Member Info for Seingred

Bottom.mark wouldnt have even mentioned it unless it was a serious option.He has never been prone to exageration.I would be surprised if nothing comes of it.He has given a timescale.you dont do that on a whim.I expect a positive result but as we know timescales cannot be banked on.

Exactly,its a win win scenario imo.at worst it should keep the lights on and pay bfs meaning no dilution.other scenarios are possible but that is a pretty good bottom line.heres hoping it gets finalised.

I been here since 2010 slim. I have traded myself to being nearly breakeven in 9 years.Not a rip roaring success but way better than if I had just sat there ..I am not considering the £3,4,5 scenarios.I am looking for 40/50p ,de risk.Not saying a much better scenario isnt possible but caution is a better defender of your cash than over optimism.Dilution is out of the way (albeit pretty costly) and we await news on toll mining.I am positive for 40s .If the toll mining agreement doesnt happen I will have a different view,but I expect it to happen.I doubt mc would mention it unless there was a very good chance of it happening.Hoping for a bit of cash to add a few more if we dip any lower.lets see how it plays out ,its a big plus if it happens.;)

Shady ,I know what you are saying.This is business,b2 are cash rich cnr cash poor.however I think they are likely to be pragmatic.mc said they are negotiating so horse trading is going on.They are in the driving seat to a point but Imo there is a chance to try out a possible 5 m resource and make as much as they make using their own ore with less costs.I think a reasonable deal is likely and that b2 have to be a possible investor for the future.we are an extremely cheap resource for them 10 per cent is chicken feed compared with what they are investing in Nicaragua alone.just depends how much exposure they want in Nicaragua.Buying potential presently for news this year imo.

https://www.theguardian.com/world/2019/feb/04/el-salvador-anti-corruption-candidate-nayib-bukele-wins-presidential-election

2013 we gifted 10 per cent to a charity.1 m oz.2.4 g/t.Dnt remember seeing anything other than nothing changing for the foreseeable future.president is a new party so wh knows but seems more positive.

Yes ,thats why I asked.never know.worth investigating.I thought cnr still held the concession but could be wrong

Cheers Bez.Have you been in Nicaragua lately?

On the el salvador elections?

It is easy to confuse a fair valuation as a developer or even producer to valuation for a sale.obviously holders of hum or aaz would hope for a significantly higher sale price than present share price.hard to know yet if ifc are starting a large sell of or not.I am minded of the compliance application and site visit not too long ago that most here saw asas an endorsement.
A toll agreement would be very positive .I have never seen a reason why b2 would not take out cnr.as I have said before ,in the time cnr have been in Nicaragua proving up this resource ,spending more than twice the m cap b2 have transformed itself into a serious gold producer.If the toll agreement proves successful why would they not take cnr out or at least take a significant stake.still in buying territory and posibly going cheaper.

Yes I believe frr can re list at a higher price.of course the sp has to be justified or it will crash.so dependent on when a re list should happen and what has been achieved.I have given the example of jupiter mines a couple of times.although listed in aus,they decided to de list because the market didnt value the company fairly.They secured largescale funding ,sorted out production and re listed some years later.de listed around 7 c re listed at 40 c.prior to re listing they carried out a share buy back instead of a dividend which helped establish a value for re listing as they bought back at 40 cents per share.
Of course it was their choice to de list.It is a bit unlikely imo that frr couldnt see the resignation and de listing coming,imo.It simplifies everything for them if they do in fact have funding agreed.

Agree,ifc unladed 500k.means we may have 2 sellers.ifc reducing is worrying as they still have 4 million.Have to consider they may be exiting.cant see ifc short for the proceeds of 500k shares.
On another track.https://www.wsj.com/articles/anticorruption-outsider-favored-to-win-el-salvadors-presidential-election-11549116000
El salvador elections.any thoughts?

Munch,I bought aaz ,hum and cey.last year after selling out here.sold out of hum fairly quickly.I bought aaz when they had proved they culd build and run a mine with likely dividends.They virtually doubled in 6 months.Here in cnr the sp has gone backwards.it is proven production that will move share price or obviously an approach.I think 40-50 p is do able from here especially with a toll mining deal.£2.4m has lasted 1 year.I would imagine this raise to last into third quarter without revenue so lets hope a deal is tied up asap.I expect mc to secure a deal but nothing is guaranteed.
Yes I agree mc prefferred option is sale but holders in hum and aaz are still talking about takeover.both have mcap sub £100 m.I see both more likely for takeout.
Toll mining deal is good for funding but also putting cnr higher up the ladder for sale if limited production proves good economics.If a buyer /joint venture doesnt appear in the next year cnr have to go to production.buy out is preferable but I am not too confident of that in the next year.
Pat,we are far from doomed,we are at the bottom hopefully,There may be more selling yet keeping sp lower but the movement should be north from here .

Aaz has a m cap under £100 m is profitable and paying dividends.hum £84 m.not without its problems as I am sure jibbo can enlighten.I think your 40 /50 p target is a good one.Beyond that I am more cautious.a further rise in gold price has to be helpful.However I do not think that the development phase of a mine is generally a great driver for sp growth.will be happy to be wrong of course.

Looks that way.I said ages ago that one of the ifc criteria is in regard to human rights.I also said that the nica act would possibly have an effect.both the tax news and the ifc will be linked to the political situation .ifc previously had a non dilution agreement If memory serves me.

Yes beaties non show is a bit disapointing.yep I been saying fundraise feb march.10-15 per cent.also saw this tax as a possibility.lets hope toll mining is confirmed soon.that should help the sp.personally looking to de risk at 40-50p.
Yes it would be extremely good if this is the last raise.gla.

Good find ,cheers

I said it was possible and got trashed.still lower than many areas but may be viewed as an ongoing situation.The economy is going to de teriorate further this year for sure .I am sure that it is a possibility that is factored in to most mining operations there by now.

Would've preferred the toll mining confirmation before this raise and a raise at a higher sp.sp has been driven down nicely for directors to get nice cheap entry and warrants.co incidence maybe but nice for them.oh well onwards.sp should recover a bit now thats over.

https://calibremining.com/news/2019/calibre-acquires-a-100-interest-in-the-siuna-gold-silver-copper-property-in-nicaragua-from-centerra-gold/
Lukas lundin ,a compadre of Ross beaty.