Member Info for Seingred

pebsi, I was buying around the price you entered . shocking that you are in negative territory. I think that you perhaps need to wake up to the fact that aim is a traders dream and best to follow that somewhat. I generally try to trade some of my holding on the way up and wait to re buy when they invariably drop. there was some fairly blatant ramping when this was over 30p , normally a red flag. Nobody here attempts to justify the sometimes outlandish near term price estimates. look at m cap of peers then work out a serious valuation. sentiment in all my explorers is low atm but most of my producers are up over 20% over the last month. If you are only 30% down that isn't really terrible. The majority of juniors lose value over time with a few exceptions and gains as here are generally seen quite quickly. biker mentioned solg, well around 11 years ago it went on a massive rise from pennies up to around 60p if my memory serves, it then returned to pennies, now it is still half its peak . obviously entry and exit strategy is all important. when you have seen a 10 bagger, ignore peeps telling you its going to a pound and bag your profit. large profits made in covid shares , when the vaccine was announced was the time to sell. right now ,I see alternative energy stocks as a good buy for the next year. Hopefully you haven't made the mistake of having too many eggs in one basket. if gold price stays high medium term I would expect to see explorers have a run. good luck I suspect there will be some here down more than you. good luck.

c f, the plan from the beginning has always been sale, otherwise yes get into production early and drill from revenue .

chicken, wise move. The only sensible course of action in these aim shares. I try to do it on a spike but 10% or more is worth it. The idea of just sitting there, buying when it goes up just doesn't make sense.

cambells, I was wondering that. clearly there are enough outstanding. history says that they are more likely to want more with more warrants rather than settle at a significant discount. Depends how much effect the bfs has on sp I guess.

nero, it is not a de ramp as claimed by icb, raises are inevitable, the problem is that many do not factor this in at all when making sp predictions. It is not a concern to me but it is not a good idea generally to buy shares before a raise. its my guesswork obviously. I try to manage my holding so as to be minimally affected. obviously if you expect a discounted raise then that is likely to be the best time to buy. that said I have been adding gradually since mid dec also and I could be wrong obviously.

if you watch any investor advice , particularly in regards to explorers, a significant holding by the board is always stated as a good pointer. skin in the game. I am a pretty lowly peasant and hold as much as him, he obviously either isn't greatly successful or really doesn't want to bury very much in here.

nero,unusually I don't disagree very much. the only question is if we have enough cash to get to financing which I am not convinced of. last few weeks been beefing up a bit on alternative energy sources that were hit hard last year but looking racey now . plug power ,fuel cell, itm and ceres and looking to add some solar. seems like a no brainer and looking to expand in this area.

As well as the fact that mc in interview did not rule out the possibility.

c f, concur with that, which is why I suspect a smallish finance will be needed.

rob, best to compare to buritica. . 25% of £800m is £200m. it will take many many years too prove up a resource the size of buritica and will take more than $30m. It remains to be seen how long and high the gold price goes but one thing is guaranteed, costs are rising fast whichever way gold goes. As regards possible gold price in the future, anything is possible but I prefer to be pleasantly surprised . If we have a sustained gold price rise the sentiment will extend to explorers. all of my explorers are low atm.

all my explorers are down considerably . most of my producers are up between 15 and 30% in the last month. I have tried to warn against over expectation here. we have a m cap of over £20m which personally I think is reasonable for a company with no defined resource. some of the fantasy sp predictions have been just that. jus look at the m cap of other miners and just forget ggp which itself is well over half its record high. look at gran colombia , what it has and its m cap. last time I looked around £300m ish. look at our explorer peers in colombia. m cap less than ours. I hold calibre shares, their exploration is around $20m and have 18 rigs on the go. buritica sold for $1b usd. we to all intents and purposes are valued at 25% of the asset.we are years away from having proved resources of a similar size . 25% of $1b is $250m or £190m. some common sense needed.just because this went to 40p on an extreme spike doesn't mean we will see it again . If you bought on the hype on the way up thats a shame, I try to keep expectations reasonable. Nobody really justifies how they come up with their valuations apart from continually referring to ggp. This isn't ggp. good luck .personally hoping for twenties and a nice de risk. looks a long way off but things can change reasonably quickly. good luck all.

icb , mellon is so switched on that he hazarded a guess last year that we would be producing 100k oz this year and 150 k oz next year / I am a lowly peasant but it was cristal clear to me that he didn't have a scooby . mc intimated that mellon wasn't for a toll mill deal. I respect R beaty and he has skiddadled but still a valued holder in gallantas. I hold some equinox, currently up 30% this month and pan American . personally not overly critical of mc , most of the issues are the result of extremely over optimistic posters with their own timelines and fag packet calcs.
most decent producers are up 20% in the last month in tandem with gold and silver price. cnr is in no mans land until bfs but more importantly funding. that is not deramping , just fact. after bfs its anybody guess what might happen, could be a very good tie up. we are finally close to the next stage which is good. i am adding bits sub 30p but wary that there may be another raise. just my opinion. if it should turn out to be correct will you finally stuff with the de ramp bull? probably not.
each to their own. I think sub 30p is a good buy price , and I prefer to buy low rather than high. makes making a profit a bit easier.

icb, you called me a de ramper when I expected a raise at 36 p , when it duly came with the usual added benefits you still called me a de ramper and came up with support for the raise? It is clear that you are a complete fool. so if another raise does appear are you finally going to admit that fact. I am not saying it is a definite but I think it is a fair likelihood which is why I am not going in heavy here atm. I have been buying little bits around 30 p, which is where I want to keep my average. I stated when we were in the low 40s that I couldn't see the sp moving forward until after bfs which is why I sold some . selling around 40p and 36p and buying back at 30 p is not de ramping its common sense. I haven't spent my time constantly criticising mc , I just state what is generally pretty obvious without rose tints. Interesting to have a peep at posts from peeps from 1, 2 and 3 years ago and see how spectacularly wrong they have been with timelines and shares in circulation when in production. my estimates generally have been in hindsight over optimistic in reality so that makes you either a deluded "ramper" or a thick moron. I know which my money is on.
simms, I moved more into producers to take advantage of the gold price rise when it came. cnr isn't alone, most of my explorers are doing badly , some worse than cnr over the last couple of months for various reasons. If there is to be a toll deal there will still be a significant time delay before receiving considerable cash flow but it is desirable. gold is roaring, just remains to be seen if it continues or has another large pullback , so bfs is coming at a good time. The flip side is that costs in all areas are now rising fast and will continue for the foreseeable. I have been adding small amounts regularly since mid dec on the dips. Thats not de ramping .

you said that when I predicted a raise at around 36 p . yes, we are funded for the bfs . you think mine finance will come immediately , me not convinced on that one. what about buying land . not saying it is a definite but I will not be surprised if we get a raise in april . of course as with the las one , you will shout de ramper, then defend the raise if it happens . 25 p with usual benefits is my guess if it happens.

hi willow. had a few from a few years ago at around the same price. not really up to speed here tbh just a smallish punt. I had palm, wsbn cobra and omi as my main goldie explorers but been buying more into producers over the lows and stretching out into copper and lithium. i like that this is good jurisdiction. ha ha, you spoke too soon. its locked in syndrome I think. still, if it makes them feel better glad to be of help. hope you are making some cash. not great atm generally but producers starting to move now.

simms, I think that if a toll deal is coming it is likely to come together with a strategic investment.I have always thought it a little odd that the ufo was allowed to go to a competitor. mm
icb, trying my best re bottom , but reservations because I still think there is a reasonable chance of a small raise , maybe £4 in the next 4-6 weeks. . we still owed 350 k on mill from memory and still land to buy as well as the costs for bfs and general running. could be wrong of course. interesting couple of months coming up.

webbs, yes , just the little matter of elections and petro being fairly anti mining and a possible winner. Honduras just banning open pit mining and permits. joining peru.

noel,I have been investing since before black friday. gold peaked at the beginning of the eighties and took 25 years to re touch that level and is not even 300% up after 40 years. bitcoin and stable coins showing their strength in a highly inflationary period. I have seen these astronomic forecasts for years , don't get me wrong , I am heavily into gold shares but crypto is the only asset I have seen astronomic gains. I did buy my house off the back of buying wpp at 50 p and selling around 1998 for around £ 8 but that was more than a 10 year hold . imv alternative power stocks are one of the sensible buys.

i had a mini heart attack there for a minute.up 4,676% in my acc .couldnt sell them tho lol

cambells, calibre have made incredible strides but as we see markets can be fickle and it is easier to theoretically call a share price and profit , aisc when it is two or three years down the road but the proof of the pudding is in the eating as hum for example shows. personally if it doesn't happen for gold this year I am going to look to reduce in gold shares because it is hard to imagine a more conducive time for gold to do well.