Member Info for Seingred

cambells, well i have gone the other way and will suck it and see. are you still watching the gap?

cf sherwood, thats the kind of deal that I would like to see with calibre and be part of a serious producer. calibre sp not wanting to progress at all. I do wonder what the fallout of ukraine will be in regards to Nicaragua given that ortega has been upping his ties with china, Russia ,Belarus and Tehran and the rhetoric. I was certainly expecting some movement for calibre with all that production and drilling.

red, do you think that the ukrainian genicidal famine inflicted on ukraine by stalin and ethnic cleansing in ukraine and much of occupied europe and russification may well be part of the genealogy. putin is strong ally with hungary , generally regarded as the most facist country in europe . putin gets along just fine with far right as trump, farage, aaron banks etc could confirm. There is plenty of examples of russian encouragement for far right . meanwhile the Russian people are being raped and the cash leaving the country and using the same tax evading schemes as their non dom right wing mates in the tory party. wrongdoing on both sides but this action is only going to make the whole situation worse. sad days .

willow man, hi , I have a little holding here and looking to add a few more.

had a feeling sng might have a bit of a rebound.

connect, yes hope no one got caught. well done faulkes and saj, always good to see peeps make profit sometimes. hope you de risk. tips are fine but still have to use your own judgement. I had moultied in sng in 2020 so had an idea of what they were about but did take sakura words in. It is all a gamble and best not to be all in with any aim share and bag some profit when the chance comes because aim definitely is fickle. gla

https://www.kitco.com/news/2022-02-21/Gold-price-will-power-to-7-400-Rally-is-far-from-over-as-perfect-storm-brews-Chris-Vermeulen.html
or alternatively. Don't cha just love experts.

https://www.kitco.com/news/2022-02-21/Geopolitical-uncertainty-isn-t-sustainable-gold-price-to-head-to-1-600-by-year-end-Capital-Economics.html

cambells, a little side bet . bitcoin doubles to 74 k before gold doubles to $3.8k.
gold is showing its strongest property , safe haven . may not be long-lasting but best to make hay. agree e l $2k could be close the way ukraine is shaping up.

hi sakura 7. yes , I remember and had a small punt . sold about a month ago thankfully along with act . just bought a few sng back this morning as a punt . I don't believe in verbally attacking posters for having a different view , all posts should be listened to and countered in a reasonable manner. I didn't dismiss your views but did have a little cautious punt. yes there is a tendency on this board to only accept blue sky posts. I seem to remember you getting a bit when you originally posted re cnr.
sareum is my only real biotech atm and a few free ncyt, any thoughts on stream ?

cf, or is that sherwood? yes they are cheap and my point about being absorbed by them giving a better outlook for holders here. I think we are at a good period for such a deal with calibre being so low presently. They can take us out with petty cash. worth checking out gran colombia similar m cap as calibre but paying a dividend and strategic holdings in canada. calibre as much a takeout candidate as cnr in coming couple of years. going to add a little bit more there. quite an exciting week just gone.
good level of debate on the other channel.

actually , calibre my one producer not moving so far.

cambells, bitcoin currently $40k was around $32k weeks ago and $4k 2 years ago so don't think it is the end of bitcoin. gold to $3 k, maybe. over $2 k is plenty good. golds best property is safe haven so if /when ukraine blows over and another fed rate rise we may see a sudden drop. all heading in the right direction currently and all the hammered producers in my pf are up around 20% in the last month and glad to have added some close to bottom. explorers lagging producers as expected but if the rise continues expect to see good movement in explorers.
https://bitcoinmagazine.com/markets/russia-embracing-bitcoin-challenges-world?fbclid=IwAR3TcYgCTXJJRVCNw9afVXKDyeDRHnifABU5Hi5VB-vhSmXP81lgjNXLEFM
mr foulkes, well done sir, wish I had had a dabble but glad to see peeps making money . had a little punt in cobra a month back, but adding little bits in wsbn, cora and palm currently.

mc hits on the fact that costs are rising . the downside possibly of that is that should the gold price get pushed back at time of production margins will be squeezed. obviously , today with gold breaking out that looks unlikely but the ukraine situation is for sure is exaggerating the gold price atm.
icb, I agree that publication of the bfs will be the starting gun for any possible approaches and cnr still looking for that. mc mention of china is interesting, especially with ortega strengthening chinese alignment . they are major players in acquisition in latin America. I don't see £2 . I think we would be lucky to see £1 presently and still think a paper tie up with calibre would be a good result for cnr holders . note his mention of friendly tie ups . buying cnr , either fully or a strategic investment makes more sense than giving a toll deal. toll deal and a decent percentage holding would make sense.
been adding a few over the last couple of days . not looking like sub 30 p anymore. gla

Re the fund. It is obviously positive to have a fund holding shares. However it is obviously a very small fund of around £24 m. only 2 uk companies, mainly canadian . their total revenue as a company is not much more than mc wages and paid about £8k tax according to companies house. just over 3% of their pf in cnr which is one of its larger holdings. cnr had a number of institutional investors 10 years ago including the ifc. I believe that all exited in the red and this fund will also be considerably in the red currently. doesn't appear to me that they bought in the last raise, so are sitting in the forties I would imagine.
re watching the video from nov , this guy mentions financing early new year and hoping for production this year or early 2023.
perhaps taken mellon a bit too literally . after the bfs should be the time for significant investors to show their hand .

tester, if a toll deal should be announced then extraction is a critical part of that process. I also find it unlikely that finance will be concluded without ownership of all the land. if it is a non issue why does mc mention compulsory purchase. building up a stock of ore before production during construction will be required.
I have always quantified why I couldn't see production before 2024. I doubt we will see a full year of 100k oz production until 2025 and possibly debt free 2026.possible underground 2027.
icb, mc has been stating £1 for years , meanwhile there has been a doubling of shares in the last 3 years, a period that most here predicted would take cnr into production. £1 presently would give a m cap of £150m . more than mako and nearly half the m cap of calibre who have $100m in cash and production of around 250 k oz pa. I agree the bfs may bring approaches . I have questioned the overoptimistic timescales and share price predictions, but we are approaching the business end now, so an interesting year ahead and happy to buy on the dips around 30 p.

just had a look on advfn, interesting debating over there.

mc was talking about the cleared area at the time. I would like to hear clear confirmation of all cleared land in an official release. good to hear someone agrees with my timeline. 2004 . another de camper icb ?

https://www.aljazeera.com/news/2022/2/11/nicaragua-sentences-seven-opposition-figures-to-prison

e l, I think 12-18 months is realistic. many moons ago mc stated 18-24 months for construction so factor in some clearance and one large piece of kit to shorten a bit. then factor in ramp up period .6 months . no first pour doesn't mean 100k oz production .
thats 2 years there . just remains to be seen how long until 'shovel ready' and funding. I note book 5 seems to think that the bfs needs land completion. I don't know if this is fact but imagine it is likely needed for finance. we know its a "non issue" but will it prolong the waiting period before construction.
What simms fails to factor in is , it is clearly stated that underground will be funded from revenue so talk of dividends is a red herring .
mc is usually fairly sketchy on timescales but we do have the end of march for bfs. over optimistic posters are more guilty of inventing their own unrealistic timescales, sp forecasts and shares in issue forecasts. lets see on the toll deal . mc recent comments encouraged me to re buy a few . I still have that nagging thought that taking the whole caboodle is a better deal for calibre than a toll deal , but perhaps they are not ready for that scenario. Interesting year whatever and everything should be clearer by summer.
A good time to enter cnr I would say which is what cnr need, new investors that will do fine from 30p and that shouldn't be too hard a sell with news.