where the sp is when the next fundraise appears. Any thoughts on that one?
Genuinely Good luck Barnard , sub 25 p is decent risk/ reward, unfortunately not many here have an average anywhere near that point so just offers averaging down opportunities. Lets see how we go over the coming months. I am holding back on re buying for now as I forsee a placing before year end . If one dropped today I think it would struggle to clear 20 p. And most likely further warrants. Maybe I am too cautious but it has been the best course of action over the past 5 years. Gla

Eyep been adding over the last month

Good find c f. Mm. He expected it and thinks it will get worse before it gets better. Agree. Majority of nica gold goes to usa. I think its still a bit early to know for sure how much it will directly affect either cnr or calibre but the geo political situation is worsening for sure.. Some here will continue with blind optimism whatever happens c f, best to keep your eye on the trajectory imv. Interested to see that crux interview. Calibre not been a great buy for me but swapped a little in there this week as a punt. Could be good after bad of course but wanted sub $1 ave. i prefer actual gold to theoretical unfinanced gold in this scenario but sub 25 p cnr could still be good just more risky. Sub 20 p needed to tempt me currently. The market knows theres at least one placing awaiting. Good luck.

Jackbal, of course any possible buyout will be in relation to the market value of omi. The difficulty here is that the market has one value but many posters have sky high valuations. I suspect that any possible buyout is a fair way off, likely during what is often called the orphan period. After the excitement of early stage definitive drilling . By then omi will be issueing confetti to survive and progress its other assets. Hard to know if anything will come of these low ball projects or if they are just to justify wages .
Yella, i think the lack of bod holdings is likely to hinder instis. Collective bod hold 40% and a further20% is held longterm. Bit of a difference. They are most of the guys from continental.
B, plenty of space here ??

Dr, yeah, we do all want the sp to progress and make us money. The next couple of years will likely be the best for share price appreciation. In my experience the longer a project rolls on the momentum on sp subsides when the reality and time consuming stage arrives.
Agree like yourself that colombia really isnt australia but for majors it is just more risk for cheaper assets with the gold giving the same price and even lower costs.

https://www.mining.com/web/blockade-at-zijins-colombia-gold-mine-is-klifted/

https://www.dentonsmininglaw.com/the-latest-trends-in-mining-disputes-in-colombia/

A new mining law is being drafted , they are aiming for better protection for artisanals , hoping to counter the proliferation if illegal mining that abounds in colombia. Colombia is a far cry from oz but still offers good opportunities, just need to be realistic.

Punter , yes storm in a teacup lol. In the last interview I watched mc stated a 60/40 likely loans equity split so sub 25 p would be a whole load of shares. Nicaragua was one of only four countries supporting Russian invasion recently at un, the others being syria,north korea and belarus. This is ongoing, there were sanctions in june on gold too..

https://www.kitco.com/news/2022-10-25/Biden-places-sanctions-on-Nicaragua-s-gold-industry-to-punish-Ortega-Murillo-regime.html

Mellon thought we were going to be producing 100 oz pa this year and 150 next year so I dont share the hero worship of the tax dodging russian granny robber.
Anyone else for a pre chrimbo cash raise?

Sector, obviously there is a very simple explaination to why their m caps were so high in 2020, that was peak gold price. They are producers and producers sp go up and down in tandem with the gold price . So if we see a dramatic move in the gold price , say from next summer , I would expect my producers to move fast. Not necesarily true for explorers although the longer a gold bull run goes on the more it should feed through to explorers. You will note also that buritica deal completed also in 2020. I do see these two as undervalued yes, because not only are they producing but moving towards a far bigger production soon. But basically their m caps are dependant on the gold price.
Continental didnt have a joint venture although newmont like with omi held a good portion of shares. The fact is that omi has no real market credibility on its own, therefore couldnt attempt to develop the asset. Fennix and collective are both run by people responsible for burittica and therefore capable of attracting finance to drill. Collective are on a 20,000 m drilling campaign .
Majors are a double edged
Agree, markets not the best atm but ok for buying certain sectors. I am buying atm, not omi as fully loaded but am adding gcm along with other producers. I am minded to spread out into outcrop, fennix and collective on the next spike here and spread the risk a bit .
Agree, timing is paramount , twenties and I am cashing in some 4 p shares.
Good luck

Sector. Agree colombia is very prospective and there are a number of 10 m oz projects. Gcm and arris are two such projects, both valued under £300 m and in production.
Fennix oro has a m cap of $13 m , is next door to buriticca turning up extremely good grades. What do you or anybody else think about their possible trajectory.

https://s3.amazonaws.com/b2icontent.irpass.cc/2596/rl109806.pdf

Link to their recent results.
The market will value omi as 65% owned by majors.
Bhargav, Again, majors are here for themselves just like Brad, they dont give a fig about your dreams or your constant referal to jokers or clowns. Jokers are the peeps that bought at 25-35 p imv encouraged by posters on here and believe that because they overpaid for their shares this is a valuation metric. No real analysis in here as per valuations .

Sam, it maybe a good time to buy back in, I sold some at 29 p mon morning but the thing stopping me is the fact that cnr needs cash and the general geo political and financial situation isnt great. I will probably wait until after the next financing whether that is intermediate or mine build funding to consider buying. Good luck with your buying though. You are buying are you?

tester, Personally I think someone producing 250 k oz of actual gold is less vulnerable than cnr with little cash presently and finance needed for a mine build in a period of deteriorating geo political strife.
Sam, you a laugh a minute . They could buy condor from cash held . Maybe they will buy cnr if share price keeps dropping , what you think about that one?

Jeb, well they could be exercised right now at 25 p , theyre worth multiples of 50 p right?
Of course nobody is going to pay 25 p for 12 p shares, mind you if 12 p shares doubled tomorrow doubtless there would be some posters here declaring they just bought lol. Anyhow warrant holders are going to want the sp to be significantly above 25 p or there is no profit and a possible hit as they drop back. I will be as amazed to see them converted as I will to see 50 p by next week.

Icb, you obviously dont take note of rubio, ted cruz etc if you think this is a democrat thing. Trump ramped up sanctions on venezuela and nicaragua. And as for whoever it was that thinks warmongering is the domain of democrats obviously didnt follow the presidencies of both Bushes.
These sanctions are not specific to condor but the situation is worsening. Peeps that arnt longterm and underwater significantly see things in a more risk averse way I suspect. mine funding would seem to be the sensible time to buy in here unless you are very speculative.

Tester. Randy martins dubious connections with the ortega firm should attract some attention.
https://www.oaklandinstitute.org/one-degree-removed
Geo politicals are deteriorating and sanctions are ongoing. Uk also has sanctions on nicaragua. I dont bother postng too much about the geos anymore as its not very welcome but I follow closely . I am not aware of any us mining companies operating in nica but unlke simms I do not think that us funding was never seeked or needed. How much equipment comes via the us? There is the possibility for things to get far worse, particularly with the Us/russia situation. The market is more cautious than blue sky posters.
A lot is made about mining being the largest export but, commercial mining actually employs a fairly small ammount of people , the bulk of the cash going to the gvnt , external suppliers and out of the country, maybe even to cnr holders one day. I think sanctions is more likely to affect a mine to be constructed than a mine that is producing personally
Daco, there is always the posibility of perhaps the toll deal being resurected.
My interest in the short term is the next fundraise which I expect is likely this side of xmas. Unless our benefactor decides to cash in his warrants above the sp as a sign of confidence .(not likely). More likely is a nice fat increase in mellons alloted options alongside mc next time round , possibly at a very low price.
I let some go yesterday just below breakeven and thankful tbh. Still holding some and may buy back if we go below 20 p.
Good luck .