Member Info for Seingred

R8 ,I know that zz is definitely economical with facts like why we de listed and encouraged people to buy shares knowing this sh,tstorm was coming and misled shareholders about the terms of the loan .
I dont believe any of the congressmen will have seen the full arbitration doc . I do believe that us gvnt pressure is our best and likely only hope of a reasonable ending , and that it seems to be getting some kind of results . Frr of course now have to come up with the goods .
Just out of interest why didnt frr hand back the land in 2017 ? And avoid this situation .

R 8 ,the us completely obliterated Iraq on false narrative .wake up ffs .

Cf , mm not long to wait to find out .

Cf , the story hasn't changed for ages . Lets at least have one definitive decision . First or second quarter next year so Inwill call that second quarter (1 year ) . No mention of land purchases .still 65 per cent ? What happened to starting year end . What is everybodys prediction for production date now ? Deffo not 2021 .

Mc has until recently used the 80-120 oz scenario in presentations etc .it is only the last year or so that the small mine scenario has appeared .probably since Nicaragua milling bought in . I suspect that was one of the things to irk Beaty . Why talk about 120 k oz scenario when gold is at 1200 and now be talking 40-50 when gold is through 2000 . This company needs some clarity on this and funding then perhaps our sp will hit a level that makes equity raise much less painful .
This wishy washy maybe this or maybe that scenario has gone on long enough imo it doesnt infer a clear strategy .

https://www.kitco.com/news/2020-08-04/Gold-price-hits-new-record-as-2-000-opens-room-for-more-gains-analysts.html
Powering through .

Pretty much the same as the last few . We have 65 per cent of the land ,maybe toll mining .we may have a large mill or we might have two stage . Be nice to get confirmation of at least one part of the jigsaw .

Room for all strategies imo . I have holdings in many of the covid related stocks . It has been pretty profitable to sell on spikes and re buy but of course not always easy to know when the top is and hard to sell particularly when it turns round and drops .The first time ncyt stormed through 500.p I tried to sell live as it turned round and it plumeted spectacularly and ended up buying more the same day in the mid 300s .I then put a limit sell on at 500 and sold at 501.00 . Conversely I sold sng at around 1.60 on the way up and on the retrace only to see it power on to 220.00 .dropping now .
Sold sar last friday mid 90s and bought some yesterday around 79 .was expecting a further drop to get back to the same holding . I trade when it makes sense because unlike many on these boards I have limited funds and it is a way of maximising my holdings and tbh it is fun pitting your wits against the market rather than waiting for years for the big one . You can wait ten years to hit a market like we have presently for gold and biotech .gla

Ealthough ,I did have a dip in palm the other day .early days but nice rise today .

Always , was thinking about cora a while ago too but missed that boat .only so much cash to play with . Things are hotting up though .

https://www.pri.org/stories/2012-01-07/nicaraguas-gold-mining-industry-booming-boosting-countrys-economy

Punter
Interesting bit of back history .Randy Martin gets a mention .

F1 ,buy on the drops sell some above . 90 .not too hard .its gone from 50s to 90s a couple of times in the last 3 months only hopefully it will power through 1 p at some point . Just looking to start buying back in personally 70 s downwards .

Took a gamble selling on friday ,looks like buying back soon . Seems predictable when around 1 p .

https://www.theguardian.com/world/2020/may/12/politics-and-porgera-why-papua-new-guinea-cancelled-the-lease-on-one-of-its-biggest-mines

Personally I dont think it is a great risk however I wouldnt rule out tax rises beyond the elections .
Nicaraguas selling point has always been how mining friendly it is . Mining and oil companies operate often under psa s ,which often are much more complicated .I was in oxus gold .
sanctions are continually being tightened by the us so it is not inconceivable that the gvnt will have to look at raising funds .It is still not clear how extensive or how badly covid has or will affect their economy . I cannot see either ortega or the opposition risking one of its main exports .
I guess this is why Canadian and aussie resources are priced higher .

Tester ,I believe mellon also bought at £1.60 so guess he is averaging down ;) . Not suggesting he will sell at 80 p but he doesnt need to . Absolutely it is good that he has been continually raising his holding . There are umpteen possibilities here and not too many negative ones presently , just pointing out that its best to assess as we go . I will be holding longterm barring bad news with a bit of profit taking / trading on the way . 38 -80 p is a good starter I just like to stay grounded but will change my view dependant on circumstances . I love the figures by the way and not saying they are impossible . just hope newcomers arnt going to be disapointed if this doesnt turn into the instant rags to riches boom story .

Making nice steady progress .

Bitcoin heading to 11k usd . Sub 4k in march tester remember . Off topic but a reminder that there are a number of profitable investments and sensible to be spread across a few . Eth also going well .

Thats the problem with fantasy investing ,the larger the projected possible rewards ,the more impatient holders get . All manner of sp are possible but 80 p would be nice and atainable for a start and anything above a bonus for me in the short term .
Now is the time for producing . I do worry that we may miss the bull run . We do have the benefit of low aisc so though to fall back on but if you raise loans on the back of a high gold price and then the price crashes that could be a painful road .

Tester , it would be a big plus if a toll deal could be struck . Pulling in cash now while the gold price is high makes total sense .I dont believe for a minute that directors arnt fussed . Sharing gold at $2000 oz could be more profitable than when we are producing in two years time possibly and whats half of 40-80k if you have 5 m oz . Borrowing money isnt free either .
Still a good few questions waiting for answers that could give the sp a lift . For a change me and Nero on the same page ;) .
Cannot help feeling if it was going to happen it would have happened by now but never say never .