Member Info for Seingred

Tester , another reasonable comparison although should be noted pur sp has taken a pumelling the last few months . Again cnr will have at least 200 m shares when we get to production. Deduct some for Canada being a much better jurisdiction and we are back to £1-1.50 I reckon for cnr .
I would imagine pur moving much faster than cnr over the next couple of years when they sort out any production issues so concur with your theory .
Cnr is one for 3 or 4 years time as long as there are no problems and the gold price hasnt reversed Vacuous crypto for me. Eth closing in on $3500 from $200 a year ago .

Prodigy ,you have changed your tune somewhat . In the run up to the arbitration you were accusing me of being a shorter simply because I wasnt buying what little info was coming out of the company .like you my christmas was ruined 3 years previously by oxus ,but these guys make the oxus debacle pale into insignificance ,but I could smell the same cuttoff of correspondence with shareholders . Glad to say this a all in share for me and have way recovered it elsewhere . In shead we trust ,in zaza we trust geez . Give me crypto any day of the week than these fleecing aim crooks .
Imo this is long gone and all the posters claiming silence was for any good reason cannot surely still believe that . After the initial caymans case I accepted that I had most likely bought a pup here but it is another lesson . I had been in less than 2 years and was up vitually double at one point and should have cashed some out .
Oh well eth has turned out to be the golden ticket that some predicted here . $200-$3500 in a year and still rising . I hope most have re couped their losses here somewhere else .

Rainbow ,puleeeze no more of this hogwash .

E l , Cnr stated aim is to use high grade ore at the begining for faster payback which absolutely makes sense . However the start up year I don't believe will be below $700 because they will for sure be starting up slow and encounter teething problems along the way .
There is a clear difference in the way they present their projected aisc by year and Cnr . you are guessing at the make up of the spread of Cnr aisc because Cnr have no breakdown. Bit reminiscent of the fact that after spend millions on studies ,mc cannot tell an interviewer the projected price of a vital piece of equipement .not sure if it was priced individually .jeez come on.

Cf, like calibre ,this is a new outfit which have an agressive drilling campaign so you would expect resources to be raised considerably . Halfway through 35 k drilling . Costs for Colombia appear to be $110 m and they have drawn down the first tranche . IT is estimated as a 7 m oz project .
https://www.arisgold.com/news/news-details/2021/Aris-Gold-Announces-Marmato-Expansion-Updates-Including-Award-of-EPCM-Contract/default.aspx
They are also looking at more aquisitions . This was not my example for comparison and as always it is never perfect however I think in the market Cnr have it all to prove ,especially with their long winded route to production whereas this is an outfit that has more kudos in the all important Canadian market . The proof of the pudding will obviously be the sp .you are realistic with expectations of short /medium term which is sensible imv .40-100 p is not a bad return as far as I am concerned . I have had a very good run with other punts over the last couple of years but I am not expecting to go backwards here so am happy to keep some in here and run for the longer term whether for a takeout or possible production. I cannot pretend to be able to predict the possible gold price in three or four years and do not believe anybody else can . Could go ballistic , could halve, so have to assess as we go but I wouldnt want to have most of my eggs in this basket
.

E l , the market value is the only thing that counts . Some of us were youngish when we invested .However as you get older to some of us the bird in the hand is definitely worth two in the bush .
The fact is ,it is not that I don't believe in the share but I don't believe many posters have been realistic in the past and most likely the near future .
As I say I am happy to look to £1 as a feasable share price .to me that is not negative . If you want to believe that is too low that's your perogative and feel free to point out my folly in the future ,however presently the sp is 47 p and was higher during the bear market .

Re presentation . Firstly lom aisc stated $880 . Have you ever seen a breakdown of year to year production costs for cnr .most likely lom figures . Do you think that somehow Cnr have a magic wand that will somehow produce at $690 aisc from day one but experienced mine developers cannot ? Do you think that Cnr will not have similar ramp up issues like at pur?

E lion, yes you are correct the majority take the glass half full aproach . I have leaned the other way for a number of years . I stated at the end of 2018 that the timelines were slow and that we wouldn't be producing gold by the elections. I wasn't bearish enough as we won't be near starting construction. I also drew attention to the slow progress on land purchases. As for the glass three quarters full view , not really the best way to assess an investment imv .
Their presentation particularly board members is pretty impressive and obviously a company that will attract the Canadian gold investors .
$880 aisc ,not that bad . Perhaps you can explain how this example shows a huge potential for our sp ?
Cf , they will have more debt but also larger production figures . No comparison will be perfect for this purpose but This example doesn't infer to me that a sp over £1 is likely any time soon .more than happy to be wrong but at the same I am reasonably happy with £1 from 40p .

Cf, I note that they have 2 projects ,one being late stage exploration in Canada . single asset miners are valued lower than companies with multiple assets .
So they have their financing sorted to go to 180 k oz in Colombia . And they are valued at £188 m .
We have no finance in place for 100-120 k oz and will have at least 200 m shares when financing starts . So that gives an sp of less than a pound but they have two projects .Not really a convincing comparison for a multi bagger here imv .
This appears to be another calibre type story of a new proven team moving fast to make a larger company. Cnr is a very slow moving one asset project that will still take years to appreciate . Imo it would be best to be taken out all shares by an expanding Canadian outfit that knows how to develop run and market a mining company .

Nero , our three largest holders have pretty dubious business records . Our largest ,vulture capitalist,mr Mellon from his own admission made his first pile by robbing poor Russians. He is also part of the elite that runs this country presently, made a pile out of supporting Brexit with his mate Aaron Banks , lives in a tax haven and doesn't believe non doms should pay tax .
I agree that there is very little that doesn't involve extractives but Gold is one of the less useful, Poisoning ground around the world so banks can pile it away in vaults . So much better than Bitcoin .although gold is one of Nicaraguas largest exports it is a small employer and of course a large ammount will leave the country .

https://intercontinentalcry.org/wixarika-leaders-to-first-majestic-silver-follow-imd-mining-ltd-example-abandon-mining-project-in-sacred-lands-26285/

https://badboysofbrexit.com/2018/01/14/jim-mellon/

https://www.oaklandinstitute.org/nicaragua-sale

Slippy ,ha ha ,think he has had a strong coffee and finally realised that this road gets ever longer with no reward. 2018 some numpty reckoned Cnr sp 3.98 a month after permits .

Must admit to being a bit perplexed that posters seemed to be lapping up shares in the thirties but much less in the teens . I have been adding gradually in the teens . 25 p was my limit but reducing now as plenty of opportunity to buy at the right price . Bit worrying that another set of results that are not stellar may push us lower .Thats the gamble but still expecting to see twenties again sometime in the coming months hopefully .

E l ,I would be happy to sell to calibre ,fm or Equinox for £1-1.50 All share and suspect Mellon would too . More experienced hands guiding the ship and becoming part of a mid cap also in the frame for takeout .

Icb ,agree a bid has always been the aim and it is absolutely possible or a jv .However I can't see that being a massive re rate but may well be in shares of a suitor possibly which may well suit Mellon .

Tester, bout right . 2004 for meaningful production . Worth paying attention to pur ramp up timescales and extra finance . Lot of possible delays yet possible . Hard to predict gold price in 3 years tho but don't underestimate the power of the crypto imv .
Etherium hitting new ath as we speak. This is a long ways from multibagging imo unfortunately . Thankfully it is a minor holding for me these days .

Noel, in the big scheme of things that drop is quite small . But I seem to remember you predicting 70 p incoming so you got bragging rites covered both ways lol .

post doesnt apear then two .this site !

One of my little tips galantas going well .still no sign of Beaty selling from what I can see .They are doing a placing so interesting to see if he buys at all .

One of my little tips galantas going well .still no sign of Beaty selling .They are doing a placing so interesting to see if he buys at all .

Willowman .yes been keeping an eye on pirate. Most of the alties been taking a hit this week .mainly in eth presently .sold quite a bit of non eth over the last week but happy with eth atm .

Real, will have a squiz when I get a chance . Dont know much about rmm but I am bullish about copper and have a couple of plays but looking to add a couple more . Will be keeping an eye on it .

Cambells ,a bit early to call the demise of btc yet . Every 10 k milestone has seen a few large pullbacks . Eth holding up stronger . Hit an ath little over a day ago . I would expect at some point later this year to see crypto and gold going in opposite direction and some transfering .
Of course I could be way off and the crash is happening .