Member Info for Seingred

Coggy ,you late to da party lol.

F7, I think you are correct to question where the sp is going . Ten years ago we hit the equivalent of £2 we are now bogged down in Lower 40 s territory . One strategy is to just sit tight and hope for the best. Another strategy is to be pro active with your holding . presently there are more opposition figures being arrested by the day in Nicaragua. I think it may be a mistake to think that a corrupt election and everything will be fine. The us is increasing sanctions as well as the eu. Even leftist gvnts like mexico and Argentina have distanced themselves from Nicaragua. At best cnr are two years from first pour and quite possibly longer .first pour also doesnt equate to commercial production .cnr will have 200 m shares by the time the mine funding is complete . That would make cnr a £100 m company at 50 p p share. Personally I think a £200 m valuation before successful production is a way off which would give £1 share price unless gold has a large increase ,which many predict.
I have reduced here over the last year or so and spread out in producers ,early stagers and other sectors with some very good results. Imo buying producers over the last few months is much safer than being top heavy here .
I still have a core holding and am open to either selling or buying dependent on news or movements . Interested to see if 40 p is breached for the first time in many months at a time when many goldies are just moving northwards .
Cambells is correct that most producers have been hit fairly hard over the last year and is the obvious choice for more predictable gains .
E l ,I am in omi and their exploration is funded by newmont so not all explo companies need to constantly dilute to progress their project. That said cnr have a much better record than many aim explo companies for raising and using the funds . Sitting on your hands hasnt exactly been such a good plan here though has it? Cnr has been one of my worst performers over the last five years.
Good luck f7

Vic , agreed .All you have to do is remember to sell some when the spike comes not buy more lol.

Hi BD. Indeed . Still waiting for the direction but the prolonged opportunity to buy undervalued shares is good. It has to come.
Been buying eth sub $1800 to sell 23/2400 level and adding small ammounts of btc with profits. Working ok since crypto has been trading sideways lately. Still expecting another rise before end of the year but time will tell. Hope you are good .

Btbt, you may be correct .I hold cnr also that are dual listed uk and Canada ,although not based in canada, and I have seen tr1 for Ross Beaty reducing at the 5 per cent level . Aim is a lottery but It would be a bit surprising if they dont have to conform to aim regs .
Coggy and myself have experience of foreign companies listed on aim so anything is possible .

Elsewhere I have seen tr1 when 5 per cent breached ,4 and finally 3 when reducing .

Webbs, The proposed gvnt digital stablecoin?
There was a britcoin crypto that is very little traded .de listed from most exchanges . Mk cap £55k
Personally mainly only interested in eth ,btc and a few others .eth seems good for 25 per cent trading .buy sub $1800 ,sell 2,200 upwards .

My understanding of aim rules are that any holding over 3 per cent has to be declared via tr1 and further single percentages ,so we should have rns for these holdings .concur star ,I believe they are nominee holdings . I think if these banks held directly then omi are very remiss to not be shouting it from the rooftops .

Not as bullish as big dogs prediction for may ;))
Gotta happen tho . Good time to be picking up producers on the cheap .imv.

Actually wasnt.

killing escobar on bbc 2 . Worth a watch .

Dr ,yes interesting re gold inc . Fully owned projects ,15 m gold eq oz measured . M cap 230 m.

Icb, you hit the nail on the head, we are not an early stage explorer .omi doubled briefly a few weeks ago ,although has given up most of that now . Mc said it a few years ago the market isnt rewarding ozs ,thats why cnr stopped drilling for a while. Obviously should help in the long run or for a sale but not going to give the long predicted re rate any time soon imv . It is doubtful that a buyout will give anything like the sp figures many hope for here in the short term . Glad to be proved wrong though.

Mask, I am well aware of the actual percentage ownership as well as the massive re rate having bought sub 4 p due to the n m take up. Also well aware of the general movements of early stagers generally. I am positive on omi but more cautious on calling huge multibags .my focus is protecting my gains and not continually relying on a continuous upward spike as that never happens in aim early doors plays or producers for that matter.
We have got nowhere near re hitting that 45 p high and are pretty steady between 14-18 p . Thats planet earth . If you sold at 40 p and re bought at 20 p ,you have twice as many shares .if you sold recently at 26 p and re buy soon you could have twice as many shares . That's planet earth calling .
omi is a good play for all the reasons people mention ,however as usual on these bbs the expectations can be dangerous for late comers .
Cnr 3 m resource ,heading for 5 m, good grades, fully permitted ,low aisc , 2 years from production ,fully owned project,Billionaire 20 p cent holder ,m cap £60 m.
Best to have a ballanced board.
Gla.

Aaz are paying a near 5 per cent dividend ,debt free and currently just under £150 m just for a reality check but some here think basically a 30 per cent share of a gold mine in 10-15 years time is worth more ?
If they are paying $30 for 75 per cent ,how much ,seriously do we think they want to pay for the remainder ?
interesting seeing solg mentioned ,I remember solg massive rise about ten years ago and its massive re trace down to a few p.it has had similar swings a number of times and is still worth half its original listing price. Quite possible that omi will continue having spikes and large pullbacks . That doesnt have to be bad news if you take advantage of it.

Happy haddock, dont let small details get in the way of a good ramp .
Maskey, our ceo is certainly careful with his own cash.
Newmont may commit $30 m for 75 per cent of the project. current m cap is in excess of that currently . Without their backing omi is probably worth similar amount to last year 3 p so since we re rated with their committment you could equate the real project valuation at around $ 100m which seems pretty racey . Yes I know they havnt earned their 75 per cent yet but we are most likely valued as such as last autumns re rate would suggest. Not a popular way of looking at things I guess .
Regarding traders ,I would suggest traders selling the spikes and re buying when halved .Been working for abfair while now.even when omi was low it was trading between 2and 4 p giving trading opportunities .

Waring ,I am not saying Newmont will walk away at all but the posibility is there for example if the politics took a serious shift leftwards, or gold price crashed or take a read of the link I attached . It is not without risk and colombia is not australia.
https://www.mining.com/community-opposition-forces-newmont-abandon-conga-project-peru/

I bought cnr in 2010 and it was the biggest gainer on aim one year going from sub 1 p to 11 p . That high has never been seen again and the sp is now a fifth of that and been much lower . It has good grades, good resource,permits and a billionaire 20 per cent backer and heading for starting construction soon. It has a m cap of 60 m . I suspect that omi will have spikes to 40 maybe 50 p and large re traces .the chances that you just sit here and watch a continuous curve up to pounds are fanciful imv . Omi has re rated from 2 p to 40 p already and now settling in the 14-20 p region which is pretty good for us peeps who bought at the low levels but if you paid 20 p or more you may be unlucky with the imminent multibags .
I generally find it best to have a long term pot and a trading pot .my 4 p shares are long term and I see the trade at sub 20 and sell in the 20 s so nearing buy time again for me soon .
Each to their own . If I am wrong no probs as I will still be holding a good ammount . More than our ceo ,and its very rare I ever get to claim that .

Isa, what I would call our peers. Shg ,aaz tsg and hum give reason to be conservative on aisc and production etc . All experiencing various problems that cnr could experience . You could add cey and pur to that list . Most here base their assumptions on construction ,production going swimmingly to plan even though every other stage has taken an age .
I hold some shg and it is disapointing but I bought most below 4 p and may add some . It is a good example though that you could be waiting years for the long promised re rate here and still end up with a kick in the sack.
Good luck

Dbuy the dips slice on the spikes . Its common sense . Ignore the imminent riches posts . This is a longterm project that may see a few dramas and is yet to really be de risked despite the hype . One sign of trouble and Newmont could walk or mothball .
https://www.mining.com/community-opposition-forces-newmont-abandon-conga-project-peru/
Good luck all

C f , yes agreed that we will be looking at higher production so we would hope for a higher valuation when we declare commercial production. If we said double, that would hopefully give an sp of around £1.50 whic is not bad from 45 p and a couple of years wait. Obviously that is at todays gold price .
from 2019 when mako was around 10 c cnr was 18 p .mako sp x 4 and cnr is about 2.5 so a very loose guess would be that just under a third of that rise could be attributable to moving towards production Imv .