Member Info for Seingred

Jofan , cool .

https://www.law360.com/articles/1407136/financial-consultant-sues-zambian-mining-co-for-14m
Cant read the full article as not prepared to give personal details to sign up .

Nmlcnr, its happened before but I doubt you will be buying in mid twenties barring any major problems. I do expect a range of 40-60 p ,revised from 45 p lol.
Somnambulist has raised one. There is an upcoming election where the opposition leaders are locked up and parties being banned . Some may see an ortega shoe in as great news but there are possible downsides to this. The us, eu and a number of other countries are sanctioning Nicaragua . Authoritatian regimes like Russia,Iran,Turkey and China are all ready step in.
Somnambulist, The last time Ortega lost an election he was also way ahead in more widespread polls so that probably explains why he is taking no chances this time . Although it seems like opposition is crushed with a total ban on any rallies except fsln organised ones ,if protests should happen the consequences will be bad.
Too many question marks for me to buy more even at 38 p ,there will be chances still to buy when everything is clearer,meanwhile excellent run on doomed crypto over the last 6 weeks.my crypto pf is rapidly catching up share based equivalent having invested a fraction of the equivalent cash more to come on that front imv over the coming months .

odd to lock up all the opposition then.

Cambells, will be interesting to see if f m participate in the next placing . If they do it would be a pretty good signal that they are likely to be in on the finance placing .

Tsbs , its magic mushroom season soon , might help with the dreaming lol.

Cambells ,yes my mistake 3.1 ,memory failing slightly.

mapp,I havnt experienced too many problems buying but I buy when most are selling . suggest you put a limit buy or sell.

it is unlikely mellon will buy on the open market now imv because as we know there is going to be another raise this year prior to the mine fund raise.This will be another opportunity for mellon to up his percentage of cnr on the cheap so is hardly likely to help lift the sp prior. mellon on his own admission made his fortune by robbing Russian grannies of their shares. Ross Beaty,serial mining big boy and environmentalist has reduced his holding . mc holding in the company has gone from 9 % ten years ago to two per cent now .
I am neither selling or adding here. just see how it pans out.i mv we have most likely seen the bottom barring another run on gold and expect 45-60 p range for the forseeable future.

Hi masks, been in here since about 5 p just been adding on the dips over last few weeks .usual mo .

E l, yes I am surprised we have seen nothing of the rio connection yet. Large miners put out feelers all the time and take some up and not otheres. I dont think There is anything in Nicaragua politically to put off miners entering but as mc stated in the interview it definitely has a bearing on valuations. Large miners do also exit jurisdictions after years of expenses .shg recent high grade aquisition is a good example but similar to b2 gold with calibre have retained an interest inbthe projec through shareholding.
I think a deal is still a likely scenario for cnr ,just a question of when and how much.
Meantime what the gold price does in the meantime.
https://www.kitco.com/news/2021-08-26/Fourth-quarter-could-be-as-good-as-it-gets-for-gold-prices-to-peak-at-1-900-Bank-of-America.html

Risehall,send him to screwfix .ouch .

Crypto is gong to see another surge this year . A better bet short term I think than most goldies . I am hoping for a nice spike if /when nm cash is anounced and the start de risking some .
https://www.kitco.com/news/2021-08-26/Fourth-quarter-could-be-as-good-as-it-gets-for-gold-prices-to-peak-at-1-900-Bank-of-America.html

Been topping up in the 9 s recently . Nice to hopefully catch a bottom.

Icb, calibre is already producing 180 k oz pa with aisc falling consistently 16 drill rigs working and pretty impressive grades being discovered and production set to expand further. Cnr currently are 2.5 years from producing 100 k oz so when exactly do you expect cnr to be Nicaraguas largest producer? It was said about ten years ago when cnr was expected to be up and running in 2016. La India will quite possibly be the largest mine but cnr will not be bigger producer than calibre . But it doesnt have to be, the economics are v good for both.

Cf , thats a decent comparison. Yes I think first majestic jv or significant holding has to be a possibility.Be interesting to see who takes part in the next funding.
Icb I think if any suitor took that comparison seriously would be better off making a move on calibre ,currently £300m and producing around 180 k oz pa and cash in the bankand 16 drills turning as we speak to increase resources.

Icb , calibre is a much more sensible comparison .Any savvy investor is not going to swallow that comparison. Sorry. It smells a bit diseingenuous tbh , taking the extra info that c f has sensibly added.
Any potential bidder will have their own valuation and will disregard that comparison completely . Like many I think at some point a deal is very possible, just remains to be seen what kind of a deal. Could be jv . agree we are heading into an interesting period .

Only rns I am bothered about is receipt of cash from Nm as this will drop like a stone if it doesnt appear.
Having said that ,adding small ammounts under 16 p and selling a chunk if we get a good spike .

C f, deffo not a sensible comparison.even calibre at £300 m wouldnt be either as they produce circa 45k oz per quarter,but is in Nicaragua.
Had to laugh when he explains that you have to be careful where you invest .some countries apparently dont even allow mining . As we thought cf another raise this year .my guess around £5 -6 m. 10-12 m shares. Still coming in around 200-210 m shares going into construction imv.
Politics, he mentions a couple of the opposition leaders arrested ,well basically all of them without family or legal access. He also mentions a few of the gvnt sanctioned, well most of the ortega family actually amongst others.
Proper interviewer for a change.
Still sketchy on the timelines if you ask me . It should be obvious from this interview that dividends are years away as I stated recently . The plan, pay back loan,explore and develop underground from revenue. My guess is still commercial production 2024 debt free 2026 then underground . Dividends some considerable time after this .All being well.
Of that 22 per cent director holdings,mc now only constitutes 3 per cent having held around 9 per cent 10 years ago when cnr raised at £1.60 p share ,so he has already diluted himself pretty heavily no matter what he would like but as the presenter points out he has unlike holders received wages, and options etc.
Re land ,you can act as if you own somebodys land as much as you like but until you own it you dont own it and I am slightly suspicious of this attitude personally. Overall ,happy to be in around 40 p and can still see 70-100 p in short /medium term .

Elgordo, indeed . According to mc banks have been offering to throw money at this project for the last couple of years so sounds like a fairly easy job to bag half a mill Or more and a good wage for another couple of years work . The economics of the project makes it a fairly easy number compared to calibres deal ,unless it becomes more complicated for whatever reason.
Interesting few months coming up.