Member Info for Seingred

Afraid so cambells. Personally as with crypto ,the time to buy is when its getting hammered. That was some drop to mid $1600s but recovered a reasonable ammount .Is there more to come though .
Personally going to add small ammounts in producers for the next while. Lowered my limit buy here. I am entering negative territory here now ,one possible top up mid 30s and thats it for me.
I guess it works for mellon and then the discounted raise for construction. He is likely to own a very large slice of cnr by sale or production time for not too much cash .
If bitcoin got hammered like gold the last week we would have the bitcoin is doomed posts . Gold will recover just like eth and btc have, hopefully as fast.

Sp heading sub 40 p ,anyone wanting average down op, looks like it could be soon.

Said it before,no reason to pay over 20 p here. Entering buy territory again.

Dr. M cap $16 m canadian.

E l, thats fair enough. If cnr were the same size and debt free with $60 m in hand yes I agree m cap should be similar, however even when we get to production we will not be as big as calibre without the extra underground which will require further financing. I think your profit figures are flawed for your calcs but what is impossible to guage is the gold price when cnr finally achieve commercial production but it would be fair to say that calibre along with most producers will rise significantly if gold gets good legs over the medium /longterm so there lies the upside if cnr produces at a good gold price .
Debate can be useful but Agree, best to park up.
Good luck for yourself also E l.
Cf yahoo has calibre p/e at 5.27 presently .

https://havanatimes.org/features/us-advises-extreme-caution-when-investing-in-nicaragua/

https://havanatimes.org/news/us-meddling-unites-iran-and-nicaragua/

E l, calibre are expecting to produce 180k oz min this year . Their costs are high but reducing . They have 16 rigs working on about 80k m . We are a long way from being as big as them .
If you look at the link I posted to them it will give you a better idea of all the various expenses that come out before profit is determined to give a p/e . Cnr are listed in uk where I would imagine cnr also have to pay tax,exploration costs,impairments etc . I think you have made this mistake before with a comparison with aaz I think by not taking on board all of the costs before profit is declared . I would say studying the finals of calibre or similar company would give a reasonable idea of possible profit levels ,obviously when debt free.
As to debt free , also in response to simms ,there is no way that cnr will pay a dividend before being debt free which is one reason why it is important . The thought that in 3 years cnr will have produced at a commercial level for a year are rather hopeful imv simms .unfortunately most on here when making forward projections string many very positives together to make one very optimistic forcast. Another reason it is important is that should the gold price crash ,being debt free can be the difference between being profitable or loss making . Simms , imv there is no chance that cnr will be paying a dividend in three years time .I would be surprised if it is in five years time . I would look into how long after production generally miners start to pay a dividend and how many actually pay 8 pc in their first year . Good luck with that. Buy cey now if you want dividends.or aaz.
However, mc has stated his aim to progress in following years to £180 m and underground development ,so I dont see large dividends for a long while .
Totally agree that if gold price rockets over the longterm ,ie 5 years, then the upside could be considerable but presently gold has been in a 1 year pullback that few here anticipated . We are also heading into high inflation which will hopefully push gold up, but will also push fuel, power and labour costs up . Hopefully I am overly cautious but hasnt been the case for quite a long time .

E l , pur gold currently operating on -18.5. Which illustrates the problem with trying to use p/e ratios for companies at different stages. Calibre are debt free ,$60m cash in hand, with expected full year production of 180 k oz with more coming on stream . P/e ratio also is worked from the previous years earnings ,something I think you have not taken into account in previous exchange using shg and aaz For comparison you tend to compare your guestimate for cnr in the future to an example based on a previous years earnings. Particularly problematic as covid affected many producers including calibre last year. cnr are years away from being able to be compared with a similar ratio to calibre or any other debt free producer although we have a m cap not too far behind hum. Calibre also have a history of achieving goals ahead of schedule whereas cnr dont produce a schedule as such just vague timelines and generally miss those.
Although on the face of it our projected aisc are a lot lower than calibres present figures, it should be borne in mind that they are projected and it is not unusual for them to be missed.
It is hard to see how you can come up with an accurate earnings per share to give a p/e .interested to know how you arrive at your figures .
Heres calibres latest figures
https://calibremining.com/news/calibre-reports-strong-second-quarter-and-year-to-3352/

Five years time, debt free and a good gold price , then we could be cooking .

Imp, I take on board what you say but omi has already seen a ggp like rise to 40 p and established a fairly predictable spike and pullback form . My point is it seems odd to me that certain posters promote buying after a big rise rather than when it is down.
Ggp is a very unusual aim success which just about every bb is using to justify big possible valuations . I could give far more examples where extractives are promoted and end up losing most of their value. Imv the best strategy on aim is to christallize gains and buy back cheaper when possible. just my view but has worked well for me here . Expand my holding without putting new cash in . of course I may get it wrong and regret it but hasnt happened yet but I did buy in sub 4 p .
Good luck .

Yv , well shg high grade kenya aquisition is a good example I think. Yes I know what you guys mean about being dogedly determined to see it out .I keep a core holding but trade in and out at times depending on if I see a good alternative and buy back in here from profits elsewhere .just my way of evening up the game . Works for me but obviously we all have different investment strategies but as mr lion pointed out a while ago ,I am starting to get on a bit in years now and want reward while I can make good use of it.
Real no havnt .might take a peek again . Only so many balls you can keep your eye on. I am probably over extended already and miss out on news on some . Thats why I like crypto . There's not too much news to watch out for individually just watch the trend and take your chances on buy or sell .
Anyhow ,good luck all with your holds ,sells etc and may your god go with ya.

Isa, mellon has paid £1.60 many moons ago . Ifc sold at rather a large loss . No guarantees for anybody. However they do have the benefit of cheap warrants to make averaging down a bit easier than for mere peasants like myself and the ability to write off any losses .
Imv the market knows there is going to be a discounted cash raise in the next 9 months and we are unlikely to see a any good sp movements until that happens . Hope I am wrong on that one as it means heavier dilution.

Yv, I am in shg too .bought in under 5 p a few years ago and added up to 8 p .I like the Kenya addition .
Re cnr when minebuild is financed there will be circa 200m shares so £100 m m cap gives you your 50 p . Not a lifechanging scenario. I bought eth about two weeks ago at $1740 and sold at $2814 last night . Can only justify this as a small punt these days. Wouldnt want it as a major holding I am afraid . Good luck .

Mr d , cheers for the wake up call on sar .bought back in around 7 p .
The odd thing with omi is, when the sp shoots up ,lots of posters are happy to buy when they could have bought much lower the week before or indeed a week after generally. Getting close to buy price for me but see no sense in paying 20 p plus .

https://www.theguardian.com/world/2021/aug/04/nicaragua-candidate-vice-president-berenice-quezada-house-arrest

https://www.consilium.europa.eu/en/press/press-releases/2021/08/02/nicaragua-eu-imposes-sanctions-on-eight-more-individuals/

Agree masky. Pretty much the same m cap as omi too. Maybe we should think about comparison there rather than ggp to keep our footsies on the ground .

Star, agree limit orders work well when getting a live sell or buy price is difficult.
Last year I was in ncyt which had a couple of crazy days more than doubling .failed to be able to get a live sell when intra day it doubled ton£5 and the dropped down to £3.60 on the next similar spike I had set a £5 limit sell and sold at 5.03 . been using limit buys and sells here too.

Yeah ,flying .Been on my list of possibles but unfortunately havnt bought .

Rpg, exactamundo .

Earsburn, did the article also tackle organised groups of promoters of shares on these bb's which undoubtedly will be the same people .perhaps it was removed for only covering half the story . How did so many people invest so much in a company so untransparent with such a dubious corporate structure? Personally I bought in around 2017 and got caught trading and take the wrap .you win some you lose some .I could have sold at profit a month or so prior to de list and considered selling but paid perhaps too much attention to the more positive posters.
In light of the eventual real scenarios surfacing through court proceedings I find it hard to glean any positives from a post trying to move the blame away from incompetent and possibly corrupt management.
I will be amazed if we see anything back from this but it is a fairly compelling soap.

Icb, Rio invested in calibre before the current assault on the electoral system .Rio are also large enough to take on risks worldwide and spread the rough with the smooth . Calibre also have a proven board and importantly are producing gold. The us is the prime mover with sanctions on Nicaragua and to my knowledge arnt particularly exposed in the mining sector in Nicaragua.Better to be informed on politics than uninformed imv. Political instability can affect the s p without overly affecting actual ability to operate .
I agree a bid always is a possibility going forward which is one of the reasons I still hold some shares here but at present we are still years from production but slowly heading that way . No telling where the gold price will be when commercial production commences and debt paid off .thats neither a ramp or de ramp as it is too far in the future to know imv.
If we want to use the unuseful terminology of rampers and de rampers then we should pehaps look at the constant predictions of massive re rates for years . Comeback jibbo I miss your takeover by next year posts from 8 years ago when you were buying at £1.80 apparently and looking for massive upside. No doubt many have been influenced by such posts and found themselves nursing large losses or having to average down massively becoming perhaps overly exposed in one junior which may apply to f7.
The sp is currently 42 p, thats fact not de ramping . Good upside potential to 50/60 p and most likely close to the bottom imv. I have been conservative with expectations for a number of years and been a hell of a lot closer than the 'ramp posts 'here . My post was in response to f7 . You and anyone else can ignore politics and share price performance , thats your perogative but my reading of sp and timescales have been a lot more based in reality than most on this board but hey call it de ramping if you want but the cold reality is 42 p today 200 p ten years ago . I am just breaking even presently so not overly worried and may well add if we go sub 40 p . I will be as happy as anyone if the share price goes ballistic but 11 years in here at various levels has made me cautious thankfully.