Member Info for Seingred

Munch,there is no way cnr will be producing in 12-18 months.imo it will be 3 years before any revenue.18-24 years for construction.a bfs to completed and finance.we have to start construction in a years time.A two year deal would bring in useful income for wc and proving up more ounces.I think you may be disapointed if you think a sale is close although will be pleased to be wrong.
e lion,mc states in various interviews that funding would include equity in the equation.we will want a higher sp than present.Of coure mc will want as lower level as possible dilution but as we see ,you cannot wish the sp to A required level.The recent placing is by far the lowest in the 9 years I have held.it is galling to think that placements were made at £1.60 years ago and now we are at the business end and needing large cash we are at 24p ,with gold at a fairly good price to boot.
Re 974,mc stated he has a number of strategies running together and he needs ro be ready to implement whichever is forthcoming or the best deal.From the recent interview he states that the 3 month toll scenario is for proof of concept.now that could be useful for promoting a sale,joint venture or for finance.as mr beaty has stated aiscosts arnt always what they are cracked up to be.The proof of the pudding is in the eating.It could also be that there is a three month trial before a 2 year deal is entered into.a toll miner may not want to commit to 2 years if the grades are lower than forcast.
Mc also states that the plant would cost £130 m for an enlarged production capability.as mentioned here by others ,200 k oz per year is the magic number for b2,equinox etc acquisitions.Personally I think any production cash will be used for w capital ,further drilling ,permits ,bfs etc.£1.6 m will not see out this year imo without some income or another placing.

Munch,cnr has a year to complete a bfs ,many other tasks and start construction.Personally I think the chances of being bought out before production are not great.re toll deal,mc clearly stated in the latest interview ,negotiations continue.I think until funding is clear for for any extra funds up to production and the funding for construction,the sp will not do too much.I hope for a spike if toll deal is anounced and will probably sell half.
There is still more selling to come imo so chances for cheaper top ups maybe over the next month.

RB,We are massive contenders,I am extremely confident in Hugo lloris.Its just noise,we can forget that little arm wrestle with Chelski,we will be back multiscoring on you gotta be innit to winnit!

?? Last time we saw zaza.did he look like a man who had misled his shareholders in respect to the loan,clearly breaking his fiduciary duties?Did he look like he was going to deliver nice christmas presents.

Good find re.not music to the ears.
Cheap top ups for a while yet meethinks.

The phrase no brainer takes on a new dimension.

Mapp,really,enjoy what time you have left on the planet.You cant take it with you.your children have investments.what will be will be here.go and treat yourself to some mapp time doing something enjoyable.theres loads of great things to do that don't cost lots.the weather is great.

Re ,Disappointing to see cannacord selling and ifc but 750 k confirmation from melon is decent .I would like to have seen serial mining guru Beaty buying too and a higher price but hey.Reckon we should be back in the thirties when the sellers finally clear and a bit of news.
93 p warrants for £4 m expiring this week.guess the 31 p ones may well come in handy.over £1 m there.
Looking like the bottom to me right now hopefully

Blimey,jt.good price to bail.25p pretty cheap then.its in that skinny bit above venezuela.got a big lake in the middle.
Hows the roof these days?

Mapp,I know exactly what you mean.nobody wants to hear that their investment may not be as good as others say.more damage done to your wealth by rampers than posters being realistic and warning of the dangers.I was in oxs which de listed 3 years ago after a failed arbitration ruling with the uzbek gvnt.There were only a couple of posters saying that it isnt a shoe in.my advice was de risk on rises.there were opportunities.most were convinced that there would be a positive ending and were talking of how to spend their impending wealth.most said they were not selling a single share and would be in till the death.after the conclussion certain posters were conspicuous by their abscence.others were gobsmacked and crying foul.Good luck with your remaining investments including frr,most of us hope for a result even if we fear the worst here.it is not gone yet.

Tsbs,I am 22 stone and love cake.What u sayin?

Mapp,who advised you to invest in higly speculative aim exploration shares?Not being funny but any advisor would advise not to.or at least limit your exposure.There are plenty of safe good dividend stocks you could have bought.Did you not buy any "proper shares".aim is risky and trading in some form is the only sensible option imo.
the value of investments can go up or down yada yada.unfortunately Thatcher managed to convince many people through privatisation that share ownership was an easy money ?? giveaway.

With you on that zen.the two cases were seperate.the dec 18 was date for hope to submit defence for the fiduciary claim.he missed that date.there was also a hearing for Hopes application to discharge the injunction.this was granted to the next hearing in january.we dont know what happened at that hearing but there will have been aditional evidence at that hearing.since then we have had a stay .we can make guesses as to who applied for the stay and why but we do not know yet.the dec hearing was a half day so I would assume the judge will have studied that evidence prior to the hearing.I wouldnt think he would have looked at evidence from the following fiduciary claim at that point,hope hadnt even filed his defence.
I wonder how much we will glean from the next court disclosures or whether since the case is still pending that it will not be published until the case is finalised.It is all a guessing game but like you I suspect there is more evidence than in the injunction hearing.a compromise seems likely but may still take time.more patience needed.

?? the only fact I can see presently is that the bod misled holders on the loan ,the nomad resigned and we are de listed.Everything else is guesswork.christmas presents delivered by crampus.
We wait to find out the next installment ,having been told sfa for two months.nda,and loan are unsecured as far as we know.
blind faith is exactly that.I am prepared for a wipeout,but hope for positive news.
Facts are pretty thin on the ground unfortunately .

Frenchie,yes that is possible or a large per cent buy in.But cnr now have to plan full on for production.A bid would be perfect for us,and the gold price is looking good.If that happens we are all happy bunnies.However that scenario has been mooted for the last 6 years on this forum.personally I dont see a takeout before production here but can imagine a strategic holding by a producer.just my opinion.I am happy with the risk reward at 25-30p.
Roll on the takeover.I am not banking on that but happy to bank it if it happens.

Yes awax,less than a year to fund and carry out a bfs and fund the mine build.A lot of work to do ?without toll income cnr will be raising cash again in nov in my view .£2.4m lasted almost a year last year,so toll income very important imo.
We are at a good stage in the gold cycle which should be helpful.Obviously we dont know what mc may be negotiating presently but it is pretty disapointing that with gold looking so strong cnr are at a 3 year low sp.glad to have bought into a couple of producers 6 months ago to get immediate rewards from the gold price.both up over 30 per cent and paying dividends.my worry here is that the sp will not move much until full production,which is 3 years away.a lot can happen to the gold price in 3 years and politically.just have to assess things as they progress.

In the interview mc states that negotiations are ongoing.I doubt mc will be dictating the terms.what is your source to say it is all agreed ?

Wondergoals,I am not convinced that they have finished selling.I base that on the fact that the sp thus far is showing no desire to head north.just my opinion as your opinions are yours.The compliance visit was in relation to a complaint by some of the community that the process of consultation wasnt carried out in a transparent and fair manner.part of the world bank remit is in regard to improving human rights.I said it at the time,holding a pc under heavy arms during the most violent stage of gvnt repression is not correct.The nica act is also kicking in putting more pressure on Ifc.I may be wrong but the ifc are selling !
Why do I think the vat may be looked at.in the summer I met a nicaraguan economics student.one of his criticisms was of ortega being overly generous to international companies re tax and zero vat on imported goods.Recently we have seen a change in tax royalties.it seems highly likely that vat will be adressed to me.I read recently that there is a meeting planned v soon about tax issues.if I find it I will post a link.nicaraguas economy is heading downwards again this year,nica act aims to affect loans so it is obvious that taxation will be high on the agenda.I am not saying tax increases are prohibitive.they are still very good compared to many jurisdictions,however there will be a certain ammount of uncertainty as to whether they will increase further as the crisis increases.
The reforms that helped spark the protests have recently been passed .
Lastly.yes I am invested.I am transparent with my holdings.when I sell I say,when I buy I state.presently I hold as many cnr shares as in april last year,bought between 25-30 p.currently I am hopeful of a good lift on news of toll agreement.I am a realist wg.I have no desire to lose cash so try my best to understand the risks as well as the rewards.these bbs are full of posters that only post blue sky ,unfortunately many pay the price for paying too much credence.

From memory from the interview mc mentions selling ore to the toller and what they do is up to them.all will be clearer soon hopefully.
I suspect ifc may well be still looking to offload.I also believe it probably ties in with the compliance visit

https://www.facebook.com/207134666163459/posts/977857412424510?sfns=mo

Nica act also kicking in.I read that there is a meeting to discuss taxes soon.I think that vat may well be looked at.
Nicaragua has had particularly generous tax concessions for international investors as mc has repeatedly mentioned.reasonable headroom for some rises without it being too detrimental.

If the loan is forthcoming I see no reason why a re list will be top priority.main reason for listing is to raise cash!