Member Info for Seingred

https://www.bbc.com/news/world-latin-america-62049478
Latest geo politicals.

Well, peeps immediately want to make the case that a bfs that missed its q4 2021 timescale , q1 2021 timescale and now q2 2022 must infer a good scenario. Call me a de ramper but it makes me wary and reminds me that mc didnt disclose the protests against relocation and it was left to mellons ex partner in crime tw to inform us. Dont get me wrong , it may be good news but historically timescales have been very loose guesswork and there could be a less blue sky reason. Could just be everything is as always much more slow and expensive than mc guesswork . Mellon said 100 k pa production this year and 150 k oz priduction next year . He is a company director .
c f, can I ask what he has told you that explains why the bfs has continually been moved back a quarter since q4 last year?

E l, I am openminded about gold price. However I am sceptical about the $2500-5000 price many have bandied about for the last year or two. Personally I can logically see gold price moving in a $200 range which if you look at the last year or so there have been monthly 20-30 % rises and falls a couple of times in sp of most producers. I made the same call a number of years ago buying into aaz and shg when the gold price turned and being quized on my rationale. They are both even now after considerable drops double the sp that they were then unfortunately cnr quite a bit lower. I see a rapid rise for a number of producers if the gold price rises $ 1-200 but less convinced on explorers. Producers can bag the profit now , cnr although having good grades it is still hard to determine how high their costs will be at production and what price gold will be. The one thing that is guaranteed is that costs are rising significantly presently.
You could very well be correct that cnr wont accept a low ball offer , what is not so clear is that any other kind of offer is likely. My last buys were at 20%lower than the previous raise and I will only buy at a reasonable discount to the last one. I would like to bring my average down from 30 p .

C f, good reasoned useful research. I think for sure aisc for all miners are rising substantially twinned with atm falling gold prices make the future profitability of most miners hard to guess at. Luckily, cnr costs should be lower than many. Agree that mako do seem overvalued and personally see calibre as a better investment. Those are good grades though. Also agree that in todays market cnr should be valued higher than mako when in production but that is a long way off yet. We both expect in excess of 200 m share, just a question of how many more. I find it hard to see much above 50 p for the sp before production unless we have a parabolic gold price which I am more cautious on than many.
May add a few more here if we drift further but more interested in adding a few good producers currently who will move directly in tandem with the gold price.

888s low grade multi id ???

Trading is the only way to safegaurd aim investments imo. Only rarely have I sold and regretted . I sold some wsbn at 13.75 and buying back now. Frowned upon by many but common sense sell spikes and wait for the pullback. Personally I dont have a lot of spare cash so it is a good way of increasing your holdings without investing ever more capital. I do like free share , makes bottom fishing with small ammounts very useful, buying small ammounts, regularly. Think wsbn is a decent share for trading a bit of your holding. Gla, buy now for an easy 30% .

https://abcnews.go.com/International/wireStory/nicaragua-closes-mother-teresa-charity-100-groups-85974931

Mm, same old same old. What is holding up something that was a fortnight away months ago. Of course 888 will turn up an obvious positive reason for this. Quite possible that another little raise will appear in oct like last year. Wont be surprised to see sp dropping further. May add a few nearer 20 p but have become 20% down and not liking the smell presently.
Yes the geos are definitely heading in the wrong direction and who knows where the gold price will be when this finally gets to production. 888, good luck with your £2/4 , extremely wary for me and staying a small part of my pf.
E l, wsbn baring out what I said about banking profits on spikes. Just looking to buy back now. these aim shares are not run for lth benefits generally. It is carnage nearly everywhere you look right now. Gla

Dnoel, yet again I guess you need reminding that your first prediction here was 70/80 p according to your charts. So l dont see your so great at predicting . Predict high and low then whichever way it goes claim to be an oracle. Lools . Any moron could do that ,no offence.

888, starting to wonder if you are a bot programmed to come out with the same hackneyed accusations lol. Firstly , cnr isnt a great trading share and my posting has been consistent for more than four years regarding timelines and fundings . I am not a trader but will trade when sensible. Only a fool buys at 35 p or more if you think the sp will drop 20% or more. Placings timings have been pretty predictable to me. I dont post for your benefit, you clearly are a fool but some who read here actually want to minimise their losses. What have you ever got right here in the last 4 years?
E l. I have neither added or sold in calibre. Not been a great buy so far but at least they are producing a lot of gold and moving forward. Cnr missed q3 jast year q1 andq2 this year to finalise bfs and still ongoing . Yes I absolutely do think Russia has the wherewithall to get in the us face in Nicaragua. They have longstanding arrangements in cuba and venezuela so it is just another stop on the tour. Does this sanction affect cnr materially , probably not but the deterioration in relations is ongoing. Foolish not to consider possible developments. Yes gold is produced in worse jurisdictions . Look at hum and coras sp currently . Polymetal still producing gold but sp down over 80%. Many companies have exited drc. After all it is the sp that most are concerned about. I may decide to exit both if I see things deteriorate. I think if you look at venezuela do you think the us has been worried about the population.
Regarding Russia, I think imperialist Russia is a more dangerous prospect than the ussr tbh. What do you think the us will do when Russia parks up warships on the caribean coast and works hand in hand with the already brutal police. You can dismiss these questions as irrellevant but I think anyone looking to lend $100 m will be a bit more wary than 5 years ago.
At the end of the day I will continue to invest on the basis of my readings and you on yours . good luck. I am more positive on wsbn and may swap some there but for sure aiming to sell spikes as it is the only sensible action in most aim shares.

888, what you are missing is the onward progression of sanctions on Nicaragua. Do you think that Russia will turn down the opportunity to ratchet up tension in the usa back yard in retaliation? Seriously. The us main aim will be to bring down ortegas gvnt similar to in venezuela. Unfortunately ortega has taken Nicaragua down a similar path where democratic institutions are now incapable of furnishing a fair democratic process so the us uses their blunt tools of sanctions.
It really doesnt matter what mr red or mr treble 8 think , funders will take note of the worsening geo political situation and make their minds up. They dont have the issue of having an already underwater investment to cloud their judgement. I am not saying this is a project killer but it is foolish imv to ignore deteriorating geo politicals but hey you pays your money and takes your chances. Do I assume you are loading up ?

Tester, I have been pointing this lurch for quite a while. It is obvious that the political situation between the us and Nicaragua has been worsening and that to my knowledge they have little exposure in the mining sector except possibly supplies but they could make things more difficult. Nicaragua has been strengthening ties with Iran which processes much of venezuelas gold.
I think us investors will be wary as tensions rise , and they will. Nicaragua openly supports Russias invasion of ukraine. No matter what your views on geo politicals , a worsening in relations will not be helpful. On the other hand china is strengthening its presence.
I am wary and not getting too deep here. May add some more around this price but looking to offload some on any possible spike into the thirties if it should happen. Its a long way til production and even after finance there is no guarantee that everything goes tickety boo like many assume. You only need to look at pure, or jibbos sure fire bet hum.
Hard to know how badly any further deterioration may affect cnr but generally the market doesnt like uncertainty. Whole market is pretty hammered atm so cnr sp isnt actually doing to bad all things considered but not impossible to perhaps see lower prices yet.
Gla

https://www.aljazeera.com/news/2022/6/16/un-rights-chief-warns-of-unprecedented-exodus-from-nicaragua

https://apnews.com/article/russia-ukraine-nicaragua-board-of-directors-80eec5542952d239c3a2f6eff32c2298
Bit of geo political.

Thats true slippery, Bit worrying that even our private oligarch doesnt want to fill his boots though, no? Or our ceo. I am sure jim would have let jimski have as many as he likes.
Tester, each placing has had the words over subscribed attached , I think claiming mellon has been benevolant is scraping the barrel. I think a couple of p is neither here nor there on the placing ,the fact is until recently the line has generally been that we wouldnt need a placing. I said over 6 months ago there would be one before finance around April / may. Kind of lucky it came out as the rest of the market has got pumelled but a shame he didnt pop it out when we hit 37 p . I seem to remember long ago, around about 2018 you predicting we were heading to production with around 100 m shares with various explainations of why. This is not a prediction but I wouldnt completely write off another smally around nov if there are more hold ups. Sub placing seems to be a decent risk reward , sell mid 30s to 40 p . All these dreams of multi pound sp are just that imv. I have lost track now of how many raises have been to further the fs and get us shovel ready.
E l, agree its best to have a strategy. I have been clear with mine for years but taken a lot of stick. It is basically ,if you think the sp is heading south , sell some and buy back. If you have a good profitable run, sell and buy back Later when inevitably they drop back. Worth bearing in mind the majority of aim shares return holders losses so hoddling is a very dangerous strategy.
Cnr is about where I imagined , I hold a different view regarding the Russian connection so am very wary here and will continue to trade where possible to keep a low average. Currently down a couple of p which is better than a lot of my other miners presently, arcm and wsbn apart.

Kkk, a good example of timing . Some of us were buying bitcoin 4 years ago at $4 and eth at $200. Entering a buy phase to me . What has cnr done over the last four years, dropped from 60 p to 27 p . Dont buy spikes ,sell them .
Dont get me wrong , still painful seeing potential profits shrink but not as painful as seeing losses mount. Classic example that trading and taking profits is a sensible alternative to sitting on your hands and hoping for the best.

El, for me this raise has been nailed on despite 888 de ramp claim. What disapoints me is mc claim months ago that we were two weeks fom finalising fs. Now the current raise is primarilly to finalise the fs. Doesnt suggest to me that even now it is a couple of weeks from release. Something doesnt add up. The 28 p is reasonable in the circs . My expectation was 25-30 p.
A good op to get a few today around the offer price which considering 35 p being good enough as a buy signal last raise , 27 p should be irresistable.
Still a long way from gold production . Good luck all

Glad its finally out of the way. Surprised it wasnt earlier. Primarilly will be used to finalise the fs. So how comes it was going to be released in a couple of weeks like 2 months ago?
Wonder if first majestic who accepted shares at 50 p for their mill have bought some at almost half price ?

Icb, Russian foreign ministry also stated they had no intention of attacking Ukraine days before it attacked Ukraine . They are going to help with policing . Russia brutalises protestors for calling his special operation a war and is going to help an ally that outlawed protests .
This is not going to be helpful . Things are moving geo polirically in a bad direction imv . Putin will take full advantage to show us that it can also make waves in its back yard. For context you really need to pay attention to ortega pronouncements over the last few years rather than Russian state media.Anyhow no need to worry because if you believe Russian state media , they will wipe us out with one of their new super duper nuclear rockets.
https://www.theguardian.com/world/2022/jun/02/nicaragua-cancels-non-governmental-organizations-civil-society
share price holding 30 p atm which is not bad in the current maelstrom.

https://apnews.com/b424de6b64611ba1202fb9e2b634f130