Member Info for Seingred

Glad to have cashed some in on fri and monday. Looking to re buy soon. Aim is fairly predictable . For the second time in a few months , able to sell and rebuy at 20plus % discount.

https://medium.com/meddah-a-u-s-turkey-storytelling-project/the-turkish-missile-crisis-the-root-of-anti-american-sentiment-in-turkey-6e7258e8975

Pat, suggest you look at the 10 year share price graph , then allow for the consolidations then carry on dreaming. Long time out of this p o s but not much seems to change unless there is a run on snake oil.

C f, yes you do reasoned research which I appreciate using logic. Over on omi Nobody wants to use similar examples to justify what I have thought were over optimistic valuations apart from quoting ggp which is tenuous imv. Cnr good for a quick 20% gain here Though I think which if you buy 25 p or lower is only 30 p. Depending on news over the next 6 months I can see a run to 50 p which is decent if you are buying in now. I just cannot see the justification for the £1 plus predictions, unless the parabolic gold price finally appears. Always possible! Perhaps , if everything goes nicely, unfortunately in life very little goes to plan as witnessed here to date. I will hold some to the end but they will be free shares.
Good luck here and elsewhere.

I am fully loaded and in profit but think I will start selling the news if we have a good spike. Certainly not looking to buy in the 30 p range . Wsbn had a very nice week last week.
Good luck all

there is a good risk reward here from 23 p to get to perhaps 30 p before news and possibly 40 s when funded imv As far as massively undervalued , I refer back to obvious comparison calibre . Currently £300m m cap , producing circa 250 k oz pa , 3 plants, $90 m in cash and about 18 rigs turning. Strip out cash £210 m .
Mc agrees with mr reds much derided forcast of first production in 2024 which means after ramp up period commercial production will be 2025. If cnr are to pay off debt in 1 year I dont see major exploration until 2026. Proving up 7 m oz will take an age . Mc has been talking 5 million ounces for many years now. And what about those massive dividends that peeps were talking about.
There are presently 160 m shares , I believe another raise is possible before funding then a further chunk for construction. Imv there will be a minimum of 200 m shares this time next year and quite likely more. If we accept 200 m shares and a £1 share price that would value condor, still a few years from producing 100 k oz and in debt at a similar price to calibre. Sounds pretty unlikely to me . Yes gold price may rise significantly but who can bet for 2025 .
The predicted 2500-5000 usd gold price is yet to materialise but aisc are rising fast.
Personally I am hoping for a decent re rate over next 6 months into the 40-50 p range and will be completely de risking and just hold free shares. Still big question marks regarding politicals in Nicaragua. Tester I dont see civil unrest happening just further repression, further us sanctions and Russia having a closer relationship.
Cf yes nice month in wsbn , one of my main early stagers. Australia a nice safe jurisdiction and strong market a good place to invest and has a considerable valuation premium. On the omi board they keep comparing omi to ggp purely because of the backing of majors but you cannot compare the two. Omi worth keeping an eye on over the next month or so though. Good day friday and more to come possibly. As always I will trade on the spikes with a portion. Over on omi they are lamenting the 40 p sp two years ago but mostly stuck with sit on your hands routine.
Still dont understand why peeps dont seem to be adding in low 20 s , cant all want to be clandestine buyers surely ? Not good for sentiment guys. I have added a few and I am a de ramper lol.

Nero, glad to be of service, you seem like the kinda guy who could do with a bit of amusement. Why am I here. Well because I dont require permission from a little group of deluded control freaks. And I hold shares just like I have since sub 1 p days which gives me as much right as anybody else to post. Oddly, posting deluded drivel about timescales, imaginary share prices and ammount of dilution neither interests me or makes for a good investment. I have not really attacked mc during my posting just the posters that have misled others on here with their deluded predictions.
As far as the studies are concerned years ago when questioning various hoplessly inacurate guestimates on timescales here I stated we would need bfs , in your usual affable manner you parroted mc claiming we wouldnt need it for production. Turns out we do need it and not only that but it is now approaching a year overdue from mc original guestimate . I estimated production wouldnt be forthcoming before 2024 the usual lambasts followed . Now mc agrees with that . Ramp up will be 6 months so we wont see commercial production till 2025 . Thats just easily deciphered fact. I am no genius but it has been easy to work these things out if you use common sense , not something thats too frequent on this board.
Predicting the last 3 raises has been pretty easy and obvious that the price will drop each time , I choose to manage my holding to allow myself to make a profit from this share by trading when sensible and with an average around 30 p I expect to, and have mentioned a number of times recently that around 23 p is a good price to buy , doesnt sound negative to me, unless you are a grumpy lth with an average in the 50s I guess.

Turning to the financial results for the six months to end-June 2022, the Group's total comprehensive profit/(loss) for the period was £1,898,315 (six months to end-June 2021: £(1,638,488). The Company raised a total of £3.25 million through share issuances. The net cash balance of the Group at end-June 2022 was £2,453,607
By my reckoning cnr had around £450 k at time of placing mid june so £3.7 m mid june and
£2,453,607 at the end of june. Am I correct ? Any guesses how much of the £ 2.453 m will be left at the end of aug? My guess is no more than £1m. It is quite possible there may be one more raise here before financing imv.
I note that we have 99.6 % of the key areas is quoted , meaning that there is other outstanding land that isnt key outstanding I pressume. No mention of the final payment on the mill . From memory there was about 350 k outstanding .
Nero, you said the same about q1.
I think the phase , on track is quite amusing considering the fs, bfs or whatever it is is nearly a year over due. Anyhow , lets hope it is out soon although everybodys understanding of soon for sure varies.

Bhargav, whatever reasons/excuses the board come up with for not buying shares, the fact is when they have been free to buy shares they have bought pathetic ammounts. Any serious investment advice always draws attention to how much skin the directors have in the game. Yes we have majors involved but very little actual sway on what happens.
Lets see what happens in sept.

Sam, I pointed out to 888 about a month ago that it maybe folly to assume that cnr will follow the gold price. The gold price bottom was in aug sept 2018 and cnr was around 40 p six months later it was around 18 p if my memory serves while producers reacted to the rise immediately. Thats why I was adding producers 1-2 months ago stating that a quick 20-30 %was on the cards with gold price rise. Most of my producers have risen by around 20/25% over the last month with the added benefit of dividends. Wsbn is the only non producing goldie I hold that is in nice positive territory.
23 p is a decent buy price imv for when positive news eventually appears. I think if the gold price holds in the medium term or improves further then cnr share price may well get close to 30 p before news but no guarantees on gold price.

Ezlee, I certainly will be de risking on a good spike and not waiting for 40 p . Personally think it will be a long wait for 40 p. Hopefully before the confetti machine starts in a year or so time though. Nice little run in wsbn recently .

Frenchie, yes it was mc that suggested that full studies may not be needed and converted to fact by blueskyers. The dfs is 9 months overdue and commenced a long time previously. I do not believe it to be the result of data room visit , rather fairly standard practice to get to funding.
E l, it is mutual, listening to posters perrenially posting overoptimistic scenarios, failing to admit it and inventing scenarios to explain their way off predictions is not only tedious but very misleading . Well there has been plenty of posters posting about buying when prices were higher. Pretty obvious from volume even if you all are poker face investors . would have thought posting if you buy when u buy would increase sentiment and since mr 888 thinks I post for some ridiculous idea that I can affect the sp then surely confirming buys would do the opposite ,no?
888, perhaps it is worth reading the difference between a dfs and a bfs. Agreed , mc hasnt been specific on the term of the studies. Dfs and bfs are seperate recognised studies. Of course it is true that the metallurgcal studies would be the technical study for finance. Now perhaps you can explain the difference between dfs and bfs. Bfs is to do with finance.It is possible that a combination of both will be released I guess. Personally ,I doubt that finance will closely follow fs. Lets see shall we.

https://stockhead.com.au/primers/your-guide-to-mining-feasibility-studies/
Bfs one stage further than dfs
Interestingly when I stated the need for these studies years ago when questioning the timelines, it was stated that they wouldnt be needed. Glad that I stick to de ramping instead of way over optimistic blind Faith. I think over on advfn , unlike many here they have wised up over the years of over optimism and ever extending timelines and find 888 post particularly laughable.
Gold producers up significantly over the last month generally , crypto up very nicely, cnr stuck at 23 p. hopefully see a move up with some news. Would have thought that all the blueskyers here would be loading up at this bargain price when our latest downgraded price forcast is 80 p. Not so long ago a £1.20 one was being bandied on here and £1.50 before that, none of which were attained so good luck with the 80 p. Decent buy now for 30 p plus imv but there are loads of other opportunities that may be more rewarding. Been a good month in crypto from the lows . As always entry and exit point all important . Gla

Tester, mellon predicted 100 k oz for this year and 150 for next year and that was only a year or so ago. He hasnt a scooby whats going on. Citizen, unless you also live in a tax haven and can write your investment off against huge profits elsewhere I would suggest that following mellons buys with benefits hasnt always been the greatest pointer. .I remember 36 p being a good entry price because mellon was happy to pay similar with the added benefits. Good luck tho.
Awax, good luck topping up , looks like a decent time hopefully . 22-35 p is a nice return and very possible. The dream figures of some are a different matter. Lets finally see this bfs.
Nice day in wsbn e l.

888, mark also said it would be ready in two weeks back in q1. You think we will get an rns this week ? I will be amazed if we get finance at the same time or close to bfs personally . Sorry deramping obvs.

888, agree the sector is significantly depressed and a good buying time for any miners right now and good dividend paying producers is my main buy atm . However will add some here if we drop below 20 p which looks fairly likely. One word of caution. When the gold price moved from its bottom in aug sept 2018 and producers moved up with the gold price cnr went from around 40 p to sub 20 so a rise in the gold price is no guarantee. Having said that I think around 20 p gives a good risk reward for 30 s. Odd though that the mister positives on the bb dont seem to be buying? If it made sense cos mellon paid 35 p it must make big sense now hovering near 20 p . No?
Your positive speculation for 3/4 of a year over time on bfs is always enlightening 888 but wouldnt use it as Investment research .

888. Another fact for you . New 12 month low.

888, agreed it is fact cnr was up 4.5 % yesterday. It is also a fact that not too long before the last raise the sp was around 36 p. It is also fact that the bfs failed to appear in q3 last year,q1 this year and q2 this year with mc stating a couple of weeks left about 5 months away. None of this is de ramping. Also doesnt mean that it will not finally appear in q3 obviously . All my reservations about timescales and cash raises over the last 5 years have actually turned into facts whereas all the unfounded over optimistic posts have turned out to be, well exactly that. Offer proof to the contrary or desist in your hackneyed de ramp bleatings . Please.

888, you really are a joke. The bfs was two weeks away 6 Months ago. Your constant drivel about de rampers is wearing a bit thin now. You call it de ramping , sane people call it fact. You have got diddly squat correct about cnr but may get something right eventually. The fact that this bfs is already 9 months late and you have been shouting de ramp for the entire period says it all.
personally , with all the defensive posting here I am surprised that peeps with their 500 k etc holdings arnt filling their boots. I would be adding a few if freeshare hadnt recently deleted cnr but not interested in paying dealing charges. Good luck all.

Webbs, thats why I like freeshare . Can Buy £5 worth if u want when skint. No charges and split shares in us shares so can buy fractions of $2000 shares. I really like it for averaging . No costs is great for peeps with less cash and makes trading easier cos u dont have £10 each end. I have an isa with them and find it really good . Dont really use my ii acount any more