Member Info for Seingred

blondee, end of this year will be £1 plus .Think I will screenshot that. Personally I think you are dreaming and basing that on nothing but wishful thinking .oh well ony 3 and a half months to to see if that is pointless ramping. My guess is it will be closerbto 10 p than £1 ,ie less than 50 p.lets watch this space This project is 10 years from production imv and nobody has a clue where the gold price will be by then . If we have a drastic decline in gold price which is very possible nm could quite easily mothball the project . Majors can afford those kind of calls whereas small companies just find themselves in a hole and issue confetti to survive . This is not prediction just caution .
Sotolo, if we hit 40 p anytime soon I will be taking a good portion out . This is likely to spike and retrace with news . I am in a number of goldies and experienced the numerous pitfalls.
Presently gold price is ok and could take a hike north. It is generally best to make hay while the sun shines .
Sharetrader , you always get rampers with their fantastical valuations on these bbs .You also get a lot of people who lost a lot of cash by paying too much attention.
Good luck with the estimates guys but trying to justify a present sp by using a lom income that wont even start for another ten years is sheer folly imv but happy to ride the ramp and cash out on any spikes . I do see this as a good risk return play but I see profits more guaranteed by trading the highs and lows rather than hype up the future sp to ridiculous levels.
Gla

Amanensia, agree a 5 m oz fully proven resource will take many years together pfs ,bfs and permits. When you mention 3 years to production do you mean from now.if so that is beyond agressive more in the realms of fantasy. Construction alone would take up to two years.
Meanwhile attempts to derive a shareprice ffom 10 m unproven oz multiplied by fag packet profit over the lifetime of a mine to give an sp valuation is laughable I am afraid .no miner is valued like this and I am afraid there are likely to be some seriously disapointed folk here .
Suggest a look at this link for a gold in the ground valuation starting with $20 per ounce for inferred.
https://munknee.com/how-to-value-a-junior-miners-gold-in-the-ground/

Nero, I am not in tech at all ,I am a woodworker . I am not interested in peeps warped moralistic take on crypto . When tester posted laughing at bitcoin crashing to $4500 I said it was a buying opportunity. Its now $46 k . I bought eth at $300 now $3400. Gormless investing is missing out on these kind of gains and perrenially averaging down in a share that listed at £2.70 and presently resides at 42 p . Re property, rent is dead money. Property will hit a peak and as in all cycles , those entering late will take the hit just like in crypto, gold and share sectors as most cnr holders now know. No matter what you do for a living your views on crypto doesnt affect others gains no matter how much you scoff. When the ponzi scheme ceases to exist then you can claim the high ground . Of course as in shares there are crypto that are not going to stand the test of time but many would have said the same of google once.
El, you can find articles claiming the earth is flat ,doesnt make it true. My reason for investing is to improve my finances. That article could just as well be levelled at a large section of hardly regulated aim which often is set up just to benefit bod's. Conning old grannies sounds like our biggest shareholder. Yes it is possible that crypto could collapse just like cnr sp did in el salvador and pretty much in Nicaragua thus far . thats investing . However bitcoin has been going about as long as my investment in cnr? Bitcoin listed. At around 50 c I believe cnr £2.70 . bitcoin is currently $45 k cnr 42 p . Anybody who hasnt put a bit of bitcoin in their pf is a fool imv but I know a lot of people that wouldnt dream of investing in mining shares for ethical reasons. Crypto will for sure have crashes but if eth or btc lost 90 per cent of their value ,anybody in for much more than a year would still not be out of pocket . Lets just hope gold doesnt crash which of course it will at some point .just a matter of when.
Just interested at what sale price do peeps think cnr would actually represent a profitable investment ? I suspect factoring in 7 -10 per cent real inflation pa £1 wouldnt give many here a real profit at £1 per share .

Phoebus , twice in one day lol. I been in here for a while since 4 p just like omi. Been buying recently sub 10 p .

E l , just poolin yer leggie.

Cf, yes mirroring my thoughts . These scenarios are aimed at possible buyout or partners as much as anything . As el lion points out, it is not so long ago that saria in Nicaragua press was touting a much smaller scenario. We are all none the wiser still on the actual plan and funding .I suspect still hoping for a deal.
El that was a big top for you ;)

Cf, absolutely that is going to be a good possibility , has to be over £1 so I would be ok with that .A bird in the hand etc.

El, no crystal ball just common sense .I have questioned people bandying $690 as some kind of guaranteed costs .our projected costs are looking more in line with calibre that are reducing now they have higher grade ore. However, my remarks regarding pur is that they obviously have pfs guidance and have failed to meet them and needed further cash raises so these new figures are not guaranteed and many problems can occur .
My attention is drawn to $153 m .does anyone wish now to give an estimate for the ammount of shares to be in issue by the time of production . Condor forever, I find generally you to be the most sensible in this area. Nero, posters were quick enough to attribute a bombing oil price as a positive which it was but will now be a significant cost along with as you point out many years of inflation.
Not so long ago many here were expecting the aisc would actually reduce . These figures are not bad news at all and probably in line with well researched industry people. Certainly not set a rocket off under us. All eyes on the finance details for me as usual .
Havnt looked at this in detail yet so interested to see all the various takes on it this evening.

Hi tester, not a holder there. may consider a small punt if it goes lower but not very impressed so far. It reminds me of a video I watched by Ross Beaty where he stated caution about predicted aisc . Everybody here is looking at £690 as some kind of guarantee. In my experience most miners have fluctuating aisc and hit problems .
Still adding shg ,aaz and cey on the dips. I like the added plus of dividends .

Pur still proving that going into production is not as simple as it sounds. Worth a punt at 58 p tester?

Dr, often the market is right and overhopeful rampers are wrong . Yesterdays news was good and what I was waiting for .However people expecting £100 m mcap plus on what is essentially 25 p c of a project that is 10 years from production and without even a resource definition is rather hopeful and thats what the market shows. Shg has just anounced amazing grades in kenya ,produces 60 odd k oz pa in Tanzania and is not too far from expanding to 100 k oz production ,debt free , paying a dividend ,with a m cap of around £150 m . Cora mcap similar to omi but much closer to production. I would like to see the sp stabilize above 20 p but not convinced on that one .
£4 m is not really a great ammount for exploration tbh .calibre currently has 16 rigs working with an $18 m spend in Nicaragua and a much smaller company than Newmont . I believe if they are serious about proving up a monster they will have to up their game from $30 m total considerably . Stabilising around 20 p and a couple of good spikes towards 30 p to unload some would suit me for the next few months .Anything more a bonus to me. Much less likely to disapointed .

Well,that was short and sweet,didnt even get a chance for my de risk grr.

Some extremely good grades anounced by shg today in kenya on top of their debt free production in Tanzania and dividend, all for a £150 m cap .

Hi cf , from memory only I seem to recall that mc also has consultancy fees and some other form of Compensation . last time I looked his package came out around £200k ish but that was probably a couple of years ago. I think with another fundraise to come I reckon around 220 m shares probably . Think its pretty obvious that a sale would be best for mc and there is no chance of it being accepted under £1 .If you ask me considering some of the more fruity valuations the level for reward should be raised from a lowly £1. £1 would give a m cap of around £220 m .calibre currently valued around £300 m .£ 1 sounds fairly close to me unless gold goes on a big hike which is always a possibility so agree with your hoped for figures .

https://www.france24.com/en/americas/20210904-nicaragua-starts-legal-crackdown-on-ortega-opponents-ahead-of-election

Rtn, yes fair enough .

Hi real,glad its all working for you in cryptoland too. I am looking to start withdrawing some towards the end of the year in case the four year cycle ends painfully like 2018 but expect the next few months to be rewarding hopefully . Havnt got on the strike yet .I am not very good with tech so would have to get one of the younguns on it for me . Very busy also atm working on my house .want to try and sell my house while the market is so hot .
Would be nice for gold and this longterm sleeper to go on a run too.

Looking a bit racey this morn . Want my de risk outa the way .25 p on receipt of nm cash please .Any more gratefully received .

everyone, not saying they wont but may well not. saw it with solg years ago .massive spike and 10 years later still not back to their peak. i am in cnr ,10 years ago peaked at 11 p ,3 eq after consolidation. now 44p. these early days tend to be the most productive spikes followed by the orphan years. I find it best to go with the here and now. personally I will also be pleasantly surprised if omi hits the 50p most seem to think is inevitable anytime soon. Happy to be disproved on either.
Dont you agree that taking profit out at ggp in the thirties would have been wise and buying over 30p not too wise ?

Are they the same ones rainbow has been taking for the last 3 years?

webbs, if you want to get in on the day of good news I think you will get caught .If you do manage to buy you will likely get spiked.why havnt you been buying around 16 p ? I am waiting to de risk on the spike. Hope to sell 14-16 p shares in the twenties and keep 4 p shares for the ride and buy back again when the price inevitably drops. everybody keeps quoting ggp ,well note sensible holders there would have taken profit in the thirties.may never see that figure again which will be unlucky for anybody that got spiked with help of the rampers. good luck tho. we all have different strategies.