Member Info for Seingred

dpg,yes me too.been following him for quite a long time now. glad you are doing well.

5-0, good buy price. depending on the gold price there may still be a further drop when the next placing lands which must be fairly near imo. 35-45 p wouldnt be a shabby profit . thats my new buy price. good luck.

jw, some here definitely have been expecting an instant multibagger . one such predicting over a pound by the end of year.

e l. The whole gold sector has been dragged down. I am adding high divi payers while their sp is hit. poly, rio, cey and aaz.

glad that nero has discovered the filter button ,just a shame he doesnt have one for himself.
emperor nero has a habit of being very free with his assumptions no matter how based in fact. i bought eth in 2018 when they were dropping like a stone between $500 and 100,hardly when the herd arrived.I also said btc was a buy at $4k again hardly when the herd arrived.I sold out here in 2018 when the protests started and started re buying from 25 p down to 18 p stating clearly that I believed a re rate to 60 p was a no brainer. However I sold most cnr at 27 p to buy into ncyt,sar,avct ,omi and a few others,multibagging and buying back into cnr around 40p with profits from these trades. the emperor dismissively snorts about making 109 per cent lol.
nero says there has been a 10 year bear market ,we clashed in 2018 as unlike myself and our ceo nero denies that the protests affeced our sp lol that it was the bear market. well I stated I was buying shg around 4 p and aaz around 40p because of the improving gold price ,both made v good gains . gold shares have followed the gold price south for the last year .
just to be absolutely clear ,I dont say at all that cnr will not be successful,or **** the company off I simply question timescales and expected share price estimates by many on here.Thus far I am happy for any of the attack dogs to give me an example where I have incorrect. It is unfortunate that on these boards there are always some that want to stifle discussion with agressive and derogatory posting but guess what,it wont make your shares worth any more.

yep tony , crypto motoring as we speak. been a nice little buying op recently.gold heading towards the 1600s possibly ,so more bottom fishing ops in the gold space imv. Ilike both although crypto is giving me the best gains.

E l, I think the buying op will be later in the month . Gold could well go into the $1600s ,oct a good month for a stock market crash too and the market also knows there is a cash raise just around the corner. I hope we can go a couple of months before raising otherwise may have to revise my 35-40 p guess.
Yes agree largescale protests unlikely as so many opponents have left the country and the gvnt is more than prepared. Further sanctions are something to keep an eye on though .the democratic charter is being talked about which could have Nicaragua expelled from the free trade zone which not directly affecting cnr could well be an issue.

Icb, just out of interest,when did "constuction" start in your opinion? Ground clearance started Dec2020 ,sag mill arrived march 2021. Considering mc and many here estimate construction time to be 1 year that would give either 3 or 6 months time left for completion even though funding wont be till next year sometime.

Icb, nothing wrong with my ability to read pal. Mc clearly predicts funding followed by pressing the construction button in last augusts proactive piece.I dont think any serious investor reading that would equate that as meaning Doing some site clearance and bagging a £6 m piece of kit when the projected project costs are $150 m ,we havnt completed mine designs or bfs .only a deluded fool would think that ,icb.
As for the gvnt ,we know that the gvnt advised a way of circumnavigating having to apply for yet another extension and the fact that technically we should own 100 p cent of the land. Basically a technicality.
Do you think the sag mill is the only lead item in a $150 m construction estimate? Yes progress is being made gradually but behind our vague schedule as usual.

Icb, I in no way said or inferred that nothing has been achieved . What I am pointing out is what mc stated a year ago . Now the financing for the mine build will be a year later . I call it fact you call it deramping . This is an example along with many more of why I question timescales .
You need to learn how to read .

It’s a fine balancing act, and one that may take a bit of pondering, but a decision won’t be stuck in the pipeline for too long. By the first or second quarter of next year Child expects to have secured financing and to be in a position to press the go button on construction.
Aug2020 proactive interview .
https://www.proactiveinvestors.co.uk/companies/news/926006/condor-gold-looks-to-finance-la-india-early-next-year-and-may-by-then-be-supported-by-cash-flow-from-toll-treated-ore-926006.html
A good reason to always question what you are told with reasoning.1 year out over a 1 year period so far.
All goldies being trashed presently as gold price cannot get to $1800 ,not cnr specific. Mc has said correctly that drilling hasnt been adding value but I would assume it is more towards the sale scenario .
Frenchie, I dont see Nicaraguan elections being a considerable issue in the sp. There is only 1 candidate so the result is a non issue. Costa Rica recently has processed the largest number of Nicaraguan refugees recently since 2018 to go along with the estimated 100 k since 18 so I would imagine an uprising similar to 2018 are extremely unlikely. The unknown in that scenario is the growing sanctions from eu and us and how far that will go after a corrupt election.
I am not minded to invest further until seeing the financing for minebuild next year .the impending fundraise I would imagine is having an effect on the sp too .The market knows its coming and unfortunately presently gold is under pressure. Hopefully this may change before the raise.

https://www.kitco.com/news/2021-09-24/The-real-gold-price-test-is-coming-next-week-analysts.html

biker,what peers are you comparing us to? please offer something other than ggp.

Icb, I may only be a builder but cnr are entering a construction phase , I would say it is closer to my line of work than any techies tbh . My original exchange was with simms ,which was a reasonable exchange of views , simms was accepting mellons timescale ,I dont agree . then you waded in . Are you saying that you also dont think his guestimate for 100 and 150 k oz are realistic.
When I stated that I didnt believe we would not be producing by the elections I quantified my logic by mentioning we had to update pfs and do a bfs etc . The argument was we dont need a bfs .straight from the ceo . We now await a bfs . So in hindsight it is always best to question the information given and not just swallow without chewing. Anyhow buildy work awaits .

Slippery ,yes definitely a builder, yesterday I was painting then watching it dry ,bit like being a cnr holder ;0
My prediction was that we wouldnt be in production by the elections , your prediction in 2018 ,cnr sp a month after permits £3.93 ,yes £3.93 . I dont think I am always right at all but I have as much right to a view as anybody else and time is the judge of if you are correct . £3.93 lol.that was a cracker .

Mesne, a long shot possibility yes but mellon says 100 k production.

Hi icb , I have left the directors to their job since I bought in in 2010 ,thats how I can question a timeline that is in my view unrealistic. How is this de ramping. Was it de ramping when in 2019 I said I didnt believe we would be producing by this years elections or were all the posters that attacked me just stupid and unrealistic? When I posted a year and a half ago the possibility of gold price dropping awax questione(perfectly reasonably) why I would consider this since the experts ( presumably mellon included ) were predicting $2500 .well excuse me for pointing out that gold did indeed drop for the last year along with the sp of most producers . It wasnt a prediction but pointing out possibilities . It is folly to go along with best case scenarios for future predictions .
I have been in since 2010 but have never paid £1.60 p unlike mellon but obviously me as a humble builder cannot afford to lose my stake whereas it is nothing to him and he can write it off against other investments so I dont really feel alligned with him and his warrants. So I trade when the opportunity arises so I am not under water .And I am not under water .
I think as a director of cnr he should be up on the timeframes . He did state 1 year and 18 months .if as a director he doesnt know he shouldnt just spout a random figure . Lets see where we are in a years time .However posters were quoting his timeline and I am questioning it .whats the biggie?
Incidentally ,when do you expect the designs to be finalised , the bfs and the financing for the mine build? If your answer for financing is q1 or 2 next year I would love to know how we will be producing gold next year.

Real, with a projected cost of $150 m it is naive to think the$6m sag mill will be the only long lead item required . I think its reasonable to think that we are waiting for, engineering studies,bfs and finance before ordering big ticket items . We can also see that we are entering a period where everything is subject to increasing inflation and unreliable deliveries ,particularly containers. Add to that the fact that generally cnr rarely comes near to their or many posters timelines (guestimates) . I will be amazed if we are up and running with either scenario in mellons suggested timeframe but I am only a builder not a cnr director .

Simms, I would be looking at 1 year min from funding . When are the designs finished ,when is the bfs complete and when is funding complete . My view is it would be 1 year min from finance . We do have one long lead item . Do we assume there are no other long lead items and as we see in uk presently, deliveries atm are hard to nail down . we were extremely lucky to come across a brand new completed ball mill but may well find that other items may not be so easy to source and as most note we are in a high inflation era. Particularly in respect to shipping . 1 years time for production,I dont believe it and definitely dont believe 18 months for underground .
I would like to see mc state clearly on one of his presentions production q 3 2022 .

hi simms, 12 months from now or from financing? I got from that interview he is saying 18 months till the underground.I dont see either of those timescales being the case ,would certainly be good but I dont believe it to be realistic personally .

Simms , just listened to just beyond the condor piece. Do you think he means the start of construction is one year away or production. he surely isnt so uninformed that he thinks production is a year away but then again if he thinks underground is 18 months away he must. That would be absolutely great, unfortunately I think that is very optimistic or not keeping his eyes on the ball,or a good old fashioned ramp before the next placing.
Interesting what he had to say about crypto sensible ,start taking profits off the table ,which is what anybody sensible would do .Hell you can even put some into cnr if thats not deemed dirty money lol.
Reckon the next placing isnt too far away . Personally expecting around 15-20 m shares at around 35-40 p .