Member Info for Seingred

dont believe so.both out.
Calibre now suspended at $.58 c canadian .calibre were valued at around $5 per oz and a mcap similar to cnr recently.agreed lundin is a big draw like beaty.cnr wernt listed on tsx when Beaty first bought whereas calibre are a canadian company.also I think it more influenced by the newmarket team .
I think it will take clarity on funding the mine ,permits etc to see a significant movement in sp.we have after all added 27 per cent more shares.mr martin can only be a positive for cnr.just a question of how much of a positive.he obviously sees value and has local experience and skills.

I think yj saying they havnt heard from them for ages is also worrying .

Prod,the terms of the mortgage came from the company via rns so its all gueswork.my guess is total silence is not very good but that is a guess.

Wg,agree there are a few options regarding funding.if we are looking at toll mining to fund bfs before production then we are a long ways from starting mine build.I dont agree that our large holders have much higher averages.I bet rb,mellon and the nic milling have an average way lower than yours and getting lower all the time.all have cheap warrants too.
what is your estimate for time scale for toll to provide income for bfs and then complete the bfs,because to me that sounds like a lot more than 7 months.you are also expecting to prove up 4-5 m ozs before mine build too..when do you expect that to happen and where will that funding come from ? I think I have heard mention of toll income funding drilling.
I think toll deal will happen but not expecting revenue before nov dec at the earliest imo.maybe thats how it will be a much slower route to mine build and hope we have a decent aproach whether it be jv or sale .
agreed the finance would likely be a mix but will include some equity and as we see these small placings are very heavy at these levels.recent 27 per cent dilution for 4 m.there is no way that $130 m could come from equity alone although calibre are using a massive dilution to fund b2 deal.Will be interesting to see what their sp is after this deal.they were valued less than cnr previously per ounce and mcap .
I expect that a toll deal is likely but I dont expect to see any revenue before new year personally.
I am sure mc isnt sitting on his hands so lets see what he comes up with.bound to be a few surprises along the way.

there is no reason a simple communication couldnt be put on their website.legally advised for whatever reason I would think.bit worrying if you are advised to have no communication at all with your shareholders .they managed to put out a com before christmas.to think some were predicting this to be sorted in January.
I remember the experts in angm predicting the gold production figures during a period of similar silence.just before suspension.they didnt guess right.Hope this ends better.

Absolutely agree frenchie.re recent disclosure.The market likes clarity and they now know to expect a delay but not how long,have no clarity on bfs and mine finance.I have been saying for a long time that the timeline is slipping.It was good to hear extension is hopefully acceptable, however we do know that nica applications take a long time.my point is that all the time there are major funding issues to adress there is not likely to be a major re rate before the mine build is financed and more likely till full ,profitable production..cnr has been burning around £200k a month over the last few years so time is money.unfortunately this means that any further raises are likely to be at a fairly low price.obviously for us shareholders the higher the sp the better for dilution as well as for selling. more delays are quite possible .one of my worries are that the next election will occur when we are probably at a crucial stage in development .There is good reason to be cautious of that period Imo.

I would imagine that frr will have to be hitting certain targets for debt clearance.I would imagine some form of payment plan would have to be agreed.the liquidator can apply to the court at any time .Because the court hasnt been petitioned yet is no guarantee that after legal tooing and froing that it will not happen imo.

Munch,Maybe a broken record but the timescales are slipping .the overly optimistic on this bb have been well wide of the mark guessing timelines including yourself regarding permits.a full producing mine is what the whole thing is about.a toll deal is good but the mine build is the all important issue.also as calibre proposed deal with b2 doesnt complete until the end of sept begining of oct I cannot see a toll deal being finalised before then.so no income much before the mine build start date in feb imo.like you I have a fairly low average so dont need too big a step up for b e ,however ,even with a toll deal cnr still have to fund and complete a bfs and declare finance for the build of the mine in feb (almost certainly later imo)mc has stated that the finance will incorporate equity finance.so cannot see large rises here until production proper imo.more dilution to come yet.
Having a few speculative punts elsewhere while this is rooted around 20 p.

El,Agree mc is a good ceo who has been stuck between a rock and a hard place for some time.
The big boys have significantly lowered their breakevens now .cannot see mc £1.50 forthcoming until successful production so plenty of time to come and go in this share I suspect although I do believe we are hovering around the bottom hopefully.

From memory I think mc aquired unwanted warrants during a placement a couple of years ago for 1 p.

A price of 22 p hardly infers much incentive really or management confidence in the future sp.
carpetbagging imo.If the company is in a transformational stage what justifycation in warrants at such a low price.imo they should be priced similar to before the ii sell out ie 30-40 p

What surprises me here is that posters clubbed together to send reps over on a frr guided tour and suggested the same for the court case.I have a modest probable loss here but why havnt any of the potential rolls royce drivers gone over to georgia to have a poke around instead of having holidays in exotic locations.just wondering. if you can fund a pr trip why hasnt anybody funded a. Wtf is going on in georgia trip?

Dont often see proper rights issues on aim and when you do its more likely to be in a basket case like crnd .
I am sure that there are many investors here that would have loved to have bought in the recent premium raising and recieve the same warrants.

LlEl,I didnt remember who had mentioned 100 m so not having a personal dig at you .you have always been a reasoned poster.anyways,I have been voicing caution and reality here for over a year and taken nothing but flak .

EL,not long ago somebody on here was predicting going into production with circa 100 m shares in circulation.some need to get realistic here I think.There is much work to be done and paid for.we are 3 years from full production imo at least.yes conversion price is pretty unchallenging.
there is Likely to be a much larger placing to come yet which will be very painful at these levels.
I been reducing the last few weeks and moving elsewhere.still going to keep some here but I dont expect any fireworks any time soon.

I think I know whats coming too.another month of Agatha christie.

Its in the hands of the liquidators.I would assume they will make a decision based on the progress frr make re staying solvent and repaying their debts.If they make significant progress one would expect frr to recieve their one year.Obviously if frr fail to show progress one would expect the liquidators to go to the court.a year of checking the cayman court if we are lucky I guess and maybe some form of communication from the company.

El,with you on he broker tagets.however any sale or valuation is by m cap so quite right to downgrade in the short term after a fairly heavy dilution and not to forget a fair amount of cheap warrants to be cashed if the sp should head towards 40 p.every bit of dilution lessons the potential reward unless the cash creates further value.Hopefully that will be the case.

numis,bloody derampers grr.mr red happy with 70 p and nero goes off on one lol.

Looking good.missed adding in low twos but added some extra last week.making up for otc days.